Bad companies can survive when times are good, even if their business models fundamentally don't work. Carvana (NYSE: CVNA) and Wayfair (NYSE: W) made the most of the sky-high demand for used cars and home goods during the pandemic, but the bonanza is now over. Both companies are burning cash and are buried in debt, and neither might make it out of a prolonged recession.
While Austin Ekeler and the Los Angeles Chargers are on a bye in Week 5, there's no bye for 'Ekeler's Edge' this week. Ekeler and Matt Harmon do a deep dive on the first round rookie skill players to see who's making an instant fantasy impact and examine why others are struggling out of the gate.
Evolution Mining Limited ( ASX:EVN ) shareholders might be concerned after seeing the share price drop 14% in the last...
Supermarket shoppers are divided over an idea to restrict older customers to certain hours.
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if...
STORY: "I think if you have the opportunity to go, go and enjoy it. And you would enjoy it."Is this the world's oldest skydiver?104-year-old Dorothy Hoffner did a 13,500-foot tandem leap from an airplaneLocator: Chicago, Illinois[Dorothy Hoffner, Skydiver]“It's really a wonderful feeling to feel the earth under you. So pretty. Sunday was a beautiful day. And all that green grass down there. Wonderful."Hoffner was met with a huge round of applause once she landed"It was wonderful, I enjoyed it. And I couldn't understand why those people were there. But as I say, all I did was get old, older. I'm not old, just older."Hoffner is hoping to receive a Guinness World Record for oldest skydiver[Les Moore, Dorothy Hoffner's friend]“I think a lot of people that were sitting and watching it or maybe are watching this, may be thinking, 'God, if she can do it, why can't I?'"
(Bloomberg) -- Australia’s richest woman has added to her stake in lithium miner Liontown Resources Ltd. for the fourth time in under a month, edging closer to a position that could block a A$6.6 billion ($4.2 billion) takeover by the world’s biggest producer of the metal.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Reces
The rugby union community is rallying around Fijian centre Josua Tuisova. Find out more here.
Kevin McCarthy’s decision not to fight for his old job will set off a week’s worth of jockeying among candidates without very many differences.
When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking...
(Bloomberg) -- Oil steadied ahead of an OPEC+ review of the global crude market and a weekly update of US stockpiles.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.West Texas Intermediate was little changed near $89 a
Key Insights Insurance Australia Group's Annual General Meeting to take place on 10th of October CEO Nick Hawkins...
Key Insights Commonwealth Bank of Australia's Annual General Meeting to take place on 10th of October CEO Matt Comyn's...
"I couldn’t speak. I couldn’t read. I couldn’t write," Green said of his past health complications
(Bloomberg) -- An accelerating selloff in US government bonds is starting to spread havoc across Asia’s financial markets, pushing up borrowing costs, spurring currency-market intervention and driving stocks toward a technical correction. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming
(Bloomberg) -- South Korea has removed a cap on commercial banks’ bond sales enacted during last year’s credit crunch, in a bid to ensure funding for the financial sector. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix I
TOKYO, October 04, 2023--SoftBank Corp. (TOKYO: 9434, "SoftBank") today announced that from October 2023 it will launch a full-fledged expansion of its global IoT business in the Asia-Pacific (APAC) region. In this sales expansion that spans 19 countries and regions, including Japan, SoftBank will focus on marketing IoT services, mainly the "1NCE IoT Flat Rate," an affordable global IoT connectivity service from German company 1NCE GmbH, to enterprise customers. SoftBank aims to acquire a total
Queenslanders wondered if it was pollution, algae or maroon tears from Broncos and Lions supporters.
(Bloomberg) -- Izzy Englander’s Millennium Management is in discussions to invest billions of dollars with Schonfeld Strategic Advisers as part of a partnership deal, according to people familiar with the matter.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally
For the first time ever, a House speaker had been voted out of the position, plunging Congress into a new degree of turmoil. Rep. Kevin McCarthy, the California Republican who has survived decades of upheaval in Congress, had projected a sense of cool as he strolled out of his office just hours earlier, still speaker. Lawmakers fled the chamber after the vote, some speechless at what they had witnessed.
Callum Mills fronted the media with his arm in a sling. Read more here.
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