DISCOVER FINANCE

Last year, private equity had one of its biggest years ever, with many firms completing hundreds of billions of dollars in acquisitions and sales. At first glance, this looks like one of the most successful years for the industry. However, recent events reveal that the market may not be as healthy as the numbers suggest. Over the past few weeks, many warning signs have appeared. BlackRock, one of the largest asset managers, limited withdrawals from its private credit funds. A

Although vehicle sales have remained exceptionally strong, this year has been one of the roughest in decades for the world’s largest automakers. The most famous automakers like Toyota, General Motors, Ford, Volkswagen, Nissan, and Stellantis have all reported major profit declines. Furthermore, Honda posted its first annual loss in almost a century, and Porsche and Jaguar both had profits fall by about 99%. These losses come as a surprise, since global vehicle sales have grea

Travel has become increasingly expensive over the past year, and the recent shutdown of Spirit Airlines is another sign that budget-friendly travel could be becoming harder to find. After filing for bankruptcy multiple times, Spirit officially shut down its operations earlier this year, removing one of the largest low-cost airlines from the market. For decades now, cheap airlines have helped make travel more accessible to millions of people across the globe. The competition

Last year, companies, industry groups, and organizations came together to spend a record of $5.24 billion on federal lobbying in the United States. Even so, this number does not even include any state-level lobbying or other forms of political influence. Even though lobbying has always been a key part of American politics, the amount of money flowing into the system continues to grow because it produces enormous returns for many organizations. Lobbying is the process of infl

Is getting a good job still sufficient to build wealth? This question has become increasingly common in Silicon Valley, with a new phrase gaining traction: the “permanent underclass”. This idea describes how advances in artificial intelligence could eventually make many jobs much less valuable, which would make it harder for people to improve their financial situations with work alone. Although AI has significantly highlighted these concerns, the trend itself is not entirely