Business

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
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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
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In a surprising turn of events, airlines that were once eagerly awaiting new aircraft are now pulling back on their spending due to financial constraints. Cash-strapped budget airlines, facing challenges in achieving steady profitability, are postponing billions of dollars worth of new aircraft deliveries. This shift in approach has been triggered by the need to
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The Food and Drug Administration recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals ages 12 and older. This decision opens the door for Novavax’s vaccine to rival those produced by Pfizer and Moderna in the upcoming fall and winter seasons. Novavax’s vaccine specifically targets the highly contagious omicron subvariant JN.1, which
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General Motors is taking a significant step in its commercial electric vehicle strategy by integrating BrightDrop vans under the Chevrolet brand. This strategic move aims to enhance sales, accessibility, and recognition of these all-electric commercial vehicles. By transitioning BrightDrop vans into the Chevrolet lineup, GM plans to leverage the strength and reputation of the Chevrolet
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