A consulting-firm study painted a bleak picture of the Swiss watch industry. The survey found that 82% of watch executives expect a negative outlook for the coming year, up from 41% in 2015 and 19% in 2014.
The National Basketball Association’s Philadelphia 76ers on Monday became the first organization among the four major U.S. sports leagues to invest in teams that compete at videogames, a hot area attracting major advertisers and talent with ties to traditional sports.
Billionaire Wang Jianlin is in discussions to acquire control of Dick Clark Productions at a valuation of up to $1 billion through his Dalian Wanda Group Co., according to people with knowledge of the situation.
Republican presidential nominee Donald Trump redoubled his attack on the Federal Reserve and its chairwoman, Janet Yellen, accusing the central bank of “doing political things” by keeping interest rates low.