Private

Flight Fiasco: Trump’s Private Plane Clips Parked Jet in Florida Airport Mishap

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West Palm Beach, Florida – Former President Donald Trump’s private plane was involved in a minor incident at a Florida airport over the weekend, as confirmed by the Federal Aviation Administration and public records. The incident occurred when Trump’s Boeing 757 clipped a parked corporate jet while taxiing. According to a public FAA database, the tail number of the Boeing 757 matched Trump’s plane, linking it directly to the incident in West Palm Beach, Florida. …

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Private Credit: Mortgaging the Fund Sparks Concerns Among Financiers

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New York, NY – Private equity investors are increasingly turning to a new strategy known as mortgaging the fund, causing a buzz in the financial world. This method involves borrowing against the fund’s portfolio to access additional capital for investments. Investors in private credit markets are expressing concerns over the concept of ‘leverage on leverage’, as financiers grapple with the risks associated with this approach. The practice of layering debt on top of debt has …

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SpaceX Unveils New SpaceX EVA Suit for Private Astronaut Spacewalk – Get the Latest Updates Now!

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San Francisco, CA – SpaceX has recently unveiled its new sleek spacesuits as part of preparations for an upcoming historic mission. The innovative design represents a significant step forward in space technology and has generated excitement among space enthusiasts. These new spacesuits, designed for Extravehicular Activity (EVA), feature a streamlined and futuristic look. The sleek design not only enhances mobility for astronauts during spacewalks but also reflects SpaceX’s commitment to pushing the boundaries of space …

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Peloton Considering Private Equity Buyout Amid Record Losses – CNBC

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New York City, USA: Private equity firms are eyeing a potential buyout of Peloton, the connected fitness company based in New York, as it seeks to restructure its debt and bounce back from 13 consecutive quarters of losses, as reported by CNBC on Tuesday. Speculation surrounding the company’s future has caused shares of the fitness equipment manufacturer to surge by 13% in early trading. Amidst talks of going private, Peloton has engaged in discussions with …

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Bankruptcy Crisis: Nation’s Largest Private Hospital Chain in Texas Seeks $300M to Stay Afloat

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Dallas, Texas – After facing months of uncertainty about its future, the nation’s largest private, for-profit hospital chain, Steward Health Care, has made the decision to file for Chapter 11 bankruptcy. This move was seen as a necessary step for the company to restructure its debt under the supervision of the court while maintaining operations at its hospitals throughout the United States, including eight in Massachusetts. Steward Health Care, which operates over 30 hospitals across …

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Hedge funds “dead” for super rich investors, Tiger 21 data shows major shift towards index funds and private equity

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Miami, Florida – Hedge funds are losing their appeal among high-net-worth investors, according to Michael Sonnenfeldt, founder and chairman of Tiger 21, a network of ultra-wealthy individuals and entrepreneurs. Over the past 16 years, Tiger 21 members have drastically reduced their allocation to hedge funds from 12% to just 2%. Sonnenfeldt described hedge funds as “dead as a doornail” in the eyes of his network’s affluent members. Instead of hedge funds, these high-net-worth investors are …

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Billionaire’s Private Island Trip Turns Deadly in Zoë Kravitz’s Horror-Drama ‘Blink Twice’

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Los Angeles, California – In Zoë Kravitz’s directorial debut film “Blink Twice,” the veil of secrecy on the private islands of the wealthy unveils a chilling tale where perception may lead to peril. The movie centers on tech magnate Slater King, portrayed by actor Channing Tatum, who entices cocktail server Frida, played by Naomi Ackie, in an invitation to an idyllic getaway on his secluded island. However, as the journey unfolds, Frida finds herself entangled …

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Embezzlement Scandal Rocks Former Michigan House Speaker: Luxury Lifestyle Funded by Public and Private Funds

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LANSING, Michigan – Former Michigan House Speaker Lee Chatfield faces felony charges for allegedly embezzling public and private funds alongside his wife, Stephanie. Attorney General Dana Nessel announced the charges on Tuesday, accusing Chatfield, 35, of leading a lavish lifestyle fueled by funds misappropriated for fine dining, luxury hotels, and exotic trips. The charges against Chatfield include embezzlement, conspiracy, and larceny, with the most serious charge of conducting a criminal enterprise carrying a 20-year penalty. …

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Diary Thief Sentenced: Florida Woman Faces Jail Time and Home Detention for Stealing Ashley Biden’s Private Thoughts

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Miami, Florida – A Florida woman has been sentenced to a month in prison for the theft of Ashley Biden’s diary. The woman, who pleaded guilty to the crime, was also ordered to serve home detention as part of her punishment. The woman’s actions came to light after she stole and then sold the diary, which belonged to the daughter of President Joe Biden. The diary contained personal and private information, raising concerns about privacy …

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Blackstone and Billionaire Owner on Verge of Taking L’Occitane Private – Huge Deal Announcement Expected Soon!

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Hong Kong, China – L’Occitane International SA, owned by billionaire Reinold Geiger, and Blackstone Inc. are reportedly in the final stages of negotiating a deal to privatize the skincare company. This potential move marks the possible conclusion of L’Occitane’s 14-year listing on Hong Kong’s stock exchange. Sources familiar with the matter revealed that Blackstone Inc., the world’s largest alternative asset manager, might offer debt financing for the acquisition. These sources, who chose to remain anonymous …

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