The business of the NBA continues to flourish. As more revenue flows into the NBA from ticket sales, TV contracts and merchandise, player salaries have spiked. The NBA has seen its revenue quadruple to $10 billion over the past 20 years, according to Statista, and during that time the average player salary jumped to $3.9 … Read more
Walt Disney Co. offered investors their first glimpse at ESPN’s financials Wednesday with disclosures that struck one analyst as a “relief.” ESPN generated $12.6 billion in revenue during the nine months that ran through July 1, up from $12.3 billion in the comparable period a year before. The business brought in $1.9 billion in operating … Read more
Are you and your adviser communicating effectively? Getty Images/iStockphoto Question: I need to find out if the adviser I have had for the past two years is making the best decisions. Are everyone else’s investments not moving in a more positive direction? I started with $224K in December 2021 and now I’m at $195K in … Read more
Published: Sept. 7, 2023 at 7:38 a.m. ET Shares of Summit Materials Inc. SUM rallied 2.4% in premarket trading Thursday, after the cement maker announced an agreement to combine with Argos North America Corp. (Argos USA), the U.S. operations of Colombia-based Cementos Argos S.A. CMTOY CO:CEMARGOS in a cash and stock deal valued at about … Read more
Published: Sept. 4, 2023 at 1:26 a.m. ET By Adria Calatayud Nestle said it has sold its Palforzia peanut-allergy treatment business to biopharmaceutical company Stallergenes Greer. The Swiss consumer-goods company said Monday that it will receive milestone payments and royalties from Stallergenes Greer. The deal was closed upon signing, Nestle said. The… By Adria Calatayud … Read more
Who knew getting a good night’s sleep each night was this important? Poor sleep quality turns out to be the one of the biggest risk factors for ending up in a nursing home, according to new research conducted among over 125,000 senior citizens in Australia. Those who got a good night’s sleep — defined as … Read more
Online retail giant Amazon.com Inc.’s AMZN second-quarter results and third-quarter forecast sales last week were a bet that more consumers would start buying more things, but Wall Street’s expectations for the third quarter overall have only grown dimmer. With most of the 500 companies that make up the S&P 500 Index SPX already through the … Read more