Author: Press Room
Yet another podcast has inked a deal upwards of $100 million. Brothers and NFL stars Jason and Travis Kelce signed a deal with Amazon’s podcast studio Wondery for their “New Heights with Jason & Travis Kelce” podcast. The agreement brings exclusive ad-sales and distribution rights for all audio and video episodes to Wondery. It also includes the entire back catalog. A source familiar with the Kelce brothers’ deal tells CNN the agreement is in the $100 million range. The deal goes into effect this month, just in time for the latest NFL season. “New Heights,” entering its third season, is…
Investment Overview I am initiating coverage on Lucid Group, Inc. (NASDAQ:LCID) stock with a “Sell” rating. In the last 12 months, Lucid stock has declined by 36%, and I believe that the stock is likely to remain in a downtrend. This initiating coverage discusses the reasons to be bearish on this electric vehicle company. It’s also worth noting that the correction in Lucid stock has been for an extended period. The stock was listed during the meme euphoria of early 2021 and went ballistic. The excitement was however short-lived and Lucid stock started trending lower from December 2021. An extended…
Revenues rose 3 per cent at BHP, the world’s largest mining company, as it said an “uneven recovery” in the Chinese economy, sluggish industrial demand and higher interest rates will continue to cause volatility in global commodity markets.The company said revenue for the year to June rose 3 per cent to $55.7bn while underlying earnings increased 4 per cent. However, profit attributable to shareholders fell 39 per cent due to a $2.7bn writedown of nickel assets and a $3.8bn charge related to a dam collapse in Brazil. The full-year dividend fell 14 per cent over last year.BHP said it expects Chinese…
Former presidential candidate Robert F. Kennedy Jr., who suspended his campaign on Friday and endorsed Republican nominee Donald Trump, has a long history of criticizing the man he now supports, including calling Trump a “threat to democracy,” and, as recently as July, a “terrible president.” For years, Kennedy has repeatedly condemned Trump, referring to him as a “bully,” who appealed to “bigotry,” “hatred,” “xenophobia” and “prejudice.” Among the chief attacks Kennedy has leveled at Trump through the 2024 campaign is to accuse him of corruption for turning his administration over to corporate lobbyists and special interests and failing to “drain the…
Many estate owners are concerned about what will happen to the wealth in the next generation and the effects the inheritance will have on their heirs, making how to leave wealth to the next generation one of the most difficult estate planning decisions. Wealth is accumulated and preserved for the next generation at least partly to enrich the lives of loved ones. But there are many stories of heirs wasting or mismanaging inheritances and other stories of inheritances changing heirs for the worse. Several different types of trusts are available to avoid these negative consequences. Each has advantages and disadvantages,…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.125% as of August 6, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.500%, which is 0.010 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices.There’s been “modest growth” in the dinner sausage category for one producer, according to the Dallas Federal Reserve’s Texas Manufacturing Outlook Survey released Monday. This underscores the trends of shoppers opting for cheaper products and pulling back spending all together as cumulative inflation bites into purchasing power.”This category tends to grow when the economy weakens,” the respondent said, according to edited comments included in the Dallas Fed’s report. That’s because “sausage is a good protein substitute for higher-priced proteins…
A New York federal judge has ordered U.S. probation officials to investigate the recent arrest of a convicted drug dealer who was released from prison in early 2021 when his 10-year sentence was commuted by former President Donald Trump.The order raises the possibility that the drug dealer, Jonathan Braun, could be sent back to prison for his federal marijuana-related conviction because of his arrest last week in Nassau County, New York, for allegedly assaulting his wife and father-in-law.It also raises the prospect that Braun could become an issue in the 2024 presidential election, where Trump is trying to paint Democratic nominee Vice President Kamala…
The Federal Trade Commission said Monday that Care.com had agreed to a proposed $8.5 million settlement to address what the FTC called “unlawful practices,” which include misleading both the job seekers and job posters who use the site. “Care.com used inflated job numbers and baseless earnings claims to lure caregivers onto its platform, and used deceptive design practices to trap consumers in subscriptions,” said Samuel Levine, director of the FTC’s Bureau of Consumer Protection, in a statement released Monday afternoon. “The order announced today puts a stop to these unlawful practices, returns millions of dollars to consumers and helps ensure…
Bridgestone Corporation (OTCPK:BRDCF)(OTCPK:BRDCY) saw a bit of pressure on some of its more profitable products due to low-priced Thai imports taking the market by storm, with a destocking trend ahead of possible higher tariffs. While Bridgestone is looking more discounted now compared to peers unlike in our previous coverage, and is doing a bit better than some peers in specialty segments, they are still exposed to this Thai import situation and may see another pressured quarter before things more obviously improve. There is also the industrywide pressure emerging on new vehicle demand that looks recessionary. Latest Earnings The latest earnings…
