| | |  | EVERYTHING YOU NEED TO KNOW, RIGHT NOW. #IBTPulse |
| | | Square Debuts As Startups Lose Some Sheen | Square, the mobile-payments app founded and run by Twitter's Jack Dorsey, starts trading Wednesday. Its IPO price was lower than the price it got in a round of startup financing last year, another sign analysts cite when they say the excitement that created $1billion tech startups, like Square, may be abating. Also debuting on Wednesday: Match Group, owner of online dating site Match.com. |
| Lyft Raising $500 Million | Lyft, the ride-hailing app, will also test investor confidence in tech startups as it reportedly tries to raise $500 million. The company is targeting $1 billion in sales this year. In India, an Uber rival just raised $500 million. |
| Latest Word From The Fed | The Fed releases minutes of last month's meeting, when they indicated a December interest rate increase was very likely. Economists and analysts will comb the minutes for more information, while monitoring speeches by four Fed officials -- William Dudley, Dennis Lockhart, Loretta Mester and Robert Kaplan -- a day after the government reported higher inflation. |
| Costs Of Closing The Borders | The Paris attacks may push France and other countries to suspend the Schengen Agreement that's allowed free movement in Europe since 1995. There were already rumblings before, due to the recent influx of refugees from Africa and the Middle East. The region's weaker economies may suffer because of the cost of resurrecting border controls. It could also inconvenience citizens who cross borders to work. |
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| | | Hunt For Paris Attacks Mastermind Turns To Seige | Police conducted a raid in the Paris suburb of Saint-Denis, targeting the alleged mastermind of last week’s terrorist attacks, Abdelhamid Abaaoud, who had been thought to be in Syria. At least three people were dead, including a woman who blew herself up. Meanwhile, two Air France flights headed from the U.S. to France were made to land in Salt Lake City and Halifax, Nova Scotia after reported bomb threats. No explosives have been found. |
| Norfolk Southern Rebuffs Canadian Pacific's Bid | Canadian Pacific Railway formalized its bid for Norfolk Southern, and the U.S. rail company sent a strong signal it believes the offer, which values Norfolk at $28 billion, was too low. Canadian Pacific, which tried to buy CSX last year but failed, reportedly only told Norfolk Southern about its plan after it leaked to the media. |
| Mobile Payments Bandwagon | Baidu, China’s Google, is jumping into mobile payments with state-owned Citic Bank. That would put it in competition with Alibaba and Tencent, and part of a tide that includes Apple, Square, PayPal and even Facebook Messenger. |
| China's Leader Pushes Own Trade Agreement | At an APEC event in Manila, Xi Jinping hit trade agreements that could cause fragmentation, hours before President Barack Obama sat down with the leaders of the 11 other Trans Pacific Partnership countries, which doesn't include China. He pushed anew for his Free Trade Area of Asia Pacific. Trade is just one area the world's two biggest economies are vying in for influence in Asia. |
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