Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. Trade Representative Robert Lighthizer will meet with officials from the European Union and Japan at the ministerial meeting of the Organization for Economic Co-operation...World Economyread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Uber is aiming to price its IPO at the midpoint of its target range or below, a source familiar with the matter told CNBC.
Uber set a price range of $44 to $50 per share for its initial public offering in an updated filing last month. On a fully diluted basis, that would put Uber's valuation at $80.53 billion on the low end of the range and $91.51 billion on the high end. At the midpoint of its stated range, Uber's valuation would be about $86 billion on a fully diluted basis.
Uber is expected to price its shares Thursday and start trading Friday.
Analysts have remained skeptical of Uber's lofty valuation as its competitor Lyft has fallen during its short tenure on the public market. The price range Uber provided last month already shaved off some of the expected market value, which was originally expected to be as high as $100 billion. According to its S-1, Uber posted an adjusted EBITDA loss of $1.85 billion for 2018 and showed slowing revenue growth.
CEO Dara Khosrowshahi was offered a steep incentive to keep Uber's valuation up once it goes public, according to a recent report from The New York Times. Sources told the Times that if Uber's valuation remains above $120 billion for 90 consecutive days, Khosrowshahi will gain net stock bonuses topping $100 million.