The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
Typhoon Hagibis made landfall south of Tokyo on Saturday evening. By Sunday around 376,000 homes were left without electricity, and 14,000 without running water across Japan....Weather & Natural Disastersread more
SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts.Investing in Spaceread more
Bryn Mawr's Jeffrey Mills believes the market needs more time to break out of its slump.Trading Nationread more
WeWork has attracted scrutiny over its unusual business model and governance structure, but the company's strangeness seems to start at the top with CEO and co-founder Adam Neumann, according to a remarkable profile in The Wall Street Journal.
Neumann has expressed interest in becoming Israel's prime minister and the president of the world, living forever, and becoming the world's first trillionaire, the Journal reported, citing people familiar with the situation. He is also said to have told employees that the company could one day end world hunger.
Additionally, as WeWork's IPO valuation has been slashed, Neumann continues to believe the company could be worth far more than the $47 billion valuation assigned to it in January, the Journal said. That conflicts with the narrative Neumann expressed as recently as yesterday, when the Financial Times reported that he told employees that he had been "humbled" by the company's IPO stumbles and said he needed to learn more about running a public company.
It comes as the We Co., WeWork's parent company, moved this week to delay the IPO, reflecting ongoing skepticism around its corporate governance structure and ballooning losses. The company is now figuring out how to sharpen its story before it starts its investor roadshow, while maintaining it expects the deal to be completed by the end of the year.
Read the full report from the Wall Street Journal here.