Working from home could wipe $800 billion from office values globally
Remote work risks wiping $800 billion from the value of office buildings in major cities worldwide by 2030 as the post-pandemic trend pushes up office vacancy rates and drives down rents, according to a new report.
2023-07-13 20:29
CapVest to Buy UK Software Provider Kerridge in $1 Billion Deal
Private equity firm CapVest Partners has agreed to acquire UK software provider Kerridge Commercial Systems Ltd. CapVest is
2023-07-13 13:20
New lawsuit claims Elon Musk's Twitter owes more severance to former employees
A former Twitter employee on Wednesday filed a new lawsuit against Twitter and its owner, Elon Musk, alleging that the company failed to provide the full amount of severance it had promised employees prior to mass layoffs last November.
2023-07-13 06:51
Exclusive: Energy Secretary vows to 100% refill emergency oil stockpile — but warns that won't happen before a second Biden term
America's emergency oil stockpiles have plunged to 40-year lows under President Joe Biden as US officials have sought to cushion consumers from high gas prices.
2023-07-12 23:57
Fine wine is souring as investment prices sink
Fine wine prices have been rising consistently for years, attracting investors looking to hedge against inflation, economic turmoil and stocks. Recently, the barrier to entry in the wine-as-an-investment market has fallen drastically, with a number of easy-access online brokerages and advisories popping up.
2023-07-12 20:17
Chip Designer Arm in Talks With Nvidia to Anchor IPO, FT Says
Arm Ltd., the chip designer backed by SoftBank Group Corp., is in talks with Nvidia Corp. to join
2023-07-12 13:46
Meme Stocks Are Back, Raising a ‘Red Flag’ for the Broader Market
Investors are fascinated with meme stocks again as they hunt through lower-quality names searching for returns. And in
2023-07-12 00:57
Analysis-Slow-selling EVs are the auto industry's new headache
By Joseph White and Ben Klayman DETROIT The U.S. electric vehicle market is growing, but not fast enough
2023-07-12 00:46
Will inflation come down this year? We're about to get a big clue
This week kicks off the second quarter earnings season, when firms in the US report on how much money they made (or didn't make) from April through June of 2023. It also brings a slew of new inflation data.
2023-07-11 19:27
Singapore's Temasek reports portfolio value drop, positive on China tech
By Yantoultra Ngui and Xinghui Kok SINGAPORE Singapore investment firm Temasek Holdings on Tuesday posted a 5.2% drop
2023-07-11 16:30
UK wage growth matches record high, keeping BoE under pressure
By William Schomberg LONDON (Reuters) -A key measure of British wages matched its highest growth rate on record but there
2023-07-11 15:50
Dubai School Operator Taaleem’s Profit Rises as Enrollments Surge
Dubai private school operator Taaleem Holdings reported a 34% increase in net profit, helped by a surge in
2023-07-11 14:22