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
Business
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.
The Food and Drug Administration recently authorized Novavax’s protein-based Covid-19 vaccine for emergency use in individuals aged 12 and above. This approval comes as a significant development in the fight against the pandemic, as it provides another option for vaccination alongside the Pfizer and Moderna vaccines. Novavax’s vaccine is specifically designed to target the omicron
Best Buy surprised investors by exceeding both earnings and revenue expectations for the recent quarter. As a result, the retailer has raised its fiscal-year profit guidance, now anticipating adjusted earnings per share in the range of $6.10 to $6.35, up from the previous range of $5.75 to $6.20. While this is positive news for the
In the face of an inflation-fueled sales slump in the toy industry, Lego has managed to defy the odds and experience a significant growth in revenue. During the first six months of 2024, Lego reported a 13% jump in revenue, reaching 31 billion Danish krone, equivalent to approximately $4.65 billion. This growth is a testament
The population of crypto millionaires in the world has seen a significant increase of 95% over the past year. According to a report from New World Wealth and Henley & Partners, there are now 172,300 individuals worldwide holding more than $1 million in crypto assets. This is a substantial increase from the 88,200 recorded the