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
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Steph Curry, a four-time NBA Champion, is already looking towards his future after basketball. In a recent interview with CNBC, the 10-time NBA All-Star discussed his plans for the remainder of his basketball career and his aspirations for the future. Curry, who is 36 years old, has already established a media company called Unanimous Media,
The aviation industry has seen a significant shift in priorities among airlines in the wake of the pandemic. Previously focused on expanding their fleets with new aircraft, many carriers are now deferring deliveries and cutting back on growth plans to save money and return to profitability. This change in strategy is particularly evident among cash-strapped
The landscape of cannabis consumption in New York has undergone a significant transformation in recent years, with the legalization of adult-use marijuana opening up new opportunities for retailers. Amidst the upscale boutiques and designer stores that line Fifth Avenue, a new dispensary has emerged, offering a range of premium cannabis products to shoppers. This shift
The Food and Drug Administration recently gave its approval for Novavax’s updated protein-based Covid vaccine, allowing for emergency use in individuals aged 12 and over. This move opens up the competition in the market, pitting Novavax against the well-known Pfizer and Moderna vaccines this coming fall and winter. Novavax’s vaccine is specifically designed to target
American Eagle reported missing Wall Street’s sales targets for the second consecutive quarter, causing its shares to fall over 8% in early trading. However, despite the sales disappointment, the company’s profit grew significantly by almost 60% due to lower product costs. The reported net income for the three-month period was $77.3 million, or 39 cents
In the midst of an inflation-fueled sales slump hitting the toy industry in 2024, Lego stands out as a beacon of success. The Danish toymaker reported a 13% increase in revenue during the first six months of the year, reaching 31 billion Danish krone, or approximately $4.65 billion. This growth can be attributed to the
The world has seen a staggering 95% increase in the population of crypto millionaires over the past year. This surge is directly tied to the rise in popularity of bitcoin exchange-traded funds and other crypto assets. According to a report by New World Wealth and Henley & Partners, there are now 172,300 individuals globally who
Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting the upcoming NBA season, but they may be in for a change when it comes to watching their favorite teams play. Both franchises are parting ways with their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing.
Restaurants across the United States have increasingly turned to surcharges and fees as a way to offset rising costs and ensure fair compensation for their employees. According to data from the National Restaurant Association, 15% of restaurant owners implemented surcharges or fees due to higher costs. In addition, the use of service fees has more