WeWork Downgraded by Fitch as Recession Fears Mount

(Bloomberg) — WeWork Inc. was downgraded one notch by Fitch Ratings as the office-sharing upstart continues to lose money and struggles to capitalize on a return-to-office push happening at companies globally. Most Read from Bloomberg Fitch lowered its rating on WeWork to CCC from CCC+ Friday, saying its challenges will only be exacerbated in the … Read more

Redfin Sinks After Real Estate Company Is Downgraded Over ‘Flawed’ Model

(Bloomberg) — Redfin Corp. sinks to a fresh record low after an Oppenheimer analyst downgraded the stock and said the real estate company’s model is “fundamentally flawed.” Most Read from Bloomberg Shares plunge as much as 18% on Monday to $3.32, as Oppenheimer’s Jason Helfstein cut his recommendation to underperform from a hold-equivalent rating. He … Read more

Murder charges downgraded in fatal stabbing of Edmonton high school student

The cousin of an Edmonton teen who was stabbed to death outside his high school last April says the family is “frustrated and disheartened by the judicial process” after the Crown reduced second-degree murder charges against six of the accused. The six are now charged with manslaughter. One 14-year-old boy remains charged with the second-degree murder … Read more

Jonah Jackson downgraded to doubtful, Detroit Lions ‘all hands on deck’ on OL

It’s looking more and more like the will be without their entire starting interior offensive line for The Lions downgraded left guard Jonah Jackson to doubtful on Saturday, making it likely he will miss the game along with center Frank Ragnow and right guard Halapoulivaati Vaitai. Vaitai is out indefinitely after undergoing back surgery last … Read more

Time To Worry? Analysts Just Downgraded Their Ranpak Holdings Corp. (NYSE:PACK) Outlook

Today is shaping up negative for Ranpak Holdings Corp. () shareholders, with the analysts delivering a substantial negative revision to this year’s forecasts. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic. Following the latest downgrade, the four analysts covering Ranpak Holdings provided … Read more