Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
Switch shares jumped more than 22 percent on the stock's first day on the market.
The data-center operator was valued at around $4.2 billion in a 31.3 million share IPO. The company raised $531.3 million in the offering, with shares priced at $17, above the expected the range of $14 to $16.
Shares opened at $21.70 a share on Friday and closed at $20.84 apiece. The stock is traded on the New York Stock Exchange under the ticker symbol SWCH.
The company posted net income of $35.3 million for the six months ended June 30, flat compared with the year-ago period, according to its prospectus.
Because Switch's data centers are energy efficient and the company tends to hang on to customers for several years, Switch aims to be well-positioned to capitalize on data-intensive technology trends like the Internet of Things, wearable devices and autonomous vehicles, the prospectus said. Switch plans to use the funds for its IPO to expand its main campuses and enter new regions in the U.S.
The IPO was underwritten by Goldman Sachs & Co, J.P.Morgan, BMO Capital Markets and Wells Fargo Securities.
— Reuters contributed to this report.