Bitcoin, Nike, Meredith, Carnival: What to Watch When the Stock Market Opens Today

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Futures are edging down and bond yields are up to multi-month highs, as uncertainty lingers about heavily indebted property giant  China Evergrande Group . Here’s what we’re watching ahead of Friday’s opening bell. The price of bitcoin fell as much as 5% after China’s central bank said all cryptocurrency-related transactions are illegal, reinforcing the country’s tough stance against digital rivals to government issued money. Crypto exchange Coinbase fell 3.6%. Meredith shares soared 19% premarket. IAC/InterActiveCorp. is in advanced talks to acquire the magazine publisher, according to people familiar with the situation. Nike shares dropped 4.7% premarket. The sneaker giant reported a 16% rise in quarterly revenue but said production problems in Asia and trans-Pacific shipping delays are constraining sales. Progress Software jumped 15% premarket after the business software company delivered an earnings beat and lifted
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