Bringing you just the headlines

  • WeWork's Quarterly Loss Exploded To $1.3 Billion Ahead Of Failed IPO

    WeWork's Quarterly Loss Exploded To $1.3 Billion Ahead Of Failed IPO WeWork went on a spending spree in the days ahead of its now failed IPO. The recently insolvent company which until a few months ago had a valuation of $47 billion before it had to be bailed out by SoftBank saw its losses more than double in the third quarter, soaring to $1.25 billion, not much below its loss for the entire 2018. The results, which were reported in a presentation for WeWork creditors - the...

    Zero Hedge
  • GM Strike Ends After Longest Work-Stoppage Since 1970, Over $2 Billion In Costs

    GM Strike Ends After Longest Work-Stoppage Since 1970, Over $2 Billion In Costs Ending a nearly six-week long strike, one which Wall Street analysts said was adversely impacting the US economy and would hit the October payrolls reports, late on Friday workers at General Motors’ US plants approved a new labor deal following contentious negotiations over pay and production plans, ending the longest work stoppage at GM since 1970. In the Friday vote Friday, members of the United Auto...

    Zero Hedge
  • Mysterious bitcoin player manipulated cryptocurrency to historic $326 billion market value, study claims

    "Biggest implication? Crypto can be pushed around easily by big whales," University of Texas Professor John Griffin, an author of the study, tells "Newsweek."

    Newsweek
  • Billionaire Ken Fisher's losses approach $3 billion after Goldman Sachs reportedly drops him over sexist comments

    Goldman Sachs is reportedly joining the list of clients ditching Ken Fisher after the billionaire money manager made a series of sexist comments at a conference earlier this month. The banking titan is pulling $234 million from Fisher Investments, Bloomberg reported, citing a person familiar with the matter. Fisher's clients including Fidelity have now pulled close to $3 billion from his money management firm. View Business Insider's homepage for more stories.  Goldman Sachs is reportedly...

    markets.businessinsider.com