Nelson Peltz, after reigning for 17 years as the chair of Wendy’s, has decided to step down from his position. This change comes at a crucial time when Wendy’s sales are facing a significant decline due to low-income consumers eating out less. The burger chain has witnessed a more than 12% drop in sales this
Business
In a world where consumers are constantly seeking the easiest and most budget-friendly ways to access their favorite content, the ongoing battle between DirecTV and Disney highlights the challenges faced by traditional pay-TV companies in adapting to the changing landscape of media consumption. Millions of DirecTV customers were left in the dark as Disney’s TV
Discount home goods retailer Big Lots has recently filed for bankruptcy, citing high interest rates and a sluggish housing market as key factors contributing to its financial hardship. The company’s focus on low-priced furniture and decor has faced a decline in demand, leading to a decrease in revenue. Despite bringing in about $4.7 billion in
Boeing’s Starliner finally undocked from the International Space Station on Friday, after a lengthy delay. Originally scheduled to depart months earlier, the spacecraft left without the two astronauts it had delivered to orbit in early June. NASA test pilots Butch Wilmore and Suni Williams will remain at the ISS until February when they will return
In recent years, automakers have been making a significant comeback in advertising during the National Football League (NFL) season. With Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers leading the charge, there is a renewed focus on utilizing the NFL as a key advertising platform. This article delves into the reasons behind the
Activist investor Starboard Value has made a bold move to dissolve News Corp’s dual-class share structure, presenting a significant challenge to the Murdoch family’s control over the media giant. The push for change was initiated through a non-binding shareholder resolution, signaling Starboard’s determination to shake up the status quo. As of September, Rupert Murdoch held
The Green Bay Packers, worth $6.3 billion, stand out as the only publicly owned team in the entire National Football League. Unlike other franchises, which are typically owned by wealthy individuals or families, the Packers are owned entirely by stockholders. This unique ownership structure was established over a century ago and has remained unchanged throughout
The world of professional football is not just about touchdowns and tackles, but also about big business. CNBC’s Official NFL Team Valuations provide a unique look into the financial side of the sport, ranking teams based on their overall franchise value. Factors Driving Team Values Various factors contribute to the increase in NFL team values.
Steph Curry, a four-time NBA Champion, is already looking ahead to life after basketball. In a recent interview with CNBC’s “Squawk on the Street,” the 10-time NBA All-Star discussed his future plans, which include his various businesses and aspirations for the post-playing career phase. Curry, who is 36 years old, has delved into entrepreneurship with
In the United States, sports betting is booming with the return of football season. Industry experts project that U.S. adults will wager a staggering $35 billion on NFL games this season, representing a significant increase from last year. This surge in betting activity can be attributed to the legalization of sports betting in various states,