The automotive industry is renowned for its inherent volatility, marked by fluctuating sales trends, shifting consumer preferences, and evolving regulatory landscapes. In this turbulent environment, Stellantis, a major player formed from the merger of Fiat Chrysler and PSA Group, is now grappling with significant pushback from its U.S. dealer network as well as the United
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As we look forward to the 2028 Olympics in Los Angeles, it is evident that the city is gearing up to host a spectacular event. Following the success of the 2024 Olympics in Paris, the expectations for Los Angeles are high. Mayor Karen Bass acknowledged that there is still much to be done to prepare
The luxury real estate market in cities like New York, Miami, and Palm Beach has experienced a significant surge in sales of ultra-luxury homes in the second quarter. This surge comes at a time when many other parts of the world have seen a decline in such sales. According to a new report from real
Discount home goods retailer Big Lots recently filed for bankruptcy protection after facing challenges with consumer demand and economic conditions. The company, known for its low-priced furniture and decor, has been impacted by high interest rates and a sluggish housing market. These factors have significantly slowed down demand for its products, leading to a decline
Boeing’s Starliner spacecraft finally undocked from the International Space Station after a significant delay, leaving behind the two astronauts it had transported to orbit months earlier. NASA test pilots Butch Wilmore and Suni Williams were slated to return to Earth aboard SpaceX’s Dragon spacecraft, while they remained on the ISS for an extended stay until
The Green Bay Packers stand out among NFL teams not only for their storied history and passionate fan base, but also for their unique ownership structure. Unlike other professional sports teams, the Packers are owned by stockholders, many of whom are devoted fans of the team. With more than 5.2 million outstanding shares owned by
When Jerry Jones purchased the Dallas Cowboys in 1989, the team was facing financial turmoil, losing $1 million a month. With seats and suites empty at Texas Stadium, Jones had to act fast to turn things around. Fast forward 35 years, the Cowboys are now valued at a staggering $11 billion, making them the most
Molson Coors recently announced significant changes to its diversity, equity, and inclusion policies, becoming part of a broader trend among companies. In an internal memo obtained by CNBC, the company revealed its decision to eliminate supplier diversity quotas, citing these quotas as “complicated and influenced by factors outside of [the company’s] control.” While Molson Coors
Steph Curry, the four-time NBA Champion, is not just focused on his basketball career but also on life after retirement. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his aspirations beyond the court. The 10-time NBA All-Star revealed his involvement in various business ventures, including his media company, Unanimous Media, and
The year 2024 has been marked by a significant increase in restaurant bankruptcy filings, following a general trend of rising corporate insolvencies across various sectors. This surge has seen at least 10 restaurant chains seek Chapter 11 protection so far. August alone witnessed three notable eateries filing for bankruptcy, indicating a challenging operating environment for