A Chinese delegation led by Vice Premier Liu He could be sent before month's end to iron out phase one, a source tells CNBC's Kayla Tausche.Marketsread more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Online travel company Booking Holdings has dropped out of Facebook's libra, joining a growing list of firms who have exited the embattled cryptocurrency project.Technologyread more
"But I expect we'll have a deal," Mnuchin tells CNBC.Politicsread more
Kohl's stores are getting a bit of a refresh, and are being infused with new brands, ahead of this holiday season.Retailread more
Apple will release the iPhone SE2 early next year for $399, analyst Ming-Chi Kuo says.Tech Driversread more
State polls show that Trump's standing has weakened in some states hurt by the trade war.2020 Electionsread more
Sanders, who is recovering from a heart attack, reveals the new tax plan a day before the third Democratic debate.2020 Electionsread more
Investors are set to scrutinize results from Goldman Sachs and J.P. Morgan Chase as banks report third-quarter results starting Tuesday.Financeread more
Morgan Stanley slashed its price target on Netflix to $400 per share from $450 per share, but kept its overweight rating on the stock.Pro Analysisread more
There are at least 10,000 Islamic State prisoners in several camps across northeastern Syria, according to Kurdish and U.S. officials.Politicsread more
The We Company, WeWork's parent company, named spiraling losses and the unpredictable real estate market as risk factors in its newly released IPO prospectus Wednesday, but comments from CEO Adam Neumann may generate some risks of his own.
Neumann gave interviews to Business Insider and Axios in May, just months before WeWork's S-1 became public. Those interviews are listed in WeWork's S-1 as potential risks to its business, as they may violate the Securities and Exchange Commission's IPO quiet period rules, which prevent companies from making certain public statements ahead of an initial public offering.
As the SEC states, the quiet period "extends from the time a company files a registration statement with the SEC until SEC staff declare the registration statement 'effective.'" WeWork announced in April that it had filed confidentially for an IPO in December 2018.
In both articles, Neumann and other WeWork executives discussed the company's "business strategy and results," the filing states. The company denied violating quiet period rules and said it would "vigorously" contest any claims that it committed a Securities Act violation.
"We do not believe that our involvement in the May 2019 online news articles or other news articles constitutes a violation of Section 5 of the Securities Act," WeWork said in its S-1 filing.
If a court decided that WeWork violated quiet period rules, the company said it would be required to repurchase all shares sold in its IPO at their original purchase price for one year following the violation, "plus statutory interest."
WeWork urged investors to refer to its IPO prospectus, not recent news articles, when evaluating the company.
Tech companies are no stranger to flirting with the SEC's quiet period rules. Google raised similar concerns when co-founders Larry Page and Sergey Brin gave Playboy magazine an interview in the lead up to the company's 2004 IPO.
Similarly, Match Group-owned Tinder caught flack after CEO Sean Rad gave a controversial interview to the London Evening Standard the night before its 2015 IPO. In 2004, the SEC forced Salesforce to delay its IPO after CEO Marc Benioff spoke to the New York Times during the quiet period.