The National Football League is contemplating the idea of allowing minority private equity ownership for its 32 teams, with a potential ownership stake of up to 10%. Commissioner Roger Goodell discussed this possibility in an exclusive CNBC interview, emphasizing the need for the league’s policies to align with the evolving sports landscape. Goodell acknowledged the
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On Thursday, the S & P 500 and Nasdaq experienced a decline from their record highs following a softer-than-expected inflation report. The consumer price index (CPI) for June showed a decrease, signaling potentially lower interest rates in the future. This shift in economic indicators had a significant impact on investor sentiment, prompting a rotation out
The latest data on inflation trends indicates that inflation fell further in June as compared to May, thanks to lower gasoline prices and easing price pressures across various sectors of the economy. The consumer price index, which rose 3% in June from a year ago, is a key indicator of inflation and is used to
PepsiCo recently reported mixed quarterly results, causing its shares to fall by more than 1% in early trading. The company cited declining demand in North America for its drinks and snacks as a major factor contributing to its disappointing performance. PepsiCo also narrowed its revenue outlook for the full year, now expecting organic revenue growth
Pfizer has announced its plans to proceed with the development of a once-daily version of its weight loss pill, danuglipron, following positive results from an ongoing early-stage study. The company has evaluated various formulations of the drug and has identified one that exhibits the most favorable safety profile and efficacy in terms of how the
Delta Air Lines recently announced a forecast of record revenue for the third quarter of the year due to the surge in summer travel demand. Nevertheless, the forecast missed analysts’ estimates, as airlines resorted to discounting fares after expanding their flights. The growth in sales for the current quarter is expected to be up to
Housing inflation has been a persistent issue afflicting the U.S. economy, even as overall inflation rates have shown signs of declining post the peak levels witnessed during the pandemic era. The sluggish decrease in housing inflation has been a major hurdle in achieving the targeted consumer price index, as noted by economists. This phenomenon is
The U.S. Department of the Treasury and the IRS recently announced a significant achievement of collecting over $1 billion in tax debt from high-income individuals over the past year. This accomplishment comes as a result of the IRS’s plans to expand its focus on individuals earning above $1 million annually with more than $250,000 in
Sportsbooks and daily fantasy operators are gearing up for a surge in activity during the upcoming Summer Olympics in Paris, scheduled to kick off on July 26. With the legalization of sports betting gaining traction across the United States, the gaming industry is bracing for an influx of wagers, especially on sports such as basketball,
China has been making significant progress in the development and adoption of robotaxis in recent years. Companies like Baidu’s Apollo Go are leading the way in offering fully autonomous taxi rides to the public. This growing trend has caught the attention of consumers, as indicated by the increasing popularity of robotaxi experiences on social media