CEO of WeWork Adam Neumann Getty Images WeWork is worth just a fraction of where it was raising money in private markets, according to a widely followed valuation expert. Aswath Damodaran, professor of finance at the Stern School of Business at NYU, who is sometimes called the “dean of valuation,” analyzed the start-up’s prospectus filed
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Total potential debt for the U.S. by one all-encompassing measure is running close to 2,000% of GDP, according to an analysis that suggests danger but also cautions against reading too much into the level. AB Bernstein came up with the calculation — 1,832%, to be exact — by including not only traditional levels of public
An activist investor with a penchant for bold calls about companies losing value spoke to CNBC’s “Squawk Box” on Monday about his latest position, which bets that household products company Church & Dwight will lose half its value. Spruce Point Capital founder Ben Axler published a report last week expressing “significant concerns” about Church &
The Facebook app is displayed on the screen of an iPhone. Fabian Sommer | picture alliance | Getty Images Facebook and Amazon are two of J.P. Morgan’s top picks in the internet sector, despite intensified scrutiny from regulators at home and abroad. The firm likes Facebook, Amazon, Twitter, Netflix and media company IAC in the
JEWEL SAMAD/AFP/Getty Images For a sector that’s typically not known as a dividend play, technology stocks could be a great place to find yield in this world of tumbling rates. In the past decade, the tech sector has increased its dividend payouts by about 17% to $88 billion, according to Credit Suisse. Apple and Microsoft,
Bank of America financial center manager, center, shows a customer how to use the ATM with Teller Assist station in Cherry Creek. Andy Cross | Denver Post | Getty Images Keefe, Bruyette & Woods (KBW) lowered its rating on Bank of America shares to market perform from outperform, saying the bank is facing earnings pressure
In this photo illustration, packages of Beyond Meat “The Beyond Burger” sit on a table, June 13, 2019 in the Brooklyn borough of New York City. Drew Angerer | Getty Images Investors have overestimated the potential size of the the planet-based meat industry, which could end up smaller than the plant-based milk industry, according to
Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images Here are the biggest calls on Wall Street on Friday: D.A. Davidson initiating Beyond Meat as ‘underperform’ D.A. Davidson said its view does not reflect a negative view of
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Dec. 2, 2016. Michael Nagle | Bloomberg | Getty Images Without the temporary hiring of Census workers, the disappointing August jobs report would have been even worse. The federal government hired 25,000 temporary workers in preparation
Source: Waste Connections Christopher Warner and Ozo Jaculewicz helped build one of the top-performing funds of 2019 with an unconventional bet: Waste Connections. Waste Connections, a waste management company based in Canada, has the largest weight in the Wells Fargo Asset Management Discovery fund (WFDAX), which is managed by Warner and Jaculewicz. Their bet on