Investment firm JAT Capital has recently sent a blistering letter to the board of the newly rebranded Bed Bath & Beyond, accusing them of engaging in poor behavior and refusing to answer shareholders’ questions. This letter comes after a series of misdeeds perpetrated by the board, including canceling investor conferences and twisting the facts about
Business
After the unfortunate explosion during its first flight attempt, Elon Musk’s SpaceX has been granted permission by the Federal Aviation Administration (FAA) to proceed with the second launch of its Starship rocket. The clearance comes after a thorough safety review conducted by the FAA in collaboration with the U.S. Fish and Wildlife Service (FWS). Despite
The United Auto Workers’ (UAW) voting results on the tentative agreement with General Motors (GM) have certainly been a roller coaster of uncertainty. Despite an initial swing in voting favor, with a broad approval rate of 54%, the deal faced significant opposition from large plants across several states. As the voting process continues, the fate
In a bold and controversial move, the PGA Tour announced plans to offer professional players direct equity ownership in the new company formed after a potential deal with investors. This groundbreaking initiative, outlined in a recent internal memo obtained by CNBC, aims to align the interests of PGA Tour players with the business itself. The
The automaker industry in the United States has been facing economic challenges, leading companies to implement cost-cutting measures. In line with this trend, Chrysler parent Stellantis has decided to offer buyout packages to approximately half of its U.S. white-collar employees. The objective is to reduce headcount and lower costs for the company’s North American operations.
In an industry buzzing with excitement, the burning question on everyone’s lips is: who will step into the shoes of Elon Musk for his highly anticipated biopic? Recently, it was revealed that indie studio A24 had emerged victorious in a fierce bidding war to acquire the film rights to Walter Isaacson’s biography of the enigmatic
In a groundbreaking clinical trial conducted by Novo Nordisk, the anti-obesity drug Wegovy has shown significant potential in reducing the risk of serious cardiovascular complications in individuals with obesity and heart disease. The study, known as Select, involved approximately 17,500 participants who did not have diabetes. Detailed results from the trial, presented at the American
Renowned investor Ron Baron believes that SpaceX will go public with its Starlink satellite internet service in 2027 or possibly sooner. Baron, a major supporter of Elon Musk’s ventures, predicts that by the time of the IPO, the company will be valued at an impressive $250 billion to $300 billion. This comes as no surprise
The wrestling industry is in for a major shakeup as Vince McMahon, the legendary figure behind TKO and WWE, has announced plans to sell a significant portion of his stake in the company. TKO, the parent company of WWE, revealed in a press release on Thursday that McMahon intends to sell 8.4 million of his
ESPN, the worldwide leader in sports, continues to demonstrate its strength and resilience in the market. In Disney’s fiscal fourth quarter, ESPN’s operating income soared by 16% to reach an impressive $987 million. This is the first time that Disney has ever disclosed the financial details of its sports division. Additionally, ESPN’s revenue grew by