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!
In the bustling streets of 1940s and '50s New York City, a unique subculture thrived around table tennis. This wasn't your average basement game; it was a high-stakes world filled with gamblers, artists, and misfits. Among them, a young Jewish man named Marty Reisman stood out. Known for his sharp s
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
Osteosarcoma is a big word for a serious bone cancer that often affects kids and teens. It's the most common type of bone cancer in this age group. One of the tricky things about it is that it often starts with symptoms that seem harmless. Think things like growing pains or sports injuries. This can
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
Kanye West and Bianca Censori chose a unique way to celebrate Christmas Eve. They attended a showing of the classic ballet "The Nutcracker" in Los Angeles. The couple stayed for the entire performance, enjoying the festive atmosphere. Bianca wore a stylish fur coat, while Kanye sported his signatur
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.
