Christmas Day 2023 emerged as a remarkable occasion for streaming services, particularly Netflix, which set an unprecedented record for NFL game viewership in the United States. According to Nielsen metrics, two exclusive matchups aired on the platform garnered nearly 65 million viewers, illuminating the power of strategic partnerships in sports broadcasting. This event not only
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A coalition of financial institutions and industry advocates has initiated a lawsuit against the Federal Reserve over its controversial annual bank stress testing procedures. The litigation, spearheaded by the Bank Policy Institute (BPI) alongside prominent members like JPMorgan Chase, Citigroup, and Goldman Sachs, underscores rising frustrations with the current methodology employed by the Fed. The
In a significant move, Nordstrom has announced its transition to a private entity after agreeing to a notable buyout deal estimated at approximately $6.25 billion. This agreement marks a pivotal moment for the retailer, with the founding Nordstrom family and Mexican department store El Puerto de Liverpool stepping into the spotlight. The decision, ratified unanimously
As Christmas approaches, tensions between Starbucks baristas and the company are reaching a boiling point. Workers in key locations, including Los Angeles, Chicago, and Seattle, have initiated a series of strikes, which are set to escalate daily and encompass additional markets. This labor action, spearheaded by Starbucks Workers United, is primarily a response to the
As college sports continue to evolve, they attract unprecedented financial interest from private investors. With an estimated revenue generation of billions of dollars annually, the allure of college athletic programs is undeniable. This burgeoning interest raises an insightful question: how exactly do we quantify the value of these sports programs? The recent critical study by
In a surprising shift, Stellantis has announced the postponement of the all-electric Ram pickup model, pushing its launch from 2025 to 2026. This decision underscores the automaker’s realization that the expected rate of electric vehicle (EV) adoption has not materialized as swiftly as anticipated. Compounding this, many of Stellantis’s competitors have grappled with profitability in
In an alarming development for consumers and industry stakeholders, Grubhub has agreed to pay a $25 million settlement following a lawsuit brought forth by the Federal Trade Commission (FTC) and Illinois Attorney General Kwame Raoul. The legal action stems from allegations of deceptive practices that have purportedly harmed diners, workers, and small businesses alike. This
In recent years, family offices have increasingly shifted towards direct investments in private companies, abandoning the traditional reliance on private equity managers. This trend has emerged prominently in the findings of the 2024 Wharton Family Office Survey, revealing a significant rise in capital allocation to direct deals. Many family offices view this strategy as a
The recent loss of Brian Thompson, the CEO of UnitedHealthcare, marks not just the death of a prominent figure in health insurance, but also highlights the systemic issues plaguing the U.S. health-care system. In his heartfelt tribute, Andrew Witty, the CEO of UnitedHealth Group, expressed profound sorrow while simultaneously acknowledging the pervasive flaws in the
In a landmark decision, the Consumer Financial Protection Bureau (CFPB) has put forth a final rule aimed at significantly curtailing the overdraft fees that banks typically impose on their customers. This regulation is poised to reshape the banking landscape for millions of American consumers, potentially yielding annual savings of up to $5 billion. Overdraft fees