Dude Perfect will invest more in toys, gaming, new content around women's sports and live events, newly named CEO Andrew Yaffe said at Axios' BFD event alongside co-founder Coby Cotton.
Why it matters: The sports and comedy brand, best known on YouTube, is gearing up for a big expansion after raising more than $100 million.
Former Abercrombie & Fitch CEO Mike Jeffries, his partner Matt Smith and another man, Jim Jacobson, were arrested Tuesday as part of a criminal sex trafficking investigation, a spokesperson for the U.S. Attorney's Office for the Eastern District of New York confirmed.
The big picture: Their arrest comes nearly a year after a former model sued the fashion brand, accusing Jeffries of leading a "widespread sex-trafficking operation."
The Federal Aviation Administration on Tuesday issued long-awaited rules that will help pave the way for the commercialization of electric air taxis as soon as next year.
Why it matters: This new form of transportation, known as "advanced air mobility," represents the biggest innovation in aviation since the jet age and could revolutionize how people move within and between cities.
Child welfare advocates are pressuring New Mexico, which has the largest proportion of Latino residents nationwide, to create state-funded saving accounts for children born into poverty.
Why it matters: Roughly28% of New Mexico children under age 5, and a quarter of those under 18, live in poverty — while the official poverty level nationally is 11.1%.
The U.S. economyhas defied predictions of a recession and is on track to continue its world-beating streak of robust growth, according to new forecasts from the International Monetary Fund.
Why it matters: The world faced a slew of shocks in recent years — pandemic, inflation, war and more. But one thing has stayed constant: The U.S. economy has come out in a better position than other large, rich nations.
Horror fans and Halloween party hosts, these are the terrifying titles available to stream this October on Netflix, Hulu, Peacock, Apple TV+, Prime Video and Max.
What we're watching: Horror, thriller and suspense from "Dracula," "Ghostface" and "Coraline" to paranormal mysteries and true crime.
New York City's first solar-powered school buses will help to manage the city's growing demand for electricity by generating clean energy and sending it to the local grid during periods of peak demand.
Why it matters: By integrating solar buses into a smart energy hub, or microgrid, the project aims to show how electrification can work affordably even in urban areas like Brooklyn, where space is limited and demand for clean energy is high.
For the last 15 years, all you've needed to do to achieve double-digit returns on your money was park it in an S&P 500 index fund, reinvest dividends, and forget about it. That happy ride may be over, according to a new note from Goldman Sachs that has Wall Street abuzz.
The big picture: The S&P is on track to return only about 3% a year in the coming decade, Goldman's portfolio strategy group estimates. Compare that to 13% average annual returns over the last ten years.
Weeks before "Wicked" flies into movie theaters, promotions for the film are starting to pop up everywhere from grocery stores to Starbucks and beyond.
Why it matters: "Wicked" is on track to have one of the biggest opening weekends of 2024 with first-day ticket presales on Fandango trailing only "Deadpool & Wolverine," according to NBCUniversal.
Once a bastion for buttoned-up center-right executives, corporate America has drifted left, a new study finds.
Why it matters: While radical leftists have hardly conquered the business world, the research is a sign that the strong connection between the Republican party and corporate America is loosening.
Elon Musk, Tesla and Warner Brothers Discovery are being sued by "Blade Runner 2049" production firm Alcon Entertainment for alleged copyright infringement, which accused them on Monday of "a massive economic theft."
The big picture: Alcon alleges the defendants used an AI-generated image like the one from "Blade Runner 2049" to promote Tesla's robotaxi concept at Warner Bros. Discovery's studio lot in Burbank, California, earlier this month after it denied their request to use "an iconic still" from the 2017 movie at the event.
Ohio offers opportunities for business leaders in health care, life sciences, technology and other fields to achieve their goals and find long-term success.
Here's how: The Midwestern state has a favorable business climate and a private economic development corporation committed to helping companies achieve growth — without surprises.
