Anyone Who Believes WeWork Is Worth $10B Is ‘Lying, Stupid or Both’

Best-selling author, professor and technology industry pundit Scott Galloway analyzed WeWork’s S-1 filing as the company prepares for its initial public offering, and he had some … interesting things to say. Galloway, who has started nine firms himself, penned a blog on his site called “WeWTF,” where he lambasted the company’s upcoming IPO and anyone … Read more

Madoff Whistleblower Says GE a ‘Bigger Fraud Than Enron,’ Shares Tank

General Electric’s stock is tanking after the release of a damming report claiming the company has been misleading investors and committing fraud. Investigator Harry Markopolos accused GE Thursday of engaging in accounting fraud worth $38 billion. “My team has spent the past 7 months analyzing GE’s accounting and we believe the $38 Billion in fraud … Read more

Economy Flashes More Warning Signs as Treasurys Sink to ‘Historic’ Lows

Investors are piling out of the volatile stock market and piling into the safety of U.S. government bonds, pushing yields down into record-low territory. “The 30-year yield in itself is historic given that it is moving to massive lows but the curve inversion is typically the signal, one of the better signals you can get … Read more