Private equity firms are in a pickle. They usually buy companies, fix them up, and sell them for a profit. But lately, it's been tough to find buyers. Interest rates have shot up, making it expensive to borrow money for deals. So, what's their clever trick? They're selling companies to themselves!
California's holiday season is getting a lot of rain. This is causing big problems. Heavy rains have been hitting Southern California since the weekend. They are not stopping soon. The National Weather Service says parts of the region could see dangerous flooding. Los Angeles and nearby areas are g
James Nnaji, a 21-year-old basketball player, has made a surprising choice. Instead of chasing an NBA career, he's heading back to college. Nnaji, who was picked by the Hornets in the 2023 NBA Draft, never signed a contract. This left him free to explore other options. The Knicks acquired Nnaji's d
Pope Leo XIV made a surprise appearance in St. Peter’s Square on a rainy Wednesday night. He spoke to the thousands of people who couldn't fit inside the basilica for his first Christmas Eve Mass. The crowd was soaked, but their spirits were high. Leo thanked them for their dedication and bravery in
Europe is not happy with the US. They say the US is being unfair by banning visas for some important people. These people include Thierry Breton, who helped create rules for the internet in Europe. The US thinks these rules are too strict and stop free speech. But Europe says they are needed to cont
James Nnaji, a 7-foot center, has been given a unique opportunity. The NCAA has granted him four years of college eligibility, even though he was drafted by the NBA in 2023. This decision comes as a surprise to many, as Nnaji was picked in the first round by the Detroit Pistons. His rights later cha
The leather industry is in a tough spot. Tariffs have made everything more expensive. Companies like Twisted X, known for their boots, had to scramble when import costs shot up. They even set up a "tariff war room" to handle the chaos. Prices for leather goods are expected to stay high for a while.
In San Francisco, a family is facing a Christmas without their loved one due to immigration policies. Roxana, a mother of three, is struggling to keep her family together after her partner, Joel, was detained by immigration agents. The couple, both from Honduras, had built a life in the US, working
King Charles III is set to deliver his annual Christmas Day speech from the historic Westminster Abbey. This tradition is a big deal, as it's one of the few times the king can share his personal thoughts without government input. The speech is expected to touch on the theme of pilgrimage, fitting fo
Europe is facing a stark reality. War is no longer a distant threat but a looming possibility. This shift is not just about military strength but also about how ready societies are to face this new reality. Experts have been sounding the alarm. They say Russia is preparing for conflict, and Europe
