The New York-based firm, struggling with a heavy debt load and hefty losses for a few years now, was once privately valued at $47 billion and now has a...
- WeWork shares tanked over 35% in premarket trading on Wednesday after media reports that the flexible workspace provider was planning to file for bankruptcy as early as next week.
WeWork, which finally went public in 2021 at a much reduced valuation than initially expected, remains a black spot for SoftBank that sunk billions for its investors. The company decided to withhold interest payment due on Nov. 1 on senior notes due 2025, even as it has the cash to make the payment, it said on Tuesday.
Bill Gates' former assistant is the world's 5th-richest person — and he's close to overtaking the Microsoft cofounder Brookfield Corp. and two other TSX stocks to consider buying on the way down. The post 3 Oversold Canadian Stocks for the Next 30 Years appeared first on The Motley Fool Canada.During a press conference on Tuesday, NDP leader Jagmeet Singh proposed taking the GST off of home heating to provide "relief for all Canadians" during the winter months. In addition, to tackle climate change, Singh suggested a windfall tax on oil and gas companies making "record profits.
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