EU ambassador to be deposed as impeachment inquiry rolls on

For only the fourth time in U.S. history, the House of Representatives has started a presidential impeachment inquiry. House committees are trying to determine if President Donald Trump violated his oath of office by asking a foreign country to investigate a political opponent.Here’s a quick summary of the latest news.WHAT YOU NEED TO KNOW— House…

WeWork is supposedly in talks with SoftBank about a $1 billion lifeline – Organisation Insider Nordic

Getty WeWork is in talks with SoftBank about a $1 billion lifeline after shelving its IPO this month, according to the Financial Times. SoftBank, which has plowed more than $9 billion into the shared workspace group, is considering investing the extra funds on top of $1.5 billion it has already committed. WeWork shelved its IPO…

An alliance of major investors overseeing $2.4 trillion has committed to making portfolios entirely carbon-neutral by 2050

Reuters A group of pension funds and insurers responsible for $2.4 trillion in investments committed on Monday to making their portfolios carbon-neutral by 2050.  The group, called the United Nations-convened Net-Zero Asset Owner Alliance, was organized by the UN and coincides with its Climate Action Summit.  A number of companies have made environmental pledges recently,…

Want to crush competitors? Forget SoftBank, Blackstone suggests; it can write $500 million checks, too

Back in January, Blackstone — the investment firm whose assets under management surpassed a jaw-dropping half a trillion dollars earlier this year — quietly began piecing together a new, growth equity platform called Blackstone Growth, or BXG. Step one was hiring away Jon Korngold from General Atlantic, where he’d spent the previous 18 years, including…

The Dow plunges more than 500 points as weak economic data reignites recession fears

Stocks plunged on Wednesday as new economic data on hiring and manufacturing sparked concerns that the US economy could be headed for a slowdown. The ADP Research Institute said private employers added 135,000 jobs in September, falling below the 140,000 forecasted by economists surveyed by Bloomberg. The weak hiring data came on the back of…

New botnet nabs victims by sending 30,000 “sextortion” emails per hour

The Phorpiex (aka Trik) botnet has existed for almost 10 years. First developed to distribute various malware like Gandcrab, Pony, and Pushdo to email users for the purpose of turning victim accounts into hosts for fraudulent cryptomining operations, Phorpiex now has a new trick up its sleeve. Researchers at the Tel Aviv-based Check Point confirmed…

Apple Card isn’t reflected in your credit history … yet

News The Apple Card is still so new it’s not being reported to credit bureaus. Photo: Ed Hardy/Cult of Mac Any late payments made so far to an Apple Card account haven’t hurt your credit rating. Not yet, anyway. That’s because the bank that’s backing the card, Goldman Sachs, reportedly isn’t giving anyone’s payment history…

Intelsat, OneWeb Call the Whole Thing Off

The perfect merger among space companies turned out to be too good to be true. It was supposed to be the space merger to end all space mergers and create a giant of satellite communications. In February of 2017, Intelsat (NYSE:I) announced a complex, tripartite pact to merger its business with SoftBank (OTC:SFTBF) subsidiary OneWeb,…

Key rebel group halts direct peace talks with Khartoum

Juba (Reuters) – Peace talks between key rebel groups and the Sudanese government hit an obstacle on Wednesday when one major group said it will not sit down for direct talks with Khartoum until its demands are met. The Sudan People’s Liberation Movement-North, a rebel group in the states of Blue Nile and South Kordofan,…

Here’s Why Steel Stocks Erupted for Big Gains on Friday

The United States and China reached a partial deal in the ongoing trade war. What happened Shares of major steel stocks rose as much as 13.7% on Friday after the United States and China announced that they had agreed to a partial truce in the trade war. The “phase one” agreement will take weeks to…