SoftBank has decided to bail out troubled office space startup ‘WeWork’. The Japanese multinational firm has expelled former founder of the We company Adam Neumann with a massive $1.7 billion payout. This deal will give Softbank the total ownership of WeWork. The potential valuation of ‘WeWork’ is supposed to go down to 8 billion dollars […]

The US stock market is not performing well from last few days because of weird geopolitical situation trump administration has created with many countries. The trade war which was started with China has not got an ugly turn, and many analysts are worried about the US economy. Now recent reports show that Trump has warned […]

Currently, the situation is not good for any retail business holder in the USA due to which many retail companies are filing for bankruptcy. Now according to latest reports Payless which is a footwear retailing company has decided to close down all of its stores in the USA because of weak financial position. The growth […]

Deutsche Bank is facing a severe actions from law enforcement authorities. According to the latest reports, the Frankfurt headquarters of the bank was raided by law enforcement authorities, citing allegations that the bank was involved in some money laundering activities. The action comes as a part of the action from the public prosecutors of Germany, […]

Oil prices have not had the best fate in the previous year and it’s going worst. On Friday, it was reported that the oil prices fell down by another 7%, bringing the actual amount down to one of the smallest figures seen in a period of a year. This does not come as a surprise, […]

Alibaba has been known for setting records in the world of online shopping. Last year, on Singles Day, the Chinese giant had registered sales worth $25.3 Billion. This year, the company has managed to break it again and register at a whopping $30.8 Billion. It means that Alibaba website was able to make sales worth […]

SoftBank is aiming for something big and the IPO it is going to conduct soon would be the gateway to all the stuff. The company announced on Monday that it would be selling stocks worth 2.4 Trillion yen, which equals to $21 Billion approximately. This is going to be one of the biggest IPOs the […]