In recent years, the financial dynamics of college athletics have transformed dramatically, with major programs raking in billions of dollars annually. The increasing interest of private investors highlights a critical question: what truly is the worth of a college sports program? This inquiry has garnered significant attention from various stakeholders, particularly as private equity firms
Business
As we look ahead to 2025, projections suggest a remarkable resurgence in U.S. vehicle sales, marking the highest levels since pre-pandemic times in 2019. Industry analysts anticipate new light-duty vehicle sales reaching approximately 16.3 million units, a modest increase from the 15.9 million to 16 million range expected in the current year. Reports from Cox
In a significant move signaling rising tensions, Starbucks Workers United announced that an overwhelming 98% of union baristas voted to authorize a strike in a quest for a fair contract with the coffee powerhouse. This development underscores a pivotal moment in labor relations as negotiations gear up for what stakeholders hope will be a “foundational
In an impressive development for women’s professional basketball, Unrivaled recently announced the successful completion of its Series A funding, securing an additional $28 million prior to its inaugural season set to kick off on January 17, 2024. This significant influx of capital builds on the $7 million already raised in the initial seed round announced
The airline industry is seeing a notable shift in passenger behavior as travel patterns evolve following the pandemic. Accessibility and affordability once dictated air travel choices, but now, many travelers are opting for premium experiences over cheap seats. With a growing appetite for comfort and space, people are increasingly willing to pay extra for airline
The recent passing of Brian Thompson, CEO of UnitedHealthcare, marks a significant moment for the healthcare industry, drawing attention to both personal loss and systemic failures. UnitedHealth Group’s CEO, Andrew Witty, expressed his sorrow in a poignant New York Times opinion piece, shedding light on the inherent issues plaguing the U.S. healthcare system. Witty emphasized
On a notable Thursday, Costco Wholesale Corporation surpassed Wall Street expectations for both earnings and revenue in its fiscal first quarter, illustrating the company’s adept maneuvering amid fluctuating economic conditions. For the three-month period ending November 24, Costco reported earnings per share of $4.04, exceeding predictions of $3.79, with total revenue arriving at $62.15 billion—slightly
In a significant move that underscores the changing dynamics of the media industry, Warner Bros. Discovery has revealed a restructuring initiative aimed at segregating its operations into distinct linear and streaming units. This reshuffle not only signifies an adaptation to evolving consumer preferences but also positions the company for potential future mergers and acquisitions. By
In a significant move aimed at protecting consumers, the Consumer Financial Protection Bureau (CFPB) has unveiled a new rule that places strict limitations on overdraft fees imposed by banks. This action comes in the wake of increased scrutiny regarding financial institutions’ practices that many argue have unjustly drained the savings of American citizens. With projections
The emergence of the Unrivaled basketball league represents a pivotal moment not only for women’s sports but also for a brand like Under Armour, striving to regain its foothold in the competitive athletic apparel market. The league aims to provide a dedicated platform for female athletes, particularly WNBA players, who historically had limited options for