Hello, friends and Coins2Day readers.
It’s a remarkably busy Thursday, with the fate of the United Kingdom coming down to the wire and pricing for the Alibaba IPO set to come down later today, so let’s get right down to business. Here’s what you need to know.
1. Scots are at the polls
Polling stations are open in Scotland, and voters having their say on whether or not to dissolve the 307-year-old union between Scotland and their neighbors to the south. The polls remain remarkably close, and the FTSE is responding by staying fairly steady, up less than half of a percent. With so much uncertainty surrounding the independence referendum, worried investors are adding to their gold holdings, according to CNBC.
2. Alibaba prices tonight
Alibaba is the IPO that’s garnering a tremendous amount of attention for a company nearly no one stateside has ever heard of. The company plans to price its IPO between $66 and $68 a share after the close of trading, and is expected to begin trading tomorrow on the New York Stock Exchange under the ticker symbol BABA.
To see highlights from Coins2Day’s coverage of Alibaba’s IPO, click here. In the video below, the NYSE’s president tells Coins2Day’s Steve Gandel how the exchange is preparing for Alibaba’s market debut.
3. Tim Cook takes a jab at Google
Apple’s CEO wrote a letter to users about privacy, and included what some are reading as a not-so-subtle jab at Google, noting that “when an online service is free, you’re not the customer. You’re the product.” Shots fired.
4. China’s central bank continues to stimulate
Yesterday, the nation’s central bank injected a total of $81 billion into the top 5 lenders in the country. Today, it is cutting borrowing costs for banks, continuing its attempt to counter slower-than-expected economic growth.
5. Pass the Doritos …
If you’ve got 10 people in your office, Mashable says one of them is high. The site has just published a study, conducted with SurveyMonkey, which found 10% of Americans say they go to work high on marijuana. Saying a meeting is “in the weeds” just took on a whole new meaning.
