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
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread 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
Shares of Uber closed down 6.8% Friday evening, a day after the ride-hailing giant reported disappointing second-quarter earnings, including a massive $5.2 billion loss in the three-month period.
Uber missed expectations on the top and bottom lines, reporting a loss per share of $4.72 versus an expected loss of $3.12 per share. It reported revenue of $3.17 billion versus $3.36 billion expected by Wall Street. The company said the $5.2 billion loss during the quarter was largely due to stock-based compensation.
CEO Dara Khosrowshahi said in an interview with CNBC's Deirdre Bosa that there's "no doubt in my mind that the business will eventually be a break even and profitable business." He also said he expects losses to subside in 2020 and 2021.
He added that he doesn't think the Uber Eats food-delivery service will be profitable during the same time period, however, as it tries to chase growth.
In an interview with CNBC's David Faber and Jim Cramer on Friday, Khosrowshahi said the company's staggering $5.2 billion loss a "once-in-a-lifetime" hit as he tries to steer it toward profitability. He added that Uber is targeting 30% revenue growth in the back-half of the year.
— CNBC's Lora Kolodny and Annie Palmer contributed to this report.