Global stocks slip, bonds rally as U.S.-China trade fears grow
Asian equities tracked Wall Street’s slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about global growth, driving support for safe-haven government bonds.
China will keep calm in face of trade talk challenges: People’s Daily
China will keep calm against threats of higher tariffs from the United States and has “complete confidence” in its ability to face challenges in trade talks, a commentary in China’s top newspaper said on Wednesday.
Lyft sees ‘peak losses’ this year, says ride hailing has path to profit
Ride services company Lyft Inc forecast that its losses would peak this year as it controlled expenses and got more revenue from each customer, posting a $1.1 billion quarterly loss on Tuesday, days ahead of rival Uber’s IPO.
Google plans new browser tools on privacy, ad transparency
Alphabet Inc unit Google in the coming months plans to introduce new internet browser tools to limit how users’ web activity is tracked by advertising companies and give them greater insight into why certain ads are shown to them, the company announced…
Facebook executive meets with U.S. lawmakers to discuss privacy
With a multibillion-dollar settlement looming for Facebook over user privacy violations, Chief Operating Officer Sheryl Sandberg met with U.S. lawmakers on Capitol Hill on Tuesday to discuss legislation to protect users of the social network, officials…
Match Group adds more Tinder subscribers, shares surge
Match Group beat quarterly profit and revenue estimates on Tuesday, as more people joined its popular dating app, Tinder, sending shares up as much as 8 percent in extended trading.
Lyft forecasts 2019 peak year for losses, sees path to profit with ride sharing
Lyft Inc on Tuesday forecast that 2019 would be the peak year for losses after the ride service company lost $1.1 billion in its first quarter, just days ahead of rival Uber’s IPO.
Trade worries push down shares, oil prices, U.S. Treasury yields
Equities and oil futures fell sharply on Tuesday, as investors worried U.S.-China negotiations were floundering and that an escalating trade war could damage global growth.
Google debuts privacy controls, principles at I/O event
Alphabet Inc’s Google business on Tuesday announced new privacy controls for its services, including “Incognito mode” for Google Maps, and published new privacy commitments for its hardware, showing how increased public scrutiny is forcing greater transparency in Silicon Valley.
Seeking to avert higher tariffs, China dispatches top negotiator to U.S.
Chinese Vice Premier Liu He will travel to Washington for two days of trade talks this week, China said on Tuesday, setting up a last-ditch bid for a deal that would avoid a sharp increase in tariffs on Chinese goods ordered by U.S. President Donald Tr…
