Kara Wetzel

Nov 11, 2024 | thewealthadvisor.com | Dawn Lim |Kara Wetzel

(Bloomberg) - Steve Schwarzman’s early endorsement of Donald Trump is proving to be a canny wager. The Blackstone Inc. (BX) chief’s pledge in May to “vote for change” and root for Trump marked a turning point for Schwarzman, who had previously distanced himself from the former president. It also set him apart from high-profile business chiefs, including Warren Buffett and Jamie Dimon, who remained publicly neutral as Kamala Harris went up against one of the most divisive presidents in US history.

Sep 25, 2024 | bloomberg.com | Kara Wetzel

As more American colleges buckle under fiscal pressure, one school is rapidly expanding to bolster its finances and attract new students. Northeastern University, once known as a Boston commuter school, has a dedicated mergers and acquisitions team that’s snapped up flailing competitors from New York to California. It’ll soon own more than 10 million square feet of real estate across 14 campuses globally.

Jul 26, 2024 | bloomberg.com | Kara Wetzel

America’s elite universities are in the spotlight for how they handle their vast wealth, with some politicians threatening to reconsider their tax-exempt status. Harvard, the richest US college with an endowment of more than $50 billion, is at the center of another issue: What financial benefits do schools reap from tax savings, and what responsibilities do they have to their broader surroundings?

Jul 12, 2024 | bloomberg.com | Kara Wetzel

In April 2021, a telecommunications cable buried off the coast of Norway suddenly and inexplicably stopped working. A team of scientists at a marine research institute found themselves thrust reluctantly into the role of amateur detectives to figure out what happened — only to find the cable had been severed, very likely intentionally.

Jul 12, 2024 | flipboard.com | Kara Wetzel

4 hours agoSet in an otherworldly landscape surrounded by glaciers, forests and lakes, this once-sleepy town has transformed into the ultimate gateway to the great outdoors. The gumdrop-coloured lights, world maps and bamboo bar give Pangea the hip vibe of a beach bar in Mexico rather than a restaurant located …