Uber shares dropped as much as 12% in extended trading Thursday after the company delivered disappointing second-quarter results. Shares remained down roughly 8% in premarket trading Friday. It was a miss on both top and bottom lines for Uber. Net losses for the ride-hailing company soared to $5.24 billion, largely owing to stock based compensation.
Chinese President Xi Jinping stands by national flags. Johannes Eisele | AFP | Getty Images The International Monetary Fund is urging the world’s two largest economies to resolve the escalating trade war quickly and fairly. In a new report published Friday by the executive board at the IMF, directors recommended a “comprehensive” agreement on trade
Peter Navarro, director of the National Trade Council. Andrew Harrer | Bloomberg | Getty Images White House trade advisor Peter Navarro said Beijing plans to devalue its currency — and if it does, the U.S. will respond forcefully. “They’re going to and we’re going to take strong action against them,” Navarro told CNBC’s “Closing Bell”
Image Source | Getty Images Retirement has been on your mind. You’ve been thinking about the right time to finally leave your job, and what the next chapter of your life will be like. Then the trade war between the world’s two largest economies heated up. Your savings went down. And people started talking about
There will be more 1,000 point down days. Getty When the stock market is tanking, you don’t have time to do any stock research. That’s why one scenario I discuss with all my managers is what they would do if the Dow dropped 1,000 points in one day. On Monday, our preparation paid off. We made some
Getty With gloomy threats of Brexit and a general election happening within the coming months, many are worried that foreign wealth might depart the U.K. That threat was confirmed on Friday, with latest government data showing that over 12,000 individuals have given up their “non-domiciled” status. This unique, and almost oxymoronic term, allows foreign individuals
This home in Sonoma, CA was designed and built with a steel frame and modular construction by Connect Homes for a women who wanted to age in place. It has many Universal Design features. Photo courtesy of Joe Fletcher Photography for Prefabulous Small Houses published by Taunton More and more people today are building houses
Barbie dolls in the Mattel display at the annual Toy Fair in New York. Stan Honda | AFP | Getty Images Mattel shares cratered more than 11% Friday morning after the toymaker said Thursday it would pull a bond sale because of “an anonymous whistleblower letter.” The company was made aware of the anonymous letter
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber’s $5.2 billion second-quarter loss is big on its
President Donald Trump speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, D.C., U.S., on Wednesday, Aug. 7, 2019. Sarah Silbiger | Bloomberg | Getty Images The U.S. is putting its decision to relieve Huawei on hold after China suspended its purchase of U.S.