Sage Investment Club

Las Vegas Grand Prix expected to generate $1.3 billion, double the Super Bowl’s impact

Formula 1’s Las Vegas Grand Prix will have more than double the economic impact of the Super Bowl, according to a recent analysis. The F1 race weekend, slated for Nov. 16-18, is estimated to bring $1.3 billion in spending to the city, according to Applied Analysis. That sum includes a projected $966 million in visitor spending and $316 million in event operations and […]

McDonald’s earnings haven’t been hit by higher prices, as ‘it just seems like Americans are more upset by the change in price at grocery stores’

Rising prices have kept diners away from many restaurants, but not McDonald’s Corp. As the ubiquitous burger chain prepares to report fourth-quarter results on Tuesday with its stock close to record highs, Wall Street could get pickier about signs of the company’s growth, though analysts were largely upbeat heading into the report. Some said McDonald’s […]

How Kobe Bryant made his $600 million fortune — and who is in charge of it now

It’s been three years since NBA legend Kobe Bryant, his daughter Gianna, and seven others tragically died in a helicopter crash in Los Angeles in January 2020. Bryant was an NBA Most Valuable Player, five-time NBA champion, and one of the most influential players who has ever picked up a basketball. He was also a […]

J.D. Wetherspoon sales rise on year, but remain short of prepandemic levels

J.D. Wetherspoon PLC said Wednesday that sales for the first half of fiscal 2023 rose on year though remained below prepandemic levels, and said it was cautiously optimistic for the full-year. The U.K. pub operator UK:JDW said sales on a like-for-like basis for the half-year period ended Jan. 22 rose by 13%, though remained 0.7% […]

Bad omen? Americans ate out less over the holiday season.

What’s one of the first things people do when they get worried about the economy? They cook more at home and eat out less. That’s what happened toward the end of 2022. Sales at bars and restaurants fell in both November and December — the first back-to-back monthly declines in almost a year. Receipts at […]

WWE streaming on Netflix or Amazon? One analyst says it’s possible

World Wrestling Entertainment Inc.’s search for a buyer or some other business arrangement has “a reasonable probability of success” that could draw the interest of streaming giants like Netflix Inc. NFLX, -1.98% and Amazon.com Inc. AMZN, -2.11%, Wells Fargo analysts said Tuesday. Those analysts upgraded WWE WWE, +0.29% shares to their version of hold from […]