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NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000

NEW YORK, N.Y. — A man was fatally shot by police after shots rang out at the end of a Christmas choral concert on the steps of a Manhattan cathedral on Sunday, officials said. The shooting happened just before 4 p.m. at the Cathedral Church of Saint John the Divine, mother church of the Episcopal Diocese of New York and seat of its bishop. 350

NEW YORK (AP) — It’s baby No. 3 for John Legend and Chrissy Teigen. The couple revealed they are expecting in Legend’s new video for the song “Wild,” which premiered Thursday and features Teigen and Legend holding her baby bump at the end of the clip. The video also features their 4-year-old daughter Luna and 2-year-old son Miles. “Wild,” featuring Grammy-winning singer-guitarist Gary Clark Jr., is from Legend’s recent album “Bigger Love.” The video, shot in Mexico, was directed by Nabil Elderkin, who introduced Legend to Teigen 14 years ago. Legend and Teigen were married in 2013. 596

NEW YORK (AP) — A judge has denied President Donald Trump's request that the United States replace him as the defendant in a defamation lawsuit that alleges that he raped a woman in a Manhattan luxury department store in the 1990s.The decision Tuesday by U.S. District Judge Lewis A. Kaplan came after the Justice Department argued that the U.S. and by extension American taxpayers should replace Trump as the defendant in the lawsuit filed by E. Jean Carroll.The judge ruled that Trump's public denials of the rape allegation came outside the scope of his employment as president.The Washington Post obtained Kaplan’s 59-page ruling, which said Trump didn’t qualify as a federal “employee” and that he wasn’t acting “within the scope of his employment” when he denied Carroll’s rape allegation during 2019 interviews.During those interviews, Trump claimed Carroll was “totally lying” to sell a book and denied ever meeting her, though they were photographed together in the late 1980s.Carroll’s lawsuit claims the president harmed her reputation when he denied the allegation and branded her a liar, The New York Times reports. 1136

Next week, folks who are traveling can expect really crowded airport lines.There will be a 7 percent increase in those flying to their Thanksgiving celebrations, the Transportation Security Administration announced.The Thanksgiving rush at airports will last 10 days beginning Nov. 16 and stretching to Nov. 26.The Sunday after Thanksgiving is likely going to be the heaviest travel day of 2018, officials said — it is expected to break into TSA's top 10 busiest days ever. 481