DraftKings, a prominent sports gambling company, faced severe backlash and criticism after promoting a bet parlay offer that coincided with the 22nd anniversary of the September 11th terrorist attacks in the United States. The ill-advised offer aimed to pay out if three New York teams emerged victorious on this solemn day, tarnishing the significance of
Business
In a recent announcement, Kroger revealed that it has agreed to pay $1.2 billion to settle the majority of claims against the company regarding its alleged contribution to the opioid epidemic. This settlement, which covers claims made by U.S. states, local governments, and Native American tribes, follows similar agreements reached by other retail pharmacy chains
The technological sector is experiencing a surge of initial public offerings (IPOs), which could potentially ignite a revival in the subdued capital markets. David Solomon, the CEO of Goldman Sachs, recently spoke with CNBC’s David Faber about the forthcoming wave of tech IPOs and its potential impact on the financial landscape. With companies like Arm
The timeline for deciding the ownership fate of Hulu has undergone a significant shift, according to Comcast CEO Brian Roberts. The discussions between Comcast and Disney, originally scheduled for January 2024, are now set to take place on September 30. These talks will involve the appraisal process and have greater implications for the streaming service
Taylor Swift, the legendary pop icon, is set to achieve superhero-level success at the box office with the release of her Eras Tour concert film in domestic movie theaters this October. Since the announcement of the film’s release, tickets have been selling rapidly, prompting both big and small theaters to add additional showtimes to meet
United Auto Workers President Shawn Fain is taking a tough stance in contract negotiations with Detroit automakers, General Motors, Ford Motor, and Stellantis. Fain has made it clear that he is not afraid to initiate a strike if necessary, even if it means pulling approximately 150,000 auto workers out of factories. To emphasize their determination,
Charter Communications CEO, Chris Winfrey, is challenging the traditional pay-TV bundle model, urging media content companies to embrace a new approach. The recent blackout of Disney-owned networks on Charter’s Spectrum service has only intensified this call for change. These blackouts, which have plagued the industry for decades, typically occur due to disputes over rising fees.
In most parts of the U.S., the season of fall is associated with green tree foliage and warm temperatures. However, in the world of restaurants and retailers, fall arrives much earlier. Traditionally, Halloween candy and pumpkin spice lattes would make their annual debuts after Labor Day, marking the official start of fall. But in recent
Walmart, the retail giant, is making significant strides in its online marketplace to compete with its arch-nemesis, Amazon. With an ambition to enhance online sales and narrow the wide gap, Walmart held its inaugural Walmart Marketplace Seller Summit. The event, attended by more than 1,500 businesses selling various products on Walmart’s website, aims to attract
The Biden administration has taken a significant step towards lowering drug costs for older adults in the U.S. by unveiling a list of 10 drugs that will be subject to price negotiations between manufacturers and Medicare. This announcement marks an effort to address the increasingly burdening costs of prescription medications for Medicare Part D beneficiaries.