In the world of finance, things don't always go as planned. Banks on Wall Street are now turning to private credit to make a big deal happen. They're helping Novacap Investments Inc. buy Integral Ad Science Holding Corp. , a company that analyzes ads. The plan changed because banks couldn't find eno
Ramp, a fintech company, has just hit a huge milestone. It's now worth $32 billion after raising $300 million in a recent funding round. This is a big jump from its previous valuation of $22. 5 billion just a few months ago. The company is known for helping businesses manage their spending and save
The Illinois Senate President, Don Harmon, is in hot water. Here's why: His campaign group is accused of taking way too much money. The state's election board says he owes nearly $10 million in fines. That's a lot of money! A group called the Liberty Justice Center, which usually supports Republica
Big tech companies like Microsoft, Google, and Amazon have been pouring massive amounts of money into AI. Over $600 billion has been spent between 2023 and this year alone. These companies started with strong financial positions, so the spending hasn't caused major issues yet. But the constant outfl
A major deal has just been sealed, bringing two new Boeing 737 MAX 8 aircraft to Ethiopian Airlines, Africa's biggest airline. This isn't just about adding planes; it's about boosting connections across the continent. The aircraft, scheduled to arrive in the first half of 2026, are part of Ethiopian
Bill Ackman, a well-known hedge fund manager, is about to share his new ideas for Fannie Mae and Freddie Mac. He plans to talk about this during an online event. Ackman thinks his plan will help the government get the most out of these companies. He also believes it will keep mortgage rates stable a
Finance experts are always on the lookout for ways to make trading easier and more efficient. One exciting development is a new tool that uses advanced technology to help traders make better decisions. This tool, called FinRL, is designed to automate trading strategies, taking into account factors l
A Republican leader in Rhode Island's House of Representatives is pushing for a closer look at how the state's housing finance agency is spending money. He believes there might be some overlap with another agency, and he wants to make sure that every dollar is being used wisely. The leader, who pre
China's finance minister recently shared some big plans for the country's economy. Over the next five years, China aims to strengthen its fiscal policy. This means they will use different tools like taxes, government bonds, and subsidies to support economic growth. The minister mentioned that the g
People often talk about tariffs and how they affect prices. But what happens when these tariffs go away? It's not just about cheaper goods. There's a bigger picture to consider. First, let's think about inflation. When tariffs are removed, the immediate effect might seem positive. Prices of importe
