Business & Finance News
Uber Technologies Inc priced its initial public offering on Thursday at the low end of its targeted range to value the company at $82.4 billion, hoping the conservative approach would let it avoid the market chaos suffered by rival Lyft.
Uber Technologies Inc priced its initial public offering on Thursday at the low end of its targeted range to raise $8.1 billion, adopting a risk-averse stance toward the most high-profile U.S. listing since Facebook Inc seven years ago.
Billionaire entrepreneur Jeff Bezos, founder of rocket company Blue Origin, unveiled on Thursday a mockup of a lunar lander spacecraft and discussed missions to the moon in a strategy tailored to the U.S. government’s renewed push to establish a lunar outpost in just five years.
Wall Street Journal-owner News Corp reported a surprise quarterly profit on Thursday, driven by strong growth in earnings at its book publishing and subscription video services units.
General Electric Co shareholders offered their latest endorsement of new Chief Executive Larry Culp this week when they approved a pay package that could net him up to $233 million down the road.
Uber drivers in London and major U.S. cities held a series of strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday’s blockbuster stock market debut.
Uber Technologies Inc is set to price its initial public offering on Thursday at the low end of its targeted range, a person familiar with the matter said, as the company adopts a risk-averse stance toward the most high-profile U.S. listing since Facebook Inc seven years ago.
Wall Street’s main indexes fell on Thursday ahead of critical trade negotiations between the United States and China, though they pared losses significantly after U.S. President Donald Trump said reaching a deal this week was possible.
Stock indexes around the world fell for a fourth day in a row on Thursday, though Wall Street closed above session lows after comments from President Donald Trump about U.S.-China trade talks a day before the United States was due to raise tariffs.
After a one-year pause, the hedge fund industry schmooze fest organized by Anthony Scaramucci, the investment manager who briefly served as President Donald Trump’s communications director, returned to the Las Vegas strip this week.
Wall Street’s main indexes fell on Thursday ahead of critical trade negotiations between the United States and China, though they pared losses significantly after U.S. President Donald Trump said reaching a deal this week was possible.
U.S. President Donald Trump said on Thursday he was taking steps to authorize new tariffs on $325 billion in Chinese imports as officials prepared for last-ditch talks to avert an escalation of a trade war that threatens to derail the global economy.
Stock indexes around the world fell for a fourth day in a row on Thursday, but Wall Street pared its losses after comments from President Donald Trump about U.S.-China trade talks a day before the United States was due to raise tariffs on Chinese goods.
The U.S. goods trade deficit with China, a focus of the White House’s “America First” agenda, shrank to its smallest in five years in March, which could embolden President Donald Trump as he escalates his trade war on Beijing.
Facebook Inc quickly rejected a call from co-founder Chris Hughes on Thursday to split the world’s largest social media company in three, while lawmakers urged the U.S. Justice Department to launch an antitrust investigation.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
