A former WeWork executive who made $300,000 and is now suing describes strange cult-like culture, including endless flows of alcohol at mandatory sleepover camp for employees and the CEO's children on his lap during an all-hands meeting

In February 2019, Richard Markel was a flourishing WeWork executive, making roughly $300,000 per year as the company's vice president of West Coast construction, managing a team of 75. But when he came into work one morning, he discovered something odd. … [+11578 chars]

'This is now a new era': A Wall Street quant guru says FOMO is driving 'very strange' behavior in markets — and describes how he's positioned to profit from the anomaly

Today's market environment is anything but normal. Stocks are a hair's breath away from all-time highs, unemployment is hovering near a 50-year low, and gross domestic product is growing at a healthy clip. Yet the Federal Reserve just cut interest rates fo… [+3287 chars]

An app that promises to treat a common and debilitating condition just got $8 million to break into the US market — and it's the latest sign of how tech is reshaping healthcare

Back pain is one of the most common medical problems in the US. And treating it costs at least $50 billion a year. Roughly half of all working Americans say they have back pain symptoms each year, and it's the third most common reason for visits to the doc… [+5438 chars]

Billionaire Oracle cofounder Larry Ellison calls embattled WeWork 'almost worthless'

Billionaire Oracle cofounder and CTO Larry Ellison called WeWork "almost worthless" in a scathing indictment of the embattled office co-working company. He made the statement during a meeting with entrepreneurs at his Pacific Heights home in San Francisco,… [+2457 chars]

WeWork just lost another executive as the chief investment officer of its real-estate fund resigns

WeWork real estate investment fund chief investment officer Wendy Silverstein resigned from the company last week, The Real Deal's David Jeans and Kathryn Brenzel reported on Friday. Silverstein confirmed her resignation with the publication in an intervie… [+462 chars]

A billionaire agreed to pay off my student loans in full. Here’s what it was like — and how I plan to pay it forward.

When I was in high school, my guidance counselor told me that a Morehouse College education was out of my reach. It didn't matter that I showed promise as a leader and a scholar, or that I had been wearing suits to my New York City school since the seventh gr… [+6458 chars]

Oil Tycoon T. Boone Pickens left behind an incredible letter about the best life lessons he learned, and every line is a must-read

In a message he wrote shortly before dying, legendary oil magnate T. Boone Pickens recalled the lessons he learned on how to succeed in business and in life after nearly a century on Earth. The oil prospector died on September 11 at 91. Pickens made his bi… [+7647 chars]

100 bottles of Champagne, 35 ounces of caviar, and a 255-foot superyacht: Here's what it takes to throw a party for millionaires and celebs at the Monaco Yacht Show

Monaco, a city-state on the French Riviera, is famous for hosting glamorous events such as the Monaco Yacht Show and the Monaco Grand Prix. Thanks to these glitzy events and its reputation as a tax haven, the tiny country has become a magnet for the ultra-… [+5217 chars]

Bill Gates' quiet summer of learning to BBQ, recommending books, and working a shift at Dairy Queen was interrupted by 2 scandals

In some respects, this was a typical summer for Bill Gates. He published his annual summer reading list, visited Dairy Queen with his friend and colleague Warren Buffett, and continued tweeting about global health concerns. Gates also had some unusually ba… [+578 chars]

Inside the Peloton roadshow stop in New York where investors snapped selfies with star instructors and took turns riding the $2,000 bike

A line of suit-wearing money managers snaked outside the ballroom of the Lotte Palace Hotel in midtown Manhattan on Thursday, where buzzy exercise company Peloton was set to give its IPO pitch. But many weren't there to press Peloton CEO John Foley or CFO Jil… [+3688 chars]