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Sports Team Sale Prices Keep Hitting New Highs

The deal for the Los Angeles Lakers valued the team at a record $12.5 billion, eclipsing the $10 billion paid for the franchise just last year.

© Mario Tama/Getty Images

A statue of Kareem Abdul-Jabbar outside Crypto.com Arena, home of the Los Angeles Lakers.
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July Retail Sales Notch Biggest Drop in Over a Year

The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation

© Zack Wittman for The New York Times

U.S. shoppers spent less in July, as consumers struggled with persistent inflation, higher grocery bills and rising housing costs.
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