SoftBank has agreed to lend $ 1.1 billion to WeWork to help detect coronavirus-related disruptions, on top of the more than $ 10 billion it has already invested in the release property group, according to a memo that was sent by WeWork’s chief financial officer to employees on Thursday. WeWork …
Read More »Baidu’s revenue shrinks under pressure from ByteDance in advertising
(Bloomberg) – The quarterly turnover of Baidu Inc. shrinking 1% and their projections suggest that sales may slip again, as rivals like ByteDance Ltd. continue spitting at their core advertising business. China’s leading search engine predicts sales of 26.3 billion yuan ($ 3.8 billion) to 28.7 billion yuan for the …
Read More »Manhattan rents 10% after coronavirus exodus
National Association of Home Builders CEO Jerry Howard is responding to New York City leasing as coronavirus concerns housing demand reform. The rental homes of Manhattan apartments collapsed last month by most in nearly nine years. According to a report Thursday from appraiser Miller Samuel Inc. and Douglas Elliman Real …
Read More »Blockchain Bites: Coinbase’s Loans, Ethereum’s fees, YAM’s Bug
Ethereum users pay by the nose while miners profit. Coinbase offers loans with bitcoin support and almost a quarter of the Tor Network can be compromised by a crypto-loving scammer. You read Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they …
Read More »Stock futures are trading sideways because the S&P 500 is just below the record
Stock futures opened flat Thursday night to slightly higher, following a mixed session earlier, with tech shares leading the Nasdaq to back-to-back sessions of progress, while the S&P 500 and Dow declined. Shares of Apple (AAPL) edge lower late trading after rising to a record high earlier Thursday. Bloomberg reported …
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