The ownership structure of the Green Bay Packers sets them apart from all other teams in the National Football League. With a structure that resembles a publicly traded company, the Packers have a long history of being owned by stockholders, many of whom are die-hard fans of the team. This unique arrangement has been in
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When Jerry Jones took over the Dallas Cowboys in 1989, the team was facing financial strife, losing a significant amount of money each month. Jones, an oilman, borrowed heavily to purchase the team and was faced with the challenge of turning the franchise around. Despite the initial obstacles, Jones managed to transform the Cowboys into
Molson Coors recently announced a significant shift in its diversity, equity, and inclusion policies, joining a growing number of companies in the process. The decision to eliminate supplier diversity quotas was revealed in an internal memo, which cited the complexity and external factors that influence such quotas. While the company will no longer set specific
Steph Curry, a four-time NBA Champion, is not only focused on his basketball career but also on his future after retirement. In a recent interview with CNBC’s “Squawk on the Street,” the 10-time NBA All-Star discussed his plans for his post-playing career. Despite being 36 years old, Curry is already laying the groundwork for his
The surge in restaurant bankruptcy filings during the past year is a stark reflection of the broader rise in corporate bankruptcies across various sectors. The impact of the ongoing Covid-19 pandemic has been particularly devastating for the restaurant industry, with at least 10 restaurant chains already filing for bankruptcy in 2024 alone. The increase in
New York City’s iconic Fifth Avenue, known for its luxury retailers, has now embraced a new addition – cannabis dispensaries. With the legalization of adult-use marijuana in New York state three and a half years ago, licensed cannabis sales have soared, surpassing $100 million in the last year alone. The luxury market is now witnessing
Amid the ongoing Covid-19 pandemic, the Food and Drug Administration has recently given the green light for Novavax’s updated protein-based vaccine for emergency use in individuals aged 12 and above. This development opens up avenues for Novavax to directly compete with the likes of Pfizer and Moderna in the upcoming fall and winter seasons. Unlike
Best Buy has reported a strong quarter ending August 3, exceeding both earnings and revenue expectations. The company’s net income for the quarter was $291 million, or $1.34 per share, compared to $274 million, or $1.25 per share, in the same period a year earlier. Despite a drop in net sales to $9.29 billion from
The toy industry faced a significant challenge in the first half of 2024 due to inflation, leading to a sales slump. However, amidst this turmoil, Lego stood out as a resilient player, gaining market share with its strategic initiatives. Lego’s revenue soared by 13% in the first six months of the year, amounting to 31
The number of individuals holding more than $1 million in crypto assets has seen a staggering increase of 95% over the past year. According to a report from New World Wealth and Henley & Partners, there are now 172,300 crypto millionaires worldwide, up from 88,200 the previous year. This surge in wealth can be attributed