Billionaire Adam Neumann, the co-founder of WeWork, is reportedly making efforts to buy back the bankrupt real-estate company, as reported by DealBook. Neumann, along with his startup Flow and Dan Loeb’s Third Point fund, has conveyed a “sincere interest” in acquiring WeWork and its leases either through bankruptcy proceedings or by providing debtor-in-possession (DIP) financing.
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Swiss banking giant UBS has announced that it narrowly beat fourth-quarter earnings expectations. The company posted a net loss of $279 million, which was better than the anticipated net loss of $372 million. This positive outcome comes after UBS reported a significant loss in the previous quarter due to expenses related to the integration of
During tax season, everyone is looking for ways to save money, but there seems to be a free option that remains largely unnoticed and underutilized by eligible taxpayers. The IRS Free File program, established in 2002, offers a guided tax software for federal returns to taxpayers with a certain income threshold. Despite its potential, only
The realm of mortgage rates has been a rollercoaster ride, with the average rate on the popular 30-year fixed mortgage reaching 7.04%, a threshold unseen since December. This recent escalation comes hot on the heels of a substantial surge prompted by the unexpected boost in the January employment report. The plot thickened as a monthly
Palantir, the AI and data analytics company, saw its shares soar over 17% in after-hours trading after announcing its fourth-quarter earnings that surpassed analysts’ expectations for revenue. The company reported a revenue of $608.4 million for the fourth quarter ending on December 31, 2023, a 20% increase compared to the previous year. This came as
The Israel-Hamas war has had a significant impact on the sales of major U.S. restaurant companies, McDonald’s and Starbucks. McDonald’s reported a fourth-quarter revenue miss due to a sales slowdown in the Middle East, causing its stock to fall by 4% in morning trading. The conflict prompted McDonald’s Israeli licensee to offer discounts to soldiers,
In the hustle and bustle of modern life, it’s all too easy to fall into a rhythm of mindless spending. We often find ourselves constantly chasing a happiness that always seems just one purchase away. However, recent research conducted by Cigna and Morning Consult in 2022 reveals a startling truth: 58% of U.S. adults feel
Federal Reserve Chair Jerome Powell recently sat down for an interview with “60 Minutes” during which he discussed the central bank’s plan for interest rate cuts this year. Powell emphasized the need for caution and expressed confidence in the strength of the economy. However, he also acknowledged the importance of gathering more evidence before making
Filing taxes has become more expensive in recent years, with tax preparation and accounting fees seeing an 8.3% increase in November 2023 compared to the previous year, according to the U.S. Bureau of Labor Statistics. This rise in costs can be attributed to a growing accountant shortage in the industry. As a result, taxpayers are
McDonald’s, the fast-food giant, has been making headlines in recent quarters for outperforming its rivals in terms of sales growth. However, the company faces the challenge of sustaining its momentum, especially as low-income diners have cut back on their visits. To address this issue and drive more frequent visits, McDonald’s has launched the “Best Burger”