Los Angeles Mayor Karen Bass recently discussed the upcoming 2028 Olympics at CNBC x Boardroom’s Game Plan sports business event. She expressed her concerns about the city’s readiness to host the Games, highlighting the need for extensive preparation and improvements across various sectors. Bass emphasized the importance of developing robust public transportation infrastructure to ensure
Business
The luxury real estate market in top cities like New York, Miami, and Palm Beach, Florida, has seen a significant surge in sales of ultra-luxury homes in the second quarter of the year. According to a report from real estate firm Knight Frank, the number of homes that sold for $10 million or more saw
Big Lots, a discount home goods retailer, recently filed for bankruptcy protection due to a combination of high interest rates and a sluggish housing market impacting its sales. The company, specializing in low-priced furniture and decor, saw a decline in demand following the pandemic-era boom in home furnishings. As part of its Chapter 11 filing,
Boeing’s Starliner spacecraft recently made headlines as it finally undocked from the International Space Station after being delayed for months. The departure, however, was not without its complications. The spacecraft, which had originally delivered two astronauts to orbit in early June, left the ISS without them. NASA test pilots Butch Wilmore and Suni Williams were
The Green Bay Packers stand out as the only National Football League team with an ownership structure that resembles a publicly traded company. With a valuation of $6.3 billion, the Packers are owned by stockholders, many of whom are passionate fans of the team. This unique ownership model has been in place for over 100
When Jerry Jones purchased the Dallas Cowboys for $150 million in 1989, little did he know that this would be the start of a journey that would transform the team into a multi-billion dollar business empire. At that time, the Cowboys were struggling, losing $1 million a month, with empty seats and suites at Texas
Molson Coors recently made the decision to reverse its diversity, equity, and inclusion (DEI) policies, joining a growing number of companies taking similar actions. The company’s executives announced the elimination of supplier diversity quotas, citing complexity and external factors beyond their control. Despite this change, Molson Coors emphasized its commitment to ensuring that its suppliers
Steph Curry, the legendary NBA player, is already making plans for his life after basketball. In a recent interview with CNBC, Curry discussed his future aspirations beyond the basketball court. The 36-year-old athlete, who has won four NBA championships and been named an All-Star 10 times, revealed that he has a variety of business ventures
Throughout the year 2024, the restaurant industry has been experiencing a significant surge in bankruptcy filings, mirroring the broader rise in corporate bankruptcies across various sectors. This trend is especially noticeable in the fact that at least ten well-known restaurant chains have filed for bankruptcy this year alone. In August, three Chapter 11 filings from
The landscape of cannabis consumption is evolving rapidly, with upscale dispensaries popping up in the heart of luxury shopping districts like Fifth Avenue in New York City. In the past 3 ½ years, the legalization of adult-use marijuana in New York state has fueled a surge in licensed cannabis sales, surpassing $100 million last year.