- Associated Press
Florida State asks the NCAA to reduce and rescind penalties imposed on its football program
Florida State has asked the NCAA to reduce and rescind penalties imposed on its football program for NIL-related recruiting violations after the sanctioning body halted investigations into booster-backed collectives. FSU’s legal counsel sent a three-page letter to Kay Norton, chairperson of the Division I Committee on Infractions, and requested the committee amend its decision.
- Yahoo Finance Video
Walmart CFO, Fmr Home Depot CEO, & more: C-Suite Insights
Yahoo Finance sat down with executives across a variety of industries. Here are some of the key moments: tastylive Founder and CEO Tom Sosnoff (00:00:05) tastylive Founder and CEO Tom Sosnoff discusses the recent surge in GameStop (GME) shares. “This is not going to be a repeat of 2021 and that whole… crazy meme stock explosion,” Sosnoff notes. “I think this is going to be... a much more muted version of what we saw… I do not think this is 2021 all over again.” The Vitamin Shoppe CEO Lee Wright (00:00:49) The Vitamin Shoppe CEO Lee Wright discusses how the company’s “expanding the ecosphere of what The Vitamin Shoppe offers to both existing and new customers” with its new GLP-1 program. On the state of the consumer, Wright notes, “we are seeing a consumer that is a bit strained right now, they are feeling pressure, they’re looking for more value.” Former Home Depot CEO Bob Nardelli (00:01:11) Former Home Depot CEO Bob Nardelli explains that “some of the discretionary projects that were done during COVID, post 9/11, when the home became a sanctuary, are now being deferred,” as Home Depot's (HD) first quarter earnings missed revenue estimates. Thrive Market CEO Nick Green (00:01:50) Thrive Market CEO Nick Green notes that “people are looking for ways to save.” “People have gotten hit, they’re feeling it. It’s even more acute on certain kind of staples.” Walmart CFO John David Rainey (00:02:11) Walmart (WMT) CFO John David Rainey notes that “the consumer has been relatively consistent,” as the company reported first quarter earnings. “We see that wallets are still stretched, they’re still looking for value, they’re still using discretion with buying those... higher income items.” For more expert insight and the latest market action, click here. This post was written by Mariela Rosales.
- Associated Press
Frontier Airlines, stuck in a money-losing slump, is dumping change fees and making other moves
Frontier Airlines, which has struggled more than other U.S. carriers to recover from the pandemic, says it is eliminating change fees on some tickets and creating four fare classes to boost its appeal to more travelers. Frontier, like rivals Spirit Airlines and Allegiant Air, advertises low fares but tacks on more fees than the larger carriers. The budget carriers have struggled, however, as big airlines created their own no-frills tickets to lure away the most cost-conscious travelers.
