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Brett Favre. Frank Muldoon | CNBC SiriusXM has put Hall of Fame quarterback Brett Favre’s NFL show on hold due to his involvement in an alleged welfare-fraud scheme in Mississippi, according to reports. Favre and nearly 40 others were sued by the Mississippi Department of Human Services in May for allegedly diverting millions of federal welfare dollars … Read more
Facebook was a member of the exclusive $1 trillion club a year ago, but it’s fallen a long way since then. Now named Meta Platforms Inc. META, -2.18%, the company saw its market value fall below $400 billion Friday for the first time since Jan. 7, 2019, according to Dow Jones Market Data. Meta’s valuation … Read more
Updated Sept. 15, 2022 5:42 pm ET Listen to article (1 minute) FedEx said its quarterly revenue fell below its expectations and it was closing offices and parking aircraft to offset declining volumes of packages moving around the world. FedEx shares tumbled 13% on the warning, which came after markets were closed Thursday and about … Read more
Bob Chapek, CEO of Walt Disney Patrick T. Fallon | Bloomberg | Getty Images Disney Chief Executive Bob Chapek said Thursday that the company’s sports network ESPN is looking for a partner to help it step into sports gambling. “We at ESPN have the ability to do that. Now we’re going to need a partner … Read more
Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest U.S. companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since the start of August. Meta, … Read more
Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz Slodkowski | SOPA Images | LightRocket via Getty Images Sony Sony’s PlayStation has dominated the gaming console market for a long time. But the business … Read more
Team Captain Phil Mickelson of Hy Flyers GC watches a shot on the practice range during day one of the LIV Golf Invitational – Bedminster at Trump National Golf Club Bedminster on July 29, 2022 in Bedminster, New Jersey. Jonathan Ferrel | LIV Golf | Getty Images The PGA Tour confirmed Friday that it won’t … Read more
Hulu Rafael Henrique | SOPA Images | LightRocket | Getty Images The future of Hulu continues to be an open question as Comcast and Disney still haven’t agreed on terms that will settle the company’s future ownership. But Comcast executives are planning on Disney buying them out — even if they’d prefer otherwise. related investing … Read more
Donald Trump’s social media app “Truth Social” in Apple’s App Store on an iPhone 12. Christoph Dernbach | Picture Alliance | Getty Images Truth Social, the would-be Twitter competitor created by Trump Media and Technology Group, remains unavailable on the Google Play store. According to a report from Axios, Google said the app lacks effective … Read more
From left: Fed officials Jerome Powell, Lael Brainard, and John Williams ponder the great outdoors during a break at the economic symposium at Jackson Hole. David Paul Morris/Bloomberg Text size Grand Teton National Park has a stark warning for visitors to the Wyoming mountain oasis. “Bears are active,” it says on its website. “Travel in … Read more