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AdvertisementFormula 1 kicked off the trend in 2006 after allowing private equity firm CVC Capital Partners to purchase it. Then, in 2021, the NBA allowed private equity to own up to 20% of franchises. For example, the value of Major League Soccer (MLS) was up by 1,565%, or almost five times the index. "You've seen many large private equity firms participating in that space over the past five years or longer, and that certainly has seen significant valuation growth. Below is a table from JPMorgan's 2025 outlook report showing private equity funds planned investment themes.
Persons: David Tepper, Steve Cohen, Jay Serpe, Ted Yarbrough, Serpe, You've, JP Morgan, Yarbrough Organizations: Sports, Carolina Panthers, New York Mets, Capital Partners, NBA, JPMorgan Private Bank, Major League Soccer
AdvertisementJose Palafox used a DST 1031 exchange to defer taxes on his Portland rental sale. In the summer of 2024, Jose Palafox took advantage of a little-known tax strategy called a DST 1031 exchange, which allows investors to avoid capital gains tax on the sale of a rental property. Palafox was ready to sell his Portland rental, which had become more of a headache than a cash cow. Executing a DST 1031 exchange, in which you sell a property and reinvest the proceeds into a Delaware Statutory Trust (DST), not only allowed him to defer capital gains tax — it also released him from landlord responsibilities. To do a DST 1031 exchange, you have to be what's called an accredited investor.
Persons: Jose Palafox, Palafox, Palfox, I'd, you've Organizations: Delaware Statutory Trust, BI, DST Locations: Portland, San Francisco, Bay, Delaware
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew homes sales in October could be the exception rather than the rule, says ICE's Andy WaldenAndy Walden, vice president of enterprise research at ICE, joins CNBC's 'The Exchange' to discuss outlooks on new home sales, the real estate market, and more.
Persons: Andy Walden Andy Walden Organizations: ICE
Here are 12 cities where rent is affordable and on the decline. Even if renters score savings this winter, apartment prices remain 2.3% to 2.5% higher than they were a year ago, according to Zumper. 12 cities with attractively priced apartmentsAlthough the national rate for one-bedroom rent didn't budge this month, there are a dozen midsize or large US cities where apartments are reasonably priced and heading down. Below are the 12 cities where rent was at least $250 cheaper than the national median price of $1,534 in November and less expensive than 12 months ago. Along with each market are its year-over-year and month-over-month rent changes and its median rent, the savings compared to the national median, and its rank among the 100 top US real-estate markets.
Persons: Zumper, Anthemos Georgiades, that's Organizations: Federal Reserve
Escaping the 'Perfection Trap'
  + stars: | 2024-11-26 | by ( Sponsored Ibm | ) www.businessinsider.com   time to read: +5 min
Many organizations experimenting with AI may find themselves stuck in a "perfection trap," reluctant to deploy anything less than 100% complete. This widespread hesitation to move forward can hinder AI progress — and very few organizations have moved beyond the experimentation phase. Roughly 80% of surveyed AI leaders report data-related challenges, including governance concerns. By avoiding the perfection trap, leaders can foster sustained innovation and maximize the value of their AI investments. Read the AI in Action 2024 report to learn more about how IBM can help you turn AI experiments into transformative solutions.
Persons: Winston Churchill, Cathy Reese, hesitancy, Reese Organizations: Public Data, Technology Service, IBM Consulting, IBM, Insider Studios
President-elect Donald J. Trump’s threats to impose damaging tariffs on Canada, Mexico and China may ultimately be an opening wager to try to use the power of the American market to persuade other countries to stem a flow of drugs and migrants across U.S. borders. But even if the threat to impose vast tariffs on some of the world’s largest economies is a negotiating tactic, it is also a gambit that has immediate real-world consequences. Before Mr. Trump even sets foot in the Oval Office, his threat to put tariffs on America’s three largest trading partners on his first day in office was reverberating around the world, shocking international businesses, rocking diplomatic relationships and calling into question two big trade deals that Mr. Trump negotiated during his first term. Mr. Trump’s pronouncement late Monday that he would impose a 25 percent tariff on all goods from Canada and Mexico and a 10 percent tariff on products from China was immediately denounced by business groups, who said such a move would cause grave economic harm. Foreign officials rushed to reassure the incoming Trump administration that they had been working to stop drugs and migrants from coming into the United States — while warning that they were also ready to turn around and impose their own tariffs on American exports.
Persons: Donald J, Trump Organizations: Office, Trump, United Locations: Canada, Mexico, China, U.S, United States
As Musk increasingly turns his attention to politics, Afshar is set to help shepherd Tesla through this volatility. AdvertisementOver the seven years he has spent working for Musk, Afshar has emerged as one of the billionaire's most loyal lieutenants, driven and singularly focused on his goals. Years before Tesla, Afshar studied biomedical engineering at the University of California, Irvine, and worked as a ski instructor. At Tesla and other Musk companies, he said, "the mission is good, and what we're trying to do is right." AdvertisementThe four current and former colleagues said Afshar became lower profile at Tesla in 2022 but continued to work closely with Musk.
Persons: Omead Afshar, Afshar, Elon Musk, Musk, Tesla, Donald Trump, Aly Song, Seth Sharp, Drew Baglino, Rebecca Tinucci, Tom Zhu, Zhu, Elon, Sharp, Omead, Behrad Vahidi, Tesla's, Suzanne Cordeiro, Jared Birchall, Walter Isaacson Organizations: North, Reuters, Tesla, University of California, Bloomberg, Street Journal, of Justice, Securities and Exchange Commission, SEC, DOJ, SpaceX, Financial Times, Twitter Locations: Austin, Germany, North America, Europe, China, Elon, Irvine, Westlake, Los Angeles, San Francisco, Texas, Austin , Texas, Shanghai
For many onlookers, the incident between Luis Rubiales and Jennifer Hermoso at the 2023 Women’s World Cup final offered momentary insight into the life of a women’s soccer player. The fallout to the Rubiales kiss only reinforced her view that this was a story that demanded a wider audience, and now was the time to tell it. Rubiales was serving as president of the Royal Spanish Football Federation (RFEF) when he kissed Hermoso during the Women’s World Cup final medal ceremony. Rubiales gives Hermoso what she says was an unwanted kiss after last year's Women's World Cup final. Vilda watches Spain's players warm up ahead of the Women's World Cup final.
Persons: wasn’t, Luis Rubiales, Jennifer Hermoso, Joanna Pardo, , Pardo, ” Pardo, , Rubiales, Hermoso, ” Rubiales, Jorge Vilda, Vilda, Alexia Putellas, Bonmatí, d’Or, – Irene Paredes, peck, Pablo Blazquez Dominguez, Sandra Paños, , Paredes, Putellas, RFEF, coercing, Luis Jordana de Pozas, Franck Fife Organizations: CNN, Netflix, England, CNN Sport, Royal Spanish Football Federation, FIFA, Court, Getty, Sweden, Rubiales, World Locations: Eurasia, , Spanish, Spain's, Madrid, AFP
"When I first tested it myself, I was absolutely floored, because the draft report was incredibly accurate. "If the police officer is going to rely on artificial intelligence [to draft the report], that report should be reviewed," said New York trial attorney David Schwartz. Axon competitors Truleo and 365 Labs are positioning their AI tools as quality-focused aids for officers rather than time savers. Still, she says "I don't think the genie is going back into the bottle. Schwartz believes that while AI reports could be admissible, they open the door for intense cross-examination.
Persons: Fort, Rick Smith, Robert Younger, Stephanie Pitcher, Parker, McConkie, David Schwartz, Smith, Keith Olsen, , Olsen, Anthony Tassone, 365Labs, Mohit, Cassandra Burke Robertson, Schwartz, it's, Adam Rosenblum, Sergeant Younger, Fort Collins, I've, that's Organizations: East Palo, Fort Collins Police Department, it's, New York, Center, Case Western Reserve University School of Law, Fort Locations: Fort Collins , Colorado, Lafayette , Indiana, East, East Palo Alto , California, Utah, York, New Jersey
“This should be some sort of a pause for significant actions that could potentially start World War III. You F---ing people are about to start World War III,” Rogan said. Rogan even accused Zelenskyy of “doing a lot of blow.”“This is cocaine-like behavior. Klitschko, the retired Ukrainian boxer, responded by posting a video on X, addressed to Rogan, that has amassed 11 million views as of Monday. What are you waiting for?”Klitschko held belts from the International Boxing Federation, the World Boxing Organization and the International Boxing Organization from 2008 until 2015.
Persons: Wladimir Klitschko, podcaster Joe Rogan, Rogan, “ Joe Rogan, Joe Biden’s, , you’re, ” Rogan, Volodymyr Zelenskyy, Zelenskyy, “ Putin, “ Zelenskyy, Putin, insinuate Zelenskyy, Klitschko, ” Klitschko, , Klitschko’s, Vitali Klitschko, Ukraine’s, Dmytro Kuleba, let’s, Donald Trump’s, Trump Organizations: Russia, Zelenskyy, International Boxing Federation, Boxing Organization, International Boxing Organization, Trump, CNN, White Locations: Ukraine, Russia, U.S, Ukrainian, Ukraine’s, Kyiv
Some of the best early Black Friday deals are already live, even though the sale doesn't officially start until later this week on Nov. 29. Below, I rounded up the best early Black Friday deals so far, each of which is highly rated and at least 20% off. SKIP AHEAD Best early Black Friday deals | More early Black Friday sales | How I picked the best early Black Friday deals | Why trust NBC Select? The best early Black Friday deals of 2024I found, vetted and wrote about every deal I recommend below. The best early Black Friday salesHere are the best early Black Friday sales to know about.
Persons: I’ve, , , Rebecca Rodriguez, It’s, Harry Rabinowitz, Billie, Olive, Jones, Jenni Kayne, TikTok Organizations: NBC, Alexa, Amazon, beechwood, Garmin, Walmart, JCPenney, Casper, Google, Samsung, Navy, Adidas, Wellness, Facebook, Twitter Locations: carabiner, grippy
But it doesn’t have to, just ask the world’s flight attendants. “It’s important for flight attendants to know who is sitting in what seats,” she says. And during those quieter moments, he says flight attendants “honestly love to talk to passengers.”We love when people come back and talk to us. Liz SimmonsFor flight attendants, interacting with the occasional famous face is just part of the job. While gifts are thoughtful, flight attendants don’t expect them, and especially not extravagant ones.
Persons: anyone’s, Hunter Smith, Lihas, Liz Simmons, you’ve, Elijah Nouvelage, Smith, , , you’re, Kamil Krzaczynski, Simmons, Mike Blake, FlightRadar, “ It’s, you've, Joshua Lott, don’t, Kent Nishimura, “ I’m, who’s, they’ve, it’s, — Simmons, ” Smith, there’s, — isn’t, ” Simmons, “ It’ll, Alexander Spatari, ” I’ve, who’ve, lister, I’ve, she’s, everyone’s, Liz Simmons “, ’ Simmons, Kevin Lamarque, “ I’ve, They’re Organizations: CNN, Reuters, Getty, Facebook, Los Angeles Times, Netflix, Hallmark, Hollywood, , Disney Locations: Florida, AFP, earshot, Greece, You’re, London, New York,
I’m no different than them.”Beyond “Jailhouse to Milhouse,” Hayden said she has also co-written the book and lyrics to a musical she has been developing. And I think that’s great. Everything’s coming up Pamela!”As Milhouse, Hayden marveled at what she’s been asked to voice over the years, such as singing the French National Anthem as a six year old boy. And in person, the “Simpsons” stars and producers traveled to Europe together to do live shows in London and in Edinburgh, and perform at comedy festivals in Aspen and Montreal. “The Simpsons” producers plan to audition a new actor to pick up Milhouse and Hayden’s other roles.
Persons: Everything’s, Milhouse, Pamela Hayden, Hayden, they’ve, ” Hayden, Variety, , Jimbo Jones, Rod Flanders, Wiggum’s, Sarah, Lisa’s, Janey Powell, “ It’s, “ Hey Arnold, Pinky, I’m, , “ Everything’s, Prince, ” Milhouse, Bart, Matt Groening, “ Pamela, James L Brooks, Matt Selman, Pamela, Hayden marveled, she’s, Meryl Streep, Keith, Mick weren’t, it’s, “ I’ll Organizations: Sunday Locations: New York, Springfield, Europe, London, Edinburgh, Aspen, Montreal
AdvertisementDatabricks CEO Ali Ghodsi isn't the biggest fan of interviews and "gotcha questions." Ghodsi prefers to analyze candidates by testing them with a real challenge within the company. "I don't believe in interviews because I think some people interview well, and they might not be good at all," he said. "And some people interview really poorly, but they might be excellent." AdvertisementGhodsi is not the only executive who finds standard interview questions to be a lacking litmus test for potential hires.
Persons: Ali Ghodsi, Ghodsi, JP Morgan, Carla Hassan, Ali Ghodsi doesn't, Logan Bartlett, Jensen Huang, Huang Organizations: Nvidia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. oil supply increases will be 'marginal' with Trump 2.0, says strategistVikas Dwivedi, global energy strategist at Macquarie Group, says the real issue is whether the world needs that much oil.
Persons: Vikas Dwivedi Organizations: Trump, Macquarie Group
Her books were published in 40 languages and sold more than 90 million copies around the world. Bradford was married for 56 years to German-born film producer Robert Bradford, who died in 2019. By age 16, she left school against her parents’ wishes to become a reporter for the Yorkshire Evening Post. As a young woman, Emma became pregnant by a man who refused to marry her and gave birth to a daughter. Around the same time, she met a fellow journalist at the Yorkshire Evening Post.
Persons: Barbara Taylor Bradford, , Bradford, Queen Elizabeth II, , Robert Bradford, Emma Harte, Jenny Seagrove, Emma, Deborah Kerr, ” Bradford, “ Emma, Frederick Oliver Robinson, Marquess, Ripon, ” Seagrove, , Piers Dudgeon’s “, Uma Thurman, Sean Connery, James Bond, Peter O’Toole, Keith Waterhouse, Sam Spiegel, Lawrence, Keith, , you’d Organizations: York AP, Sunday, Bradford, Will, Yorkshire Evening, Woman’s, London Evening News, Studley Royal, IBM, Guardian Locations: British, New York City, Leeds , West Yorkshire, United States, London, Studley, Yorkshire, Manhattan’s
Whereas Burlington Stores, which appeals to a more brand-conscious and slightly more affluent demographic, sports a price-to-sales of 1.8 and is trading at 36 times forward earnings estimates. According to Placer.ai data, observed customers rose 5% YoY on a 91 trailing-day basis at Burlington and fell 3.2% at Kohl's stores. Kohl's stores implies an eye-watering 11.6% move versus a 10-year average of about 7%. Nevertheless, using "diagonals" as follows has payoff characteristics that are generally similar: Buy KSS Apr. 17 $15 put Sell KSS Nov. 29 $15.50 put Sell KSS Nov. 29 $18.50 call Buy KSS Apr.
Persons: Nordstrom, Kohl's, BURL Organizations: Burlington Stores, New York Fed, Traders, CNBC, NBC UNIVERSAL Locations: Burlington
Conventional wisdom holds that Musk — the world’s richest man and key Donald Trump ally — and his friends are just joking. But Musk’s posts are adding to the anxiety that MSNBC staffers are feeling about the reelection of Donald Trump and the recently announced spinoff of Comcast’s cable channels. I learned that more than one benevolent billionaire with liberal bonafides has already reached out to acquaintances at MSNBC to express interest in buying the cable channel. Instead, he is moving MSNBC and a half dozen other cable channels into “SpinCo,” a pure-play cable programming company. I have sensed quite a bit of enthusiasm at MSNBC about “SpinCo,” actually, because the new structure should allow for more investment into MSNBC, CNBC and the other brands.
Persons: CNN — Elon Musk, Donald Trump, , bonafides, Brian Roberts, Benjamin Swinburne, Morgan Stanley, SpinCo, , , Donald Trump , Jr, Joe Rogan, Rachel Maddow’s, Musk, Maddow, Mark Cuban, Trump, Matt Gaetz, Viktor Orbán’s “, Ian Bassin, ” Bassin, Gábor, Kamala Harris, Cuban Organizations: CNN, MSNBC, Twitter, Comcast, , CNBC, Trump Jr, Former Florida, ” CNN, , Democracy, Politico Magazine, Fox Locations: Hungary
Warren Buffett surprised shareholders on Monday with a near-1,500-word letter alongside his usual Thanksgiving gift to four of his family's foundations. The famed investor and Berkshire Hathaway CEO said he would shortly convert 1,600 of his Class A shares into 2.4 million Class B shares, worth about $1.2 billion. Buffett picked more trustees to share his wealthIn his unexpected missive to Berkshire shareholders, Buffett said the gifts would reduce his personal stockpile to 206,363 A shares, worth $149 billion. Buffett said his late wife's estate was worth about $3 billion, and 96% of that went into the pair's foundation. They are also somewhat younger than my children," Buffett said, adding those individuals are "on the waitlist" and he hoped his children disbursed all his assets.
Persons: Warren Buffett, Buffett, Elon Musk, Susan Thompson Buffett, Susan Thompson Buffett Foundation —, , Howard G, He's, — Howard, Susie, Peter —, curt, — Buffett, Bertie, Morgan, Rockefeller, didn't, they're Organizations: Berkshire Hathaway, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Oracle, Elon, Bloomberg, Berkshire, Ford, Carnegie Locations: Berkshire, Omaha
For months leading up to that moment, tens of thousands of Russians protested as Mr. Putin prepared to return to the Kremlin following four years in a shadow role as prime minister. The day before Mr. Putin was inaugurated in May, the police violently cracked down on a mass protest. When Mr. Putin drove through a Moscow cleared of any signs of life, and through the Kremlin gates, the protest movement was effectively dead. As this fact settled in, opposition-minded Russians flooded social media, recalling just how young they were when Mr. Putin first headed the state more than 12 years prior — some remembered their college days, others elementary school. The United States is not Russia, and Mr. Trump is not Mr. Putin.
Persons: Donald Trump’s, Vladimir Putin’s, Putin, Trump Organizations: Mr Locations: Moscow, United States, Russia
“The dismal outcomes of COP29 … have raised serious concerns about the integrity of the global climate negotiation process,” said Harjeet Singh, of the Fossil Fuel Treaty Initiative. Fossil fuel interests unleashedCOP climate summits are always painstaking and fraught. More than 1,700 fossil fuel industry players and lobbyists registered to attend the summit, heavily outnumbering most country delegations. Climate groups compared the final deal to a band-aid on a bullet wound, and developing countries reacted with fury. Billed as the most important climate summit since Paris, it’s here countries will set out their climate plans for the next 10 years.
Persons: Ilham Aliyev, Rich, , Harjeet Singh, Payam Akhavan, COP29, Mukhtar Babayev, Maxim Shemetov, Donald Trump, , Margaretha Wewerinke, Singh, Akhavan, populists, Friederike Otto, ” CNN’s Ella Nilsen Organizations: CNN, United Nations, Union, COP29 United, Change, Imperial College London, Putin, Co Locations: Baku, Azerbaijan, COP29, US, Paris, Small, States, Russia, Argentina, petrostates, Saudi Arabia, Vanuatu, COP30, Brazil, it’s, petro
In it, he suggested the measles vaccine itself may have caused the outbreak. At the time of his letter, 16 people, many of them younger than 2, were already reported dead. For months, families grieved over heartbreaking little coffins, until a door-to-door vaccination campaign brought the calamity to a close. I was in Samoa during that outbreak as part of my more than 16 years of reporting on the anti-vaccine movement. Migration and poverty were likely factors in a sudden spread of measles in Samoa and New Zealand.
Persons: Robert F, Kennedy Jr, , Donald Trump’s, Human Services —, , Kennedy Organizations: Health, Human Services, Children’s Health Defense, Pacific, New Zealand Medical Locations: Samoa, New Zealand
When it comes to fully remote work, Corcoran is still on the fence, she told iHeart's "Way Up With Angela Yee" podcast last month. "Whether people are more productive at home — I'm not sure I'm buying it as a boss," said Corcoran. At the same time, Corcoran said she understands the perspective of those who prefer to work from home. Workers were ushered into remote and hybrid work in 2020 following the onset of the Covid-19 pandemic. Moreover, flexible work models boost employee happiness and reduce attrition by 33%, a 2023 study found.
Persons: Barbara Corcoran, Corcoran, iHeart's, Angela Yee, I'm Organizations: Corcoran Group, Workers, Owl Labs
AdvertisementI followed Ina Garten's recipes for pumpkin, apple, and pecan pie to see which I liked best. The pecan pie tasted like a cocktail, and the apple pie was shockingly simple to throw together. I ended up with extra pumpkin-pie filling, but Garten's buttery crust was the real winner. I sometimes struggle to create a buttery, flaky crust, and my fillings don't always have the right texture. Here's how my day of baking went as I attempted to make Garten's pecan, pumpkin, and apple pies.
Persons: Ina Garten's, I'm, Ina Garten
On his "Money for Couples" podcast, self-made millionaire and money expert Ramit Sethi often meets couples with varying levels of income and net worth who feel badly about money. Many of the couples think they just need more money to feel better, but that's often not the case, Sethi tells them. For many people, how you feel about money is uncorrelated to the amount in your bank account. The couple earns a combined $365,000 a year and have a $1.5 million net worth, yet they constantly disagree about financial decisions and can't stop worrying about money. Nathan and Linda know their numbers, maybe even too well.
Persons: Ramit Sethi, that's, Sethi, Nathan, Linda, he's, it's Locations: Linda
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