Back in 1989, Jerry Jones took a massive risk by purchasing the Dallas Cowboys for $150 million. At the time, the team was losing $1 million per month, and the future looked bleak. Jones had to act swiftly to turn the team’s fortunes around and make it profitable. However, with his unique vision and business
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The recent report from the Labor Department shows a decline in the number of Americans filing new applications for jobless benefits. This reduction in layoffs indicates a positive trend in the labor market, suggesting that there may not be as much deterioration as previously feared. The weekly jobless claims data is considered one of the
The proposed $14.9 billion takeover of U.S. Steel by Nippon Steel has raised national security concerns in the United States. According to a letter from the Committee on Foreign Investment in the U.S. (CFIUS), the deal could potentially harm the supply of steel needed for critical sectors such as transportation, infrastructure, construction, and agriculture. The
Pepsi recently launched a new advertising campaign titled “Make Your Gameday Epic,” featuring the song “We Will Rock You” by Queen and starring Megan Thee Stallion. The campaign is tied to the upcoming Paramount sequel Gladiator II and aims to kick off the new NFL season in style. The TV spot features NFL superstars such
C3.ai experienced a significant 19.2% drop in its stock price due to weaker-than-expected subscription revenue in the company’s fiscal first quarter. The company’s top-line revenue came in at $73.5 million, falling short of analysts’ expectations of $79.2 million. This indicates potential challenges in acquiring new customers or retaining existing ones, leading to concerns among investors
Amazon, the e-commerce giant, is facing scrutiny over its relationship with contracted delivery drivers. According to a regional director for the National Labor Relations Board (NLRB), Amazon should be considered a “joint employer” of some of its contracted delivery drivers. This determination came after the NLRB reviewed two unfair labor practice charges filed in January,
Stocks @ Night is a renowned daily newsletter that provides insights into the stock market after hours. It offers a unique perspective on what to expect in the upcoming trading session. The tech giant, Broadcom, is set to report its earnings post-market on Thursday. This news has piqued the interest of CNBC TV’s Seema Mody,
Two U.S. Consumer Product Safety Commission members, Peter Feldman and Douglas Dziak, have raised concerns about the safety practices of “foreign-owned” e-commerce platforms like Shein and Temu. These commissioners have specifically called for an investigation into the alleged sale of “deadly baby and toddler products.” This raises serious questions about the safety and compliance controls
Molson Coors recently announced significant changes to its diversity, equity, and inclusion policies, following in the footsteps of several other companies. In an internal memo obtained by CNBC, the company revealed its decision to eliminate supplier diversity quotas. The executives at Molson Coors expressed that these quotas can be complex and influenced by external factors
The first weekend of previews for The Roommate, featuring Patti LuPone and Mia Farrow, was a major success at the Booth Theatre. The play exceeded the theater’s capacity by playing to over 100% and brought in an impressive $315,873 for just four previews. The play, which explores the budding relationship between two vastly different women,