Stocks are set to fall at the opening bell, on reports that China is seeking to limit the scope of trade talks set to get underway this week.
, they said today, at the start of two weeks of planned peaceful civil disobedience in London that will call for urgent government action to curb carbon emissions. The protests are part of what Extinction Rebellion activists call an "international rebellion," with similar actions taking part across the world. , and the U.S. will withdraw its troops in the area ahead of the long-planned attack.
Uber Technologies was upgraded to "buy" from "neutral" at Citi, with a price target unchanged at $45 per share. Citi is optimistic about a positive shift in sentiment surrounding Uber's core ride-sharing business, among other factors. Carnival Corp. was downgraded to "hold" from "buy" at HSBC, which points to a slide in fiscal 2020 bookings for the cruise line operator.
KKR is seeking to raise $1.5 billion for its third "special situations" fund, Reuters reported. Those funds invest in bonds of companies about to enter bankruptcy. The private equity firm raised $2 billion for its first such fund in 2014, and $3.35 billion for its second fund in 2016. Invesco is cutting staff to help meet an annual cost-savings target of $475 million, according to the Financial Times. The asset management firm has been cutting jobs after buying smaller rival OppenheimerFunds, a deal announced last October and closed earlier this year.
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