- This post originally appeared in the Insider Today newsletter.
Hello! How strong do you think your closest relationships are? Give the "bird test" a shot and $4.
In today's big story, we're looking at why WeWork's bankruptcy filing $4.
But first, the actors' union SAG-AFTRA announced Wednesday evening that it had $4 with Hollywood studios to end a strike of nearly four months. That means some film and TV productions will be starting up again.
What's on deck:
- Markets: An oil giant usurped Tesla as the $4.
- Tech: Leaked numbers reveal the $4.
- Business: $4 before you start your next group chat.
And now, we should restructure some things.
The big story
Another one bites the dust$4
Businesses beware: It's about to get ugly.
WeWork, the real-estate company that cosplayed as a tech startup, $4. It's not exactly a shocking resolution for WeWork, which first showed signs of its demise during a $4.
But one Wall Street veteran believes WeWork will be the first of $4. In a recent note, New Constructs CEO David Trainer said hundreds of "zombie companies" — unprofitable businesses holding significant debt and burning through cash — will also file for bankruptcy, writes Insider's Jennifer Sor.
Trainer's concerns aren't unfounded. More US companies filed for bankruptcy in the first eight months of the year than the total number of bankruptcy filings in 2021 and 2022, $4.
Defaults on corporate debt have also been on the rise globally, per another S&P Global report. Bank of America estimates we'll see $4.
Rising interest rates have been a key culprit.
After years of a near-zero rate environment, getting money became a lot more expensive. That type of change throws quite a wrench in your plans if your business strategy amounts to burning cash while you figure things out.
WeWork kicking off a hypothetical bankruptcy boon is fitting.
The former startup was the poster child for Silicon Valley's time-honored strategy of $4 get in the way of a good story (see: high valuation).
But those days are long gone now that venture capitalists have tightened their purse strings. That's resulting in a $4, forcing them to fold or sell off their best assets, writes Insider's Vishal Persaud.
It's not just formerly high-flying tech startups, though. Small-business bankruptcy filings are also on the rise, $4.
Of course, you wouldn't know things are so bad from WeWork's bankruptcy announcement. The message reads more like a company on the rise than one legally acknowledging it can no longer pay its debts, $4.
But maybe there's a reason for the optimism. There's a theory making the rounds that WeWork is considering bringing its $4 and former $4.
Because if we've learned anything from the WeWork debacle, it's that $4.
3 things in markets
- Can the stock market keep this momentum going? After a difficult few months, the S&P 500 and Nasdaq Composite indices are in the midst of their longest winning streak in two years. But, analysts are split on whether the past few weeks $4.
- Jeff Gundlach sounds off on US debt. The Bond King is worried about the $33 trillion debt mountain the US has accumulated, warning a recession is on the horizon. Here are the top quotes from a recent interview with the billionaire about $4.
- Don't — or do — bet against these companies. ExxonMobil surpassed Tesla as the most-shorted stock in the S&P 500, according to a new report. Other companies investors are betting against include Apple and Airbnb. $4
3 things in tech
- Experts reveal how to adapt to AI entering the workforce. They suggested developing $4. That includes people skills and learning how to write good prompts for AI.
- Amazon is reportedly racing to build a competitor to OpenAI's ChatGPT and Google's Bard. Amazon has doubled down on investing in AI. And $4 — reportedly codenamed "Olympus" — will likely be incorporated into Amazon's online stores and smart speakers.
- Leaked numbers: Google's fastest-growing product is YouTube TV. The company found that using TVs and tablets $4. Plus, YouTube has been making recent bets like partnering with the NFL to stream games.
3 things in business
- A modern etiquette guide for group chats. The group chat has become the room where things happen now — for better or for worse. So remember $4, including the perfect size, when to mute it, and never responding with "ha."
- Uber co-founder Travis Kalanick's $15 billion ghost kitchen company lays off staff. Before the Wednesday layoffs, his company had more than 4,300 employees. It comes amid a difficult market for tech with inflation, higher interest rates, $4.
- Real-estate investor shares the secret to getting a 5% interest rate. Matthew Tortoriello owns over 700 rental units and has been able to secure $4. He revealed that there are ways around high interest rates, including seller financing.
In other news
What's happening today
- Happy World Freedom Day. It marks the anniversary of the Berlin Wall falling in 1989.
- Have an Unforgettable birthday, French Montana! Scarface and Sherrod Brown were also born on this day.
- Earnings today: Groupon, News Corp, Sony, $4.
For your bookmarks
American phrases
US phrases that don't fly in the UK. From "pants" to "quite nice," some phrases $4 abroad.
The Insider Today team: $4, senior editor and anchor, in New York City. $4, senior reporter, in San Diego. $4, editor, in London. $4, executive editor, in New York.