Futures point higher, U.S.-China trade talks, Airbnb IPO update, and more


Wall Street set to open higher

U.S. stock futures suggest Wall Street will open slightly higher on Friday, as U.S. and Chinese trade negotiators continue their face-to-face discussions in Washington for a second day, to help clear the way for top-level talks next month.

At around 5:20 a.m. ET, the blue-chip Dow futures were up 29 points, or about 0.11% to 27,107. Futures on the S&P 500 rose 2.62 points, or around 0.09% to 3,010.62, while those on the tech-heavy Nasdaq 100 jumped 12.75 points, or roughly 0.16% to 7,930.75.

Airbnb will IPO in 2020

Home-rental service Airbnb Inc. will become a publicly-traded company next year, the company confirmed in a statement on Thursday. However, the statement did not say whether the company would go public during the first half or second half of the year.

Airbnb was last valued at $31bn in September 2017 and boasts about 150 million users in more than 65,000 cities. On Wednesday, the 11-year-old company said it had revenue of more than $1bn in the second quarter of its 2019 financial year. That is the second time in its history in which it has exceeded the figure.

Apple iPhone 11 and Apple Watch 5 go on sale worldwide

Sales of the new iPhone 11 smartphones and the new Watch Series 5 officially kicked off at 8 a.m. local time on Friday across the world, after a week of pre-orders. The iPhone 11, the iPhone 11 Pro, and the iPhone 11 Pro Max start at $699, $999, and $1,099, respectively.

Meanwhile, Apple Watch Series 5 starts at $399 for GPS models, while the cellular models start at $499. Shares of Apple Inc (NASDAQ: AAPL) were little changed in premarket trade Friday.