Here is what you need to know.
Uber is reportedly in early talks to buy Deliveroo.The London-based food-delivery startup Deliveroo would be interested in selling only for a price that’s “considerably higher” than its $US2 billion valuation, Bloomberg says.
The brains behind a fund that’s crushing the market this year share 3 stocks driving their outstanding gains. Two of the fund managers at Neuberger Berman’s Small Cap Growth Fund – which has appreciated by 28% this year and is far outperforming its peers – tell Business Insider about their strategy and some of their top stock picks.
Goldman Sachs’ head of stock trading is leaving.Goldman Sachs’ equities chief, Paul Russo, is leaving the firm, a source familiar with the matter told Business Insider, as incoming CEO David Solomon puts together his leadership team.
Wells Fargo to cut as much as 10% of its workforce.The third-biggest US bank says it will cut as many as 26,500 jobs over the next three years.
Eventbrite spikes 56% in its debut. The ticketing and event-management company priced its initial public offering at $US23, and shares ended Thursday’s session at $US36.29.
The cannabis craze hits Australia. Shares of the Melbourne-based medical-cannabis company Althea almost tripled in their trading debut on Australia’s ASX.
A bullet train is opening that will connect Hong Kong and mainland China. The $US11 billion project doesn’t come without controversy, as passengers entering the station in Hong Kong will have their documents stamped by Chinese immigration officers, Reuters says.
The 10-year is nearing its highest level in over 7 years. The benchmark yield is up 1 basis point at 3.08%. A move above 3.11% will have it at its highest level since June 2011.
Stock markets around the world are higher. China’s Shanghai Composite (+2.5%) led the way higher in Asia, and Britain’s FTSE (+1%) is out front in Europe. The S&P 500 is set to open up 0.17% near 2,936.
US economic data flows. Markit services and manufacturing PMIs will be released at 9:45 a.m. ET.
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