DIRS.INFO The most relevant business & tech news

☆ They’ve sailed across Southeast Asia for centuries. Now, these sea nomads are being forced to live on land
▼ + stars: | 2024-11-22 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +15 min

Salih is Bajau Laut, an indigenous seafaring group in Southeast Asia that has lived a semi-nomadic lifestyle on the ocean for centuries. More and more Bajau Laut are abandoning their traditional way of life, making them increasingly vulnerable to environmental changes. As climate change threatens the marine environment more than ever, the traditions of the Bajau Laut are quickly disappearing. Brandi Mueller/Moment RF/Getty ImagesA hypselodoris nudibranch, commonly known as a sea slug, in Mabul Island, Malaysia. The Sabunglanis are one of the few Bajau Laut families left in the region who still live on a lepa, or houseboat.

Persons: Malaysia CNN —, Jimi Salih doesn’t, ”, Salih, “, Bajau, Rebecca Cairns, ” Salih, kampee, Jacque Cousteau, Brandi Mueller, Adzmin Fatta, Green Semporna, Malaysian Borneo —, Robin Philippo, Philippo, Haikal Nukiman, Imran Abbisi, they’re, Rili Djohani, hasn’t, ’, Nukiman, TRACC, they’ll, Jimi Salih Organizations: CNN, Initiative, Malaysia CNN, Getty, Check, Malaysian, Tropical Research, Conservation, Tourism, Coral Triangle, Borneo, CNN Borneo Komrad, TRACC Locations: Semporna, Malaysia, Southeast Asia, Omadal, Malaysian Borneo, Island, Sipadan, Mabul Island, Sabah —, Sabah, TRACC, East Malaysia, Wakatobi, Kampung Bangau Bangau, Kampung Bangau, Borneo, Kampung Air Hujung, Iskul

☆ Las Vegas police arrest 57 striking casino workers, says union
▼ + stars: | 2024-11-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

Police in Las Vegas arrested 57 striking casino workers on Thursday at a protest outside Virgin Hotels Las Vegas, the Culinary Union said on X. Hundreds of casino workers at Virgin Hotels Las Vegas walked off their jobs last week over stalled talks to win a new five-year union pay contract. “Culinary Union members on strike outside @VirginHotelsLV while Culinary Union members are getting arrested in non-violent civil disobedience,” the union said in one of the posts. Separately, Las Vegas police said that the road next to the casino, which was earlier closed due to protests, had reopened after the arrests. Virgin Hotels Las Vegas is owned by JC Hospitality, along with Juniper Capital Partners, Virgin Group and others, according to the hotel’s website.

Persons: Diana Valles Organizations: Las Vegas, Virgin Hotels, Culinary Union, Vegas, “ Culinary Union, JC Hospitality, Juniper Capital Partners, Virgin Group Locations: Las, Virgin Hotels Las Vegas

☆ Elon Musk criticizes Australia’s proposed ban on social media for children
▼ + stars: | 2024-11-22 | by ( Brian Cheng | Brian Cheng Is An Intern On Nbc News'S Asia Desk. | ) www.nbcnews.com time to read: +1 min

Tech billionaire Elon Musk, the owner of social media platform X, criticized proposed legislation in Australia that aims to ban social media for children under 16. The legislation, which was introduced in Parliament by Australia’s center-left government on Thursday, is among the world’s toughest on social media. Other countries have tried to impose limits on social media for children, including the United States which requires technology companies to obtain parental consent to collect data from children under 13. This is not the first time Musk has been publicly critical of the Australian government over tech regulation. At the time, Albanese called Musk an “arrogant billionaire who thinks he is above the law.”In September, Musk called the Australian government “fascists” over plans to crack down on misinformation online.

Persons: Elon Musk, ”, Anthony Albanese, Albanese, Musk Organizations: Tech, Facebook, Australian Locations: Australia, Australia’s, United States

Skulls found on a New Mexico property earlier this month were obtained online and are not related to the case of a woman who went missing in 2019, the Lea County Sheriff’s Office said Thursday. Human remains were found after a search of a property associated with the man in Jal, a city of around 2,000 in the southeastern part of the state, the sheriff's office said last week. The medical examiner determined the remains found on the property had "no medical or legal significance," the sheriff's office said. On Nov. 12, shortly after the discovery of the remains, the sheriff's office said it could be related to Angela McManes, who disappeared in 2019. Two days later, the sheriff's office said there did not appear to be a link between the skulls and McManes beyond the proximity of her home to the property where the skulls were found.

Persons: ”, Angela McManes Organizations: Sheriff’s Locations: New Mexico, Lea, Jal, United States

The first emperor penguin found in Australia has been released after spending 20 days in the care of a wildlife expert, the Australian government said Friday. The bird, nicknamed Gus by its caretaker, was released from a vessel off the southern coast of Western Australia on Wednesday morning, according to the state’s Department of Biodiversity, Conservation and Attractions. The team initially weighed the penguin at about 50 pounds, only around half the weight of a healthy male. “Good luck, Gus,” Biddulph shouted with a smile after the penguin dived into the water and swam away from the vessel. Don’t stop for anyone.”It remains unknown how the bird ended up arriving in Australia from its icy Antarctic home.

Persons: Gus, Carol Biddulph, “, ” Biddulph, Biddulph, Don’t Organizations: Western Australia, state’s Department of Biodiversity Locations: Australia, Western

Forecasters warned of more high winds headed to the battered Pacific Northwest, while an atmospheric river continued to dump heavy rain on California. The biggest risk of life-threatening floods was forecast for Thursday, but flooding will remain a threat through Friday, the weather service said. Landslides and rockslides shut down some or all traffic lanes on highways in Humboldt and Lake counties, the weather service in Eureka, California, said. Snow is on the way in New York state and Pennsylvania courtesy of “a potent upper-level low swinging over the region,” the weather service said. The area was under a winter weather warning until 4 p.m. Friday.

Persons: Justin Sullivan Organizations: National Weather Service, Police, Sutter Health, Santa, California's, New, ridgetops Locations: Pacific Northwest, California, Washington, Santa Rosa, Calif, California's Sonoma County, San Francisco, Sierra Nevada, Truckee, Oregon, Humboldt, Lake, Eureka , California, New York, Pennsylvania, New York City, New Jersey, Hudson, Johnstown , Pennsylvania, Binghamton, Ithaca

A resident walks at the site of a Russian missile strike in Dnipro, Ukraine, November 21. Mykola Synelnykov/ReutersRussia’s use of a nuclear-capable ballistic missile on Thursday is the latest escalation in the Ukraine war. The use of what Vladimir Putin said was a ballistic missile with multiple warheads in offensive combat is a clear departure from decades of the Cold War doctrine of deterrence. Ballistic missiles with multiple warheads, known as “multiple independently targeted reentry vehicles,” or MIRVs, have never been used to strike on an enemy, experts say. Ballistic missiles have been the underpinning of deterrence, offering what is known as “mutual assured destruction,” or MAD, in the nuclear age.

Persons: Mykola Synelnykov, Vladimir Putin, MIRV, ” Hans Kristensen, Kristensen Organizations: Reuters, West, Federation of American, Ballistic Locations: Russian, Dnipro, Ukraine, Ukrainian, Russia, Europe

Gaetz cannot return to Congress this yearWhen Gaetz submitted his resignation, that ended his official role in the current 118th Congress. Could he be sworn in for the 119th Congress? When Gaetz resigned, House Speaker Mike Johnson, R-Fla., expressed hope that a special election could be held in time to fill his seat quickly. So if Gaetz is able to take his seat in the 119th Congress, the panel could extend its investigation and still release its report. Prior to Gaetz withdrawing his name from consideration for attorney general, Johnson signaled he did not want the Ethics Committee to release its report.

Persons: Matt Gaetz, Donald Trump's, Gaetz, “, ”, Ron DeSantis, DeSantis, Mike Johnson, Johnson, Michael Guest, Guest, Sean Casten Organizations: Congress, Florida Gov, Congressional, 119th Locations: Florida

☆ Gunmen attack Pakistan passenger vehicles, killing at least 38 people
▼ + stars: | 2024-11-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

PESHAWAR, Pakistan — Gunmen opened fire on passenger vehicles in a tribal area in northwestern Pakistan on Thursday, killing at least 38 people and wounding 29, the chief secretary of Khyber Pakhtunkhwa province, Nadeem Aslam Chaudhry, said. Among the fatalities in the attack, which occurred in the Kurram tribal district, were a woman and a child, Chaudhry said, adding: “It’s a major tragedy and death toll is likely to rise.”Tensions have existed for decades between armed Shia and Sunni Muslims over a land dispute in the tribal area that borders Afghanistan. No group claimed responsibility for the incident. “There were two convoys of passenger vehicles, one carrying passengers from Peshawar to Parachinar and another from Parachinar to Peshawar, when armed men opened fire on them,” a local resident of Parachinar, Ziarat Hussain, told Reuters by telephone, adding that his relatives were traveling from Peshawar in the convoy. President Asif Ali Zardari, in a statement, strongly condemned the attack on passenger vehicles.

Persons: Nadeem Aslam Chaudhry, Chaudhry, Ziarat Hussain, Asif Ali Zardari Organizations: Pakistan — Gunmen, Reuters Locations: PESHAWAR, Pakistan, Khyber Pakhtunkhwa, Afghanistan, Peshawar, Parachinar

Senate Republicans offered mixed responses Thursday to President-elect Donald Trump's announcement that he will nominate Pete Hegseth, a Fox News personality accused of sexual assault, to lead the Defense Department following the release of a police report concerning sexual assault allegations against him. Some senators defended Trump's pick, while others voiced some trepidation, and a senator told NBC News "I don't care" when approached about a police report released Wednesday tied to an allegation of sexual assault against Hegseth in 2017. Sen. Markwayne Mullin, R-Okla., also defended Trump's pick, saying he had reviewed the report and would push for Hegseth's confirmation. Two other picks to serve in top jobs in Trump's Cabinet have also faced potentially damaging allegations of sexual misconduct. After Gaetz withdrew his name, Sen. Chris Coons, D-Del., told NBC News that there were “similar, challenging allegations” with Hegseth.

Persons: Donald Trump's, Pete Hegseth, Sen, Kevin Cramer, Cramer, I’m, Hegseth, Karoline Leavitt, Markwayne Mullin, Trump's, Mullin, “, Trump, ” Mullin, Bill Hagerty, Lindsey Graham, Joe Biden, Biden, That’s, Graham, Robert F, Kennedy Jr, Kennedy, Matt Gaetz, Gaetz, Chris Coons, ” Coons, Josh Hawley, “ Let’s, ” Hawley, let’s, they’ve, ” Organizations: Fox News, Defense Department, Trump's, NBC, Hegseth, Cabinet, Armed Services Committee, Trump, Pentagon, Republican, White, NBC News, Human Services Department Locations: America, California, Washington, Florida

A Georgia woman who reported her 20-month-old son missing in 2022, setting off a large search until his remains were found in a landfill, was sentenced to life in prison Thursday for his killing. She was sentenced in a Chatham County court to life with the possibility of parole. Simon reported her son missing from their home in Chatham County, near Savannah, on Oct. 5, 2022. Quinton Simon. Simon was sentenced to what amounts to life in prison, as well as an additional 10 years.

Persons: Leilani Simon, Quinton Simon's, Quinton Simon’s, Tammy Stokes, Simon, Quinton, Quinton Simon, Quinton’s, ”, Stokes Organizations: Authorities, Chatham, Chatham County Police Locations: Georgia, Chatham County, Chatham, Savannah

Jordan Neely died from the “combined effects” of a number of a factors, not a chokehold, a forensic pathologist hired by Daniel Penny’s attorneys testified Thursday. Penny is charged with manslaughter and criminally negligent homicide in the chokehold death of Neely on a New York City subway train in May 2023. Penny, 26, who was a passenger on the train, put Neely in a chokehold and took him to the ground. Chundru said he did not believe that Neely died of a chokehold or that Penny had applied consistent and sufficient pressure to render him unconscious. Chundru said he believed Neely died from “the combined effects of sickle cell crisis, the schizophrenia, the struggle and restraint and the synthetic marijuana” that was in his system.

Persons: Jordan Neely, Daniel Penny’s, Penny, Neely, Satish Chundru, Dr, Cynthia Harris, Chundru, “, Andre Zachary, Andrew Savulich, Harris, ”, Steven, Dafna Yoran, Yoran, Jacqueline Penny, neighborly, Gina Flaim, Penny’s, Eric Gonzalez, Gonzalez Organizations: Prosecutors, TNS, Getty, National Association of Medical, Marines Locations: New York City, Florida, Texas, New York, Manhattan, West Islip, Long, Queens

☆ Anchor Chuck Scarborough to retire after more than 50 years at NBC New York
▼ + stars: | 2024-11-22 | by ( Nbc New York | ) www.nbcnews.com time to read: +1 min

After more than 50 years, legendary broadcast journalist Chuck Scarborough has announced his plans to step down from his daily duties anchoring the news at NBC New York. NBCU Photo BankHe will continue to be a part of the WNBC family and provide special reports and contribute to special station projects and programming. Before moving to WNBC, Scarborough worked at TV stations including WLOX-TV in Biloxi, Mississippi; WDAM-TV in Hattiesburg, Mississippi; WAGA-TV in Atlanta and WNAC-TV in Boston, according to his station biography. Scarborough started his career with WNBC on March 25, 1974, anchoring the 6 p.m. and 11 p.m. weekday news. He left the 11 p.m. anchor chair in 2016, according to the station.

Persons: Chuck Scarborough, Scarborough, Al Roker, Hoda, Savannah Guthrie, Nathan Congleton, ” Organizations: NBC, National Broadcasting Company, NBCU, WNBC, Empire Locations: York, Biloxi , Mississippi, Hattiesburg , Mississippi, Atlanta, Boston, Savannah

☆ DEA passenger searches halted after watchdog finds signs of civil rights violations and racial profiling
▼ + stars: | 2024-11-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dilanianmug.Jpg | Ken Dilanian | ) www.nbcnews.com time to read: +5 min

The DEA concurred with most of the report’s recommendations but declined to comment. That employee was being paid by the DEA a percentage of the cash seized, the IG found, and had received tens of thousands of dollars over several years. In some cases, the DEA has seized money only to have judges order the government to return it. In 2020, NBC Los Angeles reported that $82,000 was seized by the DEA from an elderly man and his daughter in Pittsburgh. “It’s like I was mugged on the street.”USA Today reported in 2016 that, over a decade, the DEA seized more than $209 million in cash from at least 5,200 people at 15 busy airports.

Persons: General, Lisa Monaco, “, Justice Department “ Organizations: Drug, Administration, Department’s Office, Task Force, Department, Justice Department, Institute for Justice, DEA, Transportation Security Administration, NBC News, Prosecutors, NBC, ” USA Locations: Cincinnati, New York, New Orleans, Columbus , Ohio, NBC Los Angeles, Pittsburgh

☆ Russia fired a new type of missile at Ukraine. It's fast, can carry nukes, and could hit far into Europe.
▼ + stars: | 2024-11-22 | by ( Sinéad Baker | Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

AdvertisementRussia fired what it said was a new type of ballistic missile at Ukraine this week. Russian President Vladimir Putin on Thursday said his military had fired a new type of missile at Ukraine, describing it as a test and also a warning to the West. The missile, described by the US as experimental, appears to have the range to hit targets elsewhere in Europe. Firefighters at the site of a Russian missile strike in Dnipro, Ukraine, November 21, 2024. He said Russia "had the right" to strike countries that gave Ukraine weapons that hit Russia.

Persons: Putin, Vladimir Putin, Sabrina Singh, Matthew Savill, Mick Ryan, Efrem Lukatsky Jakub Janda, Pavel Podvig, , Volodymyr Zelenskyy, MIKHAIL METZEL, Fabian Hoffmann, Ryan, Farah Dakhlallah Organizations: Firefighters, Press Service, State Emergency Service of, Getty, Center for Arms Control, Financial Times, Royal United Services Institute, Associated Press, Australian Army, BBC, AP, European Values Center, Security, UN Institute for Disarmament Research, Oslo Nuclear Project, Reuters, Australian, NATO Locations: Ukraine, Dnipro, Europe, Russian, State Emergency Service of Ukraine, Dnipropetrovsk Region, Anadolu, United Kingdom, Russia, Moscow, Oslo

☆ Puck's Matt Belloni on the future of cable networks and how Comcast can make 'SpinCo' work
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPuck's Matt Belloni on the future of cable networks and how Comcast can make 'SpinCo' workMatt Belloni, founding partner of Puck, joins CNBC's 'Squawk Box' to discuss Comcast spinning off its cable networks, the future of TV and the media industry, and more.

Persons: Matt Belloni, Puck Organizations: Comcast

☆ Bears find a buffet of battlefield rations at Alaska military base
▼ + stars: | 2024-11-22 | by ( Isaac Yee | ) edition.cnn.com time to read: +3 min

And in Alaska recently, MREs have found new fans: Hungry bears who broke into a storage room at Joint Base Elmendorf-Richardson to feast on the military rations. JBER Wildlife Conservation Law Enforcement OfficeBut bear requirements and human ones are way different. Joint Base Elmendorf-Richardson Wildlife Conservation Law Enforcement personnel responded to a report of a bear being inside a motor pool building. JBER Wildlife Conservation Law Enforcement OfficeIn another incident on November 2, JBER personnel responded to a bear inside a motor pool building. “When more natural food for bears like berries, crabapples and salmon become scarce, bears will seek other sources,” explained James Wendland, JBER wildlife conservation law enforcement officer with the 673d Civil Engineer Squadron.

Persons: CNN —, Richardson, “, ”, James Wendland Organizations: CNN, Base Elmendorf, Conservation, bruin, Defense Logistics Agency, Richardson Wildlife Conservation, 673d Civil Engineer Squadron, “ Bears Locations: Alaska, Anchorage .

☆ King Charles’ coronation: Britain forked out $91 million in the middle of a cost-of-living crisis
▼ + stars: | 2024-11-22 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The coronation of King Charles III and Queen Camilla held in May last year cost British taxpayers £72 million ($91 million), an amount some have labeled excessive. The £72 million spent on the coronation could have paid for 24 million free meals for schoolchildren in London, based on the city government’s current budget of £3.00 ($3.75) per meal. Some additional spending came from the Privy Purse, the monarch’s private source of income, a royal source told CNN. “Plans (for the coronation) were scaled back,” the royal source told CNN. The culture department, in its accounts, said it had underspent its budget on the coronation by £2.8 million ($3.5 million).

Persons: King Charles III, Queen Camilla, Queen Elizabeth II, Finnbarr Webster, ”, Graham Smith, Sovereign Grant —, Sovereign Grant, “, Elizabeth II’s, Max Foster Organizations: London CNN, Department for Culture, Media, Sport, Home Office, Volunteers, Republic, CNN, Sovereign, CNN’s Royal Locations: United Kingdom, Weymouth , England, British, London, Lancaster, London’s Westminster

☆ 82% of workers who asked for a raise in the last year got one, says new report
▼ + stars: | 2024-11-22 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

A majority of full-time workers, 66%, got a raise in the last year whether they asked for one or not, according to an October survey of 2,049 people from LendingTree. And not everyone is asking for a raise at equal rates: Just 35% of women discussed getting a raise, compared with 49% of men, according to LendingTree data. By age range, Gen Z and millennial workers (ages 18 to 43) are most comfortable negotiating for a pay increase. However, the second most-common reason people took a pay cut, at 17%, was in order to take another job with less stress. Roughly one-third of people who experienced a pay cut in the last year saw their salary drop by less than $5,000.

Persons: Z Locations: LendingTree

☆ Where every major character on 'Outlander' left off ahead of the show's season 7 return
▼ + stars: | 2024-11-22 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

Claire started season seven in jail and ended it returning to Scotland with Jamie. Caitríona Balfe as Claire in "Outlander" season seven. Robert Wilson/StarzClaire began season seven in a jail cell in Wilmington after she was falsely accused of murdering her pregnant apprentice, Malva Christie (Jessica Reynolds). Once freed from jail, Claire returned to Fraser's Ridge and continued her duties as the community's doctor and healer, which included delivering her granddaughter. By the midseason finale, Claire and Jamie were making the journey back to Scotland after an unexpected turn of events at the second battle of Saratoga.

Persons: Claire, Jamie, Caitríona Balfe, Robert Wilson, Starz Claire, Malva Christie, Jessica Reynolds, Tom Christie, Mark Lewis Jones, Audiences, Allan Christie, Alexander Vlahos, Malva Organizations: Scotland, Starz Locations: Wilmington, Scotland, Saratoga

☆ OpenAI is eyeing a shot at 2 of Google's most dominant territories: report
▼ + stars: | 2024-11-22 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The browser would be integrated with ChatGPT, according to the report. OpenAI is eyeing two territories that have long been dominated by Google, according to a report from The Information: web browsing and search. As of August, Google Chrome held about 65% of the global web browser market share, according to Statista, a data analytics firm. And as of January, Google Search accounted for about 82% of the global search engine market share. OpenAI already has positioned ChatGPT as a search engine rival with the release of ChatGPT search in October.

Persons: OpenAI's ChatGPT, OpenAI, Ben Goodger, Department's Organizations: ChatGPT, Google, Chrome, DOJ

☆ Cara Delevingne was briefly roommates with Taylor Swift, ‘one of the funniest, most clever people’
▼ + stars: | 2024-11-22 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Cara Delevingne and Taylor Swift are closer than we knew. In an “Interview” conversation with Nikki Glaser, the actress and model shared that she had once lived briefly with Swift. It came up after Glaser said, “I mean, as a Swiftie, I would love a roast of Taylor Swift. But I actually wouldn’t because I would be angry if anyone was really mean.”“That’s so true,” Delevingne said, laughing. “She’s one of the funniest, most clever people,” Delevingne said.

Persons: CNN — Cara Delevingne, Taylor Swift, Nikki Glaser, Swift, Glaser, “, ” Delevingne, Taylor, ” Glaser, Delevingne, ” Organizations: CNN

☆ An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
▼ + stars: | 2024-11-22 | by ( Will Martin | ) www.businessinsider.com time to read: +2 min

AdvertisementEV battery maker Northvolt has entered Chapter 11 bankruptcy protection, it said on Thursday. Northvolt said it had secured an extra $245 million in funding as part of the bankruptcy deal. Northvolt, the battery company founded by two former Tesla executives, has filed for Chapter 11 bankruptcy protection after struggling to ramp up production. AdvertisementFounded in 2016 by Carlsson and Paolo Cerutti, Northvolt aimed to revolutionize battery manufacturing but has struggled in recent months. In June, BMW pulled out of a $2.1 billion order for battery cells for its EVs, citing delays to deliveries.

Persons: Northvolt, Goldman Sachs, Tom Johnstone, Peter Carlsson, Carlsson, Paolo Cerutti, Ford Organizations: EV, Tesla, JPMorgan, Microsoft, BMW Locations: Swedish, Sweden, Skellefteå, Europe

☆ I changed my retirement plans at 57. Now, I travel full time in an RV with my wife and live off of investments.
▼ + stars: | 2024-11-22 | by ( Chris Mott | ) www.businessinsider.com time to read: +4 min

My wife and I built a slab for our RV on my son's property to be near family when we want. I'd spent years as an executive in Southern California, and I had a retirement plan in place for quite some time. My vision for retirement did not include living in an RV or moving to Washington state. My son's house was a fixer-upper, so we helped out with all sorts of projects to help the kids make it their dream home. AdvertisementIn many ways, we're living out our retirement dreamsOur expenses are lower than they were when we had a house.

Persons: I'd, —, Chris Mott, we'd, we've, I'm, I've Organizations: UFO, Design, Social Locations: Southern California, Vancouver , Washington, Washington, Washington and Oregon, Arizona , New Mexico , Texas , Utah, Nevada, Lake Havasu, Roswell, Texas, Vancouver

☆ One of Trump’s Treasury contenders hails from the most cutthroat private equity firm on Wall Street
▼ + stars: | 2024-11-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

The words “private equity” are almost poetic in their power to obfuscate in such a way that most people simply tune out when they hear them. But there’s a reason workers tend to have a negative association with private equity. Per Bloomberg, Apollo “built its name as the scrappiest private equity and distressed-debt investor on Wall Street by buying businesses and loading them up with debt that offered creditors meager protections in the face of default.”Historically, private equity deals were largely handled by big banks. Private equity firms now hold controlling stakes across an array of industries, including supermarkets, housing, health care, fashion, restaurants and vet clinics. And other efforts to force more transparency and accountability in private equity have similarly faced opposition.

Persons: CNN Business ’, Marc Rowan, Donald Trump’s, Rowan, Bill Lazonick, he’s, ”, Megan Greenwell, aren’t, ” Dennis Kelleher, Apollo “, it’s, Sen, Elizabeth Warren of, hadn’t, Scott Bessent, Kevin Warsh, “, ” Greenwell Organizations: CNN Business, New York CNN, Apollo Global Management, Treasury, OCC, Republicans, Industry Research Network, — Bloomberg, KKR, Blackstone, Carlyle Group, Securities and Exchange Commission, “, Research, Treasury Department, Bloomberg, Financial Times, Federal Reserve Locations: New York, ”, Elizabeth Warren of Massachusetts

Search resuls for: "Yale University Graduate School of Arts

25 mentions found