WeWork will restate earnings of SPAC sponsor BowX

Marcelo Clore, Chairman of WeWork, Inc. , speaks during an interview at WeWork’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, US, October 21, 2021. Brendan McDermid | Reuters Just over a month after it debuted on the public market, WeWork has already run into a snag with … Read more

China’s Didi asked to delist from U.S., SoftBank shares fall: Report

A navigation map on Chinese mobile transportation giant Didi’s app appears in front of the app’s logo displayed in this illustration taken on July 1, 2021. Florence Low | Reuters GUANGZHOU, China – SoftBank shares extended losses Friday after Bloomberg reported that Chinese regulators had asked Didi executives to formulate a plan to delist from … Read more

Japan’s Nikkei 225 drops more than 2% as Asia-Pacific markets slip amid renewed Covid fears

SINGAPORE – Shares in the Asia-Pacific region fell in trading on Friday, with Japanese shares leading losses regionally. Japan’s Nikkei 225 is down 2.37% as SoftBank Group shares are down more than 4% while Topix is ​​down 1.86%. The Hang Seng in Hong Kong also saw significant losses as it fell 1.73%. In China, the … Read more

India’s Paytm makes stock market debut

A man exercises in a gym near the barcode of Paytm, an Indian mobile-based digital payment platform, in New Delhi on November 18, 2021. Sajjad Hussain | AFP | Getty Images Shares in India’s Paytm plunged 24% on its first trading day, as investors questioned the money-losing digital payments company’s business model even though it … Read more

WeWork (WE) reports Q3 2021 earnings

The New York Stock Exchange welcomes WeWork, Inc. (NYSE: WE), today Thursday, October 21, 2021, in celebration of its inclusion. To honor the occasion, Sandeep Matherani, CEO, Marcelo Clore, Chairman, and joined by New York Stock Exchange President Stacey Cunningham, ring The Opening Bell®. NYSE WeWork shares were slightly positive in premarket trading on Monday … Read more

China October economic data releases ahead

SINGAPORE – Shares in the Asia-Pacific region rose in early morning trading on Monday as investors looked ahead to expected Chinese economic data later in the day. Japan’s Nikkei 225 rose 0.61% in early trading as SoftBank Group shares jumped 2%. Topix rose 0.65%. Preliminary estimates released on Monday showed Japan’s gross domestic product shrank … Read more

Tech shares on Wall Street see overnight bounce

Stock Picks and Investment Trends from CNBC Pro: Japan’s Nikkei 225 is up 1.01% while Topix is ​​up 1.19%. In South Korea, the Kospi rose 1.22%. Australian shares were also higher, with the S&P/ASX 200 index up 0.96%. MSCI’s broadest index of Asia Pacific shares outside Japan was trading 0.52%. Overnight, the Nasdaq Composite rose … Read more

$47 billion valuation went to his head

Adam Newman, CEO of WeWork. Eduardo Munoz | Reuters Adam Newman, CEO of Ousted WeWork, said the company’s $47 billion private valuation went to his head, in his first interview since leaving the company in 2019 amid a failed initial public offering. He told CNBC’s Andrew Ross Sorkin in The New York Times DealBook Summit … Read more

SoftBank Group up after share buyback plan

SINGAPORE – Shares in the Asia-Pacific region rose on Monday, following overnight gains on Wall Street that pushed major indexes to record closing levels. Meanwhile, bitcoin has hit a record high. Shares of Japanese giant SoftBank Group rose 10.1% after the company announced on Monday a plan to buy back up to 1 trillion yen … Read more

Tesla, Regeneron, Caterpillar and more

Check out the companies making headlines before the bell: Tesla (TSLA) — Shares of the automaker fell 4.3% in premarket trading after CEO Elon Musk asked his Twitter followers if he should sell 10% of his shares in the company. Regeneron Pharmaceuticals (REGN) — The drug company’s shares rose 2% after Regeneron said a single … Read more