The United States has quickly surpassed China to become the world’s leading hub for millionaires and billionaires, according to the latest report. There are now over 5.5 million Americans with liquid investible assets exceeding $1 million, representing a 62% increase over the past decade. This growth far outpaces the global average of 38%, as stated
Business
For over four decades, ESPN has dominated the sports broadcasting industry by steadily increasing its revenue through cable subscription fees. Initially charging less than $1 per month per subscriber in the 1980s, the network’s monthly carriage fee climbed to $9.42 per subscriber by 2023. However, with the rise of cord-cutting in recent years, where millions
Sotheby’s, the renowned auction house, has recently announced its inaugural “Sports Week” in response to the rising demand for sports memorabilia and aims to attract a younger audience. This new venture includes six live and online auctions featuring items from some of the biggest names in sports. The auctions are set to commence on April
Artificial intelligence is revolutionizing the housing industry, particularly in the field of architecture. ICON, a pioneer in 3D-printed housing developments, has introduced Vitruvius, an AI program designed to assist consumers in designing custom homes online. This innovative technology aims to streamline the design process, making it more affordable and efficient for users. According to Jason
The latest data shows that U.S. homebuilders are feeling increasingly confident about the state of their businesses. This confidence has been steadily increasing for the past four months, with sentiment hitting its highest level since July. Despite persistent high mortgage rates, homebuilders are seeing better demand, leading to this positive shift in sentiment. One of
Dick’s Sporting Goods recently announced a 10% increase in its dividend as it revealed its largest sales quarter in company history. The CEO, Lauren Hobart, attributed this sales growth to higher ticket items, whether through increased prices or more expensive products. Despite flat transactions, the company managed to break records during its fiscal fourth quarter
The recent announcement from Petco about CEO Ron Coughlin stepping down has sent shockwaves through the industry. Board member and Best Buy executive R. Michael Mohan will be taking over as interim chief executive while the company searches for a permanent replacement. This move comes as Coughlin will transition to serving as an advisor to
The Lego company managed to grow its sales by 2% last year, standing out in a global toy industry that saw a significant decline of 7%. Despite the challenges posed by rising inflation and increased credit card debt, Lego posted resilient sales with revenue reaching 65.9 billion Danish krone, equivalent to around $9.65 billion. CEO
Jessica Berman’s journey to becoming the commissioner of the National Women’s Soccer League was far from easy. She stepped into the role at a time when the league was facing allegations of emotional abuse and sexual misconduct, putting her in the position of having to turn around an organization in crisis. This required not only
The financial landscape of high-net-worth individuals has seen a significant shift in recent years, with the number of family offices worldwide tripling since 2019. According to a report from Preqin, there are now over 4,500 family offices globally, with North America leading the way with 1,682 family offices. The total assets managed by family offices