Monthly Archives: November 2022

‘Mattress Mack’ turned $5,000 in savings into a Texas furniture empire known for generous promotions, and recently won $75 million in the largest payout in sports-betting history

Jim “Mattress Mack” McIngvale. Getty/Carmen Mandato American businessman Jim McIngvale, most widely known as ‘Mattress Mack,’ built Gallery Furniture, a succesfull furniture retail chain based in Houston, Texas. The Texas furniture kingpin has also broken gambling records, including winning $75 million in the largest payout in sports betting history. Here’s how McIngvale’s career has evolved…

Kanye West told staff he was inspired by ‘skinheads and Nazis’ while planning the Yeezy fashion show where he wore a ‘White Lives Matter’ shirt, report says

Kanye West arriving at the Balenciaga show for Paris Fashion Week in October. Jacopo M. Raule/Getty Images For Balenciaga Rolling Stone reports that Kanye West said he was inspired by “skinheads and Nazis.” He reportedly made the “casual remark” while working on a Yeezy collection for Paris Fashion Week. West has been dropped by Adidas…

‘Yellowstone’ creator says it’s not ‘the red-state Game of Thrones,’ pushing back on the idea that it’s a conservative TV show

“Yellowstone”/”Game of Thrones” Paramount Network/HBO “Yellowstone” creator Taylor Sheridan pushed back against the notion it’s a right-leaning series. “I just sit back laughing. I’m like, ‘Really?’” he told The Atlantic in a new profile published Thursday. It’s not the first time he’s contested that “Yellowstone” is a conservative TV show. Paramount Network’s “Yellowstone,” the biggest…

Sam Bankman-Fried secretly transferred FTX customer funds to Alameda Research after his trading firm suffered losses in the spring, report says

Sam Bankman-Fried. Craig Barritt/Getty Images for CARE For Special Children Sam Bankman-Fried transferred at least $4 billion in FTX funds to Alameda Research earlier this year, sources told Reuters.  The money included customer funds as well as those backed by FTX’s native token FTT and shares in Robinhood.  The Wall Street Journal reported FTX lent more…

It’s looking more likely that any recession next year will be shallow and manageable

Getty Images Inflation rose 7.7% year-over-year in October, slowing down from the previous month. This shows the Fed’s aggressive efforts to fight inflation might be working. That’s good news for a potential recession next year that won’t be as bad as many might expect. Even if a recession does come next year, it probably won’t…

Ex-Putin advisor compares Kherson retreat in Ukraine to the collapse of the Soviet Union, warning of ‘really big’ consequences

Russian President Vladimir Putin attends a wreath laying ceremony marking the 73rd anniversary of the Soviet Union’s victory over Nazi Germany during World War II on May 9, 2018, in Moscow. Mikhail Klimentyev/Getty Images A former Putin advisor likened Russia’s retreat from Kherson to the collapse of the USSR. Sergei Markov, the ex-advisor, said there…

Trump says ‘I’d like to apologize to Melania’ on behalf of news outlets that reported he blamed her for his failed endorsement of Dr. Oz

Former President Donald Trump speaks to reporters alongside his wife, former first lady Melania Trump. Joe Raedle/Getty Images Trump said he was sorry to Melania after a report that he’s privately blaming her for faulty election advice. The New York Times reported that Trump is trying to cast the blame on others for his backing…

Trump rants on social media about how he is ‘not at all angry’ about the midterms, saying he actually ‘did a great job’

Donald Trump speaks during a rally at the Dayton International Airport on November 7, 2022 in Vandalia, Ohio. Drew Angerer/Getty Images Donald Trump seems really angry about reports that he’s angry. He is lashing out at the “fake narrative from the corrupt media” that he’s angry about the midterms. He claims he did “a great…

An investor with 35,000 rental houses is sitting on $3 billion of ‘dry powder’ as it waits for the perfect time to buy up thousands more homes

Tricon Residential is slowing purchases in the face of higher interest rates, but expects there will be opportunities to buy larger portfolios at discounted prices in the future, its CEO, Gary Berman, said. pbk-pg/Getty Images Tricon Residential is one of the biggest owners of single-family rental homes in the US.The SFR industry boomed during the…