News Formal

Stock Market Today: Futures Tread Water; Fed's Powell Due to Speak

  • 📰 WSJ
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The S&P 500 looks to build on its longest winning streak in two years

WeWork hasn’t worked well for SoftBank. With WeWork’s bankruptcy filing Tuesday, SoftBank has lost over $14 billion on its investments in the office-leasing company, an analysis of SoftBank filings and WeWork’s stock price shows. It is an astounding amount of money to have lost on a single company, and it marks one of the worst bets ever on a startup. The scale of the loss is especially striking given the industry: Competitor IWG, with similar revenue to WeWork, has a market value of $1.

SoftBank then lent $5 billion—and bought more equity—to bail out the company in 2019 after Neumann was ousted as chief executive. The losses come from both debt and equity. SoftBank put about $12 billion into WeWork shares, per a 2022 filing. And while SoftBank offloaded some loans to other investors, it is by far the largest creditor and has steadily written down the debt in recent quarters. In its March 2022 annual report, SoftBank said it had lost $8.7 billion on WeWork stock.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 98. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock Market Today: Dow Futures Waver, UBS Posts a LossStock futures ticked lower early Tuesday. Investors got updates from UBS and Saudi Aramco.
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »

Stock Market Today: Dow Futures Waver, UBS Posts a LossStock futures ticked lower early Tuesday. Investors got updates from UBS and Saudi Aramco.
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »

Stock Market News Today: Dow, S&P 500 Slip; Tesla, WeWork Stocks in FocusLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »

Stock Market Today: Dow ends higher, but rising Treasury yields keep lid on gainsStock Market Today: Dow ends higher, but rising Treasury yields keep lid on gains
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Stock Market Today: Stocks slide, Treasury yields rise as bears test peak rate betsStocks are closely tracking Treasury yields Tuesday, ahead a key three-day run of new bond auctions, as markets test recent bets on peak Fed rates.
출처: startelegram - 🏆 248. / 63 더 많은 것을 읽으십시오 »

Stock Market Today: Dow higher as tech reigns supreme to help extend win streakStock Market Today: Dow higher as tech reigns supreme to help extend win streak
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »