| | | | | | | | 10 Things Before the Opening Bell | | | | | Advertisement
Here is what you need to know. - Uber files to go public. The ride-hailing company says it will aim to offer 180 million shares at a price between $44 and $50 a share, giving it a valuation of up to $90 billion.
- Elon Musk and the SEC asked for a delay in settlement talks. Tesla's CEO and the Securities and Exchange Commission asked a federal judge to delay until April 30 the deadline for their dispute resolution over Musk's tweets, Reuters reports.
- Tesla closes below a key level. Tesla fell 4.26% to $247.63 a share on Thursday, finishing below key technical support at $250.
- Amazon beats, but guidance disappoints. The e-commerce giant beat on earnings and revenue, but its second-quarter revenue guidance of $59.5 billion to $63.5 billion was a bit disappointing.
- Intel slashes its forecast. The chipmaker beat on both the top and bottom lines but said it expected to generate $69 billion of revenue for fiscal-year 2019 — below the Wall Street consensus of $71.05 billion.
- Warren Buffett isn't sure Berkshire Hathaway can significantly beat the stock market. Buffett told the Financial Times that Berkshire was a safe investment but one that might have only "a tiny expectation" of better performance than the S&P 500.
- Bitcoin plunges after a major exchange was accused of using client money to hide $850 million of missing cash. The cryptocurrency fell as much as 9% late Thursday, to as low as $4,983 a coin, after New York's attorney general accused the crypto exchange Bitfinex of using the $700 million of reserves that backed its digital currency Tether to cover up $850 million of missing funds.
- Stock markets around the world are mixed. China's Shanghai Composite (-1.2%) paced the decline in Asia, and France's CAC (+0.13%) is out front in Europe. The S&P 500 is set to open little changed near 2,923.
- Earnings reports keep coming. American Airlines, Chevron, and Exxon Mobil report ahead of the opening bell.
- GDP is crossing the wires. The US economy is expected to have grown at an annualized rate of 2.3% in the first quarter, according to economists surveyed by Bloomberg. The report will be released at 8:30 a.m. ET and will be followed by University of Michigan consumer confidence at 10 a.m. ET. The US 10-year yield is down 1 basis point at 2.52%.
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