IPOs

Luckin Coffee, a fast-growing rival to Starbucks in China, jolted higher in its U.S. stock market debut Friday.

The Israeli-based startup hopes to raise $100 million.

Pinterest, fresh off its initial public offering, posted a loss for the first three months of the year that was larger than analysts were expecting, though revenue was slightly stronger.

After two rough trading days since the debut of its stock, the ride-hailing CEO urges his team to be positive.

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

The ride-hailing's stock continued to fall.

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.

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.

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.