Business Mortgage Lender Grows Series C Funding Round to $160MFortune - Rey Mashayekhi After initially securing $70 million for its Series C round in January and raising another $25 million in add-on funding, online mortgage lender …
Finance The Most Fascinating Standoff in Corporate America: The Accountant Who Exposed Madoff vs. GEFortune - Shawn Tully Who's right, the sleuth who exposed Bernie Madoff's gigantic Ponzi scheme, or GE's prestigious board and highly-regarded CEO, a team lauded on Wall …
Finance Brace Yourself: SmileDirectClub is the Latest Unicorn to File for an IPOFortune - Lucinda Shen Following on the heels of WeWork and Cloudflare, yet another unicorn is trying its luck in the public markets. Founded in 2014 by Jordan Katzman and …
Tech Industry Europe’s Cyber Watchdog for Banks Has a Little Problem—It Keeps Getting HackedFortune - Bernhard Warner Hackers attacked the European Central Bank, one of the chief cyber watchdogs for the European banking sector, with malicious code that forced bank …
U.S. Treasury Plunge in 30-Year Treasury Bond Yields Spells the End of America’s Golden Age, to SomeFortune - Erik Sherman On Friday, the yield on a 30-year Treasury bond briefly dropped below 2% for the second time in history. The first was on Thursday. No big damage was …
Finance GE’s Stock Plunged After Madoff Whistleblower Alleged “Accounting Fraud”Fortune - Bloomberg, Katherine Chiglinsky, Richard Clough General Electric Co. tumbled the most since 2008 after a prominent financial examiner working with a short seller accused the company of “accounting …
Google Doodle Inside the Bananas, Bonkers, and Unbelievable WeWork IPO Filing—Data SheetFortune - Aaron Pressman (This is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it in your inbox daily, sign up here.) Have you been …
Recession The Economy Is in Code Yellow for a Recession Based on These 9 MetricsFortune - Daniel Bentley, Nicolas Rapp Opinions are split on whether the Federal Reserve responded to genuine concerns for the U.S. economy in cutting interest rates for the first time in …
Finance Trump Thinks He Is Winning the Trade War. The Data Tell a Different StoryFortune - Shawn Tully Talk to anyone in Trumpland, and you’ll hear that America is winning the trade war. “The economic burden is falling vastly more on them than on us,” …
Coinbase Exclusive: Coinbase Buys Xapo Custody for $55 Million, Eyes Lending BusinessFortune - Jeff John Roberts Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain. …
Recession The ‘Inverted Yield Curve’ Is Predicting Recession, But What Are Other Indicators Saying?Fortune - Bob Sellers If you have questions about where we are in the economic cycle, you’re certainly not alone. What does it mean that the yield curve inverted? Are we …
WeWork WeWork IPO: This Accounting Rule Change is ‘Crushing’ the Company’s FinancialsFortune - Anne Sraders The company now known as The We Company finally dropped their IPO filing on Wednesday—and boy oh boy, was it a lot to unpack. While investors and …
Finance ‘A Mess Any Way You Look at It’: 5 of the Weirdest Things in the WeWork IPO FilingFortune - Ellen Florian Officially known as The We Company, the startup dropped its hotly anticipated IPO filing Wednesday and it didn't take long for corporate governance …
Finance Home-Buying Startup Flyhomes Lands $141M in New FinancingFortune - Rey Mashayekhi Flyhomes has found success as part of a wave of tech-enabled startups aiming to transform the way Americans buy and sell their homes. Now, the …
WeWork Due to An Unusual Clause, WeWork Founder Could Make Millions if the Company Hits a Market Cap of $90 BillionFortune - Lucinda Shen Even as the company behind WeWork, the We Company, seeks to attract even more investors through its initial public offering, its $47 billion …
Finance 4 Fast-Growing Companies for Investors Hunting for BargainsFortune - Ryan Derousseau Fears of a domestic slowdown and the escalation of the U.S.-China trade war created plenty of headaches for shareholders this summer. But even after …
Jeffrey Epstein Autopsy Raises Questions Around Jeffrey Epstein’s Jail Cell DeathFortune - Shirley Zhao, Bloomberg An autopsy found that Jeffrey Epstein sustained multiple breaks in his neck bones, deepening the mystery surrounding his death last week, the …
World News The Inverted Yield Curve Looks Set to Go GlobalFortune - Masaki Kondo, Bloomberg The inverted yield curve looks set to be a global phenomenon, with major Asian debt markets primed to mirror the moves in Treasuries as fears grow …
WeWork Reading WeWork’s S-1 Is Like Staring Into Adam Neumann’s SoulFortune - Rey Mashayekhi One doesn’t have to read far into WeWork’s highly anticipated S-1 filing to get a sense of Adam Neumann’s lofty goals for his company. “Our mission is …
Recession Germany Is Hovering on the Edge of Recession. Here’s Why That Spells Trouble for the Rest of EuropeFortune - Bernhard Warner Germany, the engine of Europe, is sputtering. And it could take the continent down with it. Caught in the crossfire of a global trade war and …
Finance What Is an ‘Inverted Yield Curve’? And Why Is It Being Blamed for the Dow’s 800+ Point Loss?Fortune - Erik Sherman Alarms were going off in the stock market today. And what pulled the cord was a slight change in the interest rates of Treasurys. Early Wednesday …
Tech Industry Overstock Shares Tumble 36% After CEO’s Comment on the ‘Deep State’ and the ClintonsFortune - Jeran Wittenstein, Bloomberg Overstock shares fell for a third day Wednesday as investors reacted to statements by Chief Executive Officer Patrick Byrne that he was a part of …
Finance A Key Change to Mortgage Lending Rules Is Coming in 2021. Here’s What That Could MeanFortune - David Z. Morris In late July, the Consumer Financial Protection Bureau announced that it will allow the expiration of the so-called “GSE Patch.” The patch is an …
Finance Stocks Fall Sharply After Bond Market Warns of RecessionFortune - Stan Choe, The Associated Press Stocks fell sharply Wednesday after the bond market threw up another warning flag on the economy. The yield on the 10-year Treasury briefly dropped …
Finance Are Credit Card Companies the Key to Stopping Mass Shooters? These Visa Shareholders Think SoFortune - Ellen Florian Visa shareholders have a message for management: They don’t want blood on their hands. Shareholder proposals have pushed companies to adopt reforms …
Finance ‘Negative’ Interest Rates Used to be Unthinkable in the U.S.—Not AnymoreFortune - Erik Sherman In a global game of interest rates that have dipped below zero for the European Central Bank (ECB), France, Germany, and Japan, there's always more …
WeWork 5 Things to Watch for as You Read WeWork’s IPO FilingFortune - Anne Sraders The company now known as The We Company filed confidentially to go public back in April, but accelerated releasing its Securities and Exchange …
Viacom In CBS-Viacom Merger, Boutique Investment Banks Will Share Up to $70 Million in FeesFortune - Matthew Monks, Bloomberg CBS and Viacom primarily relied on boutique investment banks to help put together their long-awaited $11.7 billion merger. Centerview Partners …
Finance How Are Wall Street’s Biggest Banks Doing When it Comes to Diversity? Congress Is Not ImpressedFortune - Rey Mashayekhi The House Financial Services Committee has spoken—and it says Wall Street needs to step up when it comes to including women and minorities. After …
