Wall Street is looking to stabilize following yesterday’s sell-off, as Chinese trade negotiators travel to Washington for high-level talks on Thursday and Friday. That leaves at least one more day for markets to contemplate how the talks will turn out and whether the cracks showing in the stock rally are real. It's also possible the rout sparked by the President’s tariff threats won't be bad enough to force a rethink, giving him a green light to impose the new levies. (SA)
An increase in the number of people looking for love — or something a little less long term — online via the dating app Tinder underpinned forecast-topping revenue growth for Match Group in its first quarter. Match said the number of average subscribers across its suite of services, which include Tinder, Hinge and OKCupid, rose 16 per cent in the three months ended March 31 from a year ago, to 8.6m. Total revenue increased 14 per cent from a year ago to $464m. (FT)
Lyft has told investors 2019 will be its “peak loss year” as the ride-hailing company posted a $1bn-plus quarterly loss and warned revenue growth would slow this year, in its first results as a public company. The group on Tuesday said its net loss jumped to $1.14bn, or $48.53 a share. Revenue for the first quarter rose 95 per cent from a year ago to $776m, slightly higher than analyst expectations. (WSJ)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.