Geography plays a key role in executive compensation.
The big picture: The median pay package (salary, bonus, stock) for those who lead S&P 500 companies rose 34% from 2015 through 2021 compared to a decline of 13% for CEOs of FTSE 100 firms, the WSJ reports, citing data from Equilar and Deloitte U.K.
Hollywood has a history of making movies and shows based on video games, but this week’s release of “The Super Mario Bros. Movie” from Nintendo and Illumination cements the marriage of the two industries.
Context: Nintendo is the most influential gaming company in the world.
Dominion Voting Systems can force Rupert Murdoch and his son Lachlan to take the witness stand in court at a defamation trial later this month, a Delaware judge ruled at a hearing on Wednesday, per CNN.
Why it matters: The ruling deals a major blow to Fox News, which had been trying to persuade the judge not to compel the elder Murdoch, who serves as chair of Fox News parent Fox Corp., to testify in person.
Savvy Games, owned by Saudi Arabia's sovereign wealth fund, on Wednesday said that it is buying Scopely, the California-based maker of mobile hits like Marvel Strike Force and Scrabble GO.
Why it matters: Savvy will pay $4.9 billion, making it one of the largest-ever gaming acquisitions.
If there’s one thing that can lure customers back into the theaters, it’s familiar and beloved brands.
Why it matters: With investments instreaming content rising, profit worries growing and audiences scattering to their living rooms (or wherever their phones are), it’s more difficult for studios to gauge which bets will pay off.
Hawaii could soon require tourists to pay a fee to visit state parks and trails under a bill moving through the state legislature.
Why it matters: Tourism has significantly exacerbated environmental damage to the islands, which already suffer outsized climate change effects. Locals have increasingly voiced frustration over the years amid reports of visitors harassing wild animals, hurting coral reefs and leaving behind plastic waste.
The economy hit a quiet milestone in recent months: The labor market is seeing more equitable employment outcomes across racial groups than it has in years.
Where it stands: For the half-century data has been available, white workers have enjoyed higher rates of employment than Black workers. That gap still exists, but it has been shrinking notably.
Last month a new Canadian private equity firm called Ethical Capital Partners announced the acquisition of MindGeek, the controversial owner of Pornhub and other adult content sites.
We had questions, and now have answers (some of which led to more questions).
FedEx, the Memphis, Tenn.-based delivery giant, this morning said it will consolidate its ground, express and freight operating companies into a single organization.
Why it matters: The move reflects increased financial pressures on delivery companies as labor costs grow, pandemic-era volume abates and a possible recession looms.
Public is attempting to usher in the post-meme stock trading era with a new offering that aims to make trading less “emotional” for retail investors.
Driving the news: The investing platform is rolling out “Investment Plans,” a tool that will allow members to put their portfolios on autopilot — divorcing emotion from asset buying in increasingly stressful market conditions.
Electric vehicles (EVs) accounted for 7% of new vehicle registrations in the U.S. in January, up from 4.1% in January 2022 — another sign that the EV transition is gaining momentum.
As the overall EV pie grows, Tesla's market share continues to shrink.
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