Uber Technologies Inc. in its first financial report as a public company, posted first-quarter sales near the high end of its previously disclosed preliminary results.The company also reported a US $1.01 billion quarterly loss, among the largest of any public company. Nelson Chai, the chief financial officer, laid out a path for costs to eventually come down.

General Motors Co. and Ford Motor Co. each fell more than 3%. The latest blow in the trade disputes adds to a month that has trimmed 12% from the 24-member S&P Supercomposite Automobiles and Components Index, shaving about $20 billion in market value in May through Thursday.It was on track to be the worst month for the sector since December’s 14% slump, although Friday’s declines could push the group beyond that.

U.S.consumer prices increased by the most in 15 months in April, which could support the Federal Reserve’s contention that recent low inflation readings were transitory and allow the central bank to keep interest rates unchanged for a while.

Uber Technologies Inc UBER 0.22% had a bigger earnings loss than expected, but narrowly beat the Street on revenue in its first-ever earnings report as a public company.

After unsettling investors last quarter with a muted outlook for fiscal 2019, Dollar General's (NYSE: DG) first-quarter results released Thursday indicated that the current year may yet hold promise.Let's sift through the most important details of the quarter below, and also review management's outlook for the remainder of the year. Note that all comparative numbers in this article are presented against the prior-year quarter.

KFC is joining the long list of restaurants thinking about adding plant-based meat substitutes to its menu.

Gap Inc. shares tanked Thursday after the apparel retailer reported quarterly earnings and sales short of Wall Street estimates, and slashed its full-year profit outlook.

China, the world’s largest soybean buyer, has put purchases of American supplies on hold after the trade war between Washington and Beijing escalated, according to people familiar with the matter.

China’s manufacturing activity contracted more than expected for in the month of May amid a bitter trade war with the U.S., Chinese government data showed on Friday. The official manufacturing Purchasing Managers’ Index (PMI) for May came in at 49.4, lower than the 49.9 economists polled by Reuters had forecast. April’s reading was 50.1.

The fate of the updated trade deal between the U.S., Mexico and Canada was thrown into question after U.S. President Donald Trump announced Thursday that his country plans to impose a 5% tariff on all Mexican imports from June 10.  

Gap cut its 2019 profit forecast and posted the biggest drop in same-store sales in at least three years at its Gap brand.The cut reflects struggles to compete within the fashion sector in the face of changing customer preferences. Chief Executive Officer Art Peck called the quarter “extremely challenging” and cited unusually cold weather in February, late spring breaks, a delayed Easter and lower tax refunds as reasons for the dour performance. Chief Financial Officer Teri List-Stoll said there was a lack of strong products at both Old Navy and Gap in the first quarter and said the company had held back on marketing until designs and assortments improved.  Sales at established Gap brand stores fell 10% in the three months ended May 4, steeper than the 4% decline analysts had estimated.

Interest rates on U.S. 30-year fixed-rate mortgages fell below 4% for the first time since January 2018 in step with declining U.S. bond yields due to growing trade tension between China and the United States, Freddie Mac said. Thirty-year mortgage rates averaged 3.99% in the week ended May 30, down from 4.06% a week earlier and 4.56% a year ago, the mortgage finance agency said. The average 15-year mortgage rate fell to 3.46% from 3.51% the week before.It was 4.06% a year earlier.  Interest rates on five-year adjustable mortgages averaged 3.60%, down from 3.68% the prior week and 3.80% from the year before.

President Donald Trump said on Thursday the United States will impose a 5% tariff on all goods coming from Mexico starting on June 10 until illegal immigration across the southern border is stopped

Shares of AMD surged as high as 12% following after the announcement about upcoming chips that could take away market share from rival Intel. Several new third-generation Ryzen PC chips will be released in July that will use the company’s “Zen 2” core technology.Apparently, a new Radeon card performed better than a card from rival Nvidia. In the third quarter, new third-generation Epyc chips for servers that use the “Zen 2” core will follow. Analysts have changed the rating to outperform for AMD and believe that the company has significantly improved in 2019 and will further improve the next year.

Japan’s leading automaker Toyota Motor is contemplating to invest $550 million in Chinese ride-hailing giant Didi Chuxing.Previously, it has made large investments in other ride-hailing firms such as Uber and Grab as more and more traditional automakers are competing towards cutting edge technology when it comes to vehicles.

Shares of Dick’s Sporting Goods surged after the company reported quarterly earnings that beat forecasts and raised its full-year outlook.Climbing 18% over last year, the retailer’s stock was up 6.2% initially and was again 2.1% in premarket trading. Key highlights of the quarter include: net income of $57.5 million, or 61 cents per share versus $60.1 million or 59 cents a share a year earlier; increase in sales by 0.6% to $1.92 billion higher than expected $1.9 billion; expected adjusted full-year earnings of $3.20 to $3.40 up from previous range of $3.15 to $3.35; flat overall same-store sales compared to a drop of 2.5% a year earlier; and online sales increased by 15%. Dick’s same-store sales growth is expected to recover in the second quarter as it continues to elevate its product assortment with key brands such as YETI.

Tech giants, civil society groups and Ivy League security experts have condemned a proposal from Britain’s eavesdropping agency as a “serious threat” to digital security and fundamental human rights. In an open letter to GCHQ (Government Communications Headquarters), 47 signatories including Apple, Google and WhatsApp have jointly urged the U.K. cybersecurity agency to abandon its plans for a so-called “ghost protocol.”

Walt Disney Co Chief Executive Bob Iger told Reuters on Wednesday it would be “very difficult” for the media company to keep filming in Georgia if a new abortion law takes effect because many people will not want to work in the U.S. state.

On Thursday, McDonald’s will open a new flagship store in Times Square, expected to be its busiest in the U.S.

Although he believes that the company’s earnings could beat consensus estimates by two cents a share when it reports its results next month, he also seems to think that earnings will most likely fall short of consensus expectations going forward. The company has had its share of challenges in recent times.In January, it voluntarily recalled certain bags of its Gold Medal branded unbleached flour over salmonella concerns. However, there could be some potential tailwinds (atleast for the near-term).