Two of Asia’s largest and most prominent ride-hailing services are reportedly making moves to go public in the U.S. Didi Chuxing filed confidentially for a U.S. IPO that would value it at $ 70 billion to $ 100 billion, Bloomberg News reported Friday. Didi, the largest ride-hailing business in China, …
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Bitcoin prices were carving out fresh records Wednesday but where the cryptocurrency heads from here is an open question. A single bitcoin BTCUSD, +5.39% hit a record high at $ 51,735.38 earlier in the day, according to CoinDesk and predictions see the world’s No. 1 crypto doubling before year-end, while …
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Mortgage rates remain historically low as we enter September. The latest numbers from Freddie Mac show that the average for a 30-year fixed-rate mortgage is standing at 2.93%, relatively unchanged from last week. Freddie Mac economists noted this week that as the yield on the benchmark 10-year Treasury note increases, …
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A Bank of England official said Friday that he thought it “quite likely that additional monetary stimulus will be appropriate” in order for the British central bank to reach its official 2% annual inflation target. Michael Saunders, a member of the BoE’s rate-setting Monetary Policy Committee, said in a speech …
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The maker of “Fortnite” has launched a Battle Royale against Apple Inc., accusing the tech giant of seeking to “unlawfully maintain its monopoly.” Epic Games said Thursday it filed legal papers against Apple AAPL, +1.77% after the iPhone maker booted the company’s hit game “Fortnite” out of its App Store, …
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U.S. stock-market futures edged higher Sunday evening in thin trading, as Wall Street equities looked to add to a rally toward records for the Nasdaq Composite that concluded trade last week on the back of improving economic data in the face of a viral outbreak. How are benchmarks faring? Futures …
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