LeBron James’ entertainment company, SpringHill, is in early talks with Nike and other bidders about a sale, according to a report. Formed by the 36-year-old NBA star and his longtime business partner Maverick Carter, SpringHill is in “early stage” discussions, Bloomberg News reported. Talks between suitors and SpringHill, which is behind the upcoming Warner Bros. … Read more
Federal Reserve Chairman Jerome Powell on Wednesday stuck to his position that inflation is temporary even as new data stoked concerns among Wall Street big wigs that higher prices could be here to stay. “Inflation has increased notably and will likely remain elevated in coming months before moderating,” Powell said in prepared testimony that will … Read more
REvil, the Russia-linked cyber gang blamed earlier this month for a massive ransomware attack that affected hundreds of businesses globally, has vanished from the web. As of Tuesday morning, the group’s public website, the dark-web site the gang used to facilitate its ransom negotiations and the site that victims used to pay the ransom fees were all offline, … Read more
Fast-food giant Popeyes has been stashing chicken for months amid a nationwide shortage and price hikes — to ensure it has a healthy reserve of poultry ahead of the debut of its new nuggets later this month. The Miami-based chain, which is owned by Restaurant Brands International, has been building its reserve of frozen chicken … Read more
David Solomon’s bid to rebrand Goldman Sachs as environmentally green is going up in flames — courtesy of a bankrupt oil and gas company in North Dakota. That’s the charge from critics — and creditors — who claim that Goldman, as a key lender of debtor-in-possession financing to Nine Point Energy, has failed to curb … Read more