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WeWork Landlords Could See Steep Losses on Any Rejected Leases in Bankruptcy

Innovation may not be what big companies are best at, but no other kind of organization can operate at their scale. Apple, for example, is great at hardware and logistics, which is why it continues to gain smartphone and PC market share with its iPhone, Mac, and the accessories that make them more useful. Google is still great at search and ads, and was able to use its enormous cash flow to subsidize YouTube and build its mapping products -- both of which started as acquisitions -- says Mr. Bardin. Microsoft, in returning to its roots as an enterprise software company, has thrived under CEO Satya Nadella. But what's worrisome about OpenAI is that many of the same forces that allow big companies to be so dominant may be contributing to its need to partner early in its life with a company li

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The Stock Market Will Be Closed Tomorrow for Good Friday The U.S. stock market will be closed on Friday, April 7, reopening Monday. Bond trading will be open for a shortened session, closing at 12 p.m. ET. Bullard Plays Down Credit Crunch, Says Fed Must Fight Inflation Federal Reserve Bank of St. Louis President James Bullard said steps taken to ease financial strains were working and the central bank should keep raising interest rates to fight high inflation. IMF Warns Five-Year Global Growth Outlook Weakest Since 1990 The emergency lender sees the world economy expanding about 3% over the next half decade as higher interest rates bite, Managing Director Kristalina Georgieva said in a speech in Washington Thursday. That’s the lowest medium-term growth forecast since 1990 an

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Dow Jones · Markets 3mins By Greg Robb Cleveland Fed President Loretta Mester said she expects the central bank will have to raise interest rates further in order to bring down inflation. In my modal projection, to put inflation on a sustained downward trajectory to 2% and to keep inflation expectations anchored, monetary policy moves somewhat further into restrictive territory this year, with the fed funds rate moving above 5% and the real fed funds rate staying in positive territory for some time," Mester told a group of professional economic forecasters in a speech in New York on Tuesday evening The Cleveland Fed president said that there is "heightened uncertainty" surrounding the outlook in light of the recent stress on banks in the wake of the rapid collapse of Silicon Valley Bank.

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