Boeing, the embattled aerospace giant, is undergoing a significant management shake-up with CEO Dave Calhoun’s announcement of stepping down at the end of 2024. Alongside Calhoun, Chairman of the board Larry Kellner is also resigning, with Steve Mollenkopf set to succeed him. Mollenkopf, a Boeing director since 2020 and former CEO of Qualcomm, will lead
Business
The recent 2024 USA Wealth Report from Henley & Partners and New World Wealth has shown a significant shift in the distribution of millionaires and billionaires. It has been reported that the United States has rapidly surpassed China as the world’s top spot for high-net-worth individuals. The report indicates that there are now over 5.5
Disney’s ESPN, a powerhouse in the sports broadcasting industry for over four decades, is facing a major turning point. The network, which has historically thrived on increasing cable subscription fees, is now at risk due to the decline in traditional cable TV subscriptions. In recent years, millions of Americans have cut the cord, leading to
Sotheby’s, a renowned auction house, is tapping into the increasing demand for sports memorabilia by launching its first-ever “Sports Week.” This initiative aims to attract a younger demographic and capitalize on the booming interest in athletic collectibles. The sports collectibles market is experiencing significant growth, with a valuation of $26.1 billion globally in 2021, as
The integration of artificial intelligence into the world of architecture is rapidly changing the way we design and build homes. One notable example is Vitruvius, an AI program developed by ICON, which aims to streamline the process of home design for consumers. This innovative technology not only makes the process faster and more cost-effective but
The sentiment among U.S. homebuilders has seen a positive uptick, reaching its highest level since last summer. Despite stubbornly high mortgage rates, homebuilder confidence rose by 3 points in March to 51 on the National Association of Home Builders/Wells Fargo Housing Market Index. This marks the fourth consecutive month of gains, with sentiment moving into
Dick’s Sporting Goods recently announced a 10% increase in its dividend, alongside the company’s largest sales quarter in history. The CEO, Lauren Hobart, highlighted the growth in sales, attributing it to an increase in the average ticket size, whether through higher prices or more expensive items. Despite the absence of a 53rd week in fiscal
Petco recently announced that CEO Ron Coughlin will be stepping down from his position. In his place, board member and Best Buy executive R. Michael Mohan will be taking over as interim CEO while the company searches for a permanent replacement. Coughlin will continue to support the leadership transition as an advisor to the board.
In a time when the global toy industry experienced a 7% decline in sales, the Denmark-based Lego company managed to grow its sales by 2% in 2023. This is a remarkable feat considering the challenging economic conditions that prevailed during the year. The pandemic-era gains that propelled exponential growth in the toy industry seemed to
Jessica Berman, the commissioner of the National Women’s Soccer League, has made significant strides in revolutionizing women’s sports. Drawing from her experience as a labor and employment lawyer, Berman has navigated the league through turbulent times, implementing vital changes to ensure the safety and success of all involved. Upon assuming her role as commissioner, Berman