Posts Tagged by Stocks
I got the Chase Freedom for the intro APR offer, but I’m still using the card two years later thanks to its cash-back rewards and purchase protection
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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I originally signed up for the no-annual-fee Chase Freedom to take advantage of its introductory APR offer and sign-up bonus ahead of a cross-country move. These offers were helpful, and I was able to pay my balance off without interest. I didn’t think I’d continue […]
WeWork’s co-CEOs will walk away with millions in severance payments if SoftBank replaces them
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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According to a Bloomberg report on Wednesday, WeWork’s recently named co-CEOs Artie Minson and Sebastian Gunningham will each receive a multi-million-dollar exit package if they are removed as part of SoftBank’s negotiations to save the struggling coworking startup. The Japanese bank announced on Tuesday it […]
11 mind-blowing facts that show just how wealthy Jeff Bezos, the world’s richest man, really is
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Jeff Bezos is the richest person in the world. The Amazon CEO is worth an estimated $110 billion, according to the Bloomberg Billionaires Index. That makes him 20% richer than the British monarchy. Bezos’ net worth is greater than the GDP of Iceland, Afghanistan, and […]
Flying motorbikes and super-fast 5G on show at Dubai’s tech forum
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Flying motorbikes and super-fast 5G on show at Dubai’s tech forum read more >>> Source:: EuroNews.Com
Billionaire Leon Cooperman says Elizabeth Warren is ‘s—ing’ on the American Dream
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Hedge fund billionaire Leon Cooperman told Politico that Elizabeth Warren is “s—ing” on the American dream with her wealth tax proposal targeting the ultra-rich. “What is wrong with billionaires? You can become a billionaire by developing products and services that people will pay for,” Cooperman […]
In Mexico, avocado industry brings both riches and violence
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Small-scale avocado growers armed with AR-15 rifles take turns manning a vigilante checkpoint to guard against thieves and drug cartel extortionists in this town Michoacan state, the heartland of world production of the fruit locals call “green gold.” read more >>> Source:: CTVNews.Ca
Sources: WeWork would have run out of money by next Friday without SoftBank deal
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Without the SoftBank bailout deal, reeling space-sharing company WeWork would have been out of money by next Friday, sources tell CNBC’s David Faber. read more >>> Source:: CNBC.Com
Statistics Canada reports wholesale sales fell 1.2 per cent in August
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Statistics Canada says wholesale sales fell 1.2 per cent to $64.3 billion in August. read more >>> Source:: CTVNews.Ca
Mastercard and Revolut’s partnership paves the way for a US launch
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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This story was delivered to Business Insider Intelligence Fintech Pro subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they’re published on Business Insider, click here. Revolut will begin rolling out services in the US by the […]
Without deal, WeWork would have been out of money next Friday, sources say
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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WeWork announced Tuesday that SoftBank will provide $5 billion in new financing and up to $3 billion in a tender offer for existing shareholders. read more >>> Source:: CNBC.Com
Boeing costs for 737 Max jump, profit falls short in 3Q
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Boeing is reporting a big profit shortfall for the third quarter after costs related to the troubled 737 Max rose by US$900 million. read more >>> Source:: CTVNews.Ca
Adam Neumann is no longer chairman of WeWork’s board of directors — here’s who is still leading the office-sharing company
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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SoftBank is taking control of WeWork, the company announced on Tuesday evening. As part of the deal, Marcelo claure, SoftBank’s chief operating officer, will replace former CEO Adam Neumann as chairman. WeWork previously delayed the timeline for its initial-public-offering plan amid a wave of criticism […]
Weekly mortgage applications tank 12% as interest rates jump
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Last week’s climb in interest rates caused a drop in mortgage applications by 11.9%, according to the Mortgage Bankers Association. read more >>> Source:: CNBC.Com
Global stocks are dropping on fears of weak US earnings, another Brexit delay, and further Hong Kong disruption
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Global stocks dropped on Wednesday as traders reacted to a weaker outlook for Texas Instruments, the prospect of another delay to Brexit, and reports of a potential change of leadership in Hong Kong. The microchip maker projected a revenue decline of 10% to 17% this […]
Boeing faces a 737 Max judgment day as it reports financial results less than 24 hours after ousting one of its most senior bosses
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Boeing’s third-quarter results, due Wednesday morning, will prove one of its biggest tests since two 737 Max planes crashed, killing 346 people, grounding the aircraft around the world and leaving Boeing fighting a reputational crisis. The results come the day after a senior executive was […]
Nike CEO Mark Parker to step down in January
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Nike said Tuesday that its longtime CEO Mark Parker is stepping down early next year. read more >>> Source:: CTVNews.Ca
Hong Kong’s leaders need to do ‘something radical’: Economist
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Beijing will embrace “symbolic change” in Hong Kong, but that won’t help much, says Andy Xie, an independent economist. He also says Hong Kong authorities need to adopt a more progressive tax structure, including changes to taxes for property and high-income individuals. read more >>> […]
For toymaker Hasbro, trade wars are no fun
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Shares of Hasbro plunged Tuesday after the company revealed that the trade war is wreaking havoc on its supply chain and creating confusion among customers for its toys. read more >>> Source:: CTVNews.Ca
Facebook Pledges $1 Billion Toward Affordable Housing
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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It’s the latest company to pledge money to ease a housing crisis that big tech has long been blamed for. read more >>> Source:: Realtor.org
Asian stocks follow Wall Street lower after mixed earnings
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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Asian stock markets followed Wall Street lower Wednesday after major companies reported mixed earnings and an EU leader said he would recommend the trade bloc allow Britain to delay its departure. read more >>> Source:: CTVNews.Ca
SoftBank likely had the Vision Fund on its mind when it decided to rescue WeWork
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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In deciding to rescue WeWork, SoftBank likely was motivated by more than just the coworking company’s potential, business experts told Business Insider. The Japanese conglomerate was almost certainly also trying to defend its $100 billion Vision Fund — and better its chances to attract investors […]
The amazing life of self-made tech mogul Marcelo Claure, Softbank’s secret weapon tasked with fixing WeWork
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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As part of Softbank’s takeover deal with WeWork, Softbank is cleaning house. Ousted CEO Adam Neumann is being offered a lucrative pay package that will also see him resign from his chairman role and sever most of his ties. The two co-CEOs who replaced him […]
The CEO of Box just roasted former WeWork CEO Adam Neumann’s $1.7 billion payout (BOX)
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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SoftBank will reportedly give former WeWork CEO Adam Neumann $1.7 billion as part of a bailout plan for the office rental startup, according to The Wall Street Journal. The report of Neumann’s windfall drew a strong reaction from current and former WeWork employees as well […]
I insisted on doing my own taxes for years — until a CPA saved me $4,700
| 10/23/2019 | Posted by BusinessMediaguide.Com under General World News |
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For years I did my own federal and state taxes using TurboTax — but that’s changing for Tax Day 2020. Last year, I was hit with a much higher tax bill, but figured it was because my income had increased. When I spoke to a […]
United Auto Workers Member Struck By Car And Killed On GM Picket Line
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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“Roy A. McCombs tragically lost his life today on a picket line standing up for a better life for himself and his coworkers,” the union said. read more >>> Source:: HuffingtonPost.Com
At $18,000 the all-new Nissan Versa SV is basic transportation. But when I checked it out, I found that it’s a bit more.
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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Nissan has revamped the Versa for the 2020 model year. I enjoyed a short drive around NYC in a Nissan Versa SV, priced at about $18,000. The Versa SV comes with a peppy yet fuel-sipping 1.6-liter four-cylinder engine that makes 122 horsepower. The subcompact sedan […]
Boeing replaces executive who oversaw 737 Max, other planes
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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Boeing is replacing the head of its commercial-airplanes division as it struggles with a crisis created by two deadly crashes of its newest airliner. read more >>> Source:: CTVNews.Ca
Tech and finance experts are shocked by SoftBank’s ‘stone cold crazy’ $1.7 billion golden parachute for ousted WeWork CEO Adam Neumann
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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The news that SoftBank will give Adam Neumann close to $1.7 billion as part of a package to leave WeWork‘s board and give up his voting power sent reverberations through the world of tech and finance Tuesday morning. Experts largely agree that SoftBank made the […]
Here’s what SoftBank’s long-term WeWork strategy may be
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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WeWork CEO and founder Adam Neumann is leaving the company, but doing so with $1.7 billion from WeWork. Peter Eavis from The New York Times and CNBC’s Robert Frank discuss the eyebrow-raising exit package. read more >>> Source:: CNBC.Com
Oilpatch market reaction muted after election of minority Liberal government
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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Investors in the oil and gas sector were shrugging off the federal election results despite predictions that a Liberal minority propped up by the NDP and Greens would result in policies that hurt the industry. read more >>> Source:: CTVNews.Ca
My husband and I paid off $10,000 of credit card debt in 3 months by making 2 changes to our lifestyle
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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My husband and I accumulated $30,000 in credit card debt over three years. The interest made it difficult to make a dent in the principal — even though we were handing over more than $1,000 a month in credit card payments — so we decided […]
Trudeau election win boosts SNC-Lavalin shares amid hopes around criminal case
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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SNC-Lavalin Group Inc. shares shot up Tuesday after the Liberal election win left open the possibility of a plea deal on fraud and corruption charges facing the engineering firm. read more >>> Source:: CTVNews.Ca
Facebook slides after state-led antitrust probe ramps up to include 47 attorneys general (FB)
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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Shares of Facebook traded as much as 4.4% lower on Tuesday as an antitrust probe led by New York Attorney General Letitia James expanded to include 47 state attorneys general. The investigation is expected to focus on how Facebook has handled consumer data and whether […]
Husky Energy layoffs underway in downtown Calgary
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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Dozens of Husky Energy workers streamed out of the company’s downtown Calgary location Tuesday morning carrying envelopes and paperwork signalling they’ve been laid off. read more >>> Source:: CTVNews.Ca
Home prices are overheating again, causing buyers to turn away
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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September sales of existing homes fell short of expectations. The downturn followed two months of gains. The problem is low supply and high prices. read more >>> Source:: CNBC.Com
McDonald’s slides as weak US growth leads to earnings miss (MCD)
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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Shares of McDonald’s dipped as much as 4% on Tuesday after the the fast-food chain reported third-quarter sales and profit that fell below Wall Street estimates. The company posted $1.61 billion in profit for the quarter, falling below analysts forecasts of $1.69 billion as sales […]
Bank of Canada business outlook survey suggests uptick in business sentiment
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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A new survey by the Bank of Canada suggested that business sentiment in the country has edged higher, but differences between the Prairies, hard hit by the turmoil in the energy sector, and Central Canada have grown more pronounced. read more >>> Source:: CTVNews.Ca
The career rise and fall of Adam Neumann, the controversial WeWork cofounder who is reportedly getting $1.7 billion to step down from the company’s board
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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WeWork, now called The We Company, publicly filed to go public in August, but has since shelved its IPO after investors flagged concerns over its business and cofounder Adam Neumann. Neumann has been at the helm of the company since it launched in 2010, but […]
Ernst & Young Admits Women’s Training Included ‘Offensive Content’
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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After HuffPost reported on a sexist seminar, EY said it would no longer offer the program. read more >>> Source:: HuffingtonPost.Com
SoftBank is taking control of WeWork: report
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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The Wall Street Journal is reporting that WeWork is being taken over by the Japanese tech conglomerate that invested billions in the company before its botched effort to go public. read more >>> Source:: CTVNews.Ca
Most stunning part of Softbank’s WeWork deal is Neumann’s payout: WSJ reporter
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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Former WeWork CEO Adam Neumann will reportedly get $1.7 billion in stock, cash and credit to walk away from the company and give up his voting rights. Maureen Farrell, a reporter with the Wall Street Journal, joins CNBC’s “Squawk Box” team to break down the […]
Hasbro tanks as trade-war tariffs and a pending acquisition bite into toy profits (HAS)
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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Hasbro on Tuesday reported weaker-than-expected earnings and revenue for the third quarter, prompting shares to tumble as much as 11% in early trading. Profits saw increased pressure from US-China tariffs and the pending acquisition of media company Entertainment One. The company anticipates continued “disruption” in […]
U.K. lifts ban on Egypt resort flights, 4 years after bombing
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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U.K. airlines can resume flights to the Egyptian resort of Sharm el-Sheikh, suspended after an Islamic State bombing brought down a Russian passenger plane over Sinai four years ago, killing all 224 people on board, the British government said Tuesday. read more >>> Source:: CTVNews.Ca
Report: Softbank to take control of WeWork, Neumann to get $185 million consulting fee
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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Former WeWork CEO Adam Neumann will reportedly get $1.7 million in stock, cash and credit to walk away from the company and give up his voting rights. read more >>> Source:: CNBC.Com
Nearly 60% of the world’s banks are likely to struggle in an economic downturn, McKinsey says
| 10/22/2019 | Posted by BusinessMediaguide.Com under General World News |
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Nearly 60% of the world’s banks are likely to struggle during an economic downturn. The banks’ returns on equity are too low relative to their costs, McKinsey & Company said in a new report. The consultancy urged banks to invest in technology and pursue mergers […]
