Finance
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SoftBank’s brutal treatment of WeWork founder Adam Neumann shows that it has given up any hope for Silicon Valley and it’s leaving a scorched landscape in its wake
Business Insider A lawsuit filed by former WeWork CEO Adam Neumann this week contains allegations unlikely to help the tech giant’s already...
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378Dow gains 300 points as oil rallies and earnings overshadow dismal jobless-claim data
REUTERS/Lucas Jackson US equities climbed on Thursday after positive earnings reports and a rally in oil offset gloomy jobless claims data. Bristol-Myers...
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350Lyft surges 17% after posting a narrower-than-expected quarterly loss as coronavirus hit the ride-hailing industry (LYFT)
Reuters Lyft reported first-quarter earnings results on Wednesday that exceeded Wall Street’s expectations. Shares surged as much as 17% at the start...
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416Warren Buffett is too ‘pessimistic’ about airlines’ coronavirus recovery, Southwest’s CEO says
Chip Somodevilla / Getty Warren Buffett is too negative about the airline industry’s post-coronavirus outlook, Southwest Airlines CEO Gary Kelly told CNN...
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Coding bootcamp Flatiron School also hit by WeWork cuts
Flatiron School has cut employees, part of broader layoffs at parent company WeWork. The coding bootcamp also paused enrollment in multiple programs. ...
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Meet the 4 dealmakers driving Blackstone’s $325 billion commercial real estate portfolio. They walked us through career-defining deals, and how they’re thinking about opportunities in the downturn.
Alan Miyasaki, senior managing director in the real estate group and the head of real estate Asia acquisition Alan Miyasaki, senior managing...
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Goldman Sachs just hired distressed veteran Kurt Hoffman into a trading unit known for doing some of the bank’s most lucrative deals
Goldman Sachs has hired Kurt Hoffman as a managing director in the Structured Finance Investing and Lending group, according to two people...
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448Wharton professor Jeremy Siegel explains why the bond market’s 40-year bull run is doomed
REUTERS/Steve Marcus The bond market’s four-decade bull run will be crushed under coronavirus stimulus and rising inflation, Wharton finance professor Jeremy Siegel...
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Friday’s jobs report will be ‘one of the worst ever,’ St. Louis Fed President Bullard says
“Jobs report will probably be one of the worst ever” on Friday, St. Louis Federal Reserve President James Bullard said during a...
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Airbnb expects revenues to be slashed by more than half this year, CEO says
Because of the COVID-19 crisis, Airbnb is now on track for revenues of less than half what it earned in 2019, CEO...