China’s answer to electric-car maker Tesla is struggling as it burns cash amid stalling sales. Katrina Hamlin and Jeffrey Goldfarb talk about Nio’s options, and whether a tie-up of some kind with Warren Buffett-backed BYD might make some sense for both…
Oct 3 – Tesla’s sales of electric cars again fell short of 100,000 in the third quarter, though up on the prior period. That probably means another loss, Antony Currie says, unless boss Elon Musk has cut costs and investment further – and that carries …
Oct 2 – Ecuador is leaving the 14-country bloc to increase oil revenue for its struggling economy. As one of the group’s smallest members, its exit might not seem that impactful. But Anna Szymanski explains it’s another signal to Saudi Arabia and the r…
Silicon Valley backers are schooling startups in how to go to market without the pitfalls of an IPO. It’s true that traditional listings bring fees and pricing dilemmas. But a bigger threat to capital markets is companies like WeWork that just aren’t r…
Sept 30 – New share issues are down almost one-fifth globally, but recent slip-ups in the market for new listings owe more to companies’ self-made problems. WeWork, Peloton and Endeavor all hit trouble last week. Jennifer Saba explains why their quirks…
The iconic UK travel firm has collapsed without a rescue deal. Sharon Lam and Pete Sweeney discuss why the bailout attempt, which would have included 450 million pounds from Fosun Tourism, fell through, and how big of a setback this is for the Chinese …
Japan’s SoftBank may put more money into office-share group WeWork despite a sliding valuation and the recent ouster of founder Adam Neumann. It’s a vote of confidence, but SoftBank has other things than financial returns to consider, Robert Cyran argu…
Altria’s stake in troubled vaping startup Juul may have helped burn the cigarette maker’s talks for a $187 bln reunion with rival Philip Morris, explains Robert Cyran. But if Juul’s value keeps falling, Philip Morris may find buying Altria too addictiv…
The Supreme Court slapped down Prime Minister Boris Johnson, declaring unlawful and void his shutdown of parliament in the runup to the Oct. 31 deadline for leaving the EU. The unanimous decision was dramatic, but Peter Thal Larsen says it doesn’t much…
WeWork CEO Adam Neumann is facing investor pressure to relinquish his role at the office-share company, Reuters reported – a sign that his iron grip is loosening. It’s reminiscent of what happened at ride-share company Uber. But WeWork looks more chall…