In a groundbreaking move that transformed holiday entertainment, Netflix carved out a significant niche for itself by hosting exclusive broadcasts of two NFL games on Christmas Day. According to Nielsen, nearly 65 million viewers across the United States tuned in, making it the most-watched NFL event on the platform. The Baltimore Ravens’ thrilling matchup against
Business
A coalition of banking institutions and business advocacy groups has taken legal action against the Federal Reserve, aiming to reform the annual stress testing of banks. Fronted by the Bank Policy Institute (BPI), which represents leading financial entities like JPMorgan Chase, Citigroup, and Goldman Sachs, the lawsuit highlights dissatisfaction with the existing framework that allegedly
In a significant maneuver this week, Nordstrom has entered into a buyout deal valued at approximately $6.25 billion, ultimately marking its transition into private ownership. This agreement involves Nordstrom’s founding family taking the lead with a majority stake of 50.1%, while El Puerto de Liverpool, a prominent Mexican department store chain, retains a 49.9% share.
As holiday festivities approach, the bustling atmosphere at Starbucks cafes might be overshadowed by tension brewing between baristas and the corporate hierarchy. In an unprecedented move, baristas at select Starbucks locations — particularly in major cities like Los Angeles, Chicago, and Seattle — are planning to strike through Christmas Eve. This action comes as part
In recent years, the financial landscape of college athletics has transformed into a lucrative domain, attracting the attention of private investors eager to partake in the revenue generated by prominent college sports programs. The question of valuation looms large—what is a college sports program truly worth? This story delves into the criteria and factors influencing
Stellantis has recently announced the postponement of its all-electric Ram pickup truck, pushing its debut back from 2025 to 2026. This decision surfaces amidst a backdrop of slower-than-anticipated electric vehicle (EV) adoption among consumers and challenges faced by many competitors in making electric trucks profitable. The company’s pivot towards a hybrid model, known as the
In a significant move to address allegations of unfair business practices, Grubhub has agreed to pay $25 million to settle a lawsuit brought forth by the Federal Trade Commission (FTC) and the Illinois Attorney General. This lawsuit highlighted numerous deceptive practices that allegedly misled diners, exploited drivers, and misrepresented restaurants. The FTC’s investigation into Grubhub
In recent years, family offices have become increasingly involved in direct investments in private enterprises, sparking both interest and concern among financial experts. The latest data from the 2024 Wharton Family Office Survey underscores the complexities of this trend, revealing that while family offices are pursuing direct investments with zeal, they may inadvertently expose themselves
The recent loss of Brian Thompson, former CEO of UnitedHealthcare, has sent shockwaves through the healthcare community, prompting the current CEO, Andrew Witty, to share his grief and insights on the broader implications for the U.S. healthcare system. In a poignant opinion piece published in the New York Times, Witty expressed the collective frustration shared
The Consumer Financial Protection Bureau (CFPB) recently disclosed a transformative rule aimed at curbing the excessive overdraft fees that have long plagued American consumers. With the anticipation of saving consumers an impressive $5 billion annually, this new regulation reflects a broader movement toward increased consumer protection in the financial sector. However, amid this announcement lies