The United States has rapidly exceeded China as the top destination for millionaires and billionaires worldwide, according to a recent report. Over the past decade, the number of Americans with liquid investible assets exceeding $1 million has soared by 62%, surpassing the global growth rate of 38%. In the last five years alone, the millionaire
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Over the past four decades, ESPN has experienced tremendous growth, primarily fueled by increasing cable subscription fees. However, the landscape is changing rapidly, with millions of Americans cutting the cord on traditional cable TV packages. This shift has raised concerns about ESPN’s future profitability and sustainability in an era of fragmented media consumption. To adapt
Bob Chapek, the former CEO of Disney, has recently made controversial comments regarding the future of ESPN under his leadership. His remarks, while divisive, shed light on the strategic decision-making process that the company is currently undergoing. Chapek’s reluctance to bring on minority partners for ESPN is a bold move, considering the potential benefits of
Sotheby’s is tapping into the expanding market for sports memorabilia by introducing its inaugural “Sports Week.” With six live and online auctions scheduled to commence on April 4, the esteemed auction house aims to cater to the increasing demand for sports collectibles while also attracting a younger audience. The head of Streetwear & Modern Collectibles
JetBlue Airways recently made the decision to cut a number of routes in an effort to streamline operations and improve financial performance. The airline reduced its departures from Los Angeles International Airport, focusing on profitable transcontinental routes that include its Mint business class cabin. This move comes in the wake of a failed attempt to
Legendary filmmaker George Lucas has thrown his weight behind Walt Disney CEO Bob Iger in the ongoing proxy battle with activist investor Nelson Peltz. Lucas, known for creating iconic franchises like “Star Wars” and “Indiana Jones,” is the largest individual shareholder in Disney after receiving 37.1 million Disney shares as part of the Lucasfilm acquisition
Bentley Motors, a renowned British luxury carmaker, has decided to delay its plans to offer exclusively all-electric vehicles by the end of the decade. The company’s CEO, Adrian Hallmark, attributes this shift to changing market conditions and a setback in the development of its first electric vehicle (EV). Despite this delay, Bentley remains committed to
United Airlines CEO, Scott Kirby, took to addressing the growing safety concerns among customers following a series of flight problems in recent weeks. One such incident involved a tire falling from a Japan-bound Boeing 777 shortly after takeoff, causing damage to cars in a San Francisco airport parking lot. Additionally, a missing panel was discovered
SpaceX recently launched the third test flight of its Starship rocket, marking a significant milestone in the development of this mammoth vehicle. The company, led by Elon Musk, aims to push the boundaries of space exploration with this ambitious project. The rocket took off from the Starbase facility near Boca Chica, Texas, and reached space,
The recent announcement of Petco’s CEO, Ron Coughlin, stepping down and being replaced by R. Michael Mohan as the interim chief executive has raised eyebrows in the industry. While Coughlin expressed pride in his work over the last five years, highlighting the company’s growth and change during his tenure, the sudden change in leadership indicates
