In a move that sent shockwaves through the entertainment industry, private equity firm Silver Lake announced on Tuesday that it is acquiring entertainment company Endeavor Group Holdings for $27.50 a share. This acquisition will see Silver Lake acquiring 100% of the shares it does not already own, effectively taking control of Endeavor at an equity
Cleveland Federal Reserve President Loretta Mester recently expressed her belief in the possibility of interest rate cuts within the year. She pointed out that the long-term trajectory for interest rates is higher than previously anticipated, indicating a potential shift in the policy direction. However, Mester did not provide any specific guidance on the timing or
In the realm of fashion, trends come and go with the blink of an eye. However, one trend that seems to be making a strong comeback is the concept of quiet luxury, now rebranded as old money style. This trend gained momentum after Gwyneth Paltrow’s ski accident trial, even during a time when many Americans
As the tax deadline approaches, taxpayers are at risk of falling victim to various tax scams. Last year alone, the IRS received over 294,000 complaints of identity theft, resulting in more than $5.5 billion in tax fraud. With the IRS processing millions of federal returns, scammers are actively seeking opportunities to steal personal and financial
Singapore has consistently held the title of the best geography in the world to do business, according to the Economist Intelligence Unit (EIU). Prianthi Roy, EIU’s Country Forecast Manager and Europe analyst, highlighted political stability and the government’s emphasis on assisting domestic private-sector companies with technological advancements as key factors contributing to Singapore’s premier business
The recent resignation of Warner Bros. Discovery directors, Steven Miron and Steven Newhouse, has brought attention to a U.S. Department of Justice investigation regarding a potential antitrust violation. Both Miron and Newhouse were appointed as directors in April 2022 following the merger of WarnerMedia and Discovery. The investigation is centered around whether their involvement on
The Powerball jackpot has reached an incredible $1 billion, making it the fifth-largest prize in the game’s history. With no winner from the recent drawing, the anticipation continues to build. If you are lucky enough to win the grand prize by matching all six numbers, you will have two payout options to consider: a lump
In today’s financial landscape, the demand for exchange-traded funds (ETFs) is continuously increasing. Firms that do not have ETF offerings are at risk of losing business opportunities, according to a leading expert from Goldman Sachs. Steve Sachs, the global chief operating officer of Goldman’s ETF Accelerator, emphasizes the importance of adapting to the market trends
The year 2020 has brought unprecedented challenges to students looking to secure financial aid for their college education. With the uncertainties caused by the COVID-19 pandemic, many families are facing increased financial pressure and are struggling to afford higher education. In response to these challenges, some colleges are taking proactive steps to make education more
The decision by Macy’s to close approximately 150 stores has not gone unnoticed by its competitors. In an analysis conducted by CNBC, it was revealed that Target CEO Brian Cornell, and Kohl’s CEO Tom Kingsbury see this move by Macy’s as an opportunity to increase their own sales. Off-price chains like T.J. Maxx, Ross, and