Money
Los Angeles’ Staples Center to rebrand to Crypto.com
It’s the end of and era for one of America’s most well known basketball stadiums
The Staples Centre in Los Angeles, home to the Lakers and Clippers basketball teams, will become Crypto.com Arena, according to an announcement from the cryptocurrency company late Tuesday.
It’s another sign that cryptocurrencies like bitcoin and ether have become mainstream, despite being highly volatile assets.
The arena, which is owned by AEG, is also home to the WNBA’s Los Angeles Sparks and the NHL’s Los Angeles Kings. The Grammy Awards have been held at the arena since 2000, too.
Crypto.com paid more than $700 million for the 20-year naming rights, according to the Times.
By comparison, the Clippers recently struck a 23-year deal to name their new Inglewood arena the Intuit Dome
According to CNBC, the deal is worth more than $500 million.
The arena is set to open in 2024.
The naming rights deal for SoFi Stadium — which is home to both the Los Angeles Rams and Chargers — is worth more than $600 million, according to Sports Business Journal.
Staples initially signed a $100 million deal in 1997 for the naming rights to the arena, and then signed another deal in 2009.
AEG bought the rights back in 2019, but delayed renaming the arena due to the COVID-19 pandemic, according to the Times.
Money
Big banks, inflation, and earnings: What to watch this week
Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.
Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.
This week is packed with financial news as major banks and corporations release their earnings. JPMorgan, Wells Fargo, and Goldman Sachs will reveal their year-end results, offering insight into the health of the banking sector. CEO Jamie Dimon of JPMorgan has already highlighted uncertainty in the U.S. economy, making investors watch closely.
In addition to banking, Delta Air Lines and Taiwan Semiconductor will report, shedding light on consumer spending and tech industry trends. These corporate updates will help investors gauge the broader market performance heading into 2026.
All eyes are also on December’s inflation figures, alongside retail sales and new home sales data. These reports will be key indicators for the U.S. economy, impacting stocks, interest rates, and market sentiment.
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Money
Boeing hits seven-year high in plane deliveries as demand soars
Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.
Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.
Boeing has reached its highest level of airplane deliveries in seven years, marking a strong recovery after a challenging period for the aerospace giant. The company is ramping up production of its 737 Max and 787 Dreamliners to meet growing demand from airlines worldwide.
Investors are optimistic as Boeing shares have climbed significantly over the past year, reflecting renewed confidence in the company’s long-term prospects. Airlines are responding with new orders, and Boeing has already secured 1,000 gross orders through November.
Alaska Airlines recently placed an order for 105 Boeing 737 Max 10 jets, further signalling industry faith in the manufacturer. Robust travel demand continues to drive growth for Boeing and its competitor, Airbus, highlighting a rebound in global air travel.
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Money
Wall Street hits record highs as markets shrug off Venezuela tensions
US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.
US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.
US markets surged to fresh records as investors looked past recent geopolitical tensions following the US attack on Venezuela. Confidence returned quickly, driving broad gains across major indices.
The S&P 500 climbed 0.7% to reach a new all-time intraday high, while the Dow Jones Industrial Average jumped 495 points, or 1%, also setting a record during Tuesday’s session.
The rally signals continued optimism around economic resilience, despite global uncertainty and ongoing international conflicts.
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