Carlyle quits bidding process for Thyssenkrupp marine arm

President-elect Donald Trump nominated Pam Bondi as attorney-general following Matt Gaetz's withdrawal from consideration. Trump stated that the Department of Justice has been weaponized against Republicans and that Bondi will refocus it on fighting crime. He described Bondi as smart, tough, and an advocate for America First, believing she will do an excellent job as Attorney General. Full Article

Wall Street's optimism following Donald Trump's reelection has benefited stocks that typically thrive in bullish sentiment, driven by expectations of looser regulations and lower corporate taxes. Piper Sandler's analysis shows that bullish sentiment is at an extreme, with investors anticipating market growth and improved economic data. Stocks like Uber and Garmin, which historically perform well in high sentiment environments, have seen notable gains in 2024, with Uber potentially benefiting from looser regulations under the new...

In 2015, facing regulatory threats to their consumer tech business, the company pivoted to enterprise, a risky move that paid off, highlighting the importance of adapting to market shifts. With the Trump administration looming in 2025, businesses must prepare for potential policy changes impacting sourcing and compliance. Lessons learned include the need for diverse revenue streams, leveraging AI for business outcomes, and building resilient supply chains to navigate uncertain times and thrive in the evolving...

Bitcoin prices have surged, gaining 172% in the past year and 45% in the last month, potentially reaching $100,000 soon. The rise is attributed to Donald Trump's re-election, ETF launches, and the Bitcoin halving event increasing institutional interest. There is speculation on whether the US will start buying Bitcoin, but concerns remain about its volatility and downside risks. Full Article

In response to a shift towards the right, misinformation, and lack of moderation on Elon Musk's social media platform X, high-profile figures like Jamie Lee Curtis and Stephen King have left, sparking an exodus with 60,000 daily account deactivations. This departure has impacted professionals like teachers and doctors who utilized X for networking and community-building, leading some organizations like Balenciaga and The Guardian to also withdraw. While some have found alternatives like Bluesky, others like...

Gautam Adani, chairman of Adani Group, emphasized the necessity of fossil fuels for India's large population at the Forbes CEO Summit in Singapore, stating an immediate elimination of fossil fuels would not be feasible for the nation. The Adani Group has denied allegations of bribery and fraud made by U.S. authorities against Gautam Adani, with shares of companies in the group plummeting following the indictment of Adani in a New York federal court for an...