WeWork Valuation Crashes From $47 Billion To As Low As $10 Billion

WeWork Valuation Crashes From $47 Billion To As Low As $10 Billion

The We Company’s underwriters must be having serious trouble securing orders for WeWork’s planned IPO, because in what is at least the fourth reported downgrade to the company’s valuation in less than 10 days, Reuters reports that the company might try to...
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Bernie Madoff whistleblower says GE is a bigger fraud than Enron and WorldCom combined

Bernie Madoff whistleblower says GE is a bigger fraud than Enron and WorldCom combined

Harry Markopolos is famous for blowing the whistle on infamous Khazarian scammer Bernie Madoff’s Ponzi scheme, which blew up in 2008. Now the accounting investigator has his sights set on a new target: General Electric. He accuses the troubled company...
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US Treasury declares China ‘currency manipulator’

US Treasury declares China ‘currency manipulator’

US Treasury declares China ‘currency manipulator’ after Wall Street suffers worst trading session of 2019. Washington has escalated the trade war with Beijing by accusing China of being a currency manipulator, after a Wall Street stock wipeout by 767 point...
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Harley-Davidson second-quarter profit falls 20%

Harley-Davidson second-quarter profit falls 20%

H-D’s motorcycle revenue missed estimates $1.43 billion, versus $1.44 billion expected by analysts. The company reports $195.6 million in net income during the second quarter, versus $242.3 million a year earlier, a nearly 20% drop. H-D’s second-quarte...
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Now Even Junk Bonds Have Negative Yields

Now Even Junk Bonds Have Negative Yields

75 years ago this month, a group of 744 delegates from around the world gathered at the very posh Mount Washington Hotel in New Hampshire to build a brand new global financial system. The year was 1944. World War II...
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MoneyGram soars 168% from Ripple symbolic investment

MoneyGram soars 168% from Ripple symbolic investment

On Tuesday, money-transfer company MoneyGram saw its stock soar an eye-popping 168% after banking software company Ripple announced it will buy $30 million of MoneyGram shares at a huge premium of $4.10 per share, with the option to buy another...
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United Technologies, Raytheon Combine Into Aerospace, Defense Giant

United Technologies, Raytheon Combine Into Aerospace, Defense Giant

United Technologies and Raytheon agree to all-stock merger that would create aerospace behemoth. Raytheon and United Technologies on Sunday announced they would merge in an all-stock deal, a tie-up that would create a behemoth in the fast-growing defense and a...
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Trump as Stocks Analysts: “Stocks Would Be 10,000 Points Higher If Fed Kept Rates Lower”

Trump as Stocks Analysts: “Stocks Would Be 10,000 Points Higher If Fed Kept Rates Lower”

Barclays is currently forecasting three rate cuts before the end of the year. Now, strategists at the big banks are scrambling to adjust their forecasts fast enough: The team at the biggest American bank by assets in the US now...
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Uber, the Worst Performing IPO in U.S. Stock Market History

Uber, the Worst Performing IPO in U.S. Stock Market History

Rideshare Wall Street darling Uber raised close to $25 billion. When it loses big money – and it does every single quarter – it loses it at stratospheric burn rates. It finally debuted on the New York Stock Exchange (NYSE)...
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Chesapeake Energy Misses Earnings and Revenue Estimates

Chesapeake Energy Misses Earnings and Revenue Estimates

Chesapeake Energy (symbol: CHK) came out with quarterly earnings of $0.14 per share, missing the consensus estimate of $0.15 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items. This...
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Royal Caribbean beats analysts estimates and improves outlook

Royal Caribbean beats analysts estimates and improves outlook

Royal Caribbean has surpassed analysts’ estimates and increases future earnings outlook based on the large number of bookings, higher tours and higher passenger spending aboard their cruise ships. Royal Caribbean Cruises Ltd. (Symbol: RCL) reported impre...
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Airbus beats estimates

Airbus beats estimates

Aerospace and defense giant Airbus boosted operating profit thanks to commercial aircraft. The European aviation manufacturer Airbus increased its net operating profit to EUR 549 million from EUR 14 million in the same period last year. This was due mainly to...
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Harley-Davidson downgraded to sell from neutral at Goldman Sachs

Harley-Davidson downgraded to sell from neutral at Goldman Sachs

Harley-Davidson, a well-known manufacturer of extremely heavy motorcycles, announced that declining demand, higher US tariffs for raw materials and European motorcycle taxes have hit his revenue. How did Harley-Davidson compare to what Wall Street expected: Ad...
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Lockheed Martin, United Technologies Beat Analysts’ Expectations

Lockheed Martin, United Technologies Beat Analysts’ Expectations

The aerospace giant Lockheed Martin shares have improved by 6% after quarterly results have been released, surpassing analysts’ expectations. Lockheed Martin posted first quarter earnings of $5.99 per share, up 49% y/y. Lockheed Martin also updates the 2...
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Chevron Buys Anadarko Petroleum for $33 Billion in Cash and Shares

Chevron Buys Anadarko Petroleum for $33 Billion in Cash and Shares

Oil giant Chevron buys a major company in the oil and gas exploration and drilling sector Anadarko Petroleum for $33 billion. Chevron pays a combination of cash and shares. The acquisition valued Anadarko Petroleum at $65 for one share. Chevron’s...
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