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Two family investment groups have been given permission by the National Football League to purchase a minority ownership in the Philadelphia Eagles. According to a league source, the Eagles are valued at $8.3 billion and the transaction is for an 11% ownership part in the team. At an NFL owners' meeting in Dallas on Wednesday, the sale was approved. It does not include the stadium or any other assets; it just comprises the sports team. According to the source, longtime owner Jeffrey Lurie will continue to have a majority stake in the franchise. In September, the Philadelphia Eagles were ranked ninth in terms of value at $7 billion by CNBC's Official NFL Team Valuations. Control stakes are the basis for CNBC valuations. More from CNBC Google releases the first of its Gemini 2.0 AI ...

Authorities stated Wednesday that the Wisconsin man, who reportedly staged his own death before appearing alive and well abroad, has returned to the United States and was arrested by sheriff's deputies. Before being transported to the Green Lake County Jail on unidentified charges, Ryan Borgwardt made his way back to the United States on Tuesday, Sheriff Mark Podoll informed reporters. Podoll remarked, "We brought a dad back on his own accord," Before Borgwardt returned home on his own initiative, the sheriff refused to disclose where he had been residing. According to Podoll, he might be ordered to pay back the expenses of the search and rescue operation. "Relieved," the sheriff spoke, describing his feelings upon Borgwardt's return. "We didn't stop. We keep helping our community whenever...

As part of its newest effort to attract higher-paying passengers and turn a profit again, JetBlue Airways intends to install domestic first-class seats on aircraft that do not currently have its premium Mint class in 2026. In a memo to staff, JetBlue president Marty St. George stated that all of the airline's Airbus planes that do not feature Mint, the airline's lie-flat seats, will have two or three rows of domestic first-class seats. We have investigated the possibility of extending a version of Mint throughout the fleet since its inception more than ten years ago, frequently jokingly referring to it as junior Mint or mini-Mint, St. George stated. He claimed that because Mint cannot be replicated on shorter trips, the airline has to find a way to accommodate customers who are prepared to...

Tom Brady has given Sotheby's a lot of points. The 41 objects up for auction sold for a total of $9 million during the auction house's Tuesday night GOAT Collections sale. There were watches, jerseys, and other sports memorabilia in the lots. Just the watches generated $4.6 million. Brady's 1969 rare yellow gold Rolex Daytona Paul Newman "John Player Special" was the auction's top-selling piece, fetching $1.1 million. During a ceremony at Gillette Stadium in 2023, when owner Robert Kraft announced the seven-time Super Bowl winning quarterback would be inducted into the Patriots Hall of Fame, Brady wore the watch for the first time. Four collectors fought for the opportunity to acquire a piece of Brady's University of Michigan past. The day-worn jersey he wore to his final college game brou...

Last week, mortgage rates dropped once more. Although it wasn't a significant drop, it was enough to encourage existing homeowners to start looking for ways to save money. The seasonally adjusted index of the Mortgage Bankers Association showed a 5.4% increase in overall mortgage demand over the previous week, driven by the spike in refinances. For 30-year fixed-rate mortgages with conforming loan sums of $766,550 or less, the average contract interest rate dropped from 6.69% to 6.67%, and for loans requiring a 20% down payment, the points dropped from 0.67 to 0.66. The weekly drop was the third in a row. The number of home loan refinance applications increased by 27% week over week and by 42% over the same period last year. Because the base volume is still so small, the percentages are hi...

Albertsonson formally ended its proposed $25 billion merger with Kroger on Wednesday and sued its grocery rival, claiming Kroger broke the terms of the agreement and failed to fulfill its obligations to help the deal be approved. The proposed tie-up was barred by a judge the day before. According to a news statement from Albertsons, Kroger violated the terms of the merger agreement by consistently refusing to sell off assets required for antitrust approval, disregarding regulators' advice, turning off more powerful divestment buyers, and not collaborating with Albertsons. In a statement, Albertsons General Counsel and Chief Policy Officer Tom Moriarty said that Kroger's self-serving actions, which were performed at the expense of Albertsons and the agreed-upon agreement, had hurt Albertson...

What whales do out of love. The record for the longest known migration between breeding sites was set by a humpback whale, which astounded experts with a journey that covered more than 8,000 miles and three oceans. The researchers' findings, which were published on Wednesday in the Royal Society Open Science journal, imply that the odyssey might be related to a change in mating habits or climate change, which is altering ocean conditions and reducing food supplies. These migrations to new breeding areas may be prompted by shifting ocean and climatic circumstances. Darren Croft, an executive director of the Center for Whale Research and a behavioral ecology professor at the University of Exeter in the United Kingdom, suggested that people might be seeking out new chances due to the increasi...

The rapidly spreading, almost 4,000-acre Malibu wildfire in Los Angeles County, California, has burned homes and prompted authorities to urge the evacuation of about 20,000 residents due to strong winds. As thousands of first responders attempted to contain the fire, the Los Angeles National Weather Service issued a warning Tuesday night that there was still a "very extreme fire danger" over southern California. According to an update from the city of Malibu, the Franklin Fire has grown by 600 acres this morning and is now 3,983 acres with 7% containment as of 7 a.m. local time (10 a.m. ET). Several well-known people who reside in the coveted coastal town of Malibu are among the evacuees fleeing Malibu. Actor Dick Van Dyke, who turns 99 on Friday, said on Facebook that he and his wife Arle...

Jay-Z, whose actual name is Shawn Carter, is a rapper and businessman who was accused on Sunday of raping a teenage girl following an awards event over twenty years ago. The hip-hop tycoon, Sean Diddy Combs, is also facing federal sex trafficking accusations and a number of cases alleging sexual assault. The complaint, filed in federal court in the Southern District of New York, stated that the plaintiff in Sunday's claim was 13 years old at the time of the alleged assault. Carter said in a statement on Sunday that the accusations were "idiotic" and refuted them. The lawsuit was dismissed by Combs' legal team as a blatant publicity gimmick. What we know about the lawsuit is as follows. What are the allegations against Carter? Originally brought against Combs in October, the complain...

Macy's said Wednesday that a rogue employee was in charge of concealing $151 million in delivery costs over almost three years. The department store chain claimed in a statement that accompanied its quarterly financial results that one employee who was in charge of accounting for small package delivery expenses purposefully made false cost entries from the fourth quarter of 2021 to the third quarter of 2024. According to a regulatory filing made by Macy's on Wednesday morning, the employee also fabricated supporting documentation. During the company's earnings call, Tony Spring, the chairman and CEO of Macy's, stated that the inquiry revealed the employee acted independently and did not seek these actions for personal benefit. According to individuals acquainted with the inquiry, the emplo...