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The family that owns NASCAR is considering a sale of its entire majority stake, according to Reuters:
The France family is working with investment bank Goldman Sachs to identify a potential deal for the company, the sources said, cautioning that the deliberations are at an exploratory stage and no agreement of any kind is certain.
It is unclear how a sale would affect NASCAR management, since Brian France is currently the group's CEO.
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The prime example of something highly improbable that became conventional wisdom: The idea that both interest rates and inflation will remain near zero for well over a decade.
Why it matters: As Axios' Dan Primack writes, private equity firms (the polite rebranding of "leveraged buyouts") have historically bought companies and loaded them up with debt.
Illustration: Aïda Amer/Axios
Our febrile world is not normal.
The big picture: The precautions that we're taking against the spread of COVD-19; the way in which the president of the U.S. delights in violating political norms; the fires, hurricanes and other signs that catastrophic global warming has arrived; the virulent spread of the QAnon conspiracy theory — all of these things, and many more, represent a stunning break with the world as we knew it.
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