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Stock market news: Opening bell, September 21, 2018



Trump rally
of President Donald Trump cheer as he speaks during a campaign
rally in Las Vegas.


Here is what you need to know. 

Uber is reportedly in early talks to buy Deliveroo

The London-based food-delivery-startup Deliveroo would not
be interested in selling for any price that’s not “considerably
higher” than its current $2 billion valuation, Bloomberg says.

The brains behind a fund that’s crushing the market this year
share 3 stocks driving their outstanding
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
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 will cut as much as 10% of its
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
ticketing and event-management company priced its initial public
offering at $23, and they ended Thursday’s session at

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 those passengers entering the station
in Hong Kong will have their documents stamped by Chinese
immigration officers, Reuters says.

10-year is nearing its highest level in over 7
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 both be released at 9:45 a.m. ET. 

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