DirecTV and Disney have reached an agreement, restoring access to Disney’s ESPN and other channels for DirecTV customers after a two-week blackout. The blackout occurred after a dispute over fees and bundle structures, which began on September 1 and affected over 11 million DirecTV customers. Key sports events, such as college football games and “Monday… Continue reading DirecTV, Disney reach deal to end blackout in time for college football

Boeing has announced a series of cost-cutting measures in response to a strike by more than 30,000 factory workers, which has halted the production of several of its aircraft models. The company has implemented a hiring freeze, restricted nonessential staff travel, and reduced supplier spending to preserve cash during the strike, which began after workers… Continue reading Boeing freezes hiring in sweeping cost cuts as it grapples with factory worker strike

Warren Buffett’s Berkshire Hathaway has continued to reduce its stake in Bank of America (BofA), selling more than $7 billion worth of shares since mid-July. The latest sale, spanning three days and totaling 5.8 million shares, brought in nearly $229 million, with an average selling price of $39.45 per share. In total, Berkshire has sold… Continue reading Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder

On Wednesday, Trump Media’s share price plunged by over 13%, marking its lowest level since the company, which owns Truth Social, began trading publicly in late March under the ticker DJT on the Nasdaq. The drop in stock price came a day after Donald Trump, the majority shareholder of the company, delivered a widely criticized… Continue reading Trump Media shares plunge after GOP nominee’s debate with Harris

Palantir shares surged 13% on Monday, reaching their highest levels since early 2021, following the announcement that the company will be added to the S&P 500. Palantir, along with Dell, will replace American Airlines and Etsy in the index. This change was disclosed by S&P Global in a press release on Friday. The addition of… Continue reading Palantir soars 13% on software vendor’s inclusion in S&P 500

Brian Niccol assumes the role of Starbucks CEO on Monday, inheriting the reins as the company grapples with declining sales and a falling stock price. Niccol, who previously turned around Chipotle Mexican Grill after a series of crises and successfully led Taco Bell, was announced as CEO in August 2023, replacing Laxman Narasimhan, who had… Continue reading Six issues Brian Niccol will have to fix at Starbucks as he takes over as CEO

The NFL is making history by hosting its first-ever game in South America, marking a significant step in the league’s efforts to expand its global presence. As the league kicks off in São Paulo, Brazil, NFL Commissioner Roger Goodell emphasized the importance of international growth, with the goal of transforming the NFL into a globally… Continue reading NFL’s games in Brazil, Europe are key to more revenue growth, Goodell says

Federal Reserve Governor Christopher Waller has expressed support for an interest rate cut at the upcoming Federal Open Market Committee (FOMC) meeting on September 17-18, signaling a shift towards easing monetary policy. Waller cited progress in moderating inflation and a weakening labor market as key reasons for this potential adjustment, stating that the time has… Continue reading Fed Governor Waller backs interest rate cut at September meeting

The disparity in value between the Los Angeles Rams and Los Angeles Chargers, both NFL teams, is stark. The Rams are valued at $8 billion, placing them second on CNBC’s 2024 NFL Team Valuations list, while the Chargers are valued at $5.83 billion, ranking 26th. This $2 billion gap is not primarily due to on-field… Continue reading Why the LA Rams are worth $2 billion more than the LA Chargers

The National Football League (NFL) has become a highly lucrative business, with the average value of its 32 franchises now at $6.5 billion, according to CNBC’s 2024 NFL Team Valuations. This represents a massive return on investment for team owners, as demonstrated by the Houston Texans, whose value has grown more than tenfold since Robert… Continue reading Rising NFL valuations mean massive returns for owners. Here’s how good the investment is

Atlanta Federal Reserve President Raphael Bostic signaled a shift in his monetary policy stance on Wednesday, indicating his readiness to begin lowering interest rates despite inflation remaining above the Fed’s target. Previously known for his hawkish approach to combat inflation through tighter policies, Bostic is now focusing more on the employment aspect of the Fed’s… Continue reading Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting

Nordstrom’s founding family, in collaboration with Mexico-based retailer El Puerto de Liverpool, has made a proposal to take the department store chain private at a price of $23 per share. This offer values the company at approximately $3.76 billion. The offer comes after a period of increased interest in the company’s stock, which has risen… Continue reading Nordstrom founders offer $23 per share to take the department store private