Las Vegas is gearing up to score a royal flush of sports franchises — by bringing basketball to Sin City. The city best known for gambling is just one NBA team short of a full set of major teams having snared franchises from the NHL, NFL, and by 2028, the MLB. Vegas may create its…
GM’s Cruise self-driving car unit on Thursday revealed Justice Department and Securities and Exchange Commission probes stemming from an October accident in which one of its robotaxis dragged a pedestrian who had been struck by another car. Cruise reported the government investigations in a blog post in which the company also vowed to reform its culture stemming from…
Bud Light is back in the game. The controversial beer brand launched a teaser Thursday for what is promised to be a humorous Super Bowl commercial, marking a return to basics after a months-long boycott that cost it its best-selling beer title. “The Super Bowl is advertising’s biggest moment, and our goal is to once…
Stanley tumblers have become immensely popular in recent months, surging on platforms like Instagram and TikTok, but consumers have begun asking whether they are safe to use. At the center of debates online about Stanley products — insulated steel beverage containers sold in various colors like pink, green, blue, and white — is whether they…
After beating Nikki Haley in New Hampshire on Tuesday, Donald Trump reaffirmed his position as the leading candidate to win the Republican nomination. That has business leaders facing the possibility of another Trump presidency, and their investors trying to figure out what it could mean for their bottom lines. The questions are, perhaps not surprisingly,…
JPMorgan Chase shuffled executives in its investment banking and consumer units on Thursday, giving them more experience running different businesses as Wall Street focuses on the bank’s succession plans for CEO Jamie Dimon. The largest US lender appointed Marianne Lake sole CEO of the consumer division, which was previously run together by Lake and Jennifer Piepszak, according to a filing….
Mercedes-Benz debuted a $1 billion residential luxury tower in Dubai, where apartments are expected to cost as much as $10 million each. Dubbed “Mercedes-Benz Places,” the upscale auto company announced its venture into the real-estate world on Instagram on Thursday, which it’s doing with the help of Emirati developer Binghatti. The 65-story building is expected…
The Federal Reserve’s favorite inflation gauge rose just 0.2% from November to December — the lowest level in nearly three years. The latest data on the personal consumption expenditures price index — also known as “core inflation” which strips away food and energy costs — is likely to whet the appetites of Wall Street investors…
NASCAR is going pedal-to-the-metal in its marketing drive for more diverse viewers — despite the growing national backlash against DEI — to boost its sagging ratings. Average viewership for live NASCAR races across all television networks drew an audience of 2.9 million in 2023 — roughly 9.4% less than the 3.2 million audience members that…
Beloved local TV news anchor Amanda Hanson shockingly passed away at age 38, according to Memphis station Action News 5. “We are devastated to announce the loss of our colleague Amanda Hanson,” the Tennessee TV station posted on X late Thursday. “Amanda, a beloved journalist, Memphian, colleague, and friend, joined the Action News 5 team…
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