Many live music fans likely met the news that the U.S. Justice Department is seeking to break up Ticketmaster and its parent company Live Nation with glee. Long the subject of consumer complaints, angst toward the two companies reached a crescendo in 2022 when Bruce Springsteen fans were confronted with…
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way, according to Bank of America. The bank’s economists see several driving factors behind the run-up in costs to ease in the months ahead, possibly taking some of…
The next frontier for the ad market isn’t on TV — it’s at screens near points of sale. Television had long been the key target for advertisers, until tech companies such as Alphabet and Meta-owned platforms like Facebook began to gobble up market share. While ad dollars are rapidly shifting from traditional TV…
Could college athletes really start getting paid directly by their schools, ending decades of acrimony over the issue? The NCAA, along with the five largest college athletic conferences, announced Thursday an agreement to settle three antitrust suits brought by college athletes over having been deprived of financial gain by only…
Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was America’s largest casual dining operation, serving 64 million customers a year in almost 600 locations across 44 states and Canada. Its May 19 bankruptcy filing and closing of almost…
Crude oil futures fell to three-month lows on Friday and are heading to a weekly loss as the summer driving season gets underway with the Memorial Day holiday. U.S. crude oil hit an intraday low of $76.15, the lowest level since Feb. 26. Global benchmark Brent fell to $80.65, the…
Boeing will burn through cash this year and deliveries of new planes won’t improve in the second quarter from the first, as the manufacturer deals with a host of production challenges tied to its bestselling planes, the company’s CFO, Brian West, said Thursday. A month ago, West forecast Boeing would generate…
More than a dozen people were also injured in Palma de Mallorca, the capital of Mallorca, police said. Search efforts are ongoing to locate anyone who might still be trapped under the debris. The restaurant was a two-story building by the beach and victims were taken to various hospitals in Palma, according…
China’s military drills around Taiwan are designed to test its ability to “seize power” over the island, the People’s Liberation Army said Friday as its forces kicked off a second day of large-scale exercises encircling its democratic neighbor. The drills are the largest in more than a year and come…
An experienced Kenyan mountaineer died Wednesday and rescuers are still searching for the Nepali sherpa who was with him, after the team attempted to summit Mount Everest without supplemental oxygen, according to the Nepali government and his employer. Kirui’s body was discovered on Wednesday night local time in Nepal, at…