Morgan Wallen’s chart-domination strategy? Really long albums
Morgan Wallen has become one of the most significant new stars across pop music. If 28 songs from his album land on the Hot 100 singles chart, he will set a new record.
Bed Bath & Beyond interim CEO to stay in post for at least a year - source
Bed Bath & Beyond interim CEO Sue Gove will likely lead the struggling retailer for at least 12 months, as the chain looks to bolster its business.
ViacomCBS chief Bakish blocked again from major media mogul meeting
Fox Business has learned that ViacomCBS CEO Bob Bakish once again won’t be attending the investment bank’s annual “summer camp for billionaires” in Sun Valley where the rich and famous in the world of the media and finance think big thoughts and at times lay the groundwork for potential deal making.
NYC, Nuveen strike out with Yankees over new soccer stadium and hotel/retail development
A dispute involving 5,000 parking spaces New York City and bondholders agreed to give the Yankees as part of the development project – a complex, multi-year effort to bring economic growth to the poor South Bronx neighborhood where Yankee Stadium calls home, has scuttled plans for a new soccer stadium
SEC’s Gensler aims to be ‘transformational’ Wall Street cop
Wall Street executives are scrambling to figure out if Securities and Exchange Commission Chair Gary Gensler is serious about imposing new “woke” disclosure mandates on companies. And the answer they’re getting is a resounding “yes.”
Feds accelerating crypto world crackdown
Job postings indicate the Federal Government is worried about the proliferation of crimes involving digital currencies such as Bitcoin and Ethereum, and plans a broad criminal crackdown on illicit activities in the crypto world. In recent weeks, crypto-related criminal activity has been making national headlines particularly with the cyberattack on the Colonial Pipeline in May that resulted in the days-long shutdown of the country’s largest fuel pipeline.
SEC's planned new 'woke' rules creating cost concerns for business leaders
Business groups are trying to calculate just how much money public companies might have to shell out to comply with the Securities and Exchange Commission’s planned new “woke” corporate disclosure rules, and initial estimates aren’t pretty.
MLB, players' union facing all-star lawsuit for pulling game out of Atlanta
A conservative group representing small businesses says the MLB's decision to boycott Atlanta as the site of its All-Star game over its objection to Georgia’s voting law is grounds for a lawsuit.
Consumers investing in post-pandemic 'glow up' with eased mask-wearing restrictions
It’s a summer to be seen – and more Americans are shelling out for self-care and grooming products with mask restrictions easing.
AMC Theaters CEO uses Twitter to build relationships with retail investors
If you’re a small investor and own shares of AMC, don’t be surprised if you get a Twitter follow from the company’s Chairman and Chief Executive Officer, Adam Aron.
Valentino sued for $207M for pandemic closing of its New York City boutique
Valentino SpA was sued on Friday for $207.1 million by the landlord of its former American flagship on Manhattan's Fifth Avenue, which said the Italian fashion company had no right to break its lease and leave the store in disrepair.
Roku taps Quibi to fight streaming wars as it hunts for other deals
Roku chief executive Anthony Wood calls his company's purchase of Quibi short-form video content "cost-effective," hinting in a quarterly earnings call Thursday that Roku would consider other reasonably priced acquisitions.
Carl Icahn eyes scandal mired FirstEnergy
Billionaire investor Carl Icahn has signaled an interest in making a large purchase of voting shares from one of the country’s largest electric utilities, which is currently under investigation for its role in an Ohio bribery scandal.
CEO confidence in U.S. economic outlook reaches 17-year high
U.S. business leaders expect to cut fewer jobs and a growing number plan to sharply raise employees’ pay in the months ahead as confidence in the economic outlook surges amid the rollout of COVID-19 vaccines, a survey released on Thursday showed.
Black staffers urged Nike to own up to equality issues before diversity-themed ad campaign
The employees who made the requests to company management were members of a task force commissioned to help find answers to the clothing giant's internal diversity problems.
Tech companies team up to help small businesses stay open
The coronavirus pandemic caused PayPal, Salesforce, GoDaddy and Slack to help small businesses remain open during the crisis.
FICO score definition and relevance explained