Yahoo Movies Bitcoin surges to 5-month high: Morning Brief
Tuesday, April 2, 2019
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WHAT TO WATCH
Investors will get a pulse on the future of business spending in the U.S. The Census Bureau will be releasing durable goods data for February ahead of the market open. Economists polled by Bloomberg are expecting durable goods orders to have fallen 1.8% during the month.
The decline in durable goods will likely be due to a drop in orders for aircraft. “We expect durable goods orders to fall,” Credit Suisse wrote in a note on Thursday. “The decline is mainly driven by aircraft orders. Boeing received just 5 orders in February, down significantly from 46 in January.”
TOP NEWS
Bitcoin surges over 10% to 5-month high: Bitcoin (BTC-USD) surged to a five-month high early Tuesday morning. The cryptocurrency’s price began rocketing against both the pound and dollar at around 1.30 a.m. ET, briefly passing $5,000 for the first time since November on some exchanges. The price surged as much as 20% at its peak on Tuesday morning. [Yahoo Finance UK]
Slack reportedly selects NYSE for direct listing. The workplace messaging provider has selected the NYSE for its direct listing, according to a Wall Street Journal report Monday. This makes Slack the latest in a slew of tech unicorns – or companies with private valuations north of $1 billion – to select the NYSE for a highly anticipated upcoming stock listing. [Yahoo Finance]
Lyft's stock craters in 2nd day of trading: After beating ride sharing rival Uber to the market in an initial public offering that raised more than $2 billion, Lyft’s stock cratered in its 2nd full day of trading even as the broader market surged. On Monday, Lyft’s shares tumbled as low as $67.78, ending the session well below its IPO price of $72 and down more than 11% from Friday’s close. [Yahoo Finance]
More on Lyft
EU-U.S. trade talks face delay: European Union governments are struggling to reach consensus on a mandate to begin trade talks with the U.S., risking a delay that would further provoke Donald Trump’s ire after the bloc’s refusal to include agriculture in the negotiations.
Whole Foods cuts prices as Amazon extends imprint on chain: Whole Foods Market says it will lower prices on hundreds of grocery items this week, the latest effort to reshape the grocer’s pricey image under Amazon (AMZN). The Seattle retail giant touted a round of price cuts immediately after buying Whole Foods in August 2017 and over the last year worked to roll out grocery delivery from store locations and introduce discounts for Amazon Prime members. [Bloomberg]
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