CNBC has recently released its first ever Official NFL Team Valuations, ranking professional football teams based on their overall franchise value. This ranking, compiled by CNBC senior sports reporter Michael Ozanian, takes into account factors such as revenue, profit, and debt to provide an overview of the financial health of the 32 clubs in the
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Steph Curry, the legendary NBA player, is not just focused on his basketball career but also planning for his future ventures outside the court. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his aspirations for his businesses and potential ownership of an NBA team once his playing days are over. At
The return of football season is anticipated to bring about a surge in sports betting, with projections indicating that U.S. adults will wager a record-breaking $35 billion during the NFL season. This represents a significant increase of over 30% from the previous year’s total of $26.7 billion in wagers. Several states, including Maine, North Carolina,
Ulta Beauty, a well-known beauty retailer, faced a setback recently as its shares dropped by 7% during extended trading. This dip came after the company failed to meet second-quarter expectations and had to revise its full-year guidance. The decline in same-store sales during the recent period was a significant factor in the company’s underperformance. CEO
The restaurant industry has been hit hard this year with a surge in bankruptcy filings, reflecting a broader trend across various sectors. The impacts of the COVID-19 pandemic, rising costs, and the withdrawal of government assistance have left many restaurants struggling to stay afloat. As of the mid-year point in 2024, at least 10 restaurant
The landscape of cannabis consumption is undergoing a metamorphosis, as luxury cannabis products are becoming increasingly popular. In the heart of New York City’s Fifth Avenue, shoppers can now indulge in purchasing New York state-grown marijuana joints alongside high-end fashion and jewelry brands. The recent wave of cannabis legalization in New York has paved the
In the wake of unprecedented challenges, airlines are struggling to balance the need for new aircraft with the imperative to save money. Cash-strapped, low-cost, and deep-discount airlines are reevaluating their growth plans and deferring deliveries of new planes to mitigate costs and return to profitability. The impact of engine repairs, coupled with escalating operational expenses
Amidst ongoing efforts to combat the Covid-19 pandemic, the Food and Drug Administration recently authorized the emergency use of Novavax’s updated protein-based vaccine for individuals aged 12 and above. This development opens up the opportunity for Novavax to compete with established vaccine manufacturers like Pfizer and Moderna in the upcoming fall and winter seasons. Novavax’s
General Motors recently announced its decision to integrate its all-electric BrightDrop commercial vans into the Chevrolet brand. This strategic move is aimed at boosting sales, accessibility, and recognition of the vehicles in the market. By leveraging the strength and reputation of the Chevrolet brand, GM hopes to drive volume and make it easier for customers
The toy industry experienced a slowdown in sales due to inflation pressures in the first half of 2024. However, Lego managed to defy this trend by recording a remarkable 13% increase in revenue, reaching 31 billion Danish krone. The company’s CEO, Niels Christiansen, credited this success to the strength of their product portfolio, particularly highlighting