After the successful hosting of the 2024 Olympics and Paralympics in Paris, Los Angeles is gearing up to welcome the world for the 2028 Summer Games. Key stakeholders have expressed confidence in the city’s ability to meet the high standards set by the previous host city. Los Angeles Mayor Karen Bass highlighted the preparations underway
Business
The sales of ultra-luxury homes have experienced a significant surge in certain U.S. markets, such as New York, Miami, and Palm Beach, Florida, during the second quarter of the year. According to a recent report by real estate firm Knight Frank, the number of homes sold for $10 million or more increased by 44% in
Big Lots, a discount home goods retailer known for its bargain prices, recently filed for bankruptcy protection due to a combination of high interest rates and a slow housing market causing a decline in demand for its products. This financial turmoil led the company to agree to sell its business to private equity firm Nexus
Boeing’s Starliner capsule, named “Calypso”, recently completed its journey back to Earth, but the return was far from smooth sailing. Originally scheduled to depart the International Space Station months ago, the spacecraft finally undocked without the two astronauts it brought to orbit in early June. The return flight was supposed to be the final step
The Green Bay Packers stand out among National Football League teams due to their unconventional ownership structure. Unlike the typical model of privately owned teams, the Packers operate as a publicly owned entity. This unique setup dates back over a century and has resulted in the team being solely owned by stockholders, the majority of
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
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