Connor Hughes

In a significant shift in sports broadcasting, both the Dallas Mavericks and New Orleans Pelicans are set to move away from traditional local sports networks as the new NBA season approaches. The shift marks a major adjustment in how fans will access games for these popular teams. The shift away from local TV networks is expected to impact the way regional fans follow their favorite teams, potentially moving toward more centralized or streaming-based services. This shift reflects the changing landscape of sports media, where digital platforms are increasingly becoming the preferred method for content distribution. For the Mavericks and Pelicans,…

In an unprecedented move, the National Football League is set to vote on a proposal that would allow it to claim a share of profits from private equity investments. The proposal is key to a critical upcoming vote that could reshape the league’s financial foundation. The move, aimed at harnessing the potential for high returns from private equity investments, aims to ensure a sustainable revenue stream for the NFL while improving financial stability among its teams. With significant funds at stake, the outcome of this vote could usher in a new financial era in sports management, where leagues take a…

Target CEO Brian Cornell firmly rejected accusations of price gouging in the hypercompetitive retail industry during an interview Wednesday on CNBC's "Squawk Box." During the discussion, Cornell was confronted with remarks from Democratic presidential candidate Vice President Kamala Harris, who recently supported a federal ban on "corporate price gouging" in the food and grocery industry. Harris cited concerns about companies overcharging consumers and contributing to higher household costs. In response, Cornell pointed to the slim profit margins typical of retail, saying, “We operate on a shoestring profit.” He also highlighted the many options consumers have for finding competitive prices, from…

As the Federal Reserve’s September interest rate decision approaches, dividend stocks are increasingly attracting investors’ attention. Paul Baiocchi of SS&C ALPS Advisors endorses this approach, predicting a potential rate cut by the Fed. “With the expectation of falling interest rates, investors are shifting their attention to dividend-yielding stocks rather than traditional money markets or fixed income securities. This is particularly beneficial for leveraged companies,” said Baiocchi, the ETF’s chief strategist. SS&C ALPS Advisors manages several dividend-focused exchange-traded funds, including the ALPS O'Shares US Quality Dividend ETF (OUSA) and the ALPS O'Shares US Small-Cap Quality Dividend ETF (OUSM). Compared to the…

Explore noteworthy changes in the stock market after the close of trading: Cava Group — The fast-casual restaurant chain saw its stock price rise nearly 6% after hours as its earnings beat projections. Cava’s earnings came in at 17 cents a share, beating LSEG forecasts by 4 cents, with revenue also beating expectations. Uber — Shares of the ride-sharing giant fell about 3% after announcing a long-term partnership with General Motors’ Cruise for autonomous vehicle services. The partnership aims to introduce driverless ride options to Uber’s service offerings by next year. Meanwhile, General Motors enjoyed a slight boost, with its…