Private equity firms have a unique way of making money. They buy companies, improve them, and sell them for a profit. If they buy a company for $2 billion and sell it for $3 billion, they earn a big bonus. This bonus is called a "carry. " It's usually 20% of the profit, which in this case would be $
In November, the U. S. job market took a hit. Private companies let go of 32, 000 workers, and small businesses felt the pinch the most. This wasn't good news, and it was worse than experts thought it would be. Just a month before, in October, there was a small gain of 47, 000 jobs. But November's n
Jared Isaacman, a billionaire tech boss and friend of Elon Musk, is back in the hot seat. He's up for a big job: running NASA. But first, he's got to convince a group of senators that he's the right guy for the role. This isn't his first time at the rodeo. Back in April, he had a similar chat with
Governments around the world are facing a tough situation. They owe a lot of money. This is making them think about new ways to get funds. One idea is to use the wealth of private individuals. Economists are talking about this a lot. They say that governments might offer special deals. For example,
David Gentile, a former bigwig in the finance world, just got a lucky break. He was locked up for tricking thousands of people out of their hard-earned cash. But now, he's out of jail after only a couple of weeks. How did this happen? Gentile was the boss of GPB Capital. He promised investors big r
The U. S. is making a big push to lead in AI. President Trump has launched the "Genesis Mission. " This plan aims to make the U. S. the top player in AI technology. The goal is to boost scientific progress, keep the country safe, and stay ahead in the global economy. The plan sets up the "American
Anthony Albanese made history as the first Australian prime minister to get married while in office. The event was a private affair, held at The Lodge in Canberra, with only family and close friends in attendance. The couple had kept the details of their wedding under wraps, but it was no surprise t
Joan Templeman, the wife of billionaire Richard Branson, passed away at the age of 80. Branson shared the sad news on Instagram, calling her his best friend and the love of his life. He praised her as an amazing mother and grandmother, highlighting the deep bond they shared over their 50-year marria
Blue Owl Capital is thinking about bringing back a plan to combine two of its private credit funds. This comes after they had to stop a similar plan last week because investors weren't happy. The main reason for the merge is to give shareholders a way out and cut costs. But, it's not a done deal yet
Private companies are stepping up to fill the gap left by the U. S. government's reduced investment in climate science. This shift is creating a boom in the earth intelligence sector, with businesses like Climate X and GHGSat leading the charge. Climate X, a London-based data analytics firm, recent
