This is what traders are talking about.
Shares of the ride-hailing company tanked 10.9% to $37.10 apiece on Monday, finishing 17.5% below their initial-public-offering price of $45 a share.The next-day service will apply to orders costing at least $35 and will be rolled out in Phoenix and Las Vegas on Tuesday..
"The disruptors will be disrupted in the next 5 or 10 years," Rajeev Misra, the CEO of Softbank Investment Advisers, said at the Milken Institute Global Conference."I believe that a lot of what we take for granted today — like the smartphone, which didn't exist 12 years ago — will change dramatically."Hong Kong's Hang Seng led the losses in Asia and Britain's FTSE was out front in Europe. The S&P 500 was set to open higher by 0.5% near 2,827.
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