Uber shares tumble 5% on $1.16 billion quarterly loss

2019-11-04

Uber Technologies Inc. reported another mega-loss on Monday, but its chief executive said there is a light at the end of the profitability tunnel. The ride-hailing service  reported a third-quarter loss of $1.16 billion, or 68 cents a share, compared to a $986 million loss in the same quarter aRead More →

Asian markets tumble, following Wall Street’s lead

2019-08-05

Asian stock markets tumbled in early trading Tuesday, following Wall Street’s worst day of the year as trade tensions between the U.S. and China grew even worse. Japan’s Nikkei NIK, -2.03%   sank 1.9%, while South Korea’s Kospi 180721, -0.62%   fell 1% and Australia’s S&P/ASX 200 XJO, -2.49%  Read More →

One of Wall St.’s premier investors says S&P 500 may tumble 16% by summer’s end because markets never ‘had a trade war like this’

2019-05-31

Enjoy Thursday’s muted stock-market bounce, because Scott Minerd of Guggenheim Partners says it won’t last for very long. The chief investment officer and one of the world’s premier bond-fund managers, in a late-Wednesday interview, told MarketWatch that the equity market is likely to stage a mini-rebound in the coming sessionsRead More →