Uber buys Careem; Airbus' big win; US housing data

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Today’s top business headlines with ChristineRomans before the opening bell on Wall Street: - Trump nominates Stephen Moore to Fed. board - Mortgage rates continue to fall - Business economists forecast slowing GDP - Airbus lands huge deal with China

London 1. Uber scoops up Careem: Uber is buying Careem, the biggest ride-hailing app in the Middle East, for $3.1 billion.

Careem was founded in 2012 and has since attracted 30 million users across 90 cities in the Middle East, North Africa and Pakistan. It was valued at more than $2 billion in a funding round in October.Based in Dubai, Careem will operate under its own brand as a subsidiary of Uber and continue to be led by CEO Mudassir Sheikha.

Tuesday — US building permits; US housing starts; S&P/Case-Shiller home prices; McCormick and Carnival earningsThursday — UK consumer confidence; US final estimate Q4 GDP

 

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