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  • 21 May 2019 15:50 | Anonymous

    Adam Neumann runs one of the few startups on Earth for which $2 billion of fresh funding was, or ever could be, terrible news. Just before last Christmas, Masayoshi Son, Neumann’s most important investor, called to say that was his final offer and that their negotiations over an additional $16 billion for Neumann’s WeWork were over. Shares of Son’s SoftBank Group Corp. stock had dropped sharply a few days earlier along with the rest of the stock market, and Son had decided the $8.5 billion he’d already invested wasn’t worth more than doubling, even to take a majority stake. With a cash infusion almost an order of magnitude less than it had expected, WeWork Cos. would have to figure out on its own how to stop losing $1.9 billion a year.

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  • 17 May 2019 13:49 | Anonymous

    In what seems like an scene from Groundhog Day, Facebook executives are once again on the apology-and-promises tour about the company's lax attitude towards privacy and security.

    On Friday, Facebook COO Sheryl Sandberg appeared on CNBC interviewed by Julia Boorstin and was asked about calls to break up the company, sparked by Facebook co-founder Chris Hughes last week. This comes after the revelation that a vulnerability in WhatsApp allowed some users' phones to be infected by a sophisticated snooping tool that's been used to target political dissidents.

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  • 16 May 2019 12:36 | Anonymous

    The race to lead the Bank of England could turn on who heads the government by the time the decision is made in October.

    Much has been made of Chancellor the Exchequer Philip Hammond’s comments that he seeking a governor with international stature, prompting a flurry of speculation around former Reserve Bank of India chief Raghuram Rajan. Still, the precarious state of British politics means that the U.K could have a new prime minister any day now.

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  • 16 May 2019 12:34 | Anonymous

    Beijing’s main defense against trade-war fallout this year is more likely to come from the finance ministry than the central bank, no matter what President Donald Trump says.

    If tariffs begin to really hurt China’s growth this year, there’s plenty of direct fiscal firepower left to stoke the economy before the People’s Bank of China would have to cut interest rates, according to an analysis of government spending by Bloomberg. Data released Wednesday showed an across-the-board slowdown in April.

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  • 08 May 2019 08:40 | Anonymous

    Add London schools to the sectors vulnerable to a Brexit migration clampdown.

    Figures published Wednesday show that almost 16 percent of staff at state-funded nursery, primary and secondary schools in the British capital are nationals of other countries, nearly triple the average for England as a whole.

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  • 08 May 2019 08:38 | Anonymous

    Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.

    President Donald Trump’s latest trade gamble has set the stage for a tense round of negotiations this week between the U.S. and China that will have markets on edge.

    Data released in Beijing Wednesday underscored what’s at stake: An unexpected fall in China’s exports and an equally unforeseen rise in imports show that the world’s second-largest economy continues a tentative recovery even as global demand weakens.

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  • 03 May 2019 09:45 | Anonymous

    Tesla Inc. raised $2.35 billion through debt and stock offerings that expanded from the company’s initial plans, helping to put some near-term liquidity fears to rest.

    The electric-car maker raised $750 million selling common stock and $1.6 billion from convertible bonds, up from originally offering $650 million and $1.35 billion. The capital raise sparked a relief rally in both Tesla’s stock and bonds, which had reflected investor worry over whether the company can be sustainably profitable.

    “The raise should refute lingering concerns about TSLA’s ability to access capital markets,” Ben Kallo, a Robert W. Baird & Co. analyst who rates Tesla the equivalent of buy, said in a note Friday. “Surplus cash should help alleviate investor concerns around liquidity.”

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  • 02 May 2019 15:53 | Anonymous

    Bombardier Inc. backed away from its 2020 forecast a week after cutting its 2019 outlook, and said it would sell a Northern Ireland wing factory as the company extends a revamp to focus primarily on making luxury jets and trains.

    The manufacturer is unable to reaffirm its financial targets for next year, and Chief Financial Officer John Di Bert said he couldn’t provide any additional “precision.” Bombardier also announced Thursday the formation of a new aerospace division that will oversee private aircraft and CRJ regional jets.

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  • 02 May 2019 15:51 | Anonymous

    Recent rule changes by Canadian policy makers, including tightened mortgage lending, appear to be bringing the country’s real estate market more into balance.

    The federal housing agency lowered its assessment of the overall vulnerabilities in the national market to “moderate,” from “high,” according to a report Thursday from Ottawa. Canada Mortgage and Housing Corp.cited evidence of easing price acceleration for the country as a whole, with prices in Toronto and Vancouver moving closer to levels supported by fundamentals.

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  • 28 Apr 2019 15:54 | Anonymous

    U.S. economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected.

    Gross domestic product expanded at a 3.2 percent annualized rate in the January-March period, according to Commerce Department data Friday that topped all forecasts in a Bloomberg survey calling for 2.3 percent growth. That followed a 2.2 percent advance in the prior three months.

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