As the fast-growing purveyor of shared work space prepares for an I.P.O., its filings lack some important insights. Source: NYT > Business – Peter Eavis
Peloton Is a Phenomenon. Can It Last?
Exercise manias like the Thighmaster and Tae Bo have all come and gone. Peloton is trying to defy that trend. Source: NYT > Business – Erin Griffith
G.E. Is Accused of Major Fraud, and Stocks Take a Beating
Plus, WeWork takes steps to go public, and investigations into the Jeffrey Epstein case continue. Source: NYT > Business – Charlotte Cowles
WeWork Takes Key Step Toward I.P.O., Citing Heady Growth and Huge Losses
A public offering by the firm, which leases shared office space, will be a major test of investors’ appetite for fast-growing but unprofitable start-ups. Source: NYT > Business – David Gelles
Saudi Aramco Reports $47 Billion Earnings in First Half of 2019
The release was a first in the long history of the secretive state-owned oil company, which appears to be far more profitable than its peers. Source: NYT > Business – Stanley Reed
With Saudi Aramco Set to Disclose Earnings, Could an I.P.O. Be Next?
The world’s largest oil producer stopped short of going public last year, but it may be about to revive its plans. Source: NYT > Business – Stanley Reed and Michael J. de la Merced