Wall Street Insider September 28

Wall Street Insider September 28

Hi readers, How the mighty have fallen! WeWork, whose CEO Adam Neumann claimed he was going to be the first-ever trillionaire (and live forever), is now private jetless and walking shoeless around NYC's Gramercy neighborhood.  In just a whirlwind couple of weeks, $47 billion WeWork — once one of the world's most valuable startups — pulled…
Next recession, market crash: Peter Schiff unloads on Fed behavior

Next recession, market crash: Peter Schiff unloads on Fed behavior

Peter Schiff — president and CEO of Euro Pacific Capital — thinks the longer the Federal Reserve keeps interest rates artificially low, the bigger the collapse will be when the unwinding takes place.He expands on his view that the economy is "artificial" by citing recent action in the IPO market, where companies have garnered sky-high…
Austria’s far-right is poised to take power after Russia scandal

Austria’s far-right is poised to take power after Russia scandal

Herbert Kickl, Austria's former interior minister who was fired by former Chancellor Sebastian Kurz, speaks at a far-right Freedom Party rally in September in Traisen, Austria.Eliza Relman/Insider In Austria, the far-right has emerged from a Russia scandal largely intact and is poised to perform well in snap elections on Sunday just four months after the…
White House concealed Trump calls with Russia, Saudi Arabia: reports

White House concealed Trump calls with Russia, Saudi Arabia: reports

US President Donald Trump and Russian President Vladimir Putin in Vietnam in November 2017.MIKHAIL KLIMENTYEV/AFP/Getty Images The White House tried to conceal the contents of phone calls between Trump and other world leaders, including Russia's Putin and Saudi Arabia's Mohammad bin Salman, CNN and The New York Times reported. Trump is currently under fire a…
Jefferies slashed value of WeWork stake by $146 million before IPO

Jefferies slashed value of WeWork stake by $146 million before IPO

WeWork cofounder and former CEO Adam Neumann.Getty Jefferies slashed the estimated value of its investment in WeWork by $146 million on August 31, more than two weeks before the shared-workspace group shelved its plans to go public. The investment bank's adjustment reflected a "significant discount due to uncertainty regarding the timing and pricing of We's…
Wells Fargo names BNY Mellon’s Charles Scharf CEO, stock price rallies

Wells Fargo names BNY Mellon’s Charles Scharf CEO, stock price rallies

Wells Fargo announced Friday that Charles Scharf will be its new CEO starting in October.Scharf is currently the CEO of Bank of New York Mellon, and will take over at Wells Fargo on Oct. 21. Wells Fargo shares rallied in early trading on the news.The announcement comes after six months of uncertainty around the CEO position…
The best coffee shops to get work done without WeWork

The best coffee shops to get work done without WeWork

Dunkin' might not be the best place to get your work done.Juliana Kaplan; Spencer Platt/Getty Business Insider went to different coffee shops and cafes across Manhattan to figure out the best places to get done without a WeWork membership. We ranked our experiences by the noise level, availability of outlets and bathrooms, and WiFi speed.…
Trump-Ukraine call was ‘abuse of power’ say former NatSec officials

Trump-Ukraine call was ‘abuse of power’ say former NatSec officials

President Donald Trump at the CIA headquarters in Langley, Virginia, on January 21, 2017.Olivier Doulier/Getty Images About 300 former national security officials, White House staffers, and other ex-officials signed a letter describing President Donald Trump's actions in a call with Ukraine as "an unconscionable abuse of power." They said Trump, in a call with Ukrainian…
Officials had to handle Trump Ukraine transcript in paper form: NYT

Officials had to handle Trump Ukraine transcript in paper form: NYT

President Donald Trump on the phone in July 2017.AP Photo/Alex Brandon, File A transcript of the July 25 phone call between President Donald Trump and Ukraine's president was not shared electronically among officials because the contents were considered so alarming, The New York Times reported Thursday. Instead, officials were ordered to use only printed hard…
Goldman Sachs Arun Dhar, based in London, leaves bank amid partner cull

Goldman Sachs Arun Dhar, based in London, leaves bank amid partner cull

Goldman Sachs CEO David Solomon.AP Images Goldman Sachs executive Arun Dhar, a partner in the bank's equities division in London, has left the firm, according to a person familiar with the move.  Goldman's new CEO David Solomon has been trimming the pool of the bank's highest ranking execs.  Read more of our Goldman Sachs coverage…

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Economy Got You Down? There’s a Ton of Free Games to Play This Weekend

Economy Got You Down? There’s a Ton of Free Games to Play This Weekend

There’s no shortage of free games to play this weekend. Epic Games and Steam are offering games to keep forever, alongside trial periods of popular games like Cities: Skylines and Sandstorm: Insurgency. Ubisoft is also running a multi-platform Ghost Recon Breakpoint free weekend. Whether you’re on the look-out for your next go-to or need a…
Bad Bunny Has Done the Most Gangster Thing Possible – Gone Full Drag

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