Day: September 10, 2019
WeWork is worth 70% below where it last raised money, NYU’s ‘dean of valuation’ says
CEO of WeWork Adam Neumann Getty Images WeWork is worth just a fraction of where it was raising money in private markets, according to a widely followed valuation expert. Aswath Damodaran, professor of finance at the Stern School of Business at NYU, who is sometimes called the “dean of valuation,” analyzed the start-up’s prospectus filed …
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Morning Star Candlestick: A Forex Trader’s Guide
The Morning Star candlestick is a three-candle pattern that signals a reversal in the market and can be used when trading forex or any other market. Correctly spotting reversals is crucial when trading financial markets because it allows traders to enter at attractive levels at the very start of a possible trend reversal. This article …
USD/CAD Outlook: Strong Bearish Signal Expected on Close Below Daily Cloud / Fibo Support at 1.3163/55
The pair extends weakness and is on track for close below cracked Fibo support at 1.3155 (Fibo 61.8% of 1.3015/1.3382) and below daily cloud base (1.3163) as bears regain control after Monday’s strong downside rejection and failure to close below cloud base. Bearish daily studies are supportive for further weakness, as deeply oversold stochastic continues …
September Flashlight for the FOMC Blackout Period
Executive Summary Coming off the first rate cut in a decade, the Federal Reserve Open Markets Committee (FOMC) heads into its September meeting with financial markets not so much considering whether it will cut rates again, but rather by how much and what it will provide in the way of forward guidance. At a speech …
US job openings decline for second straight month
Recruiters and job seekers are seen at a job fair. Rick Wilking | Reuters U.S. job openings fell for a second straight month in July amid decreases in wholesale trade and the federal government, which could bolster economists’ views that job growth has peaked. Job openings, a measure of labor demand, slipped by 31,000 to …
Amazon is hiring over 30,000 workers in these 6 US cities
Amazon wants to add 30,000 people to its workforce, and it’s putting on major hiring events in six cities to recruit. Amazon Career Day will be held Tuesday, Sept. 17, in Arlington, Virginia (the company’s newly-minted second U.S. headquarters); Boston; Chicago; Dallas; Nashville and Seattle. The e-commerce giant is hiring for permanent jobs that range …
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