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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 (AP) — The U.S. Justice Department is asking to take over President Donald Trump’s defense in a defamation lawsuit from a writer who accused him of rape. Federal lawyers also asked a court Tuesday to allow a move that could put the American people on the hook for any money E. Jean Carroll might be awarded. The Justice Department lawyers argue that Trump was “acting within the scope of his office” when he denied Carroll’s allegations last year that he raped her in a New York luxury department store in the mid-1990s.She says his comments besmirched her character and harmed her career.The filing complicates, at least for the moment, Carroll’s efforts to get a DNA sample from the president as potential evidence and to have him answer questions under oath.It comes amid concerns that Attorney General William Barr has gone out of his way to intervene in other legal cases involving Trump or his allies. Barr tried to decrease the amount of prison time his office sought for Trump ally Roger Stone following a criminal trial where he was found guilty. (Stone’s sentence was later commuted by Trump.) Barr’s Justice Department has acted to dismiss its own case against former national security adviser Michael Flynn.Carroll’s lawyer, Roberta Kaplan, called the department’s argument “shocking.” 1314

NORFOLK, Va. (AP) — The U.S. government will try to stop a company's planned salvage mission to retrieve the Titanic's wireless telegraph machine. Federal attorneys are arguing the expedition would break federal law and a pact with Britain to leave the iconic shipwreck undisturbed.In their filing, the agreement with the U.K. says disturbing the Titanic where so many lives were lost should be respected. U.S. attorneys filed a legal challenge before a federal judge in Norfolk, Virginia, late Monday. The expedition is expected to occur by late August. The U.S. government filed its challenge before the same federal judge who ruled last month that the salvage firm could recover the radio. Its distress calls to other ships are credited with saving the lives of some 700 people after the Titanic struck an iceberg in 1912. 833

NIPAWIN, Saskatchewan (AP) — Canadian police said early Saturday 14 people were killed and 14 people were injured after a truck collided with a bus carrying a junior hockey team to a playoff game in Western Canada.Police say there were 28 people, including the driver, on board the bus of the Humboldt Broncos team when the crash occurred around 5 p.m. Friday on Highway 35 in Saskatchewan."We can now confirm fourteen people have died as a result of this collision," The Royal Canadian Mounted Police said in a release early Saturday."The other fourteen people were sent to hospitals with a variety of injuries; three of these people have injuries that are critical in nature."No names were released, and police would not say whether players or coaches were among the dead. There was no mention of the truck driver.The team president said parents from across Western Canada were rushing to the scene as they struggled to cope with the tragedy."It's one of the hardest days of my life," said Kevin Garinger. "There have been multiple fatalities — our whole community is in shock, we are grieving and we will continue to grieve throughout this ordeal as we try to work toward supporting each other."Michelle Straschnitzki, who lives in Airdrie, said her 18-year old son Ryan had been taken to a hospital in Saskatoon, Saskatchewan."We talked to him, but he said he couldn't feel his lower extremities so I don't know what's going on," she said. "I am freaking out. I am so sad for all of the teammates and I am losing my mind."The team was on its way to play in Game 5 of a semi-final against the Nipawin Hawks.Darren Opp, president of the Hawks, said a semi T-boned the players' bus."It's a horrible accident, my God," he said. "It's very, very bad."Opp said the coaching staff and players from the Hawks were waiting to help."They are sitting in the church just waiting to hear any good news," he said. "I've got 50 phone calls at least saying 'what do you want?'"There's uncles and moms and dads waiting to hear whether their sons and nephews are OK."It's terrible. It's absolutely terrible."Pastor Jordan Gadsby at the Apostolic Church in Nipawin said more than a hundred people had gathered at the church — including parents and grandparents of the players who were on the bus."Lots of them are waiting for information," he said. "Some of the families have gotten information and have gone to be with their kids. Some of them are waiting to hear if their kids are alive."Garinger said the Broncos are a close-knit team from the small city of Humboldt, Saskatchewan, which has a population of about 6,000.Garinger said he still didn't know the fate of one of the players living in his home."We don't know who has passed and we don't expect to know right away," he said. "We know that the coroner and their office needs to do their work and let families know."Garinger said all the team can do now is help the players and their families any way they can."We just need to try to support each other as we deal with this incredible loss to our community, to our province, to our hockey world."Kevin Henry, a coach who runs a hockey school in Prince Albert, said he knows players on the team."This is I would think one of the darkest days in the history of Saskatchewan, especially because hockey is so ingrained in how we grow up here," he said.STARS air ambulance said it sent three helicopters to the scene.The Saskatchewan Junior Hockey League is a junior 'A' hockey league under Hockey Canada, which is part of the Canadian Junior Hockey League. It's open to North American-born players between the ages of 16 and 20."I cannot imagine what these parents are going through, and my heart goes out to everyone affected by this terrible tragedy, in the Humboldt community and beyond," Canadian Prime Minister Justin Trudeau tweeted.  3845

North Korea has been sending supplies to Syria that could be used to produce chemical weapons, a United Nations Security Council diplomat has told CNN.Speaking on condition of anonymity, the diplomat said that North Korea had sent acid-resistant tiles, valves and thermometers to Syria. The diplomat was citing a report on North Korea authored by a UN panel of experts.The details come just two days after the Syrian regime was accused of carrying out a chlorine gas attack on Eastern Ghouta, a suburb in the Syrian capital, Damascus.  548