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 $2 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 $23, and shares ended Thursday's session at $36.29.
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 $11 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.
