Kara Wetzel

3 weeks ago | ndtv.com | David Baker |Kara Wetzel |Dave Merrill

Trump called the billionaire "crazy" and threatened to cancel his companies' federal contracts Quick Read Summary is AI generated, newsroom reviewed. A public feud erupts between President Trump and Elon Musk over a tax bill, featuring insults and threats on social media. Musk criticises Trump’s policies, while Trump threatens to cut Musk's federal contracts, causing Tesla shares to plummet 14%.

3 weeks ago | bloomberg.com | David Baker |Kara Wetzel |Dave Merrill

(Bloomberg) -- The breakup between the world’s most powerful politician and the world’s richest man is playing out in a manner befitting an era of hyperreality: with stunning speed, wild recriminations, and in public via television and their own social media platforms. President Donald Trump and Elon Musk, who just last week stood together in the Oval Office to proclaim their lasting friendship, traded barbs and insults in real time on Thursday.

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?