Business News
SoftBank announces it will own 80% of WeWork and provide billions to keep it operating
USA Today - 23 Oct 2019 04:59Oil slips after U.S. inventory build, but possible OPEC cuts support market
Reuters - 23 Oct 2019 03:34
Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices.
Capitol Report: President Trump could shoot someone, and he wouldn't go to jail, lawyer says
Market Watch - 23 Oct 2019 21:09
President Trump famously said during the 2016 campaign that he could shoot somebody in the middle of 5th Avenue, New York, and he wouldn't lose any voters. Apparently, if his lawyer is to be believed, he wouldn't go to j...
WeWork can no longer afford to move in to former Lord & Taylor building
New York Post - 23 Oct 2019 03:59
WeWork paid so much for the former Lord & Taylor building off Bryant Park, it can no longer afford to move in, The Post has learned. Officials within WeWork's real estate leasing business have told employees in recent da...
Nike, ServiceNow and SAP CEOs play a game of musical chairs
Market Watch - 23 Oct 2019 01:07
When the music stopped Tuesday afternoon, the CEOs of three large public companies were sitting in new seats.
OctoML raises $3.9 million for deep learning model optimization
Venture Beat - 23 Oct 2019 17:00
OctoML uses the Apache TVM software stack to automate optimization of machine learning models. The funding will be used to launch a SaaS service.
What To Do If You Live In A Haunted House
Forbes - 23 Oct 2019 19:14
While going to a haunted house sounds like an exciting night out, living in a haunted house can be far less fun.
Auto Sector's Struggles Threaten Global Growth
Wall Street Journal - 23 Oct 2019 13:30Asia shares slip on Brexit snag, Texas Instruments' revenue woes
Reuters - 23 Oct 2019 04:59
U.S. stock futures and Asian shares slipped on Wednesday as revenue warnings from Texas Instruments raised worries about the global tech sector and after British lawmakers forced the government to hit the pause button on...
Beauty Stocks Face Slowing Cosmetics Demand
Wall Street Journal - 23 Oct 2019 22:26
Some investors in beauty stocks fear the near-term outlook for makeup has dulled.
Poets and Quants (and Maybe Crooks)
Wall Street Journal - 23 Oct 2019 20:14
An alleged insider trader showed off her artistic and quantitative side.
Google Sweetens Search-Engine Remedy After EU Pressure
Wall Street Journal - 23 Oct 2019 19:47Amazon Sells Clothes From Factories Other Retailers Blacklist
Wall Street Journal - 23 Oct 2019 19:25Best Buy is offering free next-day delivery for the holidays as the battle for fast shipping heats up
Business Insider - 23 Oct 2019 17:05
AP/Sue Ogrocki Best Buy is offering free next-day delivery on thousands of products in time for the holidays, the company announced on Tuesday. The electronics retailer is following the lead of other companies like Amazo...
Bitcoin falls to its lowest level since June as Zuckerberg testifies on Libra
Business Insider - 23 Oct 2019 17:02
Reuters Bitcoin slumped as much as 9% on Wednesday — hitting its lowest level since June — ahead of Facebook CEO Mark Zuckerberg's testimonial on the company's proposed cryptocurrency, Libra. Zuckerberg is due to ans...
Spirit Airlines close to agreeing major Airbus order: sources
Reuters - 23 Oct 2019 17:01
U.S. budget carrier Spirit Airlines is close to agreeing a provisional deal to order as many as 100 single-aisle aircraft worth up to $12 billion at recent catalogue prices from Airbus , industry sources said.
Boeing profit slumps 53% as MAX crisis deepens
Reuters - 23 Oct 2019 17:00
Boeing Co cut production of its flagship Dreamliner and delayed the arrival of a successor to its 777 mini-jumbo, piling new pressures on a rejigged senior management team on Wednesday as the continued safety grounding o...
Kylian Mbappe broke a Lionel Messi record when he came off the bench to score 3 goals in PSG's 5-0 romp over Club Brugge
Business Insider - 23 Oct 2019 00:27
Getty/Catherine Steenkeste Kylian Mbappe just became the youngest-ever player to score 15 Champions League goals. Mbappe came off the bench to score a hat-trick in Paris Saint Germain's 5-0 win over Club Brugge on Tuesda...
Argentina Can Thrive If Macri Becomes The Leader Of A Rational Opposition To Alberto Fernández
Forbes - 23 Oct 2019 17:09
There are good reasons for Alberto Fernandez to succeed on the economic front, but he needs Macri and the opposition on his side.
Sources: WeWork would have run out of money by next Friday without SoftBank deal
CNBC - 23 Oct 2019 15:39
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.
Trade tensions weigh on Texas Instruments revenue forecast
CNBC - 23 Oct 2019 10:41
Texas Instruments Inc forecast current-quarter revenue well below estimates on Tuesday.
White House Attacks ‘Radical Unelected Bureaucrats’ After Explosive Taylor Testimony
TPM - 23 Oct 2019 01:01
The White House attacked acting ambassador to Ukraine Bill Taylor on Tuesday after he gave a shocking testimony detailing President...