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The 2022 ticketing meltdown that enraged Taylor Swift fans is not proving easy for Ticketmaster and parent company Live Nation to just shake off.The Eras Tour ticketing fiasco took center stage as the federal Live Nation-Ticketmaster antitrust trial began with opening statements on Tuesday in Manhattan.”We will present evidence from inside Live Nation and Ticketmaster that shows that their technology is held together by duct tape,” Assistant US Attorney David Dahlquist told jurors.The Eras Tour ticketing disaster is a prime example of how a lack of competition let the entertainment giant foist an inferior product on fans, artists, and venues…

I’d been watching McDonald’s CEO Chris Kempczinski’s Instagram Reels videos for months now.I was hooked — watching his soft-spoken style of dispensing life and business tips, usually filmed in his minimally decorated office. Sprinkled in every so often, he tried a new McDonald’s item. I sent videos of his 2026 food trend predictions (fiber will be “big”) to my colleagues and friends — Can you believe this very Type A-seeming guy is the McDonald’s CEO?(I’d been trying to get an interview with him for a while now! McDonald’s PR hasn’t returned my calls.)So imagine my surprise when I saw Kempczinski…

Even one of private credit’s biggest proponents is warning of a potential industry “shakeout.”Marc Rowan, CEO of private credit giant Apollo Global Management, told Bloomberg News editor in chief John Micklethwait at the Bloomberg Invest conference on Tuesday that he thinks that there “will be a shakeout” in the alternative investment sphere.The comments come as fears mount over non-bank lending, with investors in semi-liquid retail funds at firms like Blackstone and Blue Owl ramping up withdrawal requests.Rown cited geopolitical instability, inflation, and technological change among the factors behind the impending private market shakeout. He said good managers will continue to…

Some New York City parents with 2-year-olds will save thousands of dollars this fall.Mayor Zohran Mamdani is officially rolling out one of his key affordability initiatives aimed at parents: Beginning in September, four communities will get 2,000 free 2-K seats — an initiative that will expand across the city throughout the rest of Mamdani’s tenure.The communities set to receive the first tranche of 2-K seats span the city; they were chosen based on criteria that considered childcare demand and economic need. Those areas are uptown Manhattan’s school district 6, the Bronx’s school district 10, Brooklyn’s districts 18 and 23, and…

Jon Gray, President and COO of Blackstone, speaks during the Axios BFD event in New York City, U.S., October 12, 2023. REUTERS/Brendan McDermidBrendan Mcdermid | ReutersBlackstone president Jon Gray on Tuesday defended the quality of loans within the firm’s flagship private credit fund after investors pulled nearly 8% from it in the last quarter.The alternative asset management giant said in a late Monday filing that it allowed investors to withdraw 7.9% of BCRED, which it calls the largest private credit fund in the world, with about $82 billion invested. Blackstone did so in part by allowing the firm’s own investors…

Blackstone’s retail-oriented private credit fund saw $1.7 billion in investors’ cash leave in the first quarter amid growing anxieties over non-bank lending.Investors in the $82 billion BCRED tendered 7.9% of the fund’s shares for repurchase in the first quarter, according to a filing with the Securities and Exchange Commission. That exceeded the fund’s usual 5% quarterly repurchase cap, which the fund’s board approved to fulfill all redemption requests.Blackstone’s stock price fell 7% as of 10:52 am following the filing.The news comes amid widespread jitters around the private credit asset class and its move into the retail market, which has led…

2026-03-03T15:27:01.440Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. As a longtime Costco employee, I love seeing the new items that come into the warehouse each month. The Shark Stainforce system and BBQ Daddy scrubber are great for spring cleaning. I saw lots of great food items, like Lesser Evil Moonions and The Only Bean roasted edamame. I’ve…

Updated 2026-03-03T15:07:01.250Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Larry Ellison, Oracle’s cofounder and former CEO, has an extensive real estate portfolio. His holdings include multiple homes in California, as well as 98% of the Hawaiian island of Lanai. Here are all the real estate holdings belonging to Ellison, the sixth-richest person in the world. Larry Ellison,…

One man in the US owns enough land to cover the entire state of Delaware nearly twice over — or New York City 14 times over.Billionaire Stanley Kroenke is the largest landowner in America, owning 2.7 million acres, according to the 2026 Land Report 100, which tracks individual landowners across the US.Kroenke’s holdings beat the record previously held by California’s Emmerson family, which owns 2.44 million acres of timberland across California, Oregon, and Washington.Kroenke, 78, has an estimated net worth of $22.2 billion as of March 2, Forbes reported.His fortune is largely tied to his investments in sports franchises and…

The past decade has been a roller coaster for the housing market.Some cities have experienced surprising yet sustainable booms in growth, while others have deflated as movers choose to live elsewhere. The reallocation of America’s population has driven high housing demand across multiple markets.The number of households added is a key way economists measure how much pressure a market faces, said Nadia Evangelou, a senior economist at the National Association of Realtors (NAR).”Household growth is one of the most direct indicators of housing demand,” Evangelou told Business Insider. “When you add 357,000 households in 10 years, that’s about 357,000 additional…