Stocks fell on Friday as trade tensions resumed between China and the US after President Trump suggested he could cancel upcoming negotiations in September.
While speaking to the press at the White House, Trump told reporters that he wasn't ready to make a deal with China.
The president also said the US would officially sever ties with Huawei, a Chinese telecommunications company at the center of the trade war.
Visit the Markets Insider homepage for more stories.
Stocks returne
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-
Stocks slump as US-China trade tensions escalate yet again
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Uber lost $5.2 billion in 3 months. Here's where all that money went. (UBER)
Uber posted a $5.2 billion loss on Thursday, its largest ever, sending shares plummeting.
A major chunk of that loss was a consequence of two things: stock-based compensation and driver rewards, both stemming from the company's initial public offering in May.
Other major costs for Uber include research and development, on things like self-driving cars, and sales and marketing, in order to keep growing.
Visit Business Insider's homepage for more stories.Uber lost a whopping $5.2 billion in -
Investors are fleeing emerging-market stocks at the fastest pace since 2015 as trade-war fears escalate
Emerging-market equities saw their largest outflow since 2015 this week as US-China trade tensions spiked and concerns over global growth mounted.
Latin America is the most exposed region because it trades heavily with China, according to analysts at Bank of America Merrill Lynch and JPMorgan.
Read more on Markets Insider.
Signs of stress were plentiful in emerging markets this week as escalating trade tensions between the US and China stoked fears of slowing global growth.
Emerging-market -
Dropbox plummets after reporting disappointing user growth (DBX)
Dropbox reported second-quarter earnings Thursday fell short of analyst expectations for revenue per user.
Shares fell as much as 14% on the report.
Watch Dropbox trade live on Markets Insider.
Dropbox is up against negative sentiment about its potential for growth.
Shares of the company fell as much as 14% on Friday fell after a disappointing second-quarter earnings release on Thursday.
The company stumbled when it came to average revenue per user, a key measure for the company's gr -
Trump says September trade talks with China could be canceled
President Donald Trump said Friday that the next round of trade negotiations between the US and China could be canceled.
The comment cast doubt on hopes that the two sides could dodge sweeping escalations set for September.
Trump also announced that the US would cut ties with Huawei, a Chinese telecommunications and smartphone giant that has become a bargaining chip at the center of trade negotiations.
Visit Markets Insider for more stories.
President Donald Trump said Friday that the next round -
The bizarre story of 1MDB, the Goldman Sachs-backed Malaysian fund that turned into one of the biggest scandals in financial history
1MDB is one of the biggest financial scandals of all-time.
It's so wild it's got links to the Wolf of Wall Street film, Miranda Kerr, and Donald Trump.
The latest news is that 17 former and current Goldman execs have been charged over the scandal.
We broke down all the major events for you that stretched all the way back to 2009.
The story of 1 Malaysia Development Berhad (1MDB) just got crazier.
17 current and former Goldman Sachs execs are now facing criminal charges in -
White House trade adviser Peter Navarro compares the WSJ to a communist newspaper after its editorial board warns of a tariff-fueled 'Navarro Recession'
White House trade adviser Peter Navarro compared the Wall Street Journal to a communist newspaper Thursday after its editorial board warned tariffs could upend the longest expansion on record. Growing trade tensions have raised concerns about the global economy, which was already slowing, and sent financial markets to their lowest levels of the year.
"This is a warning the President should heed, and probably one Mr. Navarro won't tell him," the Wall Street Journal editorial board wrote.&nbs -
'I don’t think it can be stopped': Anthony Scaramucci breaks down why he sees a bright future for bitcoin — and explains why governments 'hate' it
Anthony Scaramucci, founder of $9.5 billion SkyBridge Capital, paints a sanguine view surrounding the future of digital assets in society.
He also explains why governments "hate" bitcoin, and provides a historical anecdote to back this thesis.
Click here for more BI Prime stories.In the midst of a meteoric rise in 2017, it seemed like everyone under the sun was talking about bitcoin.
But after an 80%-plus peak-to-trough crash in 2018, those who thought that they'd be driving around a -
Trump announces ban on US government agencies doing business with Huawei will continue
President Trump told reporters on Friday that the US won't be doing business with Huawei, according to Bloomberg.
The White House later clarified that Trump was referring specifically to the ban of US government agencies using Huawei technology or products.
This ban has already been in effect since January 2018.
The announcement came amid China's refusal to buy US agricultural goods, which is said to be China's retaliation to the tariffs that Trump announced on remaining imports fro -
Uber's CEO says the company considered buying Caviar before DoorDash snapped up the competitor for $410 million (UBER)
Uber considered buying the delivery startup Caviar from Square before it sold to DoorDash, its CEO said Friday.
Dara Khosrowshahi told CNBC that the company wasn't interested in buying out US competitors and instead wanted to grow Uber Eats organically.
"You can expect us to look at every single deal out there in the marketplace," he said. "We're Uber — everyone wants to talk to us."
Visit Business Insider's homepage for more stories.A frenzy of acquisitions are happening in the red-hot fo -
The rise of the new CMO: Three key qualities
via warc.comNew research from Accenture has identified the qualities of the minority of marketing chiefs: innovative CMOs able to drive change right at the top of the organization. Accenture's John Zealley considers the three qualities they display.... -
Paddy Power kicks off Premier League season with ‘killer’ content push
Presenter Kelly Cates and ex-pros Jon Walters and Steve Sidwell on Liquid Football.As the 2019/2020 Premier League season kicks off tonight (9 August) with the clash between Champions League winners Liverpool and newly promoted Norwich City, Paddy Power is ratcheting up its focus on becoming the bookmaker of choice for football fans.
The gambling brand is going all-out on high-profile content with the release of a 48-page Premier League preview magazine and the launch of Liquid Football, a weekl -
Women’s sport has now reached the sponsorship tipping point
By the time he was three my nephew had been to three weddings. At three and a half he went to his fourth. As the ceremony began he turned, somewhat surprised, to his mother and remarked: “Oh, men and women do this too!”
My sister realised at this point that the three previous nuptials had all been for gay couples. He wasn’t an idiot: he knew that all types of people were married, he knew about husbands and about wives, but his three-year-old brain had not made the connection be -
How the zero-packaging movement could impact brand equity
A host of brands and retailers have been addressing the plastic waste problem but the recent move towards packaging-free innovations has prompted a number of new challenges for brands.
Removing packaging changes the entire customer experience, meaning brands are going to have to work harder to stand out from the crowd because without packaging, consumers will find it harder to tell the difference between an own-label cornflakes brand and the market leader, for example.
Far from being a niche tre -
How to segment e-commerce shoppers
via warc.comSegmenting consumers based on their attitudes rather than values may be a more effective way of understanding e-commerce shoppers, according to a study published in the Journal of Advertising Research (JAR).Stefan Scheuffelen, Jan Kemper and Malte... -
iHeartMedia plans multi-language podcasts
via warc.comBroadcast giant iHeartMedia, which operates 850 radio stations in the US and has a thriving podcast business, plans a global launch of at least six hit podcast shows that will be translated into several major non-English languages.The company -
How to segment ecommerce shoppers
via warc.comSegmenting consumers based on their attitudes rather than values may be a more effective way of understanding ecommerce shoppers, according to a study published in the Journal of Advertising Research (JAR).Stefan Scheuffelen, Jan Kemper and Malte... -
Guardian Media Group benefits from digital strategy
via warc.comGuardian Media Group’s turnaround plan appears to have paid off after the publisher of The Guardian and The Observer newspapers reported that revenue rose 3% to £224.5m in the last financial year, enabling it to hit its break-even... -
Global flight trends in the lead up to Hajj 2019
via warc.comAn estimated 1.8 million Muslims have arrived in Saudi Arabia for the annual Hajj pilgrimage, which begins today and continues until the middle of next week, and it comes as a new report has revealed global trends in flight bookings ahead of the... -
Douyin and Kuaishou audiences are increasingly overlapping
via warc.comIn China, the number of consumers using both Douyin (the Chinese version of Tik Tok) and Kuaishou has more than doubled, according to a new report.Within twelve months since June 2018, overlapping audiences increased from 72.7m to 158.8m,... -
Australia's hipages moves to The Block for branding push
via warc.comAustralian online home improvement marketplace hipages is making a big bet on TV – signing on as a major sponsor of season 15 of The Block, which will begin airing in August.The Block is a popular reality television series broadcast on the...
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