Jean Thompson

More news - Breaking news 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.…

More news - Recent news 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…

More news - Latest news Edgar Bronfman Jr. has made a major offer to acquire a major stake in Global Paramount, potentially ensuring that Shari Redstone remains a key figure within the organization. A source familiar with the negotiations said Bronfman's offer includes a clause that Redstone, who currently serves as Paramount's non-executive chairman, will continue his involvement with the company. This condition is contingent on his offer being accepted by Paramount's special committee by National Amusements, the major shareholder. Bronfman reportedly secured $6 billion to outbid Skydance Media for control of National Amusements, a company originally founded by Sumner…

More news - News 24 hours On a crucial Friday, Federal Reserve Chairman Jerome Powell laid out the groundwork for upcoming interest rate cuts, but gave no details on the expected timing or scope of those cuts. In his highly anticipated speech at the Federal Reserve’s annual meeting in Jackson Hole, Wyoming, Powell announced, “It’s time to change our approach.” He explained that while the future course is set, the specifics of the timing and size of rate cuts will depend on new data, future economic projections and risk assessments. Live Update: Chairman Jerome Powell Speaks at Jackson Hole Conference…