WeWork’s IPO Filing Reveals Revenue Growth and Cash BurnWeWork Cos. disclosed its plans for an initial public offering, revealing a net loss of $690 million in the first six months of this year as it moves toward a fall listing that will test investors’ appetite for money-losing startups. Revenue in the first-half more than doubled to $1.54 billion, the U.S. Securities and Exchange […]
Cathay Pacific Share Price Plunges Amid China's Probe into Hong Kong Protest TiesThe carrier's stock fell to its lowest level in the decade.
Bayer Wants to Settle All Roundup-Related Cancer Claims for $8 BillionThe German company, which inherited Roundup from Monsanto, is facing 18,000 U.S. lawsuits over the weedkiller.
Adidas Boss Warns Currency War Will Hurt More Than Tariffs"There is no winner in a currency war," said CEO Kasper Rorsted.
Billionaire SoulCycle, Equinox Investor Defends Trump Fundraiser Amid BacklashStephen Ross's $250,000-per-person lunch for the president has stoked calls for a boycott of his business interests.
The Trade War Is Nudging the World Economy Toward a RecessionThe escalating trade war between the U.S. and China is nudging the world economy toward its first recession in a decade with investors demanding politicians and central bankers act fast to change course. In the U.S. alone, the recession risk is “much higher than it needs to be and much higher than it was two […]
Hong Kong Stocks Are Having Their Worst Streak Since 1984Hong Kong stock investors headed for the exit as economic woes, street protests and China’s weak yuan intensified worries over potential outflows from the city. The MSCI Hong Kong Index closed 0.6% lower, its 10th straight decline a day after a general strike led to traffic chaos, violence, tear gas and flight cancellations in the city. […]
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