The recent announcement of Boeing CEO Dave Calhoun stepping down at the end of 2024 has sent shockwaves through the aerospace industry. Calhoun, who took over the top job in late 2019, has been at the helm of the embattled company during a turbulent period marked by quality and manufacturing flaws on Boeing planes. His
Business
The United States has rapidly surpassed China as the leading country in the world for millionaires and billionaires, according to a recent report. The number of Americans with liquid investible assets exceeding $1 million has reached over 5.5 million, a 62% increase over the last decade. This growth is significantly higher than the global average
As Disney’s ESPN stands at a crossroads, it is essential to acknowledge the challenges that the network is currently facing. With the shift in consumer behavior away from traditional cable TV subscriptions, ESPN’s reliance on increasing cable subscription fees for revenue growth is no longer sustainable. The erosion of this business model, coupled with the
Artificial intelligence is no longer just a concept of the future, but a reality infiltrating various industries, including the housing space. One such example is ICON’s Vitruvius program, which aims to revolutionize the way consumers design custom homes online. By incorporating AI into the architectural design process, ICON is pushing the boundaries of automation and
Recent data from the National Association of Home Builders/Wells Fargo Housing Market Index shows that U.S. homebuilders are feeling more optimistic about the housing market. The index rose by 3 points in March to reach a level of 51, the highest since last summer. This increase marks the fourth consecutive month of improvement in sentiment,
Dick’s Sporting Goods recently announced a 10% increase in its dividend as the company celebrated its largest sales quarter in its history. This news was met with excitement from investors, causing the company’s shares to surge more than 15% in intraday trading. CEO Lauren Hobart attributed Dick’s sales growth to an increase in average ticket
In a surprising move, Petco announced on Wednesday that CEO Ron Coughlin is stepping down from his position. The company revealed that board member and Best Buy executive R. Michael Mohan will be taking over as interim chief executive while the search for a permanent replacement is ongoing. Coughlin will remain with the company as
In a year where the global toy industry saw a decline in sales by 7%, the Denmark-based Lego company managed to grow its sales by 2%. This resilient performance amidst a challenging economic environment characterized by rising inflation and increased credit card debt is a testament to the company’s strength and strategic adaptability. Despite the
At the age of 16, Jessica Berman already had her sights set on a career in professional sports leadership. Fast forward almost three decades later, and she is now the commissioner of the National Women’s Soccer League (NWSL). Coming from a background in labor and employment law, Berman made significant strides in her career, working
