Finance
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Flying unicorns could save SoftBank from the ‘Valley of Coronavirus,’ according to the quirky slides from its earnings call — take a look
In a presentation on Monday, SoftBank CEO Masayoshi Son discussed the impact of the coronavirus on the company’s investments. Using ominous backgrounds...
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Knotel and insurance startup Rhino didn’t disclose its CEOs were brothers when it struck a complex financial deal. Now a key partner could be on the hook as Knotel scrambles to pay bills, slashes staff, and plans to shed portions of its portfolio.
Flex-workspace firm Knotel sourced surety bonds from startup Rhino that cover the hefty security deposits due for two of its office leases...
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461Moderna will spike another 25% from current levels after encouraging progress on coronavirus vaccine, Goldman says
Moderna Goldman Sachs lifted its price target for Moderna stock to $105 from $63 on Monday after first trials for its coronavirus...
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POWER BROKERS OF DISTRESSED CREDIT: Meet 11 Wall Street stars trading busted bonds, bankruptcy claims, and other fire-sale securities
Distressed-credit trading at Wall Street banks has been a small, quiet corner of the market over the past decade. But everything’s changed...
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Fed Chairman Jerome Powell warns that economic downturn could last until late 2021
US Federal Reserve Chairman Jerome Powell said that economic downturn from the novel coronavirus pandemic may last until late 2021. In an...
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Some Big Law summer associates are getting paid $3,600 a week to do nothing as the coronavirus slashes programs from 10 weeks to 2
Law firms normally have hands-on summer programs for law students, mostly after their second year in law school, that lets them bond...
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436Sorrento Therapeutics skyrockets 244% after claiming a breakthrough on a COVID-19 antibody (SRNE)
Reuters Shares of Sorrento Therapeutics spiked as much as 244% on Friday after the company claimed an antibody it’s developing showed 100%...
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THE DEATH OF CAMPUS LIFE: The finances of America’s universities have long been a time bomb — and if schools can’t prove the real worth of their hefty price tags, they might just implode
US colleges and universities are suffering across the board. Enrollment is down, government funding is limited, and students newly sent into virtual...
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Bill Ackman turned a $27 million bet into $2.6 billion in a genius investment. Here are 12 of the best trades of all time.
Manuel Balce Ceneta/AP The hedge fund billionaire Bill Ackman is among few who minted a multibillion-dollar profit during the throes of the...
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The coronavirus is the latest setback for WeWork. Here’s what it means for the coworking giant’s staff, landlords, and investors.
Have a WeWork tip? Contact reporter Meghan Morris via encrypted messaging app Signal at +1 (646) 768-1627 using a non-work phone, email...