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
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
Bangladesh is seeing a big change in its political scene. After a long time away, Tarique Rahman is back in the country. He has been living in London since 2008. Now, he is in the spotlight as the likely next prime minister. Rahman is the son of a former prime minister, Khaleda Zia. He leads the Ban
The Kennedy Center, a well-known performing arts hub in Washington, D. C. , has seen a stir after a planned Christmas Eve jazz concert was called off. The event, a long-standing holiday tradition, was hosted by musician Chuck Redd. The cancellation came after the White House announced that President
The digital world had a bit of a stumble recently. AWS, which is like the invisible backbone for many online services, had a little trouble. This caused a chain reaction, affecting popular games and platforms. Epic Games' Fortnite, Rocket League, and ARC Raiders were among the first to feel the impa
Pope Leo XIV, the first U. S. pope, made his debut Christmas speech to a crowd of 26, 000 people. He stood on the loggia above St. Peter's Square, delivering the traditional "Urbi et Orbi" address. This speech is a summary of the world's struggles. The pope emphasized the importance of empathy and
In a nail-biting finish, Hawaii's backup quarterback, Luke Weaver, stepped up to throw a game-winning touchdown pass with just 10 seconds remaining. This clutch play secured a thrilling 35-31 victory over California in the Hawaii Bowl. The Rainbow Warriors, led by coach Timmy Chang, showcased their
Christmas Eve usually sees lower movie attendance, unless there's a highly anticipated film like Spider-Man: No Way Home. This year, total earnings for all movies were around $27. 6 million. This includes $2 million from previews of Marty Supreme, a period dramedy starring Timothee Chalamet, and $2.
