Recent Posts

SoftBank, WeWork are as bad as each other

SoftBank Group Corp. is having second thoughts about whether WeWork Cos Inc. should go public just yet. Having valued the heavily loss-making office space provider at up to $47 billion, Masayoshi Son’s affiliates are doubtless reluctant to write down their more than $10 billion investment – something they’d have to consider once there’s an observable price for the shares. WeWork, ...

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Fed is set to cut interest rates multiple times

The Federal Reserve is set to lower its target for the federal funds rate by another 25 basis points while leaving the door open for further reductions. When does this cycle end? When the Fed either stabilizes the economy with something on the order of 75 basis points of rate cuts or the economy slips into recession and rates head ...

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India’s big lenders: Going subprime isn’t the answer

Any financing that’s secured by collateral — steel mills, textile factories, power plants, roads or land — is in trouble in India. A multiyear investment slowdown has decimated credit quality. Now, the problem is spreading. The near-recession in the consumer economy means unsecured lending could be the next domino to fall. With business collateral losing its sheen, India’s top three ...

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