A class action lawsuit has been filed against Adidas by its shareholders, citing that the sportswear company had prior knowledge of Kanye West’s controversial statements and behavior long before it terminated its association with him for his antisemitic remarks. According to The Guardian, Adidas failed to take adequate measures to mitigate the losses suffered by its…
Sandwich brand Subway reported double-digit growth in same-store sales in the first quarter, demonstrating that its recovery is taking effect as the firm looks to sell itself. Subway Sales Post Double-Digit Quarterly Growth In a CNBC report, Subway confirmed in February that JPMorgan was hired just to advise about any potential Subway sales. The Wall Street Journal, reported…
After a documentary series on the media mogul’s impact ran on the CNN+ streaming service in the spring of 2022, a lot of individuals were curious about how much Rupert Murdoch’s net worth. Market Realist said that the six-part documentary series The Murdochs: Empire of Impact looked at how Murdoch became a media mogul, how his…
Elon Musk‘s net worth has plummeted by $12.6 billion after a chaotic week at Twitter, Tesla, and SpaceX. As of April 23, 2023, Bloomberg estimates Elon Musk’s net worth at $165 billion. Nonetheless, even after the decline in net worth, Musk still holds the world’s second-wealthiest individual position next to Bernard Arnault. Elon Musk’s Net Worth Declined by $12.6B…
Several reports mentioned that Walt Disney Co. would begin a second wave of layoffs on Monday to remove 7,000 jobs and save $5.5 billion. Business Today said the company would lay off “several thousand” staff from Monday to Thursday. The company’s executives slashed 4,000 jobs since late March, according to Reuters. Its cost-cutting decision occurred as media…
Don Lemon’s net worth has increased to millions of dollars as a result of CNN’s decision to sever ties with the experienced TV personality on the same day that Tucker Carlson left right-wing media giant FOX News. After CNN announced the TV veteran’s dismissal on the Communication Twitter account with the customary statement thanking him…
A new study has found that the average American spends $253 more on monthly expenses. GoBankingRates made this revelation after analyzing data from 20 types of spending, including food, housing, restaurants, and personal care items. If that doesn’t sound like much, consider this: It’s enough to pay the utility bill for the average American — with…
Although the population of Washington decreased by more than 14,000 in 2021, IRS data showed that the state earned about $200 million during that time. Washington welcomed 203,562 taxpayers and dependents who had previously filed their federal tax returns as residents of another state, according to 2021 IRS data. On the other hand, 217,696 Washingtonians relocated….
