Finance
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Some of WeWork’s outsourced cleaners just lost their jobs — even as the coworking giant keeps offices open and charges members for space they can’t use
WeWork cleaning staff were laid off on Friday by JLL, the publicly traded real estate company to which the coworking giant outsourced...
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Albourne Village — a quirky online hedge fund community — is getting ready for a revamp. We took a look at the 20-year history of a site that lists billionaire Founding Fathers and uses apples for currency.
Albourne Partners created Albourne Village, a quirky online community for the hedge fund industry, nearly 20 years ago when the internet was...
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With investments suddenly ailing, private equity has a new playbook: cash forecasts, real-time analytics, and a surge in capital calls
Two of private equity’s top advisors — Bain & Co and McKinsey & Co — laid out the state of PE investing...
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399Warren Buffett’s financial crisis bailouts inspired the US government’s ‘big 4’ airline rescue deals, Sen. Jack Reed says
AP Photo/Nati Harnik Warren Buffett’s financial-crisis bailouts inspired a key element of the US government’s rescue deals with the “big four” airlines...
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After one month of coronavirus lockdown, more than 50% of Los Angeles is now unemployed
More than half of Los Angeles workers are now unemployed, according to a national survey. Research from the USC Downside Center for...
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407‘They’re not calling Warren’: Berkshire Hathaway’s Charlie Munger says ‘frozen’ bosses aren’t seeking Buffett bailouts
REUTERS/Rick Wilking Warren Buffett’s Berkshire Hathaway spent billions on corporate bailouts during the financial crisis, but it isn’t fielding many calls for...
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Tech CEOs say they plan to scale back on real estate for offices now that they know everyone can work from home, and it’s not good news for WeWork
Office workers have been working at home en masse across the world for about a month and have been successfully maintaining their...
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387Oil has plunged 20% in the week since OPEC’s historic production cut as traders remain unconvinced it can offset a coronavirus-led demand crunch
REUTERS/Jim Urquhart Oil prices are seeing further downward momentum as gloomy demand outlooks continue amid economic pain caused by the coronavirus pandemic....
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AQR’s former machine-learning head says it’s time for quants to ‘pay less attention to crystal balls’ and react to real-time data
Big-name quants were slammed in March, as their models struggled to keep up with the coronavirus-induced sell-off. AQR’s former head of machine-learning,...
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Virtual tours are being hyped as a way for commercial real estate giants like CBRE and JLL to keep deals flowing. Here’s a look at how they work — and what factors they can’t replace.
Coronavirus has put the spotlight on virtual adaptations to social distancing, with everything from nightclubs to classrooms to residential real estate tours...