Multibillion-dollar WeWork takeover completedPosted: Updated:
As Tesla gets ready to report its earnings, investors and analysts are watching for an update on its Shanghai plant. The automaker has reportedly been conducting trial runs on production at its brand-new $2 billion factory, with the goal of helping CEO Elon Musk's target of 500,000 car deliveries a year.
Softbank's takeover of WeWork is official. The Japanese tech conglomerate will take an 80% stake in WeWork and provide the company with $5 billion in new financing. As part of the deal, co-founder and former CEO Adam Neumann is leaving the company but will remain a board observer.
Beleaguered aircraft maker Boeing says it still expects regulatory approval for the 737 Max in its fourth quarter. Boeing reported a big miss on quarterly earnings as it continues to deal with the fallout from its troubled 737 Max jet.