Fed to the Rescue; WeWork’s Failure to Launch


he Fed will likely cut interest rates this week, but what does that mean for you?

Down for the Rely

“Am I the one one I do know / Waging my wars behind my face and above my throat.” — “Migraine,” Twenty One Pilots

My apologies, Nice Stuff readers. I’m indisposed in the present day.

Somebody gave my internal voice a jackhammer and an icepick. After I discover out who, we’re going to have phrases.

Migraine or no, I nonetheless managed to seize a number of headlines of curiosity this morning, so right here goes:

  1. Failure to launch: In a transfer all of us noticed coming, WeWork is delaying its preliminary public providing. Apparently, even floating the concept of a mere $10 billion valuation wasn’t sufficient to drum up curiosity in an actual property firm with $1.9 billion in losses final yr.
  1. So, you’re telling me there’s an opportunity: The CME FedWatch Instrument is projecting a 90% probability that the Federal Reserve will lower rates of interest at this week’s assembly — as if you happen to had been anticipating anything at this level. Nonetheless, I’d like to see what President Trump’s Twitter would appear to be if Fed Chair Jerome Powell decides to not lower charges this week.
  1. Return of the dwelling lifeless: Ailing-fated movie show subscription firm MoviePass Inc. formally shut down operations this weekend. Shares of guardian firm Helios and Matheson Analytics Inc. (OTC: HMNY), which as soon as traded as excessive as $5,100, now hover close to $0.0014. However somebody is seeking to resurrect the corporate. Ted Farnsworth, former Helios chairman and CEO, says he nonetheless believes there’s “nice unrealized worth in MoviePass.” To cite Gnarls Barkley: “I believe you’re loopy.”

That’s it for in the present day whereas I recuperate. However, you may nonetheless try among the greatest monetary information of the previous week by visiting the Nice Stuff web site — which is way simpler than scouring your inbox for previous editions.

Or, if you’d like a very higher and extra productive method to spend in the present day, you can watch each single presentation from the 2019 Whole Wealth Symposium!

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Nice Stuff will probably be again tomorrow along with your irregularly scheduled programming.

Till subsequent time, good buying and selling!

Regards,

Joseph Hargett

Nice Stuff Managing Editor, Banyan Hill Publishing





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