Dec 11, 2019

WeWork's China rival files for U.S. IPO

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Tom Cotton says WeWork debacle is driving Americans toward socialism

WeWork founder Adam Neumann. Photo: Jackal Pan/Visual China Group via Getty Images

Sen. Tom Cotton (R-Ark.) last week told CNBC that the WeWork debacle is driving some Americans toward socialism.

The state of play: Cotton's argument is an unintentional critique of American capitalism, at least as codified by legislators like Cotton.

Go deeperArrowDec 20, 2019

China overwhelming the West in cities over a million people

Photo: Brendan Smialowski/AFP/Getty Images

This decade began just after a historic inflection point, with 51% of the world's population living in urban areas.

By the numbers: That proportion has continued to rise steadily, reaching 55% as of 2018. It's climbed faster in China, up from 48% to 59% — meaning an additional 180 million people are living in Chinese cities.

Go deeperArrowUpdated Dec 30, 2019

Elizabeth Warren's campaign says it raised $21.2 million in Q4

Photo: Scott Eisen/Getty Images

Elizabeth Warren's 2020 presidential campaign said Friday that it raised $21.2 million during 2019's fourth quarter.

Why it matters: It's a disappointing haul for the Massachusetts senator, who raised $24.6 million last quarter, and coincides with a sustained drop in her polling after she briefly challenged Joe Biden for frontrunner status in October.

Go deeperArrowJan 3, 2020