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WeWork IPO filing says it’s ready for a recession

"While we believe that we have a durable business model in all economic cycles, there can be no assurance that this will be the case.".....»»

Category: topSource: moneycentralAug 14th, 2019

Get ready: another massive wave of layoffs is about to hit the US economy

Cindy Ord/Getty Images Equity markets may not see it, but July is likely to see a resumption in layoffs stemming from the COVID-19 induced recession, as Payroll Protection Program (PPP) funds run out. PPP fu.....»»

Category: topSource: businessinsiderJun 24th, 2020

Tsunami of bankruptcies threatens Texas

More Texas businesses are filing for bankruptcy this year than did during the Great Recession or anytime in the past two decades, and experts say the wave of insolvencies and restructurings is still far from breaking or hitting its peak......»»

Category: topSource: bizjournalsMay 23rd, 2020

WeWork"s Adam Neumann once said he had a "beautiful relationship" with SoftBank"s Masa Son; now he calls out "abuse of power" in lawsuit filing

In the lawsuit.....»»

Category: realestateSource: cnbcMay 5th, 2020

WeWork co-founder sues SoftBank over failed deal

WeWork co-founder Adam Neumann has accused one-time ally Softbank of abuse of power, filing a lawsuit against the company on Monday for pulling a deal to buy $3 billion of WeWork's shares from investors. Gloria Tso reports......»»

Category: videoSource: reutersMay 5th, 2020

Aquatica, the long-awaited condo tower on Bayshore, is finally ready to sell units to buyers

Aquatica was the first post-recession condo tower to break ground on Bayshore Boulevard — half a decade ago......»»

Category: topSource: bizjournalsApr 30th, 2020

Fannie Mae and Freddie Mac are ready for recession

It seems clear that the coronavirus pandemic triggered a recession, and now there are questions about whether Fannie Mae and Freddie Mac will still be... The post Fannie Mae and Freddie M.....»»

Category: blogSource: valuewalkApr 29th, 2020

Softbank calls WeWork"s lawsuit "desperate and misguided" attempt to rewrite history

Softbank Group Corp. responded Tuesday to WeWork parent We Co.'s lawsuit, saying it plans to "vigorously defend" the suit as nothing in the filing credibly refutes the decision to terminate the tender .....»»

Category: topSource: marketwatchApr 7th, 2020

Fed will do "whatever it takes" to help U.S. economy likely in recession, Daly says

The Federal Reserve is ready to do more to help a U.S. economy ground to a sudden halt as businesses shutter and people stay home to slow the coronavirus pandemic, San Francisco Fed President Mary Daly said on Tuesday......»»

Category: topSource: reutersMar 31st, 2020

WeWork has sufficient cash to meet challenges posed by virus: letter

WeWork told investors on Thursday the $4.4 billion in cash and cash commitments it had on hand at year-end 2019 is sufficient to execute its five-year plan, including managing the challenges posed by the recession-bearing coronavirus crisis......»»

Category: topSource: reutersMar 26th, 2020

2 out of 3 people are not prepared for the next economic recession, according to a study. Here"s how you can get financially ready while quarantined.

Rick Bowmer/ AP As the coronavirus continues to affect the stock market and the eco.....»»

Category: topSource: businessinsiderMar 19th, 2020

TBJ Plus: New downtown Raleigh stadium talks perk up – again; Cary, Raleigh among most recession-proof; pizza vending coming to NC?

NEW STADIUM TALK?: Things are once again percolating with the Downtown South project, TBJ Plus has learned. With the city/county getting ready to jointly decide what projects are going to receive the one-time disbursement of $46.6 million through.....»»

Category: topSource: bizjournalsMar 9th, 2020

T.Rowe Price Calls WeWork "Terrible Investment"

T. Rowe Price Group Inc. (NASDAQ: TROW) regrets investing in WeWork in 2014, it said in a filing with the SEC on Thursday. read more.....»»

Category: blogSource: benzingaFeb 14th, 2020

Need to Know: Get ready for a stock peak this summer, then a U.S. recession, warns fund manager

On a day when the headlines are gloomy, our call of the day may not cheer you up. Pictet fund manager is warning of a stock market peak by summer, and recession by the end of the year......»»

Category: topSource: marketwatchFeb 13th, 2020

Powell suggests Fed might lack ammo to fight next recession

Federal Reserve Chairman Jerome Powell came close to acknowledging that the central bank may not have the firepower to fight the next recession and called on Congress to get ready to help.The current .....»»

Category: topSource: moneycentralFeb 12th, 2020

Powell suggests Fed might lack ammo to fight next recession

Federal Reserve Chairman Jerome Powell came close to acknowledging that the central bank may not have the firepower to fight the next recession and called on Congress to get ready to help.The current .....»»

Category: topSource: moneycentralFeb 12th, 2020

How to recession-proof your retirement plans, according to retirees who made it through the Great Recession

Photo courtesy of Edd and Cynthia Staton Getting ready for retirement i.....»»

Category: topSource: businessinsiderJan 11th, 2020

How to prepare for a recession

It's OK to be worried, if not a little afraid, of a coming recession. Here's how to start getting ready......»»

Category: topSource: moneycentralNov 20th, 2019

Next Avenue: Make your business recession-ready and thrive during a downturn

Co-author of the book ‘Rock the Recession,’ says an economic decline can be an opportunity......»»

Category: topSource: marketwatchNov 11th, 2019

Flowers Foods: Despite The Stellar Performance During The Financial Crisis, The Company Is Not Ready For The Next Recession

Flowers Foods: Despite The Stellar Performance During The Financial Crisis, The Company Is Not Ready For The Next Recession.....»»

Category: topSource: seekingalphaOct 16th, 2019

SoftBank is in talks with JP Morgan on WeWork bailout as cash expected to dry up by mid-November

A little over two weeks after withdrawing its IPO filing, WeWork is in need of cash. SoftBank and J.P. Morgan Chase are trying to pull something together......»»

Category: realestateSource: cnbcOct 15th, 2019