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'We have not decided if we will go public in 2019': Airbnb cofounder hints at IPO delay "We have already said that we are taking the steps to be ready to go public in 2019. That doesn't mean we will go public in 2019," Nate Blecharczyk said. Gabrielle Lurie/Reuters We have not decided if we will go public in 2019, and our focus is on building a 21st-century company, and we're all committed to that goal, Blecharczyk added Other major IPOs expected on Wall Street this year include Uber, Lyft, Slack, and Pinterest
Smartphone sales in China plummet to their lowest in six years Smartphone sales in China are down 20 percent from just a year ago. The wider regional canvas spans China's economic slowdown -- its worst in almost three decades -- and a tit-for-tat trade war with the US that's seen Beijing place tariffs on $110 billion of American goods And everyone from OnePlus to Samsung will try to prove IDC right this year
Rubio slams Huawei: They shouldn’t be in business in America It’s a national security issue, the Florida senator said. In China Huawei has to give the Chinese anything they ask for, he said If this was a Japanese company, a South Korean company that’d be a trade issue… there is no trade deal, no matter how good it is, that can make up for to directly steal and spy on America
China emerges as grave risk for Korean economy Korea is the most China-exposed country in the Asia Pacific region, and high reliance on China for export effectively widened the risk premium for investors, according to Alicia Garcia-Herrero, Asia Pacific chief economist at Natixis Global Market Research
U.S. business spending on equipment increases strongly in January New orders for key U.S.-made capital goods rose by the most in six months in Jan... The economy is losing steam as the stimulus from a $1.5 trillion tax cut fades TAME INFLATION In the 12 months through February, the PPI rose 1.9 percent The U.S. central bank raised interest rates four times in 2018 Our Standards:The Thomson Reuters Trust Principles
U.S. core capital goods orders post biggest gain in six months New orders for key U.S.-made capital goods rose by the most in six months in Jan... The economy is losing steam as the stimulus from a $1.5 trillion tax cut fades A trade war between the United States and China, slowing global economies and uncertainty over Britain’s exit from the European Union are other factors that are also hurting activity Our Standards:The Thomson Reuters Trust Principles
The latest yield curve inversion is yet another warning in the bond market — an expert says it's one of 'four horsemen' predicting recession The 5-year US Treasury note yield has been lower than the 3-month Treasury bill yield since March 7. It's worrying, says a Duke University professor. When the yield curve inverts - meaning short-term interest rates are higher than long-term rates for at least a full quarter - recession tends to occur within 12 to 18 months To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
Smartphone shipments to China hit six-year low in February: market... Smartphone shipments to China in February fell to their lowest in six years, mar... trade war, hurt demand for gadgets across the board Apple cited slowing iPhone sales in China when it took the rare step of cutting its sales forecast earlier this year The firm then teamed up with China’s Ant Financial and local banks to offer interest-free iPhone financing in its first such move in the country as it looked to boost waning sales Our Standards:The Thomson Reuters Trust Principles
Huawei CEO: US scare tactics will frighten off investors Huawei founder Ren Zhengfei says the US government's campaign to label his company a security threat will end up damaging the country's international reputation. If he intimidates a country today, threatens a company tomorrow or wantonly arrests someone, then no one would dare invest in the United States If not, how can they tell other countries that your networks would be safe without Huawei That's why we want to make clear our stance by suing the US government
Japanese firms offer smaller pay raises as economy wobbles Big Japanese firms offered smaller pay increases at annual wage talks on Wednesd... We made the decision as the sales tax rises in autumn, while taking into account the need to raise productivity, competitiveness and respond to unionists’ motivations, Tatsuro Ueda, chief officer at Toyota’s general administration and human resources group, told reporters