Goldman Sachs Chief Executive David Solomon called WeWork's abandoned initial public offering (IPO) a great example of the listing process working on Tuesday, even if was "not as pretty as everybody would like it to be". Goldman was one of investment banks that would have led the IPO last year, after convincing the office space-sharing start-up it could improve on the $47 billion valuation in a private fundraising round it secured in January 2019. The IPO was canceled after investors raised questions about WeWork's valuation and corporate governance arrangements that gave its co-founder Adam Neumann too much control.
In an unpredictable market, dividend and distribution payments are one of the few things investors can reliably count on. Unfortunately, many stocks that have the highest dividend yields come with a catch. When a stock drops, dividend yields rise given they are calculated as a percentage of share price.
Zacks.com featured highlights include: Zumiez, Neurocrine Biosciences and Covanta
The rapid growth of digital assets and computer-driven investment advice has become a key challenge for regulators in trying to keep up with technological advances while seeking to protect investors, a U.S. markets regulator said on Monday. Robert Jackson, a commissioner at the Securities and Exchange Commision, said the agency was seeking to enact laws that facilitate the changes in technologies. One issue the SEC was grappling with was "robo advisors" - algorithms that help people make investment decisions.