WeWork Tumbles After Raising ‘Substantial Doubt’ About Future
WeWork Inc. shares plummeted more than 25% in extended trading after saying there’s “substantial doubt” about its ability
1970-01-01 08:00
Amazon In Talks to Be Anchor Investor in Arm IPO, Reuters Says
Amazon.com Inc. is in talks to join other tech companies as an anchor investor in Arm Ltd.’s initial
1970-01-01 08:00
New Zealand Expands Marine Protection in Auckland’s Hauraki Gulf
New Zealand will triple marine protection in the Hauraki Gulf, restricting fishing in almost a fifth of the
1970-01-01 08:00
Hedge Fund Shorts Nio and Honda, Favors Hyundai in Asia EV Race
An Asian hedge fund is shorting some Chinese and Japanese automaker stocks on bets they will lose out
1970-01-01 08:00
WeWork says it has 'substantial doubt' about its ability to stay in business
"Substantial doubt exists" about WeWork's ability to continue to stay in business, due to the company's losses, projected cash needs, and increased member turnover, according to the company's second quarter earnings release.
1970-01-01 08:00
Commonwealth Bank of Australia Cautions on Economy Even as Profit Climbs
Commonwealth Bank of Australia’s profit climbed as higher interest rates and a buoyant housing market supported results at
1970-01-01 08:00
Instant Pot Maker Gets $30 Million of Fresh Bankruptcy Financing
Instant Brands, maker of the Instant Pot pressure cooker and Pyrex glassware, received court approval on Tuesday to
1970-01-01 08:00
US Set to Limit Scope of China Investment Ban With Revenue Rule
A US plan to restrict investment in China is likely to apply only to Chinese companies that get
1970-01-01 08:00
Banks Face Stepped-Up Scrutiny From Fed Over Crypto Activities
The Federal Reserve said it is stepping up scrutiny of lenders’ involvement in digital assets, the latest move
1970-01-01 08:00
Lyft Shares Slide After Posting Slowest Growth Since Pandemic
Lyft Inc. shares fell after the company reported its slowest revenue growth in two years, overshadowing a better-than-expected
1970-01-01 08:00
Bitcoin Miner Marathon’s Quarterly Loss Narrows, Revenue Jumps
Marathon Digital Holdings Inc.’s second-quarter loss narrowed and revenue jumped as the Bitcoin miner increased sales of the
1970-01-01 08:00
ESPN Is Getting Into Sports Betting With Penn Entertainment
Walt Disney Co.’s ESPN has signed a long-term exclusive partnership for sports betting with Penn Entertainment Inc., a
1970-01-01 08:00