Fanatics, the global platform company, recently held its second investor day in nearly a year as the company quietly moves closer to an initial public offering. Over 100 existing and prospective institutional investors from major firms such as Goldman Sachs and Barclays gathered Tuesday for the meeting at the NBA Players Association headquarters in New
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Starbucks Workers United has made claims that a number of Starbucks stores in the US have banned decorations for Pride month despite the company’s history of supporting LGBTQ+ rights. Starbucks has denied the allegations, stating that its policies remain unchanged and that store leaders are encouraged to celebrate Pride month with their communities. The allegations
Planet, a satellite-imagery and data-analysis company, saw its shares fall after it cut its annual revenue guidance following the release of its first-quarter results. The company reduced its forecast for its fiscal-year 2024 revenue to a range of $225 million to $235 million from the previous forecast of $248 million to $268 million, subsequently causing
General Motors (GM) has announced that it will partner with Tesla to use the electric vehicle (EV) leader’s North American charging network and technologies. Following in the footsteps of crosstown rival Ford Motor, GM vehicles will be able to access 12,000 of Tesla’s fast chargers using an adapter and the Detroit automaker’s EV charging app,
After the second month of the Writers Guild of America (WGA) strike, the Directors Guild of America (DGA) and the Alliance of Motion Picture and Television Producers (AMPTP) have reached a tentative agreement, which has not yet been approved by DGA members. The three-year contract would provide pay and benefit gains, increases to global streaming
Diamond Sports, the owner of 19 regional sports networks under the Bally Sports brand, has been ordered by a bankruptcy judge to make full media rights payments to four Major League Baseball (MLB) teams. The company filed for bankruptcy in March, seeking to restructure its debt load and reset some of its media rights deals
Lululemon, a Canadian athletic apparel retailer, has reported its Q1 earnings, which surpassed Wall Street’s expectations. The company’s net income for the three-month period ending April 30 was $290.4 million or $2.28 per share, an increase from $190 million or $1.48 per share a year earlier. Sales rose 24% to $2 billion, up from $1.61
Dollar General shareholders have passed a resolution to commission an independent audit into worker safety. The proposal, brought by Domini Impact Investments, aims to examine the company’s policies and practices and how they affect the safety and well-being of workers. The audit is to be conducted by an independent, third-party and will include an evaluation
Ford Motor and Tesla have announced a surprise deal on electric vehicle (EV) charging technology and infrastructure that could put new pressure on other automakers’ EV strategies. The agreement will allow Ford owners access to more than 12,000 Tesla Superchargers across the US and Canada from early next year. Moreover, Ford’s next generation of EVs
JPMorgan Chase aims to develop a software service that uses disruptive artificial intelligence to help customers select investments. The company has applied to trademark the product called IndexGPT, which will use cloud computing software to analyze and choose securities tailored to customer needs. IndexGPT: The First GPT-Like Product for Customers JPMorgan Chase is likely to