Discount home goods retailer Big Lots has recently filed for bankruptcy, signaling a major decline in its business operations. The company, known for its low-priced furniture and decor, has faced challenges due to high interest rates and a sluggish housing market. These factors have significantly slowed down the demand for its products, leading to a
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Boeing’s Starliner recently departed from the International Space Station, albeit months behind schedule and without the expected crew members on board. Test pilots Butch Wilmore and Suni Williams remained at the ISS, with plans to return to Earth in February on SpaceX’s Dragon spacecraft. The undocking process, occurring at 6:04 p.m. ET on Friday, is
As the National Football League (NFL) season kicks off, automakers are making a significant comeback in the advertising world. Brands such as Toyota, Hyundai, and General Motors are among those seizing the opportunity to capitalize on the NFL and its games as prime advertising platforms in the upcoming months. Toyota, as the “Official Automotive Partner
In a recent development, activist investor Starboard Value has taken steps to dissolve News Corp’s dual-class share structure. This move is seen as a direct challenge to the Murdoch family’s control over the Wall Street Journal parent company. It has been reported by sources familiar with the matter that Starboard Value made this push through
In the world of professional sports, where team ownership is typically held by wealthy investors and corporations, the Green Bay Packers stand out as the only team in the National Football League with a unique ownership structure. Unlike the other 31 NFL franchises, the Packers are owned by stockholders, many of whom are die-hard fans
As the NFL season kicks off, CNBC introduces its Official NFL Team Valuations, ranking professional football teams based on their overall franchise value. This valuation, calculated by CNBC senior sports reporter Michael Ozanian, takes into account a team’s revenue, profit, and debt. It comes as no surprise that the average NFL team is now worth
Steph Curry, four-time NBA champion and 10-time NBA All-Star, is already looking ahead to his life after basketball. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his current businesses and his aspirations for the future. Among his ventures, Curry owns a media company called Unanimous Media, as well as a youth
As the football season kicks back into action, it’s expected to bring in record-breaking betting returns. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion during this NFL season. This anticipated figure marks a significant increase of over 30% compared to the $26.7 billion wagered during last year’s
Ulta Beauty’s shares plummeted 7% in extended trading after the company failed to meet second-quarter expectations and revised its full-year guidance due to a decrease in same-store sales. This marked the first earnings per share miss for Ulta since May 2020 and the first revenue miss since December 2020. Comparable sales in the second quarter
In the midst of economic turmoil, the restaurant industry has been hit particularly hard. The year 2024 has seen a surge in bankruptcy filings among notable restaurant chains, signaling broader struggles within the corporate sector. With at least 10 restaurant chains seeking bankruptcy protection this year, the impact of the ongoing pandemic, rising labor costs,