Latest Stories

  • Taylor Swift Eras Tour’s financial impact on sports stadiums

    What do professional sports teams and Taylor Swift have in common aside from ties to Kansas City Chiefs tight end Travis Kelce? The financial impact of The Eras Tour. This past weekend Taylor Swift wrapped her 18-month, 152-show Eras Tour which brought in over $2 billion in gross revenue, making it the highest grossing concert tour in history. Not only is the billionaire pop star benefitting from these earnings, but some sports teams are also profiting from it as well. On this week’s episode of Yahoo Finance Sports Report, host Joe Pompliano talks about Taylor Swift’s Eras Tour and how stadiums were financially impacted by these concerts. There are currently a dozen stadiums owned by sports teams that hosted the Eras Tour. These stadiums include Hard Rock Stadium in Miami, MetLife Stadium in New York, Gillette Stadium in Foxborough, Mass. to name a few. “The reason for [their financial benefit] is simple,” Pompliano says. “If you look at [Swift’s] average concert, it produces about $10 million in ticket sales. She has a bunch of expenses though and the biggest [expense] is actually renting out the venue itself. That costs about $2-3 million per show, which the stadium venue gets to keep. Then these venues get to keep an additional million or so in other things like concessions, merchandise, parking, et cetera.” Some of these stadiums hosted multiple nights of the concert too, so their revenue multiplied.“This is why owning your own venue as a professional sports team is so important,” Pompliano says. “You can fill that venue on nights when you don't have games with things like concerts… This is a huge financial benefit for some of these teams, and it's why some of these professional organizations now look less like sports teams and more like real estate companies.” To hear more, check out this week’s episode of Yahoo Finance Sports report here. Yahoo Finance Sports Report with Joe Pompliano, a vodcast brought to you by Yahoo Finance and Yahoo Sports, looks beyond the latest sports business headlines, analyzes all the need-to-know news - the teams, trades, and billion dollar deals - so you and your portfolio will win BIG. Yahoo Finance Sports Report is developed and produced by Lauren Pokedoff.

  • USDA does not expect to resume Mexico cattle imports before holidays, chief veterinary officer says

    CHICAGO (Reuters) -The U.S. Department of Agriculture late on Friday walked back comments that it could resume imports of Mexican cattle before year-end holidays, after it suspended shipments last month due to the discovery of New World screwworm in Mexico. The agency also said it approved a second round of emergency funding to block the flesh-eating livestock pest from entering the United States. Lifting the import suspension would remove a barrier for the U.S. agricultural sector, as farmers and consumers prepare for rising prices and supply-chain disruptions if President-elect Donald Trump follows through on plans to slap tariffs on goods from Mexico and Canada.

  • “Squid Game”'s Lee Jung-jae Says Season 2 Will Have 'More Surprises' Than the First: 'So Many Twists and Turns' (Exclusive)

    "There are games within games, and I call them psychological warfare," Jung-jae teases

  • SpaceX wants to make Starbase a new Texas city. Here's how it could happen

    McALLEN, Texas (AP) — In the decade since SpaceX arrived on the Texas coast, billionaire Elon Musk's company has created thousands of jobs near the Mexico border, launched rockets and sprung up new homes — all around an area dubbed Starbase.

  • Is Cogent Communications Holdings Inc. (CCOI) the Best Telecom Stock to Invest In Now?

    We recently compiled a list of the 12 Best Telecom Stocks To Invest In Now. In this article, we are going to take a look at where Cogent Communications Holdings Inc. (NASDAQ:CCOI) stands against the other telecom stocks. The global telecom services market was valued at $1.80 trillion in 2022 and is projected to grow at […]

  • 'How dare you': Family of 10-year-old murder victim confronts killer at clemency hearing

    'How dare you': Family of 10-year-old murder victim confronts killer at clemency hearing

  • Nebraska crews prepared to treat roads during winter weather

    NDOT said the interstates are their first priority due to the number of lanes and amount of traffic on those roadways.

  • Earthquakes and blowouts undermine case for carbon storage in Texas

    Texas has seen surging interest from companies hoping to bury carbon dioxide in its oilfields, putting the state at the vanguard of a government-subsidized program to fight climate change. But pumping CO2 into the ground could exacerbate earthquakes and well blowouts already happening in the Permian Basin as Texas struggles to manage wastewater disposal, potentially undermining public support. "Without legitimate oversight of underground injection in Texas, we expect more geyser-like well blowouts, sinkholes, leaks from plugged and unplugged wells, and injection-induced earthquakes," said Virginia Palacios, executive director of Commission Shift, a Texas watchdog group pushing for tougher oversight of the oil and gas industry.

  • Photos: UFC on ESPN 63 ceremonial weigh-ins and faceoffs

    Check out these photos from the UFC on ESPN 63 aceremonial weigh-ins and fighter faceoffs, ahead of the pay-per-view event taking place at Amalie Arena in Tampa, Fla. (Photos by Danny Segura of MMA Junkie).

  • As IU Football keeps winning, revenue keeps soaring for one Indiana business

    As IU Football keeps winning, revenue keeps soaring for one Indiana business

  • Is Lumen Technologies Inc. (LUMN) the Best Telecom Stock to Invest In Now?

    We recently compiled a list of the 12 Best Telecom Stocks To Invest In Now. In this article, we are going to take a look at where Lumen Technologies Inc. (LUMN) stands against the other telecom stocks. The global telecom services market was valued at $1.80 trillion in 2022 and is projected to grow at a […]

  • Man in hospital after dog attack

    A Mira Mesa man is in the hospital after being attacked by dogs Friday.

  • Luigi Mangione reward money: Tipster in UnitedHealthcare CEO shooting needs to wait for payout

    The tipster who called 911 on Luigi Mangione won't be able to collect reward money without a conviction.

  • Police release more details on man arrested for allegedly killing Del City body shop owner

    Police release more details on man arrested for allegedly killing Del City body shop owner

  • 'Whose idea was this?': Tulsa DA questions request for patient outsourcing

    'Whose idea was this?': Tulsa DA questions request for patient outsourcing

  • Frustrations over USPS delays

    Frustrations over USPS delays

  • Blanchard student fire SRO's weapon on playground

    Blanchard student fire SRO's weapon on playground

  • Today In History 1214

    Today In History 1214

  • Supreme Court will take up a challenge related to California's tough vehicle emissions standards

    WASHINGTON (AP) — The Supreme Court on Friday said it would take up a business-backed appeal that could make it easier to challenge federal regulations, acting in a dispute related to California's nation-leading standards for vehicle emissions.

  • Is Vodafone Group (VOD) the Best Telecom Stock to Invest In Now?

    We recently compiled a list of the 12 Best Telecom Stocks To Invest In Now. In this article, we are going to take a look at where Vodafone Group (VOD) stands against the other telecom stocks. The global telecom services market was valued at $1.80 trillion in 2022 and is projected to grow at a 6.2% […]