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
Zilch, a British financial technology firm, recently announced a significant achievement – its first-ever month of profit. This milestone is a crucial step for the company as it sets its sights on an eventual initial public offering. In July 2024, just four years after its founding, Zilch reported an operating profit, surpassing the expectations of
China’s property struggles and U.S. sanctions have had a significant impact on some of its cities, while others have benefited from Beijing’s tech push, according to the Milken Institute’s best performing cities China index. The index, which has been studying China’s large- and mid-sized cities since 2015, assesses their economic vibrancy and growth prospects. Hangzhou,
As sports team values continue to soar into the billions, team owners are facing new challenges when it comes to succession planning. The average age of team owners is rising, with many owners in their 70s and beyond. This poses a critical issue for owners who are looking to pass down their assets to the
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,
CrowdStrike, a prominent cybersecurity software maker, recently faced a setback with a global outage that led to a 4% drop in their shares. This article delves into the repercussions of the outage on the company’s financial performance and investor sentiment. Despite reporting strong fiscal second-quarter results, CrowdStrike had to reduce its full-year guidance following the
As investors closely monitor the fluctuations in the stock market, various sectors have experienced significant movements in recent times. For instance, Nvidia, a prominent player in the semiconductor industry, faced a massive decline of $279 billion in market value in a single day. Simultaneously, other semiconductor companies like Micron Technology and Advanced Micro Devices also
Nvidia, a leading semiconductor company, recently saw its stock price dip in premarket trading in the U.S. Despite reporting a significant increase in revenue in the second quarter, the company’s stock took a hit due to slightly lower gross margins and heightened market expectations. While Nvidia’s revenue growth has been impressive, with four consecutive quarters
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
Gap shares were halted Thursday morning after an apparent early release of their quarterly earnings results. Despite being scheduled to post their second-quarter earnings after the closing bell, a presentation revealing the results briefly appeared on Gap’s website in the morning. However, the earnings were no longer visible on the site when the stock was