Independent thinking for complex markets and current events
WeWork is in serious trouble, and it could be the canary in the coal mine for the US commercial real estate sector. What’s going on at WeWork? WeWork dropped a bomb in in its second-quarter earnings on Tuesday. “As a result of the company’s losses and projected cash needs, combined with increased member churn and …
Apple has lost its title as the world’s only company with a market valuation of $3 trillion, after the company warned it was headed for a fourth straight quarter of declining sales. Shares of Apple closed down 4.8 percent at $181.99, wiping more than $140 billion off the company’s market capitalization, in the stock’s biggest …
Taiwan semiconductor warned that Artificial Intelligence is not as good as it sounds.https://t.co/ENHumo5m4y"TSMC's second-quarter earnings call may go down as one of the more pessimistic calls in recent history" Just another rope-a-dope. pic.twitter.com/1YtEEDD7Xc — Mac10 (@SuburbanDrone) July 20, 2023 Bulls the highest since the left shoulder over two years ago: pic.twitter.com/v0CmBacGO5 — Mac10 (@SuburbanDrone) July …
Five years before the tragedy in which the OceanGate Titan submersible imploded in the deep ocean during its journey to the Titanic, an expert pilot for OceanGate reportedly warned of his concern that the company’s CEO, Stockton Rush, “kills himself and others in the quest to boost his ego.” David Lochridge, a submersible pilot and …
Global elite told at London’s Savoy hotel of real risk of ‘civil disruption’ if more is not done to help struggling millions At an investment conference organised by Spear’s wealth management magazine, members of the global elite and their financial teams were told by progressive advisers that there was a “real risk of actual insurrection” …