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Category Archives: Uncategorized

Former Disney CEO Bob Chapek breaks silence, says there’s no strategic need for ESPN partners

Former Disney CEO Bob Chapek spoke to CNBC about ESPN and its future in his first public comments since his 2022 firing.

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Medicare can now cover certain weight loss drugs in a big step for patients

Medicare patients can soon get coverage for Novo Nordisk’s Wegovy as long as it is prescribed to reduce their risk of heart attacks and strokes.

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Nike shares slide on lackluster outlook, slowing China sales

Nike is in the midst of a broad restructuring to cut costs by about $2 billion over the next three years as consumer demand remains […]

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Lululemon shares plunge 16% on weak guidance, slowing North America growth

Lululemon raised its holiday sales guidance in January after it saw sales trends come in “balanced across channels, categories, and geographies.”

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Fanatics fires back at DraftKings’ claims of corporate espionage in bitter legal battle

In a legal battle over VIP bettors, Fanatics accuses DraftKings of creating a culture of retribution. DraftKings accuses Fanatics of corporate espionage.

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NBC’s Paris Olympics opening ceremony will play on IMAX screens

NBC’s live coverage of the 2024 Paris Olympics opening ceremony on July 26 will play on more than 150 IMAX screens in the U.S.

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ESPN’s model is eroding. Past and present execs are split on how it can protect its dominance

CNBC spoke with ESPN chief Jimmy Pitaro, former Disney CEO Bob Chapek, and former ESPN President John Skipper as part of a digital documentary on […]

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Why a small China-made EV has global auto execs and politicians on edge

The China-built BYD Seagull, a compact all-electric hatchback, starts at just 69,800 yuan (or less than $10,000).

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Chrysler parent Stellantis laying off 400 salaried U.S. workers due to ‘unprecedented uncertainties’

Stellantis on Friday said the layoffs would affect about 2% of employees in certain units “after rigorous organizational reviews.”

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The U.S. is the top country for millionaires and billionaires

The population of millionaires in the U.S. over the past five years has grown nearly twice as fast as China’s.

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