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The winningest NBA bids will be named in the coming months: Mark Tatum

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✨ Check out this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: NBA Deputy Commissioner Mark Tatum speaks during the second round of the 2019 NBA Draft at Barclays Center on June 20, 2019, in the Brooklyn borough of New York City.Sarah Steer | Getty ImagesDeputy Commissioner Mark Tatum said in an exclusive interview with CNBC that the league plans to begin naming winning bidders for the 12 permanent European teams within the next 60 to 90 days. He said the Europa League is still on track to debut in October 2027. The 12 new teams…

Bob Iger at Shanghai Disneyland defying the Chinese withdrawal

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🚀 Read this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: If you spent a day at Shanghai Disneyland, you wouldn't know that Chinese consumers are suffering.Wang Jiandong and his girlfriend Yan Xu said they were skipping meals out and skimping on daily necessities so they could enjoy the park."We save in our daily lives so we can spend more on trips," Wang explained while posing for photos with Yan in front of the famous Disney Castle. "This is a romantic place."Shanghai Disneyland celebrated its 10th anniversary this week, with the former Disney CEO Bob Iger…

MAHA SNAP restrictions on fast food may change spending

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🚀 Explore this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Growing pressure to restrict Americans' use of federal food aid to buy certain processed or sugary products is creating a new challenge for some of America's largest food and beverage companies. As of May, the USDA approved dietary restriction waivers for Supplemental Nutrition Assistance Program benefits In 23 states, affecting nearly a third of all SNAP participants, according to Numerator. The research firm estimates that the restrictions could reduce food and beverage sales by up to $830 million this year, as consumers either shift spending…

Huntington’s disease drug maker UniQure is seeking US Food and Drug Administration (FDA) approval for its gene therapy

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💥 Check out this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Thomas Fuller | SOPA Photos | Rocket Lite | Getty ImagesUniQure The company said Wednesday it plans to seek FDA approval for its experimental gene therapy for Huntington's disease, months after the agency's former leaders criticized the evidence supporting the application. UniQure said the US Food and Drug Administration announced at its recent meeting that a three-year analysis of a Phase 1/2 study would support accelerated approval of UniQure's gene therapy for Huntington's disease, a rare genetic disease that gradually destroys nerve cells in…

CarMax (KMX) Q1 earnings

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✨ Explore this must-read post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: A view of a CarMax dealership on April 10, 2025 in Santa Rosa, California.Justin Sullivan | Getty Imagesshares Carmax It fell nearly 8% during midday trading on Wednesday after the company beat Wall Street's quarterly earnings expectations and its new CEO detailed a high-profile turnaround strategy for the company.Here's how the company performed in its fiscal first quarter, compared to average estimates compiled by LSEG:EPS: $1.31 versus 95 cents expected profit: $8.01 billion versus $7.42 billion expectedDespite the volatility, questions remain about the company's ability…

JetBlue is reducing its Newark and LaGuardia footprint as it expands into Florida

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✨ Check out this trending post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: A JetBlue Airways plane lands near the air traffic control tower at Fort Lauderdale-Hollywood International Airport on October 7, 2025 in Fort Lauderdale, Florida.Joe Rydell | Getty ImagesJetBlue Airlines It told CNBC on Wednesday that it will close its flight attendant base at Newark Liberty International Airport in New Jersey and technical operations bases there and at LaGuardia Airport in New York this fall as it seeks to cut costs and boost service in Florida, though it noted that no employees would lose their…

Target, Walmart, and Amazon lose out on LGBTQ+ consumer spending

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✨ Discover this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: LGBTQ+ consumers are shifting their brand loyalties based on companies' diversity, equity and inclusion policies, according to new research from the Human Rights Campaign Foundation. Results released Wednesday found that nearly 72% of LGBTQ+ consumers say they buy fewer products from companies they see “Limiting Diversity and Inclusion Commitments.” Nearly 70% also said they had refused to buy from those companies at least some of the time.The five companies that participants most often associated with spending cuts were: goal, Walmart, AmazonChick-fil-A and Home Depot.On the…

5 takeaways from the largest annual gathering of airline CEOs

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🔥 Check out this insightful post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Ground crews load cargo and supplies onto planes from airlines including Lufthansa Group, Emirates, Austrian Airlines and British Airways, as they stand at the Tom Bradley International Terminal (TBIT) at Los Angeles International Airport (LAX) in El Segundo, California, on September 11, 2023.Patrick T. Fallon | AFP | Getty ImagesRIO DE JANEIRO — Hundreds of airline leaders gathered in Brazil this week at the International Air Transport Association's annual meeting to discuss high fuel costs, sharply low profits, engine reliability issues and elusive emissions…

SpaceX employees create low-fee Choreo wealth management plan for post-IPO

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✨ Read this trending post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: A SpaceX sign outside the Space Exploration Technologies Corp facility. In Hawthorne, California, on June 3, 2026. Michael Yano | norphoto | Getty ImagesA group of current and former members SpaceX Employees who joined forces to manage their wealth after the IPO have created a new, lower-fee advisory option with Choreo, according to people familiar with the agreement.The employee group has more than 100 members and represents a potential fortune of between $1 billion and $5 billion, according to the people who spoke on the…

Carvana’s new sales strategy turns the dealership into a ‘playground’

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🚀 Read this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Stellantis' new Carvana franchise includes custom displays and a consumer vehicle "playground" for each of its core brands in the United States.Courtesy CarvanaDALLAS — Carvana It aims to bring its online strategy for selling used vehicles to new car and truck sales. But don't expect the company to actually sell you a car in one of its seven cars Stellantis Franchise agents.Instead, the online auto retailer said it intends to use such dealerships as service locations, test-drive centers and perhaps "playgrounds" for consumers to decide…