The market has been riddled with worry that the fallout from a costly trade conflict will undercut an already slowing global economy and hurt corporate profits. Source: NYT > Business – Associated Press
Tech Stocks Sink after Google Cuts Huawei Off Android Support
Selling was especially heavy among semiconductor stocks, as investors grappled with the prospect that the administration order cuts off the flow of crucial microchips to Huawei, a major customer. Source: NYT > Business – MATT PHILLIPS
How a Lone Norwegian Trader Shook the World’s Financial System
A futures bet gone spectacularly wrong provoked a daylong crisis at one of the clearinghouses that are supposed to be global safeguards. Source: NYT > Business – JACK EWING and MILAN SCHREUER
Lyft Prices I.P.O. at $72 a Share, Marking Arrival of Gig Economy to Wall Street
Lyft’s I.P.O. heralds a new generation of Silicon Valley darlings on the public markets. Uber, Pinterest and Slack are expected to follow. Source: NYT > Business – MICHAEL J. de la MERCED and KATE CONGER