Discount home goods retailer Big Lots has recently filed for bankruptcy due to a combination of high interest rates and a sluggish housing market. This has resulted in a decrease in demand for its low-priced furniture and decor. The company, known for offering bargain-basement pricing on all things home, has seen its revenue drop significantly
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Boeing’s Starliner capsule recently undocked from the International Space Station after a prolonged stay, departing without the two astronauts it originally delivered to orbit. The astronauts, Butch Wilmore and Suni Williams, will now remain at the ISS until February, returning to Earth aboard SpaceX’s Dragon spacecraft. The departure occurred later than planned and without the
In recent years, automakers have experienced a resurgence in advertising efforts during the National Football League season. Brands such as Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are making a comeback in leveraging the NFL and its games as prime advertising platforms. Notably, Toyota has secured its position as the “Official Automotive
Starboard Value, an activist investor, has made a bold move to dissolve News Corp’s dual-class share structure, which has long been a source of control for the Murdoch family over the Wall Street Journal parent company. This challenge comes in the form of a non-binding shareholder resolution, indicating the seriousness of Starboard’s intentions. With Rupert
The Green Bay Packers have a one-of-a-kind ownership structure that sets them apart from all other teams in the National Football League. As the 12th most valuable NFL franchise, with a valuation of $6.3 billion, the Packers are the only team that is structured as a publicly owned entity. This ownership model allows for a
As we delve into CNBC’s inaugural Official NFL Team Valuations, it becomes evident that numerous factors contribute to a team’s overall franchise value. Michael Ozanian, CNBC’s senior sports reporter, meticulously calculates each team’s worth based on revenue, profit, and debt. In examining the 32 clubs on the list, it is apparent that the average NFL
Steph Curry, a four-time NBA Champion and 10-time NBA All-Star, is already planning for life after basketball. In a recent interview with CNBC, Curry discussed his future beyond the basketball court. At 36 years old, Curry has a media company, Unanimous Media, and a youth golf tour called Underrated, in addition to various other business
The NFL season is well underway, and with it comes an expectation of record-breaking betting activities. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion throughout this NFL season. This represents a significant increase of over 30% from the $26.7 billion wagered during the previous season. Several states,
Ulta Beauty saw its shares drop 7% in extended trading after the company reported falling short of second-quarter expectations and revised its full-year guidance due to a decline in same-store sales. The decline was a surprise to many, marking the company’s first earnings per share miss since May 2020 and its first revenue miss since
The year 2024 has witnessed a notable uptick in restaurant bankruptcy filings, underscoring a broader trend of increasing corporate bankruptcies spanning multiple sectors. Notably, a minimum of 10 restaurant chains, excluding multi-unit franchisees, have initiated bankruptcy proceedings. Among these, the month of August alone saw three Chapter 11 filings from prominent eateries, indicating the severity