Stocks

___ Escalation in Trump tariffs looms over US-China trade talks WASHINGTON (AP) — The two countries are sparring over U.S. allegations that China steals technology and pressures American companies into handing over trade secrets — part of an aggressive campaign to turn Chinese companies into world leaders in robotics, electric cars and other advanced industries.

Uber prices long-awaited IPO at $45 per share, valuing world's largest ride-hailing company at $82 billion.

Stocks recovered much of an early swoon and ended moderately lower Thursday as a midnight deadline approached for the U.S. and China to reach a trade deal.

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

It’s far from certain the market will warmly welcome Uber shares.

The company, whose businesses include Fox News; the Fox broadcast network and television stations; and Fox Sports, was spun off from 21st Century Fox and began trading as a separate public company in March.

The sector is down 2.7% for the year while the broader S&P 500 index has gained 15%.

The S&P 500 and Nasdaq are now on track for their worst week of 2019.

The news comes at a time when SoftBank and its almost $100 billion Vision Fund stand at a possible inflection point with some of its big tech bets like Uber Technologies headed toward public listings.

Share sank in Asia Thursday as investors fretted over trade tensions between the U.S. and China.

China says it will retaliate if President Donald Trump goes ahead with tariff hikes on Chinese goods, ratcheting up tension ahead of negotiations in Washington.

U.S. stocks swung between gains and losses in morning trading on Wall Street Wednesday as investors wait for key trade talks between the U.S. and China to start this week.

As Uber prepares for its stock market debut Friday, its long-term success or failure will largely depend on the nearly 4 million drivers who serve as the backbone of the company's network.

NYSE Chief Operating Officer John Tuttle on Uber's market debut.

___ Trump's tariff hike menaces strong economy WASHINGTON (AP) — For months, the U.S. economy has shrugged and chugged along as America and China slapped tariffs on tens of billions of dollars of each other's goods in the fiercest trade fight since the 1930s.

Major U.S. stock indexes closed mostly lower Wednesday after a late wave of selling wiped out what was left of a modest midday rally.

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

Excluding certain items, Disney earned $1.61 per share.

Shortly before the opening bell, Trump tweeted that China's vice premier is coming to the U.S. "to make a deal," and Sanders repeated that message shortly before noon.

Shares skidded in Asia on Wednesday after the Dow Jones Industrial Average tumbled more than 470 points overnight amid mounting trade tensions between the U.S. and China.