When Jerry Jones acquired the Dallas Cowboys in 1989, the team was in dire financial straits. Losing $1 million per month and dealing with empty seats at Texas Stadium, Jones was forced to take bold and decisive actions to turn the franchise around. To make the Dallas Cowboys profitable, Jones wasted no time in implementing
Business
Molson Coors, a well-known brewing company, recently made headlines for its decision to reverse its diversity, equity, and inclusion (DEI) policies. The company announced that it will be eliminating supplier diversity quotas, citing them as “complicated and influenced by factors outside of [the company’s] control.” This move raises questions about the company’s commitment to promoting
Steph Curry, known for his incredible basketball skills and sharpshooting abilities, is already planning for his future beyond the court. In a recent interview with CNBC, the 10-time NBA All-Star discussed his various business ventures and goals for life after basketball. Curry, who is the proud owner of a media company called Unanimous Media and
The year 2024 has been a challenging year for the restaurant industry, with several notable chains filing for bankruptcy. One of the prominent reasons behind this surge in bankruptcies is the shift in consumer behavior due to the ongoing pandemic. With diners pulling back on their spending and preferring other options such as food delivery
Cannabis consumption has been undergoing a significant transformation, with luxury markets now embracing the trend. Gone are the days of hidden dispensaries in shady alleys; upscale consumers can now purchase marijuana joints alongside Cartier jewelry and Saks threads on Fifth Avenue in New York. Since the legalization of adult-use marijuana in New York state, licensed
The Food and Drug Administration has given the green light for Novavax’s updated protein-based Covid vaccine to be used for emergency purposes in individuals aged 12 and above. This decision opens up the opportunity for Novavax’s vaccine to compete with the well-known jabs from Pfizer and Moderna during the upcoming fall and winter seasons. Novavax’s
Best Buy recently announced that it exceeded earnings and revenue expectations for the most recent quarter, leading to an increase in its fiscal-year profit guidance. The retailer now anticipates full-year adjusted earnings per share to fall within the range of $6.10 to $6.35. This is a significant increase from the previous range of $5.75 to
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
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