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Market News
U.S. Stocks Set for Anemic Open, With GDP Data in Focus
Top / Flop
Friday, 26 April
Uber sets terms for IPO, posts $1 billion first-quarter loss
15m ago - (Reuters) - Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors the ride-hailing company and insiders would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.
Exports, inventories seen boosting U.S. first-quarter growth
7h ago - WASHINGTON (Reuters) - The U.S. economy likely maintained a moderate pace of growth in the first quarter, which could further dispel earlier fears of a recession even though activity was driven by temporary factors.
Stock futures flat ahead of GDP data
6m ago - (Reuters) - U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world's largest economy maintained a moderate pace of growth in the first quarter.
Glencore stock weakens as U.S. probes 'corrupt practices'
3h ago - (Reuters) - Glencore Plc shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through "corrupt practices".
Newer drugs fuel AstraZeneca quarterly sales beat
1h ago - (Reuters) - AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.
Dollar off two-year highs ahead of U.S. GDP, shares subdued
7m ago - LONDON (Reuters) - The dollar slipped from 23-month highs on Friday ahead of keenly awaited U.S. gross domestic product data for the first quarter, while global shares were on track for a fifth successive weekly gain despite subdued trade.
China's Xi says Belt and Road must be green, sustainable
1h ago - BEIJING (Reuters) - China's Belt and Road Initiative (BRI) must be green and sustainable, President Xi Jinping said in opening a summit on his grand strategy, adding that the massive infrastructure and trade plan would deliver "high-quality" growth for all.
Daimler first-quarter hurt by production delays at Mercedes, China slowdown
3h ago - FRANKFURT (Reuters) - Daimler's first-quarter operating profit fell 16 percent on Friday as a 718 million euro (£620 million) one-off gain failed to offset costs from a production delay for its Mercedes-Benz GLE and higher raw material costs.
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