Richmond is testing a new plan to hand out housing aid money without going through usual city channels. Instead of using government workers, private groups will decide who gets the funds. Officials hope this will speed things up and reach people faster. The move raises questions. Why switch to outs
Tom Steyer, a 68‑year‑old hedge fund founder who is now running for California governor, has found himself in the spotlight over his earlier investments. He once owned shares in a private prison company that now houses many immigrants waiting for deportation. During a recent town hall in San Dieg
Private‑credit funds have been under pressure because many tech companies now rely on non‑bank lenders, and the market has shifted from about $500 billion a decade ago to roughly $3 trillion. These funds promise low volatility, yet they struggle when investors ask for more cash than the “semi‑liquid
Parents who choose private schools often feel happier with their kids’ learning than those who stay in public schools. A study by 50Can shows about two‑thirds of private‑school parents report being “very satisfied, ” compared with 42 % of public‑school parents. Private‑school students also tend to s
In three African nations—Ethiopia, Ghana and Kenya—a joint effort between governments and private companies aimed to improve disease testing. The project, known as the African Health Diagnostics Platform, faced many hurdles that are common to similar collaborations worldwide. The main problems we
Kiawah Island isn’t just another pretty spot along the South Carolina coast—it’s a carefully designed escape where nature and extravagance meet. Just a short drive from Charleston, this private island packs 10 miles of untouched Atlantic shoreline, over 30 miles of smooth bike paths, and some of the
Private‑credit lending, a fast‑growing but less visible part of finance, is now catching the eye of investors and banks alike. The sector, which lets private‑equity firms and other nonbank entities lend to companies such as software developers and auto lenders, has ballooned to about $3 trillion.
A private‑equity group is weighing the idea of selling a Texas‑based auto loan company that helps people buy cars on credit. The buyer could pay between $2. 5 billion and $3 billion, sources say. The company was bought by the group in 2021 from another major investor for an undisclosed sum. It wo
Triton Partners, a big name in European investments, just raised a huge amount of money. They got €5. 5 billion for their new big fund. That's a lot of cash! This is a big deal because not long ago, they had some issues. People were talking about their work culture, and it was hard for them to get n
The new Fed leader is stepping into a difficult situation. Oil prices are climbing toward $100, and the market worries that this will keep inflation high. Private‑sector loans are also under pressure, especially those given to tech firms that could lose value if artificial intelligence changes th
