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WeWork tries to put optimistic spin on losses, but notes more trouble lies ahead

Chicago’s troubled office market got more bad news when co-working giant WeWork announced Tuesday that “substantial doubt exists about the Company’s ability to continue as a going concern.” The New York City-based company is losing hundreds of millions each quarter, and is low on cash, according to its quarterly earnings report. WeWork occupies nine Chicago locations spread across the Loop, . ....

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Oil Climbs, Stocks Fall in Muted Trading

Some traders brace for risks in Thursday’s inflation data ....

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WeWork doubtful on staying in business | The Manila Times

NEW YORK CITY: WeWork is warning there s substantial doubt about its ability to stay in business over the next year because of its financial losses and its need for cash, among other factors. ....

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BBCNEWS Asia Business Report June 4, 2024 23:33:00

Streaming tier in october, and will move to crack down on password sharing, just like its rival netflix earlier this year. shares in co working firm wework have shed almost 40% in a day after the company warned that it could go bankrupt. wework citied financial losses, cash needs and a drop in membership. shares in wework are currently trading around 13 cents the softbank backed company has been in turmoil ever since 2019, no thanks to its hefty losses and lapses in corporate governance. over to india now where the central bank is due to unveil its latest monetary policy decision later today. the inflation rate accelerated injune, with food prices soaring in the last two months. so much so that tomato prices have rocketed they now cost around ten times more from three months ago. earlier, i spoke to economist radhika rao, who gave her take on how she expected the central ....

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WeWork Says There's 'Substantial Doubt' About Ability To Stay In Business

WeWork is dealing with canceled memberships and continued losses as it struggles to stay afloat. ....

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