The latest report from real estate firm Knight Frank has revealed a significant surge in ultra-luxury home sales in some of the top markets in the United States. While many regions around the world saw a decline in sales of $10 million-plus homes, areas such as New York, Miami, and Palm Beach, Florida experienced a
Business
Big Lots, a discount home goods retailer, has recently filed for bankruptcy protection due to a combination of high interest rates and a sluggish housing market. This has led to a decrease in demand for its affordable furniture and decor items. The company has agreed to sell its business to private equity firm Nexus Capital
Boeing’s Starliner recently undocked from the International Space Station, marking the end of a test flight that was full of delays and unexpected twists. The spacecraft departed without the two astronauts it initially delivered to orbit in June, as Butch Wilmore and Suni Williams will remain at the ISS until February, returning to Earth aboard
The Green Bay Packers, a team valued at $6.3 billion, have a distinct ownership structure that sets them apart from all other National Football League franchises. Unlike traditional NFL teams that are privately owned by individuals or families, the Packers are the only team in the league with a publicly owned ownership model. This ownership
When Jerry Jones assumed ownership of the Dallas Cowboys in 1989, he faced a daunting challenge. The team was hemorrhaging money, struggling to fill seats at Texas Stadium, and mired in mediocrity on the field. However, Jones, armed with a visionary mindset and a relentless drive, quickly turned the franchise around. Over the course of
Molson Coors has joined the ranks of companies that are reversing their diversity, equity, and inclusion policies. In an internal memo obtained by CNBC, executives at Molson Coors announced that the company will be eliminating supplier diversity quotas. They cited the complexity of these quotas and stated that they can be influenced by factors beyond
Steph Curry, the renowned NBA player, is already making plans for his post-basketball career. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his aspirations beyond the basketball court. Despite being a 10-time NBA All-Star and a four-time NBA champion, Curry is looking towards the next phase of his life. Apart from
In 2024, the restaurant industry has been grappling with a surge in bankruptcy filings, reflecting a wider escalation in corporate bankruptcies across various sectors. At least 10 restaurant chains have filed for bankruptcy this year alone, and this trend is showing no signs of slowing down. August saw three Chapter 11 filings from prominent eateries,
The cannabis consumption landscape has undergone a significant transformation, with the emergence of luxury cannabis shops on Fifth Avenue in New York City. These high-end dispensaries now offer a wide range of premium cannabis products alongside the traditional luxury brands that line the iconic shopping stretch. With the legalization of adult-use marijuana in New York
Novavax recently received authorization from the Food and Drug Administration for their updated protein-based Covid vaccine, targeting the highly contagious omicron subvariant JN.1. This approval opens the door for Novavax to compete with Pfizer and Moderna’s mRNA vaccines in the upcoming fall and winter seasons. Unlike Pfizer and Moderna, Novavax’s vaccine is protein-based, which means