Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles

Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles

NEW YORK (Reuters) – Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles. A Pinterest Pin made of a …
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Fed may need to buy more bonds than before crisis to manage US rates: official

The Federal Reserve may need to buy more government bonds than it did before the 2008 financial crisis and conduct other money-market operations to implement its current approach to managing U.S. interest rates, a top central bank official said on …
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Supreme Court hears arguments on major state trust tax case

The Supreme Court heard oral arguments Tuesday in a case involving a state's ability to tax income from a trust based on the beneficiaries residing
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2 Ben & Jerry's flavors recalled due to nut labeling issues

NASHVILLE, Tenn. (WKRN) – Two flavors of Ben & Jerry’s Ice Cream has been recalled by the company. According to the FDA, some pints of Chunky Monkey and some bulk containers of Coconut Seven Layer Bar are impacted. These flavors might contain …
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GFG Alliance outlines plan to consolidate Liberty's global steel assets

SYDNEY (Reuters) – GFG Alliance, a privately held conglomerate, said on Thursday it plans to integrate most of the mining and engineering businesses under its Liberty House unit into a single global steel business with assets across the UK, Europe and …
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