The United States has seen a significant increase in the number of millionaires and billionaires, surpassing China as the world’s top spot for wealthy individuals. According to the 2024 USA Wealth Report from Henley & Partners and New World Wealth, there are now more than 5.5 million Americans with liquid investible assets exceeding $1 million.
Business
In today’s rapidly evolving media landscape, traditional cable television is facing a decline as more and more consumers turn to streaming services for their entertainment needs. This shift has had a significant impact on networks like ESPN, which has relied on increasing cable subscription fees for revenue growth for over 40 years. However, with millions
In a recent documentary by CNBC, former Disney CEO Bob Chapek discussed the future of Disney-owned ESPN and his vision for the sports network. Chapek expressed his belief that adding minority partners to ESPN may not be strategically advantageous. This stands in contrast to the previous suggestions by Disney CEO Bob Iger to potentially sell
Sotheby’s, the renowned auction house, is expanding its sports offerings in response to the increasing demand for sports memorabilia and the desire to attract a younger audience. This move comes as part of Sotheby’s first-ever “Sports Week,” featuring six live and online auctions with items from some of the biggest names in sports. The auctions
JetBlue Airways recently announced significant route cuts as part of its strategy to reduce expenses. The airline will be reducing its number of departures from Los Angeles International Airport, focusing on profitable transcontinental routes that include the Mint business class cabin. This decision comes after a failed attempt to acquire Spirit Airlines and issues with
The ongoing proxy battle between Walt Disney and activist investor Nelson Peltz has gained a significant ally in the form of filmmaker and Hollywood legend George Lucas. Lucas, who became the largest individual investor in Disney after selling Lucasfilm to the company in 2012, has thrown his support behind Disney CEO Bob Iger. In a
Bentley Motors, a renowned British luxury carmaker, has announced a delay in its plans to shift exclusively to all-electric vehicles by the end of the decade. Despite their initial commitment to carbon neutrality and the transition to battery electric vehicles (BEVs), the company has pushed back this goal by a couple of years. CEO Adrian
United Airlines CEO Scott Kirby took a proactive stance on Monday to address growing concerns among customers regarding the carrier’s safety record following a series of flight problems in recent weeks. These incidents included a tire falling from a Japan-bound Boeing 777 shortly after takeoff, causing damage to vehicles in a San Francisco airport parking
SpaceX, the aerospace company founded by Elon Musk, recently launched the third test flight of its Starship rocket from its Starbase facility near Boca Chica, Texas. This test flight represents a significant milestone in the development of the Starship rocket, as SpaceX aims to push the boundaries of space exploration with this mammoth vehicle. This
Petco announced on Wednesday that CEO Ron Coughlin will be stepping down, with board member R. Michael Mohan taking over as the interim chief executive. Coughlin will be serving as an advisor during this transition period. In his statement, Coughlin expressed pride in the work he’s done over the past five years. Mohan, who has