BUSINESS

Nov 13 2024BUSINESS

Friendship Turns into Rivalry in NBA Arena Battle

James Dolan, famous for owning the Knicks, has suddenly stopped working with Oak View Group, the company managing his venues. The issue? Oak View wants to build a new arena in Las Vegas, which could compete with Dolan's high-tech Sphere. This has created tension between Dolan and his longtime friend

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Nov 13 2024BUSINESS

Vandalized KC Coffee Shop Gets Unexpected Boost from Community

A Vietnamese coffee shop in Kansas City, Café Ca Phe, has been experiencing a surge in business after being vandalized last week. The community has shown tremendous support, with customers lining up to show their solidarity. Early morning on Wednesday, Nov. 6, surveillance footage captured someone

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Nov 12 2024BUSINESS

Lena Dunham's Take on Crypto Crash: A New Film

Ever heard of Sam Bankman-Fried? He's the guy who turned the crypto world upside down. Now, Apple and A24 are teaming up to tell his story in a new movie. Lena Dunham, the creator of "Girls, " is writing the script. It's based on Michael Lewis' book "Going Infinite, " which dives into the rise and f

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Nov 12 2024BUSINESS

Honeywell's Future: Should It Split or Stay Together?

Elliott Management, an activist investor, has a massive $5 billion stake in Honeywell. They're pushing for a big change: splitting the company into two. The idea is to create one company for aerospace stuff, like engines and avionics, and another for automation, like sensors and control systems. Ell

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Nov 12 2024BUSINESS

Home Depot's Q3 Earnings: A Fresh Outlook

Home Depot recently announced its third-quarter earnings, showing a solid 6% increase in sales compared to last year. This boost was due to the acquisition of a new business and higher demand for home improvement supplies spurred by better weather and hurricane-related repairs. The company even rais

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Nov 12 2024BUSINESS

The Future of Retail and Tech: How Trump's Era Will Shape the Industry

As a new administration takes charge, experts like Brittain Ladd are predicting significant shifts in retail and technology. With potential regulatory changes at the Federal Trade Commission, mergers and acquisitions (M&A) could see a boost. Retailers might face stiff competition from new entrants l

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Nov 12 2024BUSINESS

FTX's Bankruptcy Battle: A Crypto Clash

In a surprising turn of events, the bankruptcy trustees of the once-mighty crypto exchange FTX have filed a lawsuit against their former rival, Binance. The lawsuit, which was filed in a US bankruptcy court in Delaware, is seeking to recover a staggering $1. 76 billion. This massive sum was allegedl

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Nov 12 2024BUSINESS

Tencent Music's Streaming Boom Despite Social Slump

Tencent Music Entertainment, the biggest digital music company in China, saw its revenue grow by nearly 7% in the third quarter of 2023. This growth was largely thanks to its streaming services, which managed to increase the number of paying subscribers and the average revenue per subscriber. The co

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Nov 12 2024BUSINESS

Diving into Ocean Data with Current Lab

Ever thought about how useful it would be to have a weather forecast for the ocean? That's exactly what Kevin Rosa had in mind when he founded Current Lab. As a PhD student at the University of Rhode Island, Rosa was working on models to simulate ocean currents when he got an interesting request fro

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Nov 12 2024BUSINESS

Bitcoin Buying Spree: MicroStrategy's Big Bet on Crypto

In the days following the U. S. presidential election, Bitcoin has seen a significant surge. This is partly due to promises made by President-elect Donald Trump to support cryptocurrency. One major player in this space is MicroStrategy, which has been on a Bitcoin buying spree. In early November, M

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