It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell as fears of an economic recession built up ahead of a key speech from Federal Reserve Chairman Jerome Powell.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.Autosread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread 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.