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Sources say Reddit is hiring IPO consultants to seek a valuation of more than $15 billion when it goes public next year.
Us social networking forum Reddit is seeking to hire investment bank advisers and lawyers to conduct an IPO in New York, people familiar with the matter said on Thursday. Reddit was valued at $10 billion in a round of private financing last month. By IPO early next year, Reddit hopes it will be valued at more than $15 billion, according to a source. Sources warned that the timing and size of the company's IPO depends on market conditions. A spokesman for Reddit declined to comment. Driven by the frenzy of retail trading, Reddit has experienced explosive growth and has become a retail investor since the beginning of this year.
Toyota's global sales hit a record high in July and the impact of chip shortage is limited.
Global sales rose 14 per cent in July from a year earlier to 858000 vehicles, the 11th consecutive month of year-on-year growth, according to data released by Toyota Motor Corp on Monday. With North America as the center, SUV sales were strong, surpassing the 849000 in July 2019 before the outbreak and reaching an all-time high for the same period. Sales in North America rose 30 per cent to 260000 vehicles. In addition to the SUV "RAV4", cars such as the Camry and Carola also performed strongly. In the Japanese market, sales of small cars such as the YARIS and Roomy rose 9 per cent to 140000. Toyota said: "although there is a shortage of semiconductors,
Capital Macro: the dollar is overvalued but will continue to rise in the next 6-12 months
Thomas Mathews, an economist at Capital Macro, said that while the US's foreign assets and large current account deficit suggest that the dollar is "somewhat" overvalued, the dollar is likely to rise further in the next 6-12 months. Mathews wrote in a research note on Friday that the rise in the dollar benefited from a faster rise in U.S. yields than in other advanced economies, which is expected to continue, which in turn will push the dollar higher further. The dollar index hit a high for the year on Thursday, reflecting the dollar's avoidance amid economic uncertainty caused by the spread of Delta mutant strains.
The core PCE price index of the United States recorded an annual rate of 3.5% in June, the highest since July 1991.
The core PCE price index in the United States recorded an annual rate of 3.5 percent in June, the highest since July 1991. U. S. stock index futures fell after the release of U. S. inflation data in June.
With the Delta epidemic coming, Powell is betting that the US economy will not be bogged down again.
The original title: the Delta epidemic is coming, and Powell is betting that the US economy will not get into a quagmire again. The view that the economy has "learned to deal with" novel coronavirus and will not get bogged down because of a new wave of epidemic or rising inflation may be challenged in the next few weeks because schools will resume classes, the supply chain is still stuck in traffic jams, and federal unemployment benefits are gradually withdrawing. The data released on Thursday (July 29) show the risks ahead as the United States faces a transition period from relying on federal bailouts last year to an economy whose emergency bailout plan expires and is taken over by private sector income. According to the domestic students announced by the Ministry of Commerce on Thursday
The largest 20 stocks traded in the United States on June 17th Nvidia DPU Prospect shares hit an all-time high.
In the early morning of the 18th, Beijing time, U. S. stocks closed mixed on Thursday, the Dow fell for the second consecutive day, and the Nasdaq was close to an all-time high. The Fed raised its growth and inflation expectations yesterday and hinted that it would raise interest rates twice by the end of 2023. The number of people applying for unemployment benefits for the first time in the United States last week was 412000, higher than market expectations. The Dow fell 210.22 points, or 0.62%, to 33823.45; the Nasdaq rose 121.67 points, or 0.87%, to 14161.35; and the S & P 500 rose 1.84 points, or 0.04%, to 4221.86. Na
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