Meet Marc Rowan, a big name in the world of finance. This 62-year-old private equity billionaire is one of the leading candidates to become Donald Trump’s Treasury secretary. He’s got some pretty impressive backers, including Trump insiders and Wall Street bigwigs who think he’s just the guy for the job. Rowan has his work cut out for him, though. He’s up against som...

You might be wondering, what happens when big companies step into the world of hospice care? How do they measure up? Well, it turns out that caregivers have some thoughts on that. Let's dive in and see what they have to say. Imagine this: a loved one is in hospice care, and you're relying on the caregivers to provide the best possible support. Now, what if that hosp...

AT&T is stepping away from the entertainment scene. It's selling its majority stake in satellite TV provider DirecTV to private equity firm TPG Partners for a whopping $7.6 billion. This move comes more than 10 years after AT&T bought DirecTV for $48.5 billion, aiming to boost its video subscriber base and compete with rivals. But things didn't go as planned. The su...

You might have heard of the Miami Dolphins, but did you know that a billionaire named Joe Tsai could be their next big investor? Let’s get to know him better. Born in Taiwan, Joe is now a Canadian citizen with an impressive net worth of $9.8 billion. He's not just any wealthy guy; he co-founded Alibaba Group and is the owner of the Brooklyn Nets basketball team. With...

In a move aimed at streamlining its operations, AT&T has agreed to sell its 70% stake in satellite TV service DirecTV to private equity firm TPG for a staggering $7.6 billion. This decision marks the end of an era for AT&T, which had acquired DirecTV back in 2015 for $48.5 billion. Since then, the satellite TV service has faced declining distributions, making it an a...

The accounting industry is undergoing a significant transformation. Gone are the days when small and medium-sized accounting firms could thrive solely on the basis of their traditional services. Today, the industry is under pressure to adapt to changing times, and private equity firms are at the forefront of this revolution. In recent years, several major accounting ...

The stock market is known for its unpredictability, but Monday's performance was particularly dramatic. Stock futures took a nosedive, with the Nasdaq-linked contracts leading the charge. So, what's behind this sudden downturn? To start, last week's weaker-than-expected jobs data has left investors concerned about a potential economic slowdown. Add to that the rising...

It's a tale of caution, a story of how even the most cutting-edge and sophisticated companies can crumble under the weight of deception. Thoma Bravo, a private equity investor, once hailed FTX as the "most cutting-edge, sophisticated cryptocurrency exchange in the world." But now, after the company's spectacular downfall, Bravo is adamant that he and his firm will "n...

The Oakland Athletics are planning to build a new stadium in Las Vegas, but they're not planning to spend the entire $380 million in public money allocated for the project. Executive Sandy Dean told the Las Vegas Stadium Authority that the team plans to spend $350 million of the funds, leaving $30 million on the table. This has raised questions about whether the team...

As lawmakers in Washington turned their focus to the Steward Health Care bankruptcy scandal, it became clear that something was amiss. Despite a subpoena, CEO Ralph de la Torre refused to appear before the Senate Health, Education, Labor, and Pensions Committee, leaving an empty chair in his place. What's behind this shocking no-show, and what does it reveal about th...