Stocks

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

Stocks plunge as trade war between U.S. and China escalates; Dow Jones Industrial Average drops 480 points.

Board member Mary Winston will replace outgoing CEO Steve Temares.

U.S. stocks slammed as China fires back.

Shares were mostly lower in Asia on Monday after trade talks between the U.S. and China wrapped up Friday without an agreement.

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.

The Latest on the tariffs standoff between the United States and China as trade talks are underway in Washington (all times local): 12:40 p.m. China's government says it will take "necessary countermeasures" in response to President Donald Trump's latest tariff hike on Chinese imports but gave no details of possible retaliation.

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.

The stock market ended a bumpy week with a late gain Friday as traders hoped that the latest flare-up in trade tensions between the U.S. and China will fade.

The latest on developments in financial markets (all times local): 9:35 a.m.

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.

All three major indexes turned positive late in the session.

Delaware-based craft beer company Dogfish Head Brewery is being acquired by the Boston-based brewer of Sam Adams beer in a $300 million cash and stock deal.

Shares were mostly higher in Asia on Friday in volatile trading, with mainland Chinese stocks bouncing more than 3% as regulators apparently stepped in to support the markets.

U.S. and Chinese negotiators are set to resume trade talks just hours before the United States plans to raise tariffs on Chinese imports in a dramatic escalation of tensions between the world's two biggest economies.