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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

Newly published emails indicate that Natalia Veselnitskaya, the Russian lawyer who met with Trump campaign associates in 2016, once worked with Russia's chief legal office in an effort to thwart the Justice Department, The New York Times reported on Friday.The newspaper notes that the disclosure suggests that the lawyer had closer ties to the Kremlin than she had previously suggested.The Times reported that, according to an NBC News interview to be broadcast Friday, Veselnitskaya disclosed that she was a "source of information" for Russian Prosecutor General Yuri Chaika. 585

NORFOLK, Va. - The first presidential debate of 2020 was all some voters needed to watch before heading to the polls.“[I] tuned into most of the debate last night, and that really solidified my decision to vote today,” said William Jimenez.But the thought of this year’s election is nerve-wracking for some voters.“Regardless of political persuasion and who you intend to vote for, people across the political spectrum are all experiencing that kind of stress,” said Gary Roftus, the director of Fairfield Psychological Associates.Jimenez says this election is important.“A lot is on the line. A lot is at stake,” he adds.Election stress - according to the American Psychological Association, it’s affecting more than 50% of Americans.Gabrielle Harrell felt the pressure at the polls Wednesday.“It’s been very stressful. As I was filling out the ballot, I was triple-checking to make sure I’m checking the right box,” Harrell said.Roftus says people are already stressed with the coronavirus.“We’ve never had an election where we are told is the most important election ever in the middle of a pandemic,” he adds.As we get closer to November 3, Roftus says politics comes up in his counseling sessions.“Inadvertently or directly because it's bothering them, people are bringing up the election all the time,” he adds.Roftus says the additional voting options are affecting stress levels.“Sometimes some people are uncertain as to where they should vote, whether they should vote by mail, is their ballot going to be accepted?"For people who want to get rid of some of that election stress, voting early is an option.Roftus says it gives some people some comfort and relief. Some voters agree.“I do feel better having done it,” Harrell adds.Experts say it’s also best to take a break from politics if you can, but most importantly, take care of yourself.“Try to get enough rest and eat properly,” said Roftus.This story was first reported by Nana-Séntuo Bonsu at WTKR Norfolk, Virginia. 1993

New York City Mayor Bill de Blasio has told top brass at the city's police department to stop arresting people who are caught smoking marijuana in public, according to a City Hall aide.Currently, smoking in public can lead to arrest, while possession of small amounts of marijuana can lead to a summons.This weekend, the mayor told the NYPD to issue summonses for smoking pot in public, instead of making arrests.The NYPD has already begun a working group to evaluate its marijuana enforcement procedures and present its recommendations within 30 days, at the mayor's request. The mayor made it clear this weekend that ending public marijuana smoking arrests is one of the changes he wants.Any changes to NYPD's policy on smoking in public would not take effect until the end of the summer.NYPD Deputy Commissioner of Public Information Phil Walzak told CNN that the 30-day working group is already underway, and that the issue is "certainly part of that review.""The working group is reviewing possession and public smoking of marijuana to ensure enforcement is consistent with the values of fairness and trust, while also promoting public safety and addressing community concerns," Walzak said. 1204

NEVADA — The wait continues to see who will clinch the needed 270 electoral votes to win the presidency. Ballots are still being counted in critical battleground states, including Nevada.Nevada's six electoral college votes could be the deciding factor in this election.So what's taking so long to count the ballots?"It's taking a little longer than normal this year because every active voter received a mail-in ballot this year," explained Nevada Attorney General Aaron Ford."Processing mail takes time because election officials must ensure that no one has more than one vote," he said."And counting ballots has also taken time because we have many safeguards in place to prevent fraud," added Ford, "such as signature verification, unique bar codes and other tools."Ford says officials knew the ballot counting process would take some time this year and adds that our counting procedures are overseen by a bi-partisan board in each county.He also says state officials have zero concerns about the ballots right now and are more focused on being accurate and fair.The Clark County Registrar of Voters Joe Gloria will provide daily updates on behalf of the county at 10 a.m.This story originally reported by Alicia Pattillo on ktnv.com. 1247