And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and now plan thousands of job cuts. They will put some of their business is up for sale. Kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So theyre going to be spending the next few months wi
We will break down all the numbers for you. And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and is now planning thousands of job cuts. They will put some of their business is up for sale. Kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So
More precious than faang, the one surprising investment thats making some more money than all the top tech names that you know its thursday, august 29th and Worldwide Exchange begins right now. If the black keys cant get you going, i cant help you friends. Good morning, good afternoon, good evening, where where ever in the world youre watching look at this, dow futures are soaring up 209 points right now. They were not like this a couple of hours ago futures made a dramatic move around 3 00 a. M. New york time this morning, look at that boom, were muddling along down a couple of points this is at the same time that the Chinese Commerce minister, china opposes any more escalation of a trade war. They hope the United States will show sincerity and concrete action adding both trade teams have been in touch and are working to create conditions for what they call successful negotiation. Futures were up 209 right now. The bond market is not moving as much on the headlines. Yield still low, a
That corporations despite americans are essential in balance, productive and Progressive Society by spurring innovation, rewarding talent and hard work and creating on which tech come to dependent. Tyler cowen with finance and tech industry, both critics and defenders will benefit from reading the book, cowen will be joined by edward, u. S. National editor for Financial Times and author of the retreat of western liberalism. Please join me in welcoming tyler cowen. Thank you very much for the introduction. Delight to be here with tyler. Ive met tyler a million times, have met many years, we dont always agree with each other. Disagreeing without being disagreeable and far more manageable at the end of it. We do agree on some things. I am going to get into productivity. Let me quickly emphasize tylers productivity. Wonderful book in 2011. Weve had your complacent, we couldnt have no, about every 3 years. Things speed up as we get older. But, anyway, that is a lot of books, one thing i wil
There is only one tech giant that is valued at more than a trillion dollars. Its not amazon or apple but microsoft. And it has just proved again why it is the worlds most valuable publicly traded company. Injust three months, this giant brought in almost 34 billion in revenue. About the same amount as the value of cypruss entire economy. And unlike a number of the tech giants, this company is actually making money. Lots of it. In fact, 13 billion of profits. How . Office software and Cloud Computing are proving to be the big money spinners for microsoft. The likes of microsoft 365 and the azure business in particular. Whats powering all of this . An unexpected rise in the number of new desktops and notebooks being sold around the world. Theyre up by almost 5 . Why . Companies are trying to replace old machines still running on windows 7 before support for the software expires next year. Theres also the fear that this could be a much more costly investment in the future if trade tariffs