In the midst of an inflation-fueled sales slump in the toy industry, one company has managed to defy the odds and gain market share – Lego. With a remarkable 13% jump in revenue in the first half of 2024, reaching 31 billion Danish krone, or about $4.65 billion, Lego’s CEO, Niels Christiansen, attributes this success
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The phenomenal growth of the cryptocurrency market has led to a significant increase in the number of crypto millionaires worldwide. According to a recent report from New World Wealth and Henley & Partners, there are now 172,300 individuals holding more than $1 million in crypto assets, a staggering 95% increase from the previous year. This
The Dallas Mavericks and New Orleans Pelicans are among the latest NBA teams looking for new ways to broadcast their local games. With the upcoming NBA season just around the corner, both teams are stepping away from their regional sports networks owned by Diamond Sports. This significant move comes as part of a Friday bankruptcy
The recent auction sales during Monterey Car Week saw a decline of 3% from the previous year, signaling a shift in preference from older classic cars to newer models. This change left a surplus of unsold classics from the 1950s and 1960s, indicating a changing trend in the market. Total sales at the five car
The future of Paramount Global is currently hanging in the balance as competing offers are being considered. The special committee of Paramount has extended the “go shop” period of its merger agreement with Skydance by 15 days to review a newly proposed offer from Edgar Bronfman Jr. Bronfman initially offered $4.3 billion for National Amusements,
Ford Motor’s recent announcement about delaying the production of a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV signifies a significant shift in the company’s electric vehicle strategy. Instead, Ford will now focus on developing hybrid models and electric commercial vehicles to ensure a capital-efficient and profitable electric vehicle business. The
Alaska Airlines has reached a significant milestone in its plan to acquire Hawaiian Airlines, as the U.S. Justice Department has cleared the deal after the completion of an antitrust investigation. The $1.9 billion agreement for the merger of the two carriers was announced eight months ago, and now they await approval from the U.S. Transportation
In a recent move to tackle the growing issue of retail crime in California, Gov. Gavin Newsom has signed 10 new bills into law. These laws are targeted at various aspects of retail crime, including shoplifting, theft from vehicles, organized theft, and the resale of stolen goods on online marketplaces. Retailers have been advocating for
Starbucks, the popular coffee giant, is facing significant challenges with its operational issues, particularly in handling a large volume of mobile orders. As incoming CEO Brian Niccol prepares to take on the role on Sept. 9, he will need to address the ongoing struggles faced by the company to turnaround its lagging sales. With mobile
SpaceX is gearing up to launch its highly anticipated private mission, Polaris Dawn, at the end of the month. This mission marks a significant milestone in the realm of space exploration as it includes the first-ever spacewalk attempt by a private venture. The brainchild of billionaire and Shift4 founder Jared Isaacman, the Polaris Dawn mission