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Launching Into 2021's Second Half

  • Launching Into 2021's Second Half Launching Into 2021's Second Half 7:22
7:09 a.m. Oct. 21, 2021 - By Steve Gelsi
WeWork shares rise in trading debut after SPAC merger closesWeWork Inc. moved into positive territory on Thursday, as shares climbed 7.9% to $11.20 in their first day of public trading. The company has completed its previously announced merger with the special purpose acquisition company BowX Acquisition Corp. SoftBank, which has taken an $8.2 billion write-down for its investment in the company, currently holds a 56% equity stake in WeWork. As announced in March, the merger between BowX and WeWork valued the company at about $9 billion and provided $1.3 billion of cash to WeWork, which rents out office space to gig workers. WeWork executive chairman Marcelo Claure said SoftBank "is proud to support WeWork" and that the company "is leading one of the biggest disruptions in commercial real estate with a workspace solution that has never been more in demand."
4:09 a.m. July 12, 2021 - Barrons.com
Launching Into 2021's Second HalfBarron's reporters Carleton English, Al Root and Lisa Beilfuss break down bank earnings, inflation concerns and hawkish rhetoric from the Fed, respectively. Plus, the latest on the billionaire space race and a top tech CEO's unique take on the cloud.
2:23 a.m. March 26, 2021 - By Tomi Kilgore
WeWork to go public through merger with BowX Acquisition: WSJWeWork will be going public after the flexible office space company has agreed to merge with special purpose acquisition company BowX Acquisition Corp. in a deal valuing WeWork at $9 billion, including debt, according to . BowX shares rallied 4.8% in premarket trading. WeWork would raise $1.3 billion in the deal, including $800 million in private investment in public equity (PIPE) from Insight Partners, funds managed by Starwood Capital Group, Fidelity Management and others, the WSJ report said. In 2019, an investment from Japan-based technology investor Softbank Group Corp. had valued WeWork at $47 billion, the report said. An through a more traditional public offering had failed, as Adam Neueman resigned as chairman and chief executive and as WeWork closed locations and slashed its workforce as the COVID-19 pandemic sapped demand for office space. The WSJ had that WeWork was in talks with a SPAC associated with Bow Capital. BowX's stock, which went public in October 2020, has lost 5.1% year to date through Thursday, while the Renaissance IPO ETF has shed 6.4% and the S&P 500 has gained 4.1%.
8:32 a.m. Feb. 9, 2021 - By Michael Ashbaugh
Charting a grinding-higher breakout, S&P 500 tags latest record peak Focus: Energy sector and airlines stage tandem breakout attempt, XLE, JETS, LOW, NET, MSITechnically speaking, the major U.S. benchmarks continue to trend higher amid a bullish February start, writes Michael Ashbaugh.
8:10 a.m. Feb. 9, 2021 - By Michael Ashbaugh
Charting a grinding-higher breakout, S&P 500 tags latest record peak Focus: Energy sector and airlines stage tandem breakout attempt, XLE, JETS, LOW, NET, MSITechnically speaking, the major U.S. benchmarks continue to trend higher amid a constructive February start. Against this backdrop, each big three benchmark has concurrently registered record highs, knifing from major support to previously uncharted territory.
8:28 a.m. Dec. 8, 2020 - By Michael Ashbaugh
Charting a slow-motion breakout: S&P 500 challenges 3,700 mark Focus: Retail sector extends break to record highs, Apple sustains trendline breakout, XRT, AAPL, FFIV, SAIL, EMR, PDCOTechnically speaking, the S&P 500 has rallied to press the 3,700 mark, while the Nasdaq Composite vies to extend a more aggressive breakout, writes Michael Ashbaugh.
7:59 a.m. Dec. 8, 2020 - By Michael Ashbaugh
Charting a slow-motion breakout: S&P 500 challenges 3,700 mark Focus: Retail sector extends break to record highs, Apple sustains trendline breakout, XRT, AAPL, FFIV, SAIL, EMR, PDCOTechnically speaking, the U.S. benchmarks continue to trend higher, rising amid rotational price action, and persistent late-year strength. Against this backdrop, the S&P 500 has rallied to press its latest round-number milestone — the 3,700 mark — while the Nasdaq Composite vies to extend a more aggressive break to all-time highs.
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