2017-03-03 05:39:00 Fri ET
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As the biggest IPO since Alibaba in recent years, Snap Inc with its novel instant-messaging app SnapChat achieves $30 billion stock market capitalization.
Having raised more than $3 billion from its IPO, Snap easily beats the bid price that Facebook offered back in 2013.
In this modern era of digital technology, many financial economists and market observers suggest that unicorns, or tech startups with $1 billion net worth, often seek to be packaged as profitable M&A targets for large public corporations.
Snap demystifies this unicorn puzzle by going public with its stellar stock market performance and millennial popularity.
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2017-12-14 12:41:00 Thursday ET

Federal Reserve raises the interest rate by 25 basis points to the target range of 1.25% to 1.5% as FOMC members revise up their GDP estimate from 2% to 2.5
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The Economist Intelligence Unit (EIU) continues to track major business risks in light of volatile stock markets, elections, and geopolitics. EIU monitors g
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China turns on its 5G telecom networks in the hot pursuit of global tech supremacy. China Telecom, China Unicom, and China Mobile disclose 5G fees of $18-$2
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Goldman Sachs chief economist Jan Hatzius proposes designing a new Financial Conditions Index (FCI) to be a weighted-average of interest rates, exchange rat