When Jerry Jones took over as the owner of the Dallas Cowboys in 1989, the team was facing financial struggles with losses of $1 million a month. However, Jones quickly turned things around with bold moves on and off the field that transformed the franchise into the most valuable team in the NFL today, worth
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Molson Coors recently announced that it will be reversing its diversity, equity, and inclusion policies regarding supplier diversity quotas. In an internal memo, the executives of the company stated that they will be eliminating these quotas as they believe they can be “complicated and influenced by factors outside of [the company’s] control.” This decision has
As a four-time NBA Champion, Steph Curry’s illustrious basketball career is already the stuff of legends. However, the 10-time NBA All-Star is not content to rest on his laurels. In a recent interview with CNBC’s “Squawk on the Street,” Curry revealed his plans and aspirations for life after the NBA. From his thriving media company,
In 2024, there has been a significant surge in restaurant bankruptcy filings, reflecting a broader rise in corporate bankruptcies across various sectors. This trend has been primarily influenced by a combination of factors that have impacted the restaurant industry, such as reduced consumer spending, escalating labor costs, and the withdrawal of Covid-era government assistance programs.
The legalization of adult-use marijuana in New York has sparked a booming industry where cannabis consumption has made its way to the luxurious strip of Fifth Avenue. Shoppers can now enjoy the shopping experience by not only picking out high-end fashion pieces but also purchasing premium marijuana products from licensed dispensaries. This shift marks a
The Food and Drug Administration recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and older. This approval now allows Novavax to compete with well-established vaccines from Pfizer and Moderna during the upcoming fall and winter months. Novavax’s vaccine specifically targets the omicron subvariant JN.1, which has been rapidly spreading
Best Buy announced an increase in its fiscal-year profit guidance, surpassing both earnings and revenue expectations for the most recent quarter. The retailer now anticipates full-year adjusted earnings per share to fall within the range of $6.10 to $6.35, a significant jump from the previous range of $5.75 to $6.20. Despite this positive development, Best
In a time when many companies in the toy industry are facing challenges due to an inflation-fueled sales slump, Lego has managed to shine through. The Danish toymaker reported a remarkable 13% revenue jump in the first six months of 2024, reaching 31 billion Danish krone, or about $4.65 billion. This growth is attributed to
The world has witnessed a staggering increase of 95% in the population of crypto millionaires over the past year. This surge is attributed to the exponential rise in bitcoin exchange-traded funds and other crypto assets. A recent report by New World Wealth and Henley & Partners reveals that there are now 172,300 individuals globally who
Dallas Mavericks and New Orleans Pelicans fans are eagerly waiting for news on how they can watch their favorite teams play in the upcoming NBA season. Both teams are in the process of moving away from their regional sports networks owned by Diamond Sports, as highlighted in a recent bankruptcy court filing. With the NBA