5. Uber shares fell 12% yesterday, more than doubling their losses since their market debut.
The stock hit a low of $36.58, valuing the company at about $14 billion (£10.80 billion) less than the IPO price of $45 when it was valued at $82bn.
4. A group of US consumers has been given the go-ahead by the Supreme Court to sue Apple over app prices.
The iPhone users argued that there is no alternative place to buy an iPhone app, but that Apple takes a 30% commission on every sale, so therefore they are being overcharged.
3. WhatsApp has urged all of its 1.5bn users to update their apps as Hackers were able to remotely install surveillance software on phones and other devices using a major vulnerability.
WhatsApp, owned by Facebook, said the attack targeted a "select number" of users, and was orchestrated by "an advanced cyber actor".
2. Vehicles sales in China, the world’s largest auto market, fell 14.6% in April, to 1.98 million vehicles, from the same month a year earlier, marking the 10th consecutive month of decline.
1. China and the United States both have the “ability and wisdom” to reach a trade deal that is good for both, the Chinese government’s top diplomat said, as Donald Trump said he thought recent talks in Beijing would be successful.
The slightly more optimistic comments came after both sides ramped up their trade war, with China announcing details of new tariffs against U.S. imports yesterday, following the United States’ move last week to target Chinese imports.
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One of Bonmarche’s largest shareholders said it was ‘disgusted’ after the troubled retailer dropped its opposition to a £5.7m takeover bid from retail tycoon Philip Day, Pallet company adds to Woodford’s woes, Mr Woodford was in line for a £135m windfall after a private equity firm confirmed it would buy the owner of used car website webuyanycar.com
Five financial stories, trending today in a 60 second podcast, including: British car production fell by 15.5% in May, the 12th month in a row of declines due to a slump in demand for diesel vehicles, new regulations and uncertainty over Brexit in recent months.
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