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The regional sports networks owned by Main Street Sports Group are winning over streaming subscribers.FanDuel Sports Network, the recently rebranded portfolio of regional channels, said Monday its paid subscribers doubled to nearly 650,000 over a period of eight weeks. The company expects to reach one million direct-to-consumer customers by the end of the year.The update comes months after Main Street Sports Group emerged from bankruptcy protection, having significantly trimmed its debt load and scaled back on the number of teams in its portfolio after reworking its agreements with lenders, teams and leagues.There are 15 owned and operated networks under the…

More than 11,400 Internal Revenue Service employees have either received termination notices as probationary employees or voluntarily resigned, representing an 11% reduction to the agency’s workforce, according to a report released Monday by the Treasury Inspector General for Tax Administration. In February, the IRS had around 103,000 employees, but that number has dropped by about 11% due to a series of executive orders from President Trump since his inauguration in January and the downsizing instigated by the Elon Musk-led Department of Government Efficiency, also known as the U.S. DOGE Service. Specifically, 7,315 probationary employees received termination notices, according to the report,…

As Wall Street has poured money into technology budgets and become major players in patents and research, it’s also become a destination for technologists to work — rivaling even Silicon Valley.This as-told-to essay is based on a conversation with Melissa Goldman, a partner and tech leader at Goldman Sachs. She started her career 30 years ago at Goldman Sachs as an analyst and worked her way to managing director before departing for the rival firm JPMorgan Chase, where she helped lead the corporate tech division as a chief information officer.Goldman joined Google in 2022 as a vice president and global…

The Ford display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCDETROIT — Ford Motor beat Wall Street’s first-quarter expectations, but suspended its 2025 financial guidance amid an expected $2.5 billion impact this year from President Donald Trump’s tariffs.The Detroit automaker said it expects to offset $1 billion of those costs through remediation actions as well as volume and pricing expectations for a total impact of $1.5 billion in 2025.Ford cited “near-term risks, especially the potential for industrywide supply chain disruption impacting production” and the potential for future or increased tariffs in the U.S.,…

The entrance of the Skechers retail store at the Barton Creek Square Mall on July 16, 2024 in Austin, Texas.Brandon Bell | Getty ImagesFootwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced Monday.The price 3G Capital agreed to pay represents a 30% premium to Skechers’ current valuation on the public markets, which is in line with similar takeover deals. Shares of Skechers closed up more than 24% Monday after the transaction was announced.”With a proven track-record, Skechers is entering…

Enjoy complimentary access to top ideas and insights — selected by our editors. Tax season usually marks the busiest time of the year for IRS professionals, but for the 30,000 staff who have accepted buyouts or been laid off by the agency this year, the calendar has  been painfully clear. Higher-ups have not been immune to the upheaval, with four IRS commissioners and multiple unit chiefs departing. Michael Faulkender, former deputy secretary of the Treasury, was announced as the newest acting commissioner on April 18 — replacing a predecessor who had been in place for less than a week.”The fight against…

Being your own boss sounds great—until you realize the boss never clocks out.Young people have been flocking to small business ownership, which has driven up demand for search funds, a targeted form of private equity where one or two entrepreneurs search for a small business to run. The trend is only expected to continue as tariff uncertainty casts a long cloud over industries ranging from private equity to consulting to technology.To help understand the pros and cons of running a small business, Business Insider spoke to Chad Howard, an entrepreneur who quit his corporate job to start Halftime Rentals, a…

HONG KONG (AP) — Oil prices fell more than $2 a barrel early Monday after the OPEC+ group of oil producing nations said it plans to increase output. U.S. futures fell U.S. benchmark crude oil sank $2.21 or 3.8% to $56.08 per barrel in electronic trading on the New York Mercantile Exchange.Brent crude, the international standard, lost $2.14 to $59.15 per barrel.During the weekend, the OPEC+ group of eight nations announced it will raised its output by 411,000 barrels per day as of June 1, stepping up production increases. The group said strong fundamentals were behind the decision, though analysts…

Wesley Stanovsek was a dream hire for the IRS in 2024.With $80 billion in new funding from Congress, the IRS went shopping for young, tech savvy accountants and engineers who could deconstruct the complex returns of the wealthy and private companies. Stanovsek, based in Columbus, Ohio, specialized in S-corps, trusts and partnerships before getting hired by the IRS’s High Wealth division.In February he was fired, along with other IRS agents who were considered “probationary” since they had been there less than a year. Stanovsek was working on three “enterprise” cases at the time — two involving partnerships and one involving…