Average team values are up 4%, the smallest gain since 2010, but the NBA’s financial outlook is still bright with big market teams particularly attractive on.forbes.com/6019Hg3Eh
A dozen of the NBA’s 30 franchises are valued at $2 billion or more, with the six most valuable of them representing nearly two-thirds of the total franchise value gains over the past 12 months
The Chicago Bulls ranked No. 4 this year with a value of $3.3 billion
The Los Angeles Lakers, in 3rd place, has a value of $4.6 million
Golden State Warriors came in 2nd place with an operating income of $200 million
The New York Knicks (ranked No. 1) are only the third club in the world to reach a $5 billion valuation, after the Dallas Cowboys and New York Yankees, thanks to a $1 billion MSG renovation and a blockbuster local TV deal
Trump Impeachment Trial Live Coverage: Senators arrive at the Capitol as the trial is set to begin on.forbes.com/6011H5IYJ
Impeachment managers say Trump's First Amendment argument would grant presidents broad impunity
More than 1 in 5 Senate Republicans voted against a trial organizing resolution that was agreed to by Senate Democratic and GOP leadership, as well as Trump’s impeachment legal team
Millennials were shunning plastic and supposedly wary of consumer debt. Affirm's Max Levchin saw a way to repackage buying now and paying later for younger folks—and it’s made him a billionaire
During the pandemic, consumers have been paying down their credit cards, with the total “revolving debt” outstanding falling 11% in 2020. Meanwhile, non-revolving consumer debt grew 4%
The prevailing attitude on the Reddit stock-trading forum, WallStreetBets, is rooted in something more philosophical
They see their continued investment as a perpetual indictment of Wall Street, driven by fury over brokerages such as Robinhood and Interactive Brokers limiting their ability to trade GameStop
Elon Musk’s ex-chief engineer creates a new car—and says it beats Tesla on.forbes.com/6016HewEq
Lucid CEO Peter Rawlinson has many goals for the Lucid Air. One is that it be hailed as the world’s best electric car
The $169,000 Lucid Air is coming this spring and Rawlinson claims it’ll be the fastest, longest-range electric vehicle on the planet. He should know. A decade ago, he engineered Tesla’s Model S
Meet Trove: the startup helping Patagonia and Levi’s cash in on the resale boom on.forbes.com/6019HeG3f
Second hand clothing is the hottest trend in apparel, and big brands are suddenly happy to make the profits—but avoid the headaches—by outsourcing the grimy work to tiny Trove
“It’s soup to nuts,” says Andy Ruben, the nine-year-old startup’s cofounder and CEO, whose operation helps companies capitalize on used goods that their customers would ordinarily pawn at vintage shops or dump into landfills
Our third annual #Blockchain50 features companies that lead in employing distributed ledger technology and have revenue or a valuation of at least $1 billion
Alibaba spin-off Ant has more than 50 blockchain applications in development on its own blockchain platform, AntChain #Blockchain50