Uber lowers IPO valuation, will reveal the terms: Morning Brief
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WHAT SHOULD BE
Economists look forward to solid GDP pressure in the first quarter after several key sectors in the US economy took a last darkening higher in the quarter.
The Bureau of Economic Analysis will release its first reading of US economic growth during the first three months of the year Friday at 8.30 am.
Over the past few weeks, analysts have been upward revising their expectations of economic expansion over the period compared to better than expected data on segments, including retail, export and business inventory.
<p class = "canvas comfort canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "As of Thursday, expectations were in the spectrum, with Atlanta Fed & # 39; s closely monitored GDPNow tools tracking 2.7% quarterly growth, while the New York Fed's NowCast & nbsp; report then & nbsp; for 1.4% expansion Other estimates fell sharply in this area, with consensus among economists asked by Bloomberg, and called 2.3% growth, and St. Louis Fed's GDP current estimate points to 1.9% growth. and by Thursday, the expectations were in the spectrum, while the Atlanta Fed closely adheres to the GDPNow tool tracking 2.7% quarterly growth, while the New York Fed's NowCast report looked for 1.4% expansion, while other estimates fell sharply in this area, by consensus among economists who were asked by Bloomberg and require 2.3% growth, and St. Louis Fed's GDP Nowcast estimate points to 1.9% growth.
GDP grew annually by 2.2%. Growth was 2% in the first quarter of 2018.
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TOPNESSES
Uber logo is seen on a mobile device in this photographic illustration in Warsaw, Poland March 19, 2019. (Photo by Jaap Arriens / NurPhoto via Getty Images) [19659017] More
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Uber lowers IPO valuation: & nbsp; Ride-hailing company Uber Technologies Inc. unveiled the terms of its ini public offering on Friday, telling investors it will seek to be valued at between $ 80 billion and $ 90 billion. In a modified S-1, Uber plans to offer shares between a range of $ 44- $ 50 per share. The valuation is less than the $ 120 billion worth of investment bankers told Uber last year it could retrieve. Uber Technologies Inc revealed the terms of its first public offering on Friday, telling investors that it would seek to be valued at between $ 80 billion and $ 90 billion. In a modified S-1, Uber plans to offer shares between a range of $ 44- $ 50 per share. The valuation is less than the $ 120 billion value that the investment bank told Uber last year it could retrieve. [Yahoo Finance]
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " with a large margin [19659022]: Amazon ( AMZN ) reported an income of $ 7.09 per share and shattered expectations to $ 4.67 The e-commerce giant reported $ 59.7 billion in sales in Q1 2019 on Thursday , which is in line with analysts' estimates, it fell in the higher range of guidance the company gave in January, which was net $ 56 billion in sales to $ 60 billion. Amazon revenues hit expectations with a wide margin : Amazon (AMZN) reported an income of $ 7.09 per share and shattered expectations to $ 4.67 The e-commerce giant reported $ 59.7 billion in revenue in the first quarter of 2019 on Thursday, in line with analysts' estimates fell in the higher range of guidance the company gave in January, which was a net sales of $ 56 billion $ 60 billion. [Yahoo Finance]
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Also: Amazon to offer free one-day shipping to Prime members, will invest 800 million dollars to get there [Yahoo Finance] "data-reactid =" 39 "> Also: Amazon offers free a day's freight to Prime members, will invest $ 800 million to get there [Yahoo Finance]
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Crypto market roiled by new claims [19659012]: One of the world's most traded virtual currencies faces renewed doubts about stability, after New York's chief police officer accused the coin issuer of participating in a coverage to hide the loss of about $ 850 million in customer and business funds, allegations against Tether and the operator of the Bitfinex crypto exchange, announced by the New York lawyer on Thursday Crypto Market Roiled by New Claims : One of the world's most traded virtual currencies faces renewed doubts about stability, after New York's chief police officer accused the coin issuer of participating in a cover-up to hide the loss About $ 850 million in customer and business fund. The allegations against Tether and the operator of Crypto Exchange Bitfinex, announced by the lawyer in New York on Thursday. [Bloomberg]
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Starbucks sets strong Q2 growth, reinforced by US and China sales : Starbucks ( SBUX ) on Thursday reported better-than-expected earnings, boosted by strong sales in the US and China, and increased throughout the year's guidance. 60 cents per share during the second quarter, compared with 53 cents a share a year ago. Starbucks posted strong Q2 growth, boosted by sales in the US and China : Starbucks (SBUX) on Thursday reported Better than expected earnings, boosted by strong sales in the US and China, and increased year-round guidance, the global coffee giant had an income of 60 cents per share during the second quarter, compared to 53 cents a share a year ago. [19659020] <p class = "canvas- Ford-teacher-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Ford just embarrassed hell out of their truck rivals : The manufacturer of the popular F-series lorry line said on Tuesday the market share achieved and increased sales in its pickup truck category in the first quarter. With the F-Series pickups as some of the highest marginal products running by Ford's ( F ) assembly lines, it contributed to North America's $ 300 million higher power than a year ago. Ford Ford was just embarrassed in hell out of their truck rivals : The manufacturer of the popular F-series line trucks said on Tuesday it achieved market share and increased its sales in its pickup truck category in the first quarter. With the F-Series pickups, some of the highest margin products rolling off Ford's (F) assembly lines, contributed to North America's $ 300 million higher power gains a year ago. [Yahoo Finance]
MER FRA YAHOO FINANCE
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