Business
Nordstrom family tries again to take department store private, forms special committee
A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids, it announced on Thursday. CEO Erik Nordstrom and president […]
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Mortgage rates are now at the highest level of the year, and could go even higher
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last […]
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NBA’s exclusive TV rights negotiating window with ESPN, Warner expected to pass without a deal
Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024. Jevone Moore | Icon Sportswire | Getty Images The National Basketball Association’s exclusive media rights negotiating window with current partners Disney and Warner Bros. […]
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Netflix is set to report earnings – here’s what Wall Street expects
Rafael Enrique | Lightrocket | Getty Images LOS ANGELES — Netflix is due to report first-quarter earnings after the closing bell Thursday. The company’s performance has been an anomaly in the streaming realm. While competitors struggle to turn profits, Netflix saw a 12% bump in revenue last year as its paid memberships grew again. Here’s […]
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March homes sales dropped despite a surge in supply. Here’s why.
Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Sales of previously-owned homes dropped 4.3% in March compared with February, to a seasonally adjusted, annualized rate of 4.19 million units, according to the National Association of […]
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Billionaire Kam Ghaffarian sets his sights on the stars with a range of space companies
Jeff Bezos wants to build permanent outposts on the moon and colonize space. Richard Branson wants to make spaceflight as commonplace as air travel. Elon Musk wants to settle Mars to make humanity multiplanetary. IBX’s Kam Ghaffarian wants to go even further: the stars. “There’s this common denominator of combining altruism, to do something purposeful […]
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Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
An Alaska Airlines Boeing 737 MAX 9 taxis at Seattle-Tacoma International Airport on March 25, 2024 in Seattle, Washington. Stephen Brashear | Getty Images Alaska Airlines forecast second-quarter and full-year earnings well ahead of estimates on Thursday thanks to strong travel demand, despite a first-quarter loss stemming from a midair blowout of a door plug […]
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Airline executives predict a record summer and even more demand for first class
Passengers are seen at the Delta Air Lines check in area before their flights at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S. June 28, 2022. Elijah Nouvelage | Reuters While the aviation industry has been in the spotlight lately for a host of safety issues, airline executives say there’s no sign of slowing demand […]
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Boeing faces scrutiny in Senate hearings over aircraft safety and quality
US Senator Richard Blumenthal (L) greets Boeing engineer Sam Salehpour as he arrives to testify before the US Senate Homeland Security and Governmental Affairs Subcommittee on Investigations during a hearing on “Examining Boeing’s Broken Safety Culture: Firsthand Accounts,” at Capitol Hill in Washington, DC, on April 17, 2024. Drew Angerer | Afp | Getty Images […]
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Vince McMahon is taking vacations and in touch with Trump as WWE tries to move on from scandal-plagued ex-CEO
Vince McMahon, right, and Donald Trump attend a press conference about the WWE at the Austin Straubel International Airport in Green Bay, Wisconsin, on June 22, 2009. Mark A. Wallenfang | Getty Images As he faces a mountain of legal woes, former WWE leader Vince McMahon is traveling, eating out and keeping in touch with […]
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