Category Archives: The Market

Alphabet Tests WeWork Business Model

“Google tells employees to share desks as it looks to cut costs” – TechSpot TechSpot reports it has seen an internal memo announcing a company-wide cost-saving measure in the form of sharing desk space areas. My first reaction was “WTF”, so I was pleased to see that the article began with this very exclamation asContinue reading “Alphabet Tests WeWork Business Model”

BIS warns of $80 trillion of hidden FX swap debt | Reuters

Didn’t even know this was a thing. The $80 trillion-plus “hidden” debt estimate exceeds the stocks of dollar Treasury bills, repo and commercial paper combined, the BIS said, while the churn of deals was almost $5 trillion per day in April, two thirds of daily global FX turnover. Source: BIS warns of $80 trillion ofContinue reading “BIS warns of $80 trillion of hidden FX swap debt | Reuters”

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme | Reuters

I cannot restrain myself – I must share this! In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc (TSLA.O) and space tourism company SpaceX of racketeering for touting Dogecoin and driving up its price, only to then let the price tumble. I love a goodContinue reading “Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme | Reuters”