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2 mins read

WeWork CEO Adam Neumann told employees he's 'humbled' by the collapse of the firm's IPO

Investors grew disillusioned with WeWork's unclear path to profitability, business model, complex s…

Theron Mohamed   


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1 min read

The unreal life of Wall Streeters, captured in a meme Instagram account that's going viral

These memes have found an audience with people working in finance, who see their experiences and mi…

Mary Meisenzahl   


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3 mins read

The Saudi oil crisis could send oil prices to $150 a barrel if the Iran-US conflict escalates - and worsen the global downturn

"Remember when Iran shot down a drone, saying knowingly that it was in their "airspace" when, in fa…

Yusuf Khan   


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2 mins read

The London Stock Exchange rejected its Hong Kong rival's $37 billion takeover bid, saying the Refinitiv deal is 'on track'

HKEX now joins a long list of companies that have failed to merge with the LSE, after analysts earl…

Yusuf Khan   


Theron Mohamed   


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2 mins read

The European Central Bank cut rates to a surprise record low, and launched a sweeping round of stimulus

"Taken as a whole the ECB has delivered a package of measures which is more than most expected toda…

Yusuf Khan   


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3 mins read

California just passed a bill turning 'gig economy' workers into employees. Here's what Uber and Lyft have said.

State senators passed Assembly Bill 5 in a 29 to 11 vote on Tuesday. The proposed law is expected t…

Theron Mohamed   


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3 mins read

Hong Kong Stock Exchange just proposed a $37 billion deal to buy the London Stock Exchange

The LSE and the Hong Kong exchange are both in cities where political upheaval threatens their busi…

Yusuf Khan   


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2 mins read

China just removed tariffs from some American exports - but ranchers are still going to feel the pain as farm produce still faces levies

"In terms of the trade war, it won't meaningfully alter negotiations as if you look at the last rou…

Yusuf Khan   


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2 mins read

WeWork reportedly might slash its valuation below $20 billion, or even postpone its IPO

The shared office-space provider plans to embark on an investor roadshow this week to drum up inter…

Theron Mohamed   


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2 mins read

Hong Kong's protesters are waving American flags and asking Donald Trump for help

The protests have led to widespread disruptions. Demonstrators set fire to a barricade outside a su…

Theron Mohamed   


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3 mins read

Stocks are surging on UK Parliament's vote against a 'no-deal' Brexit and as Hong Kong looks set to drop its extradition bill

Meanwhile, Lam will announce the formal withdrawal of a bill that would have allowed Hong Kong to d…

Theron Mohamed   


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2 mins read

Trump's newest China tariffs just kicked in - and JPMorgan says they could cost American shoppers an extra $1,000 a year

Together, the tariffs will "significantly" hurt the "wallet of the US/consumer voter ahead of the 2…

Theron Mohamed   


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3 mins read

Argentina just brought in currency controls to contain the peso after it lost more than a quarter of its value in a month

The economy, however, remains in deep recession, running at 22% inflation in the first half of the …

Yusuf Khan   


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3 mins read

China stocks soar on Beijing's vow to prop up economy as Trump's tariffs kick in, hitting billions' worth of goods

Risks to the economy are manageable and the state wants to keep "reasonably ample" liquidity as it …

Theron Mohamed   


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2 mins read

China's renminbi is headed for its biggest ever monthly drop - and economists warn other currencies will suffer

"For the rest of emerging market, renminbi weakening carries contagion risk and adds to an already …

Yusuf Khan   


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3 mins read

Stocks are soaring on fresh hopes of a 'tidal wave' of government stimulus and an end to the US-China trade war

China announced new loans will largely be benchmarked against rates that banks charge their best cu…

Theron Mohamed   


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3 mins read

Cannabis could become a $60 billion industry in the US. That's more than double the market for vitamins and supplements.

On top of that, Pallotta said the CBD market will eventually be dominated by major consumer compani…

Jeremy Berke   


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3 mins read

Stocks are plunging as traders brace for a German recession and global turmoil as US-China trade war continues

The latest moves in the trade war were more positive. Weeks after President Donald Trump announced …

Theron Mohamed   


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5 mins read

Tech is now essential in the battle to recruit and keep wealth talent. Deutsche Bank and Morgan Stanley execs gave us their pitch.

Prospective advisers are "very interested in our product capabilities, our technology capabilities,…

Rebecca Ungarino   


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2 mins read

The UK economy unexpectedly shrunk for the first time in 7 years - and the pound is getting clobbered

"Total business investment is down as the stockpiling 'bounce' from Q1 faded, having a more severe …

Yusuf Khan   


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2 mins read

Deutsche Bank and Wall Street banks reportedly just gave Congress thousands of documents related to Russians with possible ties to Trump

Trump's lawsuit, according to The New York Times in April, claims the subpoenas "have no legitimate…

Yusuf Khan   


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1 min read

Jeff Bezos' net worth plunged by $3.4 billion in Monday's stock rout - and the rest of the world's super rich lost $117 billion

The world's 500 wealthiest people lost a collective $117 billion as stocks plunged across the world…

Yusuf Khan   


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3 mins read

We identified the 70 most powerful people at JPMorgan. Here's our exclusive org chart.

To name just a few: Jes Staley, now the CEO of Barclays; former JPMorgan investment banking co-head…

Dakin Campbell,Shayanne Gal