Sports team owners are currently facing a myriad of challenges when it comes to succession planning and dealing with taxes. The average age of team owners is on the rise, while team values are skyrocketing into the billions. This combination is intensifying the focus on how to ensure smooth ownership transitions to the next generation
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CrowdStrike, a cybersecurity software maker, recently reported strong fiscal second-quarter results that surpassed expectations. However, the company’s shares dipped 4% in extended trading following a global outage caused by a flawed content configuration update for its Falcon sensor. The incident led to widespread computer crashes, flight cancelations, delayed deliveries, and postponed medical appointments. Despite the
Steph Curry, the legendary four-time NBA Champion, is already strategizing for life after basketball. In a recent interview with CNBC’s “Squawk on the Street,” the 10-time NBA All-Star discussed his plans for the future, which include his existing businesses and aspirations post-retirement. At 36 years old, Curry is not only focused on excelling in the
The recent downturn in the stock market has seen significant losses in market capitalization for major companies such as Nvidia. The fact that Nvidia lost $279 billion in a single day is alarming, especially considering it is the fifth time the stock has experienced such a massive drop. Despite its 118% increase in 2024, the
Marketplace health insurance has become increasingly popular among Americans aged 55 to 64, with more than 5.1 million individuals in this age group enrolled as of open enrollment 2024. This is a significant increase from the roughly 3.4 million in 2021, according to data from the Kaiser Family Foundation. The appeal of Marketplace coverage lies
The resurgence of the NFL season is expected to bring in record-breaking figures in sports betting. According to the American Gaming Association, U.S. adults are projected to wager an estimated $35 billion this NFL season. This marks a significant increase of more than 30% compared to last year’s numbers, where Americans wagered $26.7 billion on
The British financial technology firm, Zilch, recently announced a significant milestone in its journey by reporting its first-ever month of profit. This achievement is remarkable considering the competitive landscape it operates in, going head-to-head with industry giants like Klarna and Block in the buy now, pay later space. Zilch managed to reach profitability within just
China’s property market struggles and U.S. sanctions have taken a toll on several of its cities, with some benefiting from Beijing’s focus on technology. The Milken Institute’s best performing cities China index highlights how various cities have been affected by these economic challenges. Hangzhou, the capital of Zhejiang province and a hub for tech companies