As the torch passes from Paris to Los Angeles for the 2028 Olympic Games, key stakeholders are gearing up to meet the challenges and seize the opportunities that come with hosting such a prestigious event. Los Angeles Mayor Karen Bass acknowledges the need for extensive preparation, particularly in terms of infrastructure and public transportation. Echoing
Business
The news of Nelson Peltz stepping down as chair of Wendy’s marks the end of a 17-year tenure at the fast-food chain. This change comes at a time when low-income consumers are dining out less, resulting in a decline in Wendy’s sales. The company’s shares have plummeted by over 12% this year, reducing its market
DirecTV customers woke up to the disappointing news that they might not be able to catch the NFL’s opening “Monday Night Football” game on ESPN due to an ongoing negotiation battle between the satellite company and Disney. The blackout resulted from DirecTV customers losing access to Disney’s TV networks on September 1st. These networks include
Discount home goods giant Big Lots faced a significant setback as it filed for bankruptcy due to a combination of factors including high interest rates and a sluggish housing market. This led to a decrease in demand for their low-priced furniture and decor items, ultimately impacting their revenue and profit margins. The decision to sell
Boeing’s Starliner spacecraft finally undocked from the International Space Station after a long delay in its departure timeline. Originally supposed to leave much sooner, the return trip did not include the two astronauts it brought to orbit in June. Instead, NASA test pilots Butch Wilmore and Suni Williams will remain at the ISS for an
In recent years, automakers like Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers have been making a comeback in advertising during the National Football League season. After a slowdown in marketing efforts due to various factors including the Covid-19 pandemic and supply chain issues, automakers are once again capitalizing on the popularity of
In a bold move, activist investor Starboard Value has set its sights on breaking News Corp’s dual-class share structure. This strategic maneuver is a direct challenge to the Murdoch family’s long-standing control over the media conglomerate. The dual-class share structure has, until now, allowed media mogul Rupert Murdoch to wield significant influence over around 40%
The Green Bay Packers stand out among National Football League teams due to their ownership structure that resembles a publicly traded company. With a valuation of $6.3 billion, the Packers are the 12th most valuable franchise in the NFL. However, what truly sets them apart is the fact that they are the only publicly owned
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
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