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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. – The American Civil Liberties Union (ACLU) is calling for the Department of Homeland Security (DHS) to be dismantled.Specifically, the ACLU wants DHS to be broken apart into various federal agencies and to have its federal budget shrunk. The organization believes this will allow for more effective oversight, accountability and public transparency. Nearly 20 years of abuse, waste, and corruption demonstrate the failure of the DHS experiment.Many knew DHS to be an ineffective superagency, but President Trump has converted DHS into our government’s most notable badge of shame.— ACLU (@ACLU) August 10, 2020 The ACLU’s executive director, Anthony D. Romero, called for the dismantling in an op-ed published by USA Today on Sunday.In the article, Romero argues that the actions of federal agents in Portland and other cities have shown that DHS isn’t capable of acting consistently with the U.S. Constitution.“The scenes unfolding in Portland, Oregon, and elsewhere are a reminder of the red flags many have raised about DHS throughout its history: that its powers are too great, and that it lacks the oversight and management to be effective,” wrote Romero. “We can preserve our freedoms and our security better by dismantling DHS and beginning anew.”DHS was established in 2002 in response to the attacks on September 11, 2001. The department says its mission is to secure the U.S. from the threats the nation faces.“This requires the dedication of more than 240,000 employees in jobs that range from aviation and border security to emergency response, from cybersecurity analyst to chemical facility inspector,” writes the department. “Our duties are wide-ranging, and our goal is clear - keeping America safe.”Romero says DHS’ short history has been filled with violence and fear mongering. He points to several reported incidents like the surveillance of Black Lives Matter activists, the fatal shootings of foreign nationals across the border, and the separating of children from their parents at the border.Romero claims President Donald Trump has converted DHS into the government’s “most notable badge of shame” and the director asserts that Trump has used DHS as his personal militia.“Donald Trump should not be allowed to provide a precedent for future presidents with authoritarian tendencies to repeat the injustices we are enduring,” writes Romero. “Dismantling DHS into its component parts would restore greater balance to our system of checks and balances.”A DHS spokesperson provided us with this statement, accusing the ACLU of supporting "violent opportunists." 2607

NORTH MIAMI BEACH, Fla. (AP) — Police say a 29-year-old South Florida man shot his mother following an argument over orange juice, an air conditioner remote and the use of her car. Luis Pages told police he “he lost it” during the Sunday evening argument and shot 59-year-old Miriam Gonzalez multiple times in their North Miami Beach home. He's charged with one count of second-degree murder and is being held without bond. Pages told investigators he tried to shoot himself too, but was out of bullets. He then called 911. When an officer arrived Pages told him, “take me to jail." 590

NEW YORK (AP) — The U.S. has surpassed 1 million new confirmed coronavirus cases in just the first 10 days of November, with more than 100,000 cases each day becoming the norm in a surge that shows no signs of slowing. The latest surge in U.S. coronavirus cases appears to be much larger than the two previous ones, and it is all but certain to get worse. Deaths are climbing again, reaching an average of more than 930 a day. However, experts say medical and testing advances give them reason to believe the nation is better able to deal with the virus this time. On Monday, the number of coronavirus cases in the US passed 10 million since the start of the pandemic.Despite a rise in recorded cases, the University of Washington's IHME model projects up to 2,000 coronavirus-related deaths per day by the end of December. During the height of the pandemic in April, the US roughly averaged 2,000 coronavirus-related deaths per day. 942

Nissan is preparing to oust its chairman, Carlos Ghosn, after announcing the discovery of "significant acts of misconduct" over many years by him and another top executive."Nissan has been providing information to the Japanese Public Prosecutors Office and has been fully cooperating with their investigation," the Japanese carmaker said in a statement. "We will continue to do so."It said an investigation found that Ghosn and another board member had been under-reporting Ghosn's compensation."Numerous other significant acts of misconduct have been uncovered, such as personal use of company assets," Nissan (NSANY) added.CEO Hiroto Saikawa will propose to Nissan's board of directors to "promptly remove Ghosn from his positions as chairman and representative director," the company said.Shares in French automaker Renault (RNSDF), of which Ghosn is CEO, plunged as much as 13% in Paris. Nissan's announcement came after the close of trading in its shares in Tokyo. 977