Adam Neumann of WeWork and Victor Fung Kwok-king, right, chairman of Fung Group, attend a signing ceremony at WeWork’s Weihai Road location on April 12, 2018 in Shanghai, China. Jackal Pan | Visual China Group | Getty Images Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of … Read more
FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry. In a new documentary premiering Monday, FTX customers, insiders and investors tell CNBC that despite not receiving a single dollar’s worth of cryptocurrency back, they’re optimistic on the industry and plan to keep investing. Evan Luthra, an app developer, entrepreneur and angel investor, told … Read more
Federal Reserve Board Chairman Jerome Powell departs after talking throughout a information convention following the Federal Open Market Committee assembly, on the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Photos The Federal Reserve plans to maintain mountaineering rates of interest to stem inflation, which suggests a rise … Read more
Mattress Bathtub & Past is anticipated to be dissolved after the failed retailer declared chapter, however the firm’s crown jewel — Purchase Purchase Child — could dwell to see one other day. The newborn gear retailer is drawing curiosity from a minimum of two bidders as its guardian firm, Mattress Bathtub & Past, works to … Read more