China Out-Winking Trump For The Long Run Win

China knows what it’s doing in negotiations with President Donald Trump on trade. In recent months, Beijing has shown a willingness to make  concessions. It’s lowering tariffs on auto imports. It’s opening its  financial markets  to foreign lenders. And it will start allowing US automakers to make cars in the country without local business partners. But as notable as those changes are, China…

Uber post $2.5 Billion profit, sort of

Uber just turned a big profit — but don’t get used to it. The startup said Wednesday that it posted a $2.5 billion profit in the first quarter after years of mounting losses. However, the impressive figure was almost entirely the result of Uber ceding two of its operations abroad to rivals. Uber said it gained about $2.9 billion on…

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