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Private equity is buying up businesses in the skilled trades

Skilled trades businesses, like HVAC repair and plumbing companies, are seen as stable, future-proof business models. Private equity wants in.
Private equity firms will buy a few skilled-trade businesses, then combine them to make one much larger company. "The idea is you improve the margins and efficiencies," said Te-Ping Chen from the Wall Street Journal.
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Fed's rate cut influenced lending in advance. But hiring may pick up down the road.

Sep 19, 2024
Some effects of cheaper money won't be visible until next year, and smaller, more risk-averse businesses may be slower to respond.
Lenders were expecting a cut and had priced it into their business, says former Federal Reserve economist Karlyn Mitchell.
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The number of publicly traded companies in the U.S. is in decline. Here's why that matters.

May 13, 2024
When fewer companies are public, it limits our understanding of what’s happening in the economy.
The number of publicly listed companies has been nearly halved since the '90s.
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Why promoting financial investments is riskier than promoting sneakers

Nov 30, 2023
Soccer star Cristiano Ronaldo is facing a class action lawsuit over his relationship with the crypto exchange Binance.
Soccer star Cristiano Ronaldo is being sued in a $1 billion lawsuit over his relationship with the crypto exchange Binance. Above, Ronaldo in 2020.
Miguel Medina/AFP via Getty Images

Why Yankee capital likes European football

Sep 22, 2023
The owner of Everton soccer club in England’s Premier League has agreed to sell the Liverpool-based team to a Miami-based investment group.
If Everton's sale to a Miami-based investment group goes through, Americans would own 10 of the 20 clubs in the world’s most lucrative soccer league.
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Crypto marketing attracted a disproportionate number of Black investors. Here's why.

Feb 3, 2023
Black Americans were more likely to be involved in cryptocurrencies than white Americans, with many using crypto as their first foray into investing.
Attendees at a promotional event called “The Future of Blockchain Is Here!” in Bowie, Maryland.
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When it comes to crypto, it's buyer beware

Nov 11, 2022
The Consumer Financial Protection Bureau (CFPB) has released a new bulletin of consumer complaints about crypto.
The Consumer Financial Protection Bureau has received more than 8,000 complaints about crypto in the past four years.
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For public good, not for profit.

As stocks flag and home prices dip, consumers spend less, spend different

Sep 27, 2022
It's called the wealth effect: Household spending decisions tend to be influenced by the ups and downs of asset prices.
Research suggests that feeling pinched financially shifts spending from services to goods, says  Stephanie Tully at the University of Southern California.
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When a cryptocurrency you never heard of drains your life savings

Jun 9, 2022
The terraUSD meltdown destroyed the nest eggs of people who had no idea what it was nor that they'd invested in it.
A cryptocurrency exchange office in Istanbul in October. Last month, the "stablecoin" terraUSD lost $60 billion in value in a matter of days.
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Why this South Carolina county is seeing an investment boom

Jul 12, 2021
Spartanburg County is receiving more investment this year than in the last four years, much of it in manufacturing.
About 36% of Spartanburg County jobs are auto-related, said David Britt, chair of the county's economic development committee. The local economy is enjoying what he calls "Earth-shattering numbers."
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