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...Perhaps he envisages opening shared offices in apartment complexes for home workers, or some such wheeze. One thing is clear: he is not afraid to dream big, branded property dreams....
...Plus, WeWork’s former CEO Adam Neumann is trying to buy the company out of bankruptcy....
...People are working from homes. They’re not really going into offices. And it has leases in this sort of overexposed areas, which I think is what they’ve tried to rein in....
...As America’s largest home-improvement retailer, Home Depot is often seen as a proxy for the US housing market....
...Here’s more on Neumann’s campaign for control of WeWork....
...It is possible that expensive, at-home exercise equipment was a lockdown fad while cars were a necessity. But equity and credit investors failed to perceive this difference three years ago....
...Not only has the operating margin recovered but chief financial officer Spencer Neumann is predicting a margin of up to 24 per cent this year — a new high for the company....
...In the end, Biden’s fate in Wisconsin could come down to whether disgruntled voters such as Jose and Rosales go to the polls, or stay at home....
...Airbnb’s profits more than doubled in the first quarter, boosted by an early Easter holiday, but the home rental platform forecast lower than expected sales and earnings for the second....
...“Our historical bias is to build and not buy,” said Spencer Neumann, chief financial officer, in a video call with analysts....
...The massive shift towards working from home is bad for both sides. WeWork’s occupancy rates this year have hovered just above 70 per cent....
...Because there is a sense that without further policy support, the economy will struggle to reach 5 per cent next year organically,” Neumann said....
...A serviceable if unspectacular seven-part series, it’s set in a fictional Irish town that’s home to a disturbing cold case and some very frosty locals....
...In some senses, Neumann himself was highly attuned to these cultural shifts....
...Neumann was ousted from WeWork in 2019 after it racked up billions of dollars in losses....
Creators of sham content are finding a profitable home on various platforms
...Sales of higher-margin discretionary items like home decor were down 12 per cent....
...The deals with plaintiffs are likely to reshape business practices that have frozen most sales commissions at close to 6 per cent of a home’s price....
...Notionally, these people now work from home, but much of their work is not actually done from home....
...Here’s what else I’m keeping tabs on today: Economic data: The Case-Shiller index’s 20-city composite is expected to show home prices rose 6.7 per cent annually in February, up from 6.6 per cent in January...
...“Employees will never feel at home at a company that doesn’t have even a little bit of warmth,” wrote one user on the social media platform Weibo, on which Qu’s comments are trending....
...Analysts said these programmes would boost the construction industry and developers, especially if they involved buying up incomplete or unsold homes....
...A provincial mad-eyed Rasputin-type, he soon has Elena under his thrall and moves from home maintenance to directly influencing domestic policy and foreign affairs....
...Sales at Berkshire’s home building group, which includes the modular home builder Clayton Homes and roofing maker Johns Manville, also rose....
...However, their plans to rent their homes to tourists at high prices during the sacrosanct French August holiday period are being dashed as supply outstrips demand....
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