|Uber Proposals Value It at $120 Billion in Possible 2019 IPO|
Uber Technologies recently received proposals from Wall Street banks valuing the ride-hailing company at as much as $120 billion in an initial public offering that could take place early next year.
|Walmart's Largest Acquisition Ever Will Hit Profit|
Walmart lowered its profit targets and said it would open just 10 new U.S. stores next fiscal year, as the world’s biggest retailer focuses its efforts on e-commerce shopping.
|Apple 'Deeply Apologetic' Over Account Hacks in China|
Apple apologized over the hacking of some Chinese accounts in phishing scams, almost a week after it emerged that stolen Apple IDs had been used to swipe customer funds.
|Microsoft Co-Founder Paul Allen Dies at 65|
Microsoft co-founder Paul Allen, who helped pioneer the personal-computer industry, died just two weeks after revealing that a cancer he successfully received treatment for several years ago had returned.
|Biosimilar Humira Goes on Sale in Europe, Widening Gap With U.S.|
Cheaper copies of the world’s biggest-selling drug will roll out across Europe after a key European patent for Humira expires, but U.S. patients and insurers will have to wait to access less-expensive versions of the blockbuster drug.
|U.S. Deficit Swells in Fiscal 2018 as Tax Cuts Take Bite|
The federal deficit widened 17% last year amid higher government spending and flat revenues following last year’s tax cut.
|U.S. Tax Changes Hit Global Investment Flows|
Global business investment flows fell sharply in the first six months of the year, as U.S. companies repatriated profits in response to changes in the country’s tax law, the United Nations said.
|Yellen Calls Trump's Attack on Fed Counterproductive|
Former Fed Chairwoman Janet Yellen said President Trump’s attacks on the central bank could be counterproductive if they cause investors to doubt the Fed’s commitment to keeping inflation in check.
|U.S. Retail Sales Rise Less Than Expected in September|
American consumers reined in their spending at restaurants and department stores in September, resulting in the second straight month of weak retail spending.
|U.S. to Blame for Weaker China Currency|
If the Chinese yuan is being manipulated, it is arguably because China is keeping it strong while the U.S. dollar rallies against an array of emerging-market currencies.