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
Business
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
The landscape of cannabis consumption has evolved dramatically over the last few years, with licensed dispensaries popping up in high-end shopping districts like Fifth Avenue in New York City. The legalization of adult-use marijuana in New York state has paved the way for a surge in legal cannabis sales, surpassing $100 million in the previous
The Food and Drug Administration recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This move allows Novavax’s vaccine to join the competition with Pfizer and Moderna’s vaccines in the upcoming fall and winter seasons. Novavax’s vaccine is designed to target the omicron subvariant JN.1, which has been
Best Buy recently announced that they have raised their fiscal-year profit guidance after surpassing both earnings and revenue expectations for the latest quarter. The company now projects full-year adjusted earnings per share to be in the range of $6.10 to $6.35, which is an increase from the previous range of $5.75 to $6.20. However, they
The toy industry faced an inflation-driven sales slowdown in the first half of 2024, but Lego managed to defy the odds by experiencing a 13% increase in revenue, amounting to 31 billion Danish krone or approximately $4.65 billion. The CEO of Lego, Niels Christiansen, attributed this success to the company’s strength across its portfolio, particularly
