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Key Words: T. Rowe Price admits WeWork was ‘a terrible investment’

In its annual 10-K report filed to the Securities and Exchange Commission on Thursday, T. Rowe Price laid out how its 2014 investment in the office-leasing startup ended up causing it “outsized headaches and disappointments.”.....»»

Category: topSource: marketwatchFeb 13th, 2020

"A terrible investment": T. Rowe Price fund labels WeWork a "debacle"

The investment team for one of T. Rowe Price Group Inc.'s funds says they are seeking to "learn from our missteps" in the aftermath of failed investments in WeWork that caused "outsized headaches and disappointments." Baltimore-based T. Rowe Price .....»»

Category: topSource: bizjournalsFeb 14th, 2020

"Outsized Headaches & Disappointment" - T Rowe Price Trounces "Terrible" WeWork Investment

"Outsized Headaches & Disappointment" - T Rowe Price Trounces "Terrible" WeWork Investment T Rowe Price tr.....»»

Category: blogSource: zerohedgeFeb 14th, 2020

"Terrible" WeWork bet caused us headaches: T. Rowe Price

Asset management firm T. Rowe Price Group Inc has called its investment in WeWork a "debacle" that caused the firm "outsized headaches and disappointments" and left it holding shares worth just a fraction of their original value......»»

Category: topSource: reutersFeb 14th, 2020

T.Rowe Price Calls WeWork "Terrible Investment"

T. Rowe Price Group Inc. (NASDAQ: TROW) regrets investing in WeWork in 2014, it said in a.....»»

Category: earningsSource: benzingaFeb 14th, 2020

T.Rowe Price Calls WeWork "Terrible Investment"

T. Rowe Price Group Inc. (NASDAQ: TROW) regrets investing in WeWork in 2014, it said in a filing with the SEC on Thursday. read more.....»»

Category: blogSource: benzingaFeb 14th, 2020

T. Rowe Price calls WeWork a "terrible investment" (TROW)

Jackal Pan/Visual China Group via Getty Images In an unusually frank letter, fund managers at T. Row.....»»

Category: topSource: businessinsiderFeb 13th, 2020

T. Rowe Price"s investment in WeWork is their fault: Walter Isaacson

CNBC's "Closing Bell" team discusses the problems plaguing WeWork with Walter Isaacson, advisory partner at Perella Weinberg and CNBC contributor, and Mike Isaac, technology reporter with The New York Times......»»

Category: realestateSource: cnbcFeb 14th, 2020

Key Words: Whoops! Top economist admits misfire in tech stocks — but he’s still not convinced the price is right

Mohamed El-Erian sounded the alarm on top-heavy stocks that are “stunningly decoupled from underlying corporate and economic fundamentals.” Now, the Allianz chief economic adviser is admitting to his mistake......»»

Category: topSource: marketwatchJul 30th, 2020

Key Words: Top economist admits misfire as tech stocks continue to surge — but he’s still not convinced the price is right

Mohamed El-Erian sounded the alarm on top-heavy stocks that are “stunningly decoupled from underlying corporate and economic fundamentals.” Now, the Allianz chief economic adviser is admitting to his mistake......»»

Category: topSource: marketwatchJul 30th, 2020

Rivian, the EV startup looking to challenge Tesla with electric pickups and SUVs, just raised another $2.5 billion in funding

Electric-vehicle upstart Rivian just closed a $2.5 billion round of funding, the company announced on Friday.  The investment was led by T. Rowe Price, which also led a $1.3 billion funding round in December.  Since last year, Rivian ha.....»»

Category: topSource: businessinsiderJul 10th, 2020

BJ"s Restaurants announces $70M investment from Act III, T. Rowe Price

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 1st, 2020

T. Rowe Price Invests $1.3 Billion In Rivian EV Startup As It Dumped Tesla In 2019

T. Rowe Price Invests $1.3 Billion In Rivian EV Startup As It Dumped Tesla In 2019 Baltimore-based T. Rowe Price Associates Inc. plowed nearly $1.3 billion in the latest investment round into electric vehicle (EV).....»»

Category: blogSource: zerohedgeDec 24th, 2019

Electric vehicle startup Rivian scores $1.3 billion investment from T.Rowe Price, others

Electric vehicle startup Rivian said on Monday it closed a $1.3 billion investment round, led by fund manager T. Rowe Price but also including existing investors online retailer Amazon.com Inc and No. 2 U.S. automaker Ford Motor Co......»»

Category: topSource: reutersDec 23rd, 2019

SoftBank"s Son admits mistakes after Vision Fund"s $8.9 billion loss

SoftBank plunged to its first quarterly loss in 14 years on Wednesday, dragged down by an $8.9 billion hit at its giant Vision Fund, as CEO Masayoshi Son admitted poor investment judgment and turning a blind eye to problems at startup WeWork......»»

Category: topSource: reutersNov 6th, 2019

Dow Jones Newswires: SoftBank books $4.7 billion loss due to WeWork investment

SoftBank said the loss represented the difference between what it considered the fair value of its wholly owned subsidiary’s stake in WeWork as of the end of September and the price at which SoftBank had purchased that stake......»»

Category: topSource: marketwatchNov 6th, 2019

Hedge Funds Have Never Been More Bullish On T. Rowe Price Group, Inc. (TROW)

We can judge whether T. Rowe Price Group, Inc. (NASDAQ:TROW) is a good investment right now by following the lead of some of the best investor.....»»

Category: topSource: insidermonkeyOct 11th, 2019

T. Rowe Price Equity Income Fund Semi-Annual Letter 2019

From Robert Sharps, group chief investment officerCheck out T Rowe Price Equity Income Fund Stock Picks » Download GuruFolio Report of T Rowe Price Equity Income Fund (Updated on 09/24/2019)Related Stocks: WY, DOW, QCOM, GE, WFC, OXY,.....»»

Category: blogSource: gurufocusSep 25th, 2019

T. Rowe Price to investors: "It"s not time to be a hero" in the stock market

T. Rowe Price investment leaders are cautiously optimistic about the second half of 2019 despite risks related escalating trade disputes and ongoing concerns about a possible recession......»»

Category: topSource: bizjournalsJun 20th, 2019

T. Rowe Price closure in Tampa to leave 169 without employment

T. Rowe Price (NASDAQ: TROW), a global investment management firm, said it anticipates that 169 employees will lose their jobs by the end of June as it prepares to fully shut down operations in Tampa. The firm announced in May 2018 that it planned .....»»

Category: topSource: bizjournalsApr 23rd, 2019

T. Rowe Price leads $125 million funding round for online pet care company

T. Rowe Price Group Inc. led a $125 million funding round for Rover.com, the money manager's latest investment into a growing online tech company. Rover.com is an online marketplace for pet care services like dog walking and pet sitting. Owings Mills v.....»»

Category: topSource: bizjournalsMay 24th, 2018