Women's World Cup on Pace for Record-setting Ticket Sales
Not even one week into the 2023 FIFA Women’s World Cup, this year’s tournament is already on pace to obliterate records. FIFA announced on Monday that it has sold 1.5 million tickets for the event, which is scheduled to take place through Aug. 20 across New Zealand and Australia. Attendance is up in the first 12 games, with an average attendance of over 30,000 as compared to just over 21,000 throughout the 2019 tournament in France. Thus far, Australia’s home field 1-0 win over Ireland drew the biggest crowd with 75,784 at Stadium Australia. A FIFA official indicated that the World Cup ticket sales thus far are on track to beat previous records tallied during the 2015 event in Canada.
Kylian Mbappé Receives Jaw-dropping Offer from Saudi Arabia's Al-Hilal
Kylian Mbappe‘s days with Paris Saint Germain are numbered. As he considers the option for his new home team, the 24-year-old forward has received a record-setting offer from Saudi Arabia’s Al-Hilal. The club reportedly made a record $332 million bid to Paris Saint-Germain for Mbappé, who has one year left on his contract, with a salary offer of just over $775 million for that last season. However, reports indicate that Mbappé has little interest in this offer, making his sporting future murky.
Apple Considers Price Hike for Next iPhone Model
Apple has had a huge year. Just weeks after it became the first company to close a trading day with a valuation over $1 trillion, CNBC reports that the tech giant is considering raising the price of its upcoming model of the super-popular iPhone. The company has not raised its prices since 2019, but the boost is expected to increase revenues. The next model is expected to drop in September and is rumored to feature a USB-C charger, following European regulations.
Adidas Draws $565M in Sales with Yeezy Products
After the dissolution of its partnership with Kanye West, Adidas grappled with what to do with its remaining stock of Yeezy products. The company opted to put 4 million pairs of the popular shoe up for sale. The gamble paid off handsomely, as the Financial Times reported that the sale netted $565 million. The company refused to comment on the matter, but investors will get a sense of the impact on the company’s bottom line when the Three Stripes drops its quarterly sales report on Aug. 3.
Bitcoin Stumbles Amidst Binance Concerns, Ahead of Regulatory Discussions
Bitcoin experienced a setback on Monday. The cryptocurrency dropped under the $30,000 marker for the first time since June 21 as investors raised concerns over two major issues confronting the crypto market. First, in the wake of the SEC investigation of Binance, there is increasing concern that the company may have inflated the value of the cryptocurrency. Meanwhile, Wednesday marks the beginning of a two-day meeting on Capitol Hill. The US Federal Reserve will decide on a potential rate hike. If this decision takes root, investors may be more inclined to sell off their crypto assets in preparation for a potential recession.
TikTok Adds New Text Feature to Rival Instagram Stories
The world of social media is constantly evolving. TikTok announced that it will roll out a new on-screen text option, which will allow musical overlays. The new functionality is similar to Instagram stories and features a 1,000-word limit. It signals a major move for the social media app, best known for its short-form video content. Previously, TikTok inspired Instagram’s evolution of Reels. However, experts point to the timing as a signal that TikTok is trying to claim a space in the rush for Twitter devotees who are looking for a new social media outlet.