Lyft now expects to be valued at between $20 billion and $25 billion in its IPO, the sources said, adding that the roadshow is expected to last for about two weeks. The sources cautioned that the plans were still subject to change and market conditions.
StockMarketNews.Today Provides the Latest Stock Market, Financial and Business News. Everything You Need to Know About the Stock Market Today.
The world’s two largest economies began their latest round of trade talks this week to resolve a bitter dispute in which each has levied tariffs on imports from the other.
In an interview with Reuters, Williams estimated the Federal Reserve would continue trimming its bond portfolio well into next year. He also said he felt rates had reached his current view of a lower “neutral” level, with growth and unemployment leveling off and inflation, if anything, a bit weaker than hoped.
Glencore ( GLNCY ) plans to curb production at one of its biggest copper and cobalt mining operations, Mutanda Mining Sarl in Congo, according to people familiar with the matter, potentially taking a sizable portion of two important industrial metals out of circulation.
A New Round Of Talks Between The United States And China To Resolve Their Trade War Will Take Place In Washington On Tuesday
The talks are aimed at “achieving needed structural changes in China that affect trade between the United States and China. The two sides will also discuss China’s pledge to purchase a substantial amount of goods and services from the United States,” the White House said in a statement.
HSBC Holdings Turned In A Disappointing Annual Profit. Shares Dip After Lender Says Cost Growth Outstripped Revenue At The End Of 2018
HSBC Holdings turned in a disappointing annual profit as higher costs and a stocks rout chipped away at its trading businesses, while warning that an economic slowdown in China and Britain would throw up further hurdles this year.
As The Stock Market Rallies On US-China Trade Hopes, Bond Investors May Be Worried About A Recession
Stocks have been euphoric about the potential for a trade deal between the U.S. and China, but the bond market has been acting gloomy and has been more focused on uncertainty and the chances for a recession. Buyers have been flocking to both markets for different reasons, and analysts say ultimately one of them will be right.
The U.S. Commerce Department Sent a Report on Sunday to U.S. President Donald Trump that Could Unleash Steep Tariffs on Imported Cars and Auto Parts
A report from the Center for Automotive Research in Ann Arbor, Michigan, published on Friday showed its worst-case scenario of a tariff of 25 percent would cost 366,900 U.S. jobs in the auto and related industries.
Gazprombank Freezes Accounts Of Venezuela’s PDVSA To Reduce The Risk Of The Bank Falling Under U.S. Sanctions
Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm.
Uber is aiming for an IPO that could value it at as much as $120 billion. Chief Executive Dara Khosrowshahi has worked to shore up the company’s balance sheet by selling unprofitable units and completing fundraising including investments from SoftBank Group Corp. and Toyota Motor Corp. , and a large debt sale.
Farmers are waiting for more clarity on trade deals before buying equipment. The company said Friday that initial orders of tractors, combine harvesters and other equipment were weak, contributing to the lower-than-expected quarterly profits.
Levi Strauss & Co. Wednesday Filed Paperwork For An Initial Public Offering Of Shares And It Hopes To Raise More Than $600 Million
In its IPO filing, Levi said it was looking to make acquisitions that would “drive further brand and category diversification.” The company still gets the majority of its sales from its Levi’s jeans and Dockers khakis.
The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s legendary 747 but failed to take hold as airlines backed a new generation of smaller, more nimble jets.
China’s Economy Is In “Long-Term Decline” And Growth From 2020 Will Be Increasingly Dependent On Foreign Capital, According To Morgan Stanley
China will likely become more reliant on foreign capital as the country looks set to enter into years of shortfall in its current account, Morgan Stanley predicted in a report. “The economy’s current account is in long-term decline and the future growth of the economy will be increasingly dependent on foreign capital,” said the investment bank in a report on Tuesday.