IPOs

Uber shares are down 7% and trading below $40 before the opening bell.

The ride-hailing's stock continued to fall.

A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers.

Uber's next stop is the stock market, where it hopes to pick up more investors willing to bet on a ride-hailing market brimming with potential and conspicuously lacking in profits.

An escalating trade war between the U.S. and China pushed stocks lower for a fifth straight day Friday on Wall Street and put the market on track for its worst week of the year.

___ US-China talks break up after US raises tariffs WASHINGTON (AP) — Trade talks between the U.S. and China have broken up with no agreement, hours after President Donald Trump more than doubled tariffs on $200 billion in Chinese imports.

Uber had priced its initial public offering at $45 per share, valuing the company at roughly $82 billion.

Uber shares fell more than 7 percent in a disappointing NYSE debut.

The founders and early investors will be rich, and you have the opportunity to buy in. Or stay out. Your call.

A FOX Business exclusive with FHFA Mark Calabria.