Tech blow-ups are ten-a-penny but few companies better illustrate the willingness of venture capitalists to swallow the overblown promises of charismatic founders than office rental outfit WeWork.
Oil prices fell 4% after the U.S. Federal Reserve raised interest rates and investors worried about the economy. Brent futures and WTI crude decreased, and the unexpected rise in U.S. gasoline inventories and China's manufacturing activity added to the pressure. Morgan Stanley lowered its Brent price forecast, while the Fed signaled a possible pause in further increases.
Investments by local equity mutual funds in the group accounted for only 0.9 percent of the industry’s $182 billion in assets at the end of March, according to data compiled by Bloomberg
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unconscionable. the stock market finally got some positive numbers amid the continued wave of steep losses. the dow surged yesterday to erase the historic christmas eve drop. the stocks posted their best in nearly a decade with the dow jumping more than 1,000 points or nearly 5%. the s&p 500 surged nearly 5% while the nasdaq was up close to 6 prch 6%. the bounce comes after monday s massive selloff among president trump s continued criticism of federal reserve chairman jerome powell. you made it very clear that secretary mnuchin s job is safe. is the fed chairman s job safe? that is correct, yes.