Etihad Airways is boosting its fleet with 13 new Airbus planes. These aircraft are coming from Avolon, a big player in the aviation finance world. The deal was announced at the Dubai Airshow and includes nine A330neo and four A320neo family aircraft. Etihad is also ordering six more A330neos directly from Airbus, making their total A330neo fleet 15 planes. These new...
Oliver Bussmann has been chosen to lead SkySparc as the new Chairman of the Board. This move comes after a big investment from Bregal Milestone, a major player in the software private equity world. Bussmann is no stranger to the tech scene. He's got a strong background in financial technology and has helped many companies grow and adapt to new tech trends. He's know...
In the world of finance, things don't always go as planned. Banks on Wall Street are now turning to private credit to make a big deal happen. They're helping Novacap Investments Inc. buy Integral Ad Science Holding Corp. , a company that analyzes ads. The plan changed because banks couldn't find enough lenders for a traditional loan. Why? Well, some lenders are worri...
Ramp, a fintech company, has just hit a huge milestone. It's now worth $32 billion after raising $300 million in a recent funding round. This is a big jump from its previous valuation of $22. 5 billion just a few months ago. The company is known for helping businesses manage their spending and save money. It started as a simple corporate card platform but has since g...
The Illinois Senate President, Don Harmon, is in hot water. Here's why: His campaign group is accused of taking way too much money. The state's election board says he owes nearly $10 million in fines. That's a lot of money! A group called the Liberty Justice Center, which usually supports Republican ideas, filed a complaint. They want the court to step in because th...
Big tech companies like Microsoft, Google, and Amazon have been pouring massive amounts of money into AI. Over $600 billion has been spent between 2023 and this year alone. These companies started with strong financial positions, so the spending hasn't caused major issues yet. But the constant outflow of cash is starting to show. Their financial health might need a s...
A major deal has just been sealed, bringing two new Boeing 737 MAX 8 aircraft to Ethiopian Airlines, Africa's biggest airline. This isn't just about adding planes; it's about boosting connections across the continent. The aircraft, scheduled to arrive in the first half of 2026, are part of Ethiopian Airlines' plan to grow its fleet with the latest, most fuel-efficien...
Bill Ackman, a well-known hedge fund manager, is about to share his new ideas for Fannie Mae and Freddie Mac. He plans to talk about this during an online event. Ackman thinks his plan will help the government get the most out of these companies. He also believes it will keep mortgage rates stable and make it easier to see how much the Treasury's investment is worth....
Finance experts are always on the lookout for ways to make trading easier and more efficient. One exciting development is a new tool that uses advanced technology to help traders make better decisions. This tool, called FinRL, is designed to automate trading strategies, taking into account factors like market conditions and investor preferences. The main goal of Fin...
A Republican leader in Rhode Island's House of Representatives is pushing for a closer look at how the state's housing finance agency is spending money. He believes there might be some overlap with another agency, and he wants to make sure that every dollar is being used wisely. The leader, who prefers smaller government, has asked for a performance audit. This is n...