Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters Goldman Sachs was stung by its bet on WeWork — but not as badly as some analysts had feared. The bank lost about $80 million on its stake in the coworking company in the third quarter, CFO Stephen Scherr told investors Tuesday. While WeWork’s valuation plunged
Month: October 2019
Paul Burton Paul Burton is the Northeast Regional Editor for The Bond Buyer and the author of the book “Tales from the Newsrooms.” He is a sought-after public speaker and has appeared on radio and TV shows, including former CBS News White House correspondent Sharyl Attkisson’s public-affairs program, “Full Measure.”
Digital asset manager CoinShares is putting gold on the bitcoin blockchain. Working with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA, the U.K.-based firm announced Tuesday a gold-backed network for trading tokens representing digitized physical gold, a project two years in the making. According to CoinShares, the network launches today with more than
HP logo, at Hewlett-Packard pavilion, during theMobile World Congress day 3, on February 28, 2018 in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images) NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading: Blackstone – Shares of the alternative asset manager shed 1.5% following a downgrade to neutral
Pilgrim Estate Pittsburg, Texas Concierge Auctions For an estate as big as Cluckingham Palace, this may surprise you: Clayton Pilgrim says his favorite room in his grandparents’ home is actually not the home theater. Or the indoor swimming pool that was modeled after the pool and spa at the Greenbrier. “My grandfather’s office is my
Salen Churi and Brian Tochman, founders of Trust Ventures Source: Trust Ventures A venture capital firm with close ties to billionaire industrialist Charles Koch is expected to reach $100 million in new funding to invest in startups focused on social change. Trust Ventures launched last year at Koch’s semiannual private retreat for donors to his
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Scott Morgan | Reuters David Rolfe, a longtime Berkshire Hathaway shareholder and chief investment officer at Wedgewood Partners, is fed up with
The problem with most investing strategies is that they haven’t measured up well against simple indexes when comparisons have been confined to the 10-year bull market in U.S. stocks. If you look back far enough to encompass bull-and-bust cycles, the results are quite different. “If you are 70 or 65 today, during the last 20
Puerto Rico has requested and received an additional year from the federal government to submit reconstruction plans as officials prepare for a Supreme Court hearing Tuesday and a congressional hearing the following week on proposed changes to the law that created the island’s Oversight Board. Commonwealth officials filed a request Thursday with the Federal Emergency
Cryptocurrency exchange Coinbase has been granted an e-money license by the Central Bank of Ireland. Writing in a company blog Saturday, Coinbase UK CEO Zeeshan Feroz said the exchange is one of the very first firms to receive the license from the central bank, following a Dublin office opening a year ago. The license will
Three months ago, Facebook (NASDAQ:FB) disclosed plans to roll out a cryptocurrency in the summer of 2020. Such news has made several headlines, with the latest being negative, as PayPal (NASDAQ:PYPL) might pull out of Facebook’s project. Even worse for the technology behemoth is that Apple (NASDAQ:AAPL), another tech giant, has expressed zero desire in following
Stocks have had some violent swings in both directions this year, but they keep coming back to the same place —and that may be setting up for longer term gains. At roughly 2,935-2,940, the S&P 500 is revisiting a chart point it’s been at a number of times this year, and also going back to
FOXBOROUGH, MASSACHUSETTS – OCTOBER 10: Tom Brady #12 of the New England Patriots hands the ball off to Sony Michel #26 against the New York Giants during the first quarter in the game at Gillette Stadium on October 10, 2019 in Foxborough, Getty Images Tom Brady, quarterback of the New England Patriots, is killing it
US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He Special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the
Shutterstock Preferred securities took a beating in the 2008-2009 Great Recession. Once-bitten, twice-shy income investors may begin to shun the asset class once they conclude that the next economic contraction is imminent. History suggests that those who do so could be making a costly error. In the table below, the shaded segment furthest to the
The rampant muni issuance continues even in a holiday-shortened week, as the primary market is expected to see $12.4 billion of issuance, with the calendar made up of mostly taxable deals. Meanwhile, the backdrop for the end of a volatile week on Friday had the secondary getting whacked, with AAA benchmarks showing cuts of up
The South Korean arm of cryptocurrency exchange OKEX has halted, for now at least, the delisting of two privacy coins due to regulatory pressure from the Financial Action Task Force (FATF). According to a notice from the exchange on Thursday, the planned suspension of both zcash (ZEC) and dash (DASH) support has been put under
If you want a genuine cryptocurrency experience, don’t look to Facebook. The social media giant has lately made headlines around the world for introducing its Libra cryptocurrency and related nonprofit Libra Association. The popular understanding is that Libra is Facebook’s response to Bitcoin, Ether, and other popular crypto coins—it’s a new way to transmit value
The third-quarter earnings season kicks off in the coming week, and it is likely to expose how much the trade war has cost companies’ bottom lines. First out of the gate are major banks and financial companies, with J.P. Morgan, Citigroup, Wells Fargo, BlackRock and Goldman Sachs reporting Tuesday. But by the end of the
Michael and Xochi Birch listed their home at 2799 Broadway. Daniel Lunghi for Sotheby’s International Realty Computer programming moguls Michael and Xochi Birch are selling their Pacific Heights estate for $39 million. The listing threatens the title of most expensive home ever sold in San Francisco, which has been held by 2712 Broadway in the
Rendering of proposed Google headquarters Source: Google A new proposal shows Google is expanding the scope of its massive planned headquarters in San Jose, California. The company has formally applied for plans to build an 80-acre project that consists of up to 7.3 million square feet of office space, higher than the previous 6.5 million
The state of Michigan has pulled $600 million of its pension fund from wealth management company Fisher Investments after the company’s founder and CEO Ken Fisher made sexist comments at a summit in San Francisco this week. At the Tiburon conference, Fisher compared his wealth management strategy to picking up women for sex, made explicit
Bitcoin is facing further losses after the bulls failed to capitalize on price gains seen this week. The cryptocurrency’s quick pullback from a 2.5-week high of $8,830 to below $8,400 this morning has invalidated a bullish breakout on the 4-hour chart seen Wednesday, as seen below. 4-hour chart The failure to hold above the 200-day moving
St. Louis-based Ascension Health Alliance will use a mix of taxable and tax-exempt paper when it prices up to $856 million of refunding debt Tuesday and Wednesday. Morgan Stanley is running the books and will begin taking orders on Tuesday with the final pricing on Wednesday on up to $708.8 million of taxable debt and
When it comes to trading there are several steps you can take in order to reduce your exposure to the market extremes of price volatility. A combination of both technical and fundamental analysis can be used to determine the true worth of a company or asset, securing a greater chance of success with a particular investment
Facebook CEO Mark Zuckerberg will defend the proposed Libra cryptocurrency in a testimony before the House Financial Services Committee on October 23. The highly scrutinized proposed cryptocurrency, which is being led by Facebook (NASDAQ:FB), has come under fire from regulators on both sides of the Atlantic due to its potential threat to monetary sovereignty. Now,
A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, U.S., September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading: United Technologies, Raytheon — Shares of United Technologies rose 1.7%, while
Share to facebook Share to twitter Share to linkedin The shopping center is a statistic in a struggling industry. ASSOCIATED PRESS Topline: A Georgia shopping center, better known as Starcourt Mall from season three of Netflix’s Stranger Things, is up for sale after sitting mostly empty during an overall tough time for retailers. Gwinnett Place’s
Pedestrians pass in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The Great Recession has officially been over for a decade. For many Americans, there’s little reason to celebrate. Many people’s finances haven’t recovered from the recession’s blows, according to a survey by personal finance website Bankrate.com. “There are
President Donald Trump speaks after announcing and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the White House in Washington, DC on October 11, 2019. Nicholas Kamm | AFP | Getty Images After a partial trade deal, what’s
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