Major League Baseball, the National Pasttime, was able to salvage something of a season in 2020 despite COVID-19, but the pandemic prevented most of the fans from attending live games. Now, in 2021, with encouraging vaccine numbers in the U.S., teams like the Boston Red Sox are welcoming back their fans to stadiums. Cheddar stopped by the oldest ballpark still in operation in the MLB, Fenway Park, to see how the return to some semblance of normalcy was going.
Wealthy individuals and industry leaders are driving soaring sports team valuations, fueled by private equity and growing interest in leagues like the WNBA.
The incoming Fed decision will likely be good news for consumers with high-yield saving options, but bad news for borrowers (like anyone with high credit debt).
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Inflation is still high, and economic activity is starting to slow down. But before you start to panic about stagflation, wait to see this week’s jobs report.
