Simone Del Rosario
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Kelces sign $100 million deal to bring ‘New Heights’ to Amazon’s Wondery
Famous NFL brothers Travis Kelce and Jason Kelce cashed in on the success of their podcast. The hosts of “New Heights” signed a 3-year, $100 million deal with Amazon’s Wondery. Wondery will now have exclusive rights to sell ads and distribute the weekly show hosted globally by the Kelces. Starting this week, when the show… -
Americans surprise with confidence in economy though job concerns grow
Americans are more confident in the economy than analysts expected and that confidence has been growing throughout the summer. The Conference Board released its consumer confidence survey for August, with a 103.3 rating, beating the 100.7 expected and exceeding July’s 101.9 surprise. It’s the highest confidence rating in months, but there’s more behind the headline number. … -
NFL is sports’ most exclusive owners club. They may soon let private equity in.
The most exclusive club in all of sports is made up of National Football League owners. For decades, the NFL has kept a tight lid on who can call themselves a member of that club. This week, that could change. On Tuesday, Aug. 27, owners are expected to vote on a proposal allowing private equity… -
DOJ’s collusion case claims RealPage’s algorithm is the reason rent is too high
Have you been paying too much for rent? Across the country, rent prices skyrocketed in 2022 and 2023 and it could be because of illegal activity. The Justice Department on Friday, Aug. 23, filed an antitrust suit against RealPage, a Texas-based software company that is accused of using algorithms to allow widespread collusion among landlords. “Everybody knows… -
‘The time has come for policy to adjust’: Powell says rate cuts imminent
For the first time in definitive terms, Federal Reserve Chair Jerome Powell said it is time to cut rates after witnessing “unmistakable” cooling in the labor market. Powell made the remarks Friday, Aug. 23, at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming. “The time has come for policy to adjust,” Powell… -
After a failed first attempt, Disney launches round 2 of replacing Bob Iger
Walt Disney tapped an executive with succession experience to usher in the company’s next chapter as CEO Bob Iger plans to exit when his contract expires in 2026. Disney named board member and Morgan Stanley Executive Chairman James Gorman to chair its succession planning committee. Gorman previously served as CEO of Morgan Stanley and oversaw… -
Is Powell’s ‘soft landing’ slipping away? Job worries cloud Jackson Hole speech
Jackson Hole, Wyoming, is known for its temperate summers, but Federal Reserve Chair Jerome Powell is probably feeling the heat turn up a bit ahead of his most-anticipated speech of the year. Powell will speak Friday, Aug. 23, at the Kansas City Fed’s annual economic symposium at Grand Teton National Park. Central bankers, policymakers and investors… -
The real reason China’s educated youth can’t find jobs
They were told with hard work and a good education, they’d get the career of their dreams. But for many young adults in China, that is simply not the case. For a couple of years now, there have been rumors about the “lying flat” or “let it rot” youth in China, a characterization that the… -
Chinese video game flaunts commercial success amid censorship controversy
The first big-budget video game produced by a Chinese developer is being lauded as a success. But while sales are strong, so are accusations of censorship. “Black Myth: Wukong” is loosely inspired by the Chinese epic “Journey to the West.” Game Science developed the game with the backing of Chinese tech conglomerate Tencent. While the… -
Shein, Temu face off in high-stakes fast fashion lawsuits
In the fast-paced world of fashion, two Chinese retail giants are locked in a battle for dominance, and the stakes are rising. It’s not just about who can offer the cheapest clothes — it’s a legal showdown exposing the competition behind those rock-bottom prices. Allegations of counterfeiting, intellectual property theft and questionable business practices have… -
Target sales bounce back with clothes, beauty and lower prices
Target surprised Wall Street on Wednesday, Aug. 21, with a strong second-quarter performance, beating both earnings and revenue expectations. Customer traffic increased across both in-store and online channels, driven by strategic price cuts and new loyalty initiatives. Despite these gains, the company remains cautious about the future, as economic uncertainties and evolving consumer habits present… -
Runway clears for Alaska, Hawaiian Airlines merger after DOJ review expires
A proposed merger between Alaska Airlines and Hawaiian Airlines has flown past a review by the U.S. Department of Justice. The decision clears the runway for the first major airline merger since 2016. The DOJ seemingly decided against challenging Alaska’s $1.9 billion bid to acquire Hawaiian Airlines after the review period expired the morning of… -
Disney ditches Disney+ ‘terms of use’ defense in wrongful death lawsuit
Walt Disney Co. agreed to let a court decide a wrongful death lawsuit at one of its theme parks. The reversal comes after it attempted to send the case to arbitration because the man who brought the case agreed to terms of use for Disney+ when he signed up for a trial years earlier. The…
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