China Slump

Say hello to another glum day on the markets, courtesy of the U.S.-China trade war. China doesn’t seem keen to resume trade talks due to American “insincerity” and tariff threats, and Beijing is indicating it will prop up the domestic economy with stimulus measures. The Hang Seng is down 1.2% and the Shanghai Composite 2.5%, the Stoxx Europe 600 is down 0.6% and U.S. futures look in line with Europe. Bring on the weekend! Bloomberg

Pinterest Drops

Wall Street may have liked Pinterest’s Q1 sales, which slightly beat estimates, but not so much its full-year outlook. After the digital scrapbooking company released its first post-IPO results, its shares dropped as much as 19%. Its growth seems to be slowing, and profitability is not in sight yet. Fortune

Google Antitrust

Google is facing a…

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Source: http://fortune.com/2019/05/17/china-pinterest-bitcoin-ceo-daily-for-may-17-2019/