This Christmas, Netflix celebrated an unprecedented milestone by securing the highest viewership numbers for NFL games ever recorded in the United States, as reported by Nielsen. On December 25th, nearly 65 million Americans tuned in to watch two thrilling matchups that the streaming giant held exclusive rights to broadcast. This remarkable achievement highlights not just
Business
In a significant legal maneuver, a coalition of major banks and business organizations has filed a lawsuit against the Federal Reserve, questioning the legitimacy and transparency surrounding the annual stress testing process. As represented by the Bank Policy Institute (BPI), which includes financial giants like JPMorgan, Citigroup, and Goldman Sachs, this coalition also comprises key
Nordstrom, the iconic American retailer known for its upscale offerings, has taken a significant step in reshaping its corporate landscape. The company recently came to an agreement to go private in a deal worth approximately $6.25 billion, led by the Nordstrom family’s founding members and Mexican retailer El Puerto de Liverpool. With this transaction approved
As the holiday season approaches, tensions are simmering between Starbucks and its baristas, with workers in cities like Los Angeles, Chicago, and Seattle initiating strikes that extend through Christmas Eve. The union representing these workers, Starbucks Workers United, has expressed frustration over what they describe as the company’s retreat from previously established commitments. This escalating
In the realm of collegiate athletics, the numbers are staggering—billions of dollars flow in from ticket sales, merchandise, broadcasting rights, and sponsorships. As private investors eye these lucrative programs, the question arises: how are these college sports programs evaluated in terms of worth? CNBC recently undertook the task of quantifying the value of college athletic
In a notable shift in strategy, Stellantis has announced a postponement of the all-electric Ram pickup, now slated for release in 2026, marking a full year later than originally planned. This decision highlights the broader challenges faced by the automotive industry, particularly in navigating the slow adoption rates of electric vehicles (EVs). As traditional automakers
The food delivery service industry has always been a realm of rapid growth and intense scrutiny. Recently, Grubhub, a leading player in this market, made headlines when it agreed to pay $25 million to settle allegations brought forth by the Federal Trade Commission (FTC) and the Illinois Attorney General. This settlement, however, is only the
In recent years, the trend of family offices directly investing in private companies has gained significant traction. However, a fresh examination of their approach reveals a cautionary tale about potential risks and lapses in effectiveness. The latest findings from the 2024 Wharton Family Office Survey shed light on a paradox: while family offices are venturing
The U.S. health care landscape finds itself at a critical juncture following the tragic loss of Brian Thompson, CEO of UnitedHealthcare, the largest private insurer in America. His untimely death, reportedly stemming from a violent confrontation in Manhattan, has ignited an urgent dialogue about the systemic flaws within the health care system. Andrew Witty, CEO
On a significant date in the financial landscape, the Consumer Financial Protection Bureau (CFPB) unveiled a final rule aimed squarely at reducing the burdensome overdraft fees that have long plagued American bank customers. This new regulation, as stated by CFPB officials, is expected to save consumers an impressive $5 billion each year—a substantial relief for