Sun. Jul 25th, 2021

Getty ImagesShares of Chinese ride-hailing giant Didi dropped another 4% in Wednesdays premarket as the companys primary app was removed from Tencents WeChat messaging service and Ant Groups Alipay for brand-new users. Didi plunged 19.6% to $12.49 per share Tuesday, after China announced a cybersecurity evaluation of the business. Didi went public on the New York Stock Exchange exactly one week back at a preliminary offering cost of $14 per share. The crackdown on Didi continues Beijings aggressive action versus Chinas tech firms, from the canceling of the $34.5 billion Ant Group IPO in 2015 to the $2.8 billion antitrust fine for Alibaba.5. Satellite images business Planet Labs is going publicCofounder and CEO Will MarshallPlanetSatellite images and data professional Planet Labs is preparing to go public, combining with a SPAC in an offer with backing from Alphabets Google, BlackRock and Salesforce co-founder Marc Benioff. Planet Labs is merging with unique function acquisition business dMY Technology Group IV, which trades on the NYSE under ticker DMYQ. “Were a mature service and have a massive brand-new and distinct information set of our 190 satellites, the largest Earth imaging fleet ever, and more than 10 times anybody else,” Planet Labs co-founder and CEO Will Marshall informed CNBC. Shares of DMYQ rose almost 2% in premarket trading.– Follow all the market action like a pro on CNBC Pro. Get the current on the pandemic with CNBCs coronavirus protection.

Getty ImagesThe 10-year Treasury yield fell early Wednesday, trading around 1.34%, ahead of the afternoon release of the minutes from the June meeting of the Federal Reserves policymaking committee. Home loan applications reduced 1.8% last week, according to the Mortgage Bankers Associations seasonally adjusted index, falling to the lowest level because the beginning of 2020, prior to the coronavirus pandemic started to take a toll on the economy. Home purchase applications dropped 1% for the week and 14% from a year back. Refis fell 2% for the week and 8% from a year ago.4. Getty ImagesShares of Chinese ride-hailing giant Didi dropped another 4% in Wednesdays premarket as the companys main app was eliminated from Tencents WeChat messaging service and Ant Groups Alipay for new users.

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