Senate should proceed with Warsh hearings for Fed chair: Bessent

Senate should proceed with Warsh hearings for Fed chair: Bessent

The Senate should move to advance Kevin Warsh, President Donald Trump’s nominee for Federal Reserve chairman, even as a federal criminal investigation into current chair Jerome Powell continues, Treasury Secretary Scott Bessent said Friday. Bessent, in an interview on CNBC’s “Squawk Box,” said he believes after speaking this week to Republicans on the Senate Banking…

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How family offices bet on sports from fantasy apps to ski resorts

How family offices bet on sports from fantasy apps to ski resorts

Key Points A third of investment firms of the ultra-rich have invested in sports, according to a new family office survey by BNY Mellon. While billionaire sports-team buyouts get the headlines, family offices are increasingly investing in adjacent assets like live-viewing venues and betting apps. Here’s how the family offices of ultra-rich sports team owners…

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Spirit Airlines to recall furloughed pilots as it eyes bankruptcy exit

Spirit Airlines to recall furloughed pilots as it eyes bankruptcy exit

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California.  Kevin Carter | Getty Images News | Getty Images Spirit Airlines is calling back all furloughed pilots after higher-than-expected attrition has strained its operation, according to a company memo, which was reviewed…

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