Posts tagged with "Fox Business News"

Martha Stewart launches a Wayfair shop and digital how-to series as more consumers order from home

May 6, 2020

Domestic diva Martha Stewart—who is stuck at home, like the rest of us—has decided to offer her lifestyle wisdom, as well as a home furnishing collection, online online during the lockdown.

Stewart has launched a digital how-to series called “Homeschool with Martha” offering how-to tips on recipes, decorating, and crafts for the kids; as well as  a collection with wildly popular DIY online furniture company Wayfair to help fans make their living spaces feel more like home while in quarantine, Fox Business reports.

The collection features furniture, accents, appliances,and linen for every room in the house—including bedding, wall art, kitchenware, and chairs, end tables and bedding accessories with prices ranging between $29.99 for a striped sheer single curtain panel to $579 for a loveseat.

Shares of Wayfair opened higher Tuesday after the Boston-based company reported a loss of $285.9 million in its first quarter, Fox Business reported. Its losses, adjusted for stock option expense and non-recurring costs, were $2.30 per share, which beat Wall Street expectations.

Each collection is inspired by one of Stewart’s four homes—among them:

  • Perry St, a modern take on her glassy condos in Manhattan’s West Village;
  • Skylands, named for her Maine cabin which is a more timeless aesthetic;
  • Lily Pond in East Hampton,with a more coastal vibe; and
  • Bedford, a rustic, farmhouse-chic homage to her upstate New York property.

The launch comes at a time when some Americans are filling their idle time with DIY home improvement projects like remodeling rooms, planting their own gardens or repainting. And while a slew of retailers have filed for bankruptcy due to COVID-19-related store closures, the home furniture market is seeing continued growth.

Wayfair’s CEO Niraj Shah said in an earnings call Tuesday that the COVID-19 pandemic has brought first-time customers to Wayfair’s online store as people stay at home during the public-health crisis.

“Millions of new shoppers have discovered Wayfair while they shelter in place at home,” Shah said, as reported by the Wall Street Journal.

Research contact: @FoxBusiness

MLB’s revised drug policy would essentially make weed legal throughout baseball

December 11, 2019

Some players would say that it’s high time: At their winter meeting on December 9, Major League Baseball and the Major League Baseball Players’ Association reportedly agreed to remove marijuana from the list of banned substances for minor leaguers.

The agreement is set to be a part of a wider deal involving opioid use in baseball, The Athletic reported December 9, according to Fox Business News. Major league players already are not being subjected to marijuana tests, which means pot would essentially be legalized throughout professional baseball.

Minor league baseball players had previously been subjected to a 25-game suspension for the first positive marijuana test; 50 games for the second positive test; 100 games for the third positive test; and a lifetime ban for a fourth positive test.

Indeed, Fox News notes, Major League Baseball’s policy is becoming similar to that of the National Hockey League. The NHL doesn’t punish players who test positive for marijuana but would recommend treatment if a player has “abnormally high levels” of THC in his system.

In the NFL, a player who tests positive for weed the first time enters a substance abuse program. After the second positive result, he gets fined two game checks; and its four game checks after the third positive test. After the fourth, a player gets a four-game suspension; and after the fifth, a 10-game suspension. A player who tests positive for marijuana a sixth time—and it’s hard to believe that a player would continue to smoke marijuana at this point—gets a one-year suspension.

NBA players are subjected to four random tests during the regular season. A player who tests positive the first time enters a substance abuse program,; on the second, he gets a $25,000 fine, on the third positive test, he gets a five-game suspension; and five more games for each subsequent positive test.

MLB and the MLBPA are working on changes to the drug policy in the months after Los Angeles Angels pitcher Tyler Skaggs‘ death. Skaggs was found to have two different opioids in his system when he was found dead at a Texas hotel on July 1 prior to an Angels’ game against the Texas Rangers.

Under new the bylaws, players would not be suspended for opioid use but would be placed into a treatment program instead.

MLB and the MLBPA have not finalized their new drug agreement yet. MLBPA head Tony Clark said recently he was optimistic the two sides can agree on the new policy by the end of 2019.

Research contact: @FoxBusiness

The ‘Disneyland’ of football: NFL owners to invest $10M in Hall of Fame Village in Canton, Ohio

October 22, 2019

The NFL will invest up to $10 million in a mixed-use development adjoining the Pro Football Hall of Fame in Canton, Ohio.

The league’s owners voted in favor of the investment in the Johnson Controls Hall of Fame Village—located in a 200-acre tourism development district—at their fall meeting this week, the Canton Repository reported.

This would mark the NFL’s first investment in the project—although former New Orleans Saints owner Tom Benson gave $11 million before his death in March 2018 at age 90, according to the report. A 23,000-seat stadium, which is part of the village and is used for local games and a concert venue, was built during the project’s $250-million first phase and was named after him.

The second phase of construction is estimated at $268 million and will include two hotels, more youth fields, a field house with convention space, an office building, retail space, and an indoor water park.

The company behind the development, HOF Village LLC, announced in September that it was merging with publicly traded Gordon Pointe Acquisition to create a publicly traded company, pay down the village’s debt, and allow the new company to start with cash on hand, in a deal the companies valued at $390 million.

Mike Crawford, the CEO of HOF Village and the combined company, told Fox Business News they’re making “the equivalent of the ‘Disneyland’ of professional football.”

 “We are leveraging a multi-dimensional approach to engage consumers by providing authentic storytelling through our media arm while bringing those stories to life in an immersive 3D environment unlike any other,” he said.

Research contact: @FoxNews