Fellow Republicans rebuke Trump over government shutdown threat

Fellow Republicans rebuke Trump over government shutdown threat

Fellow Republicans rebuke Trump over government shutdown threat

NEW YORK/WASHINGTON (Reuters) - Donald Trump's fellow Republicans rebuked the president on Wednesday after his threat to shut down the U.S. government over funding for a border wall rattled markets and cast a shadow over congressional efforts to raise the country's debt ceiling and pass spending bills. Congress will have about 12 working days when it returns on Sept. 5 from its summer break to approve spending measures to keep the government from shutting down, and a deadline also is closing in for raising the cap on the amount the federal government may borrow.


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Uber reports second-quarter loss of $645 million; ride bookings grow

Uber reports second-quarter loss of $645 million; ride bookings grow

By Heather Somerville SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] reported on Wednesday that its losses narrowed in the second quarter by 9 percent and ride bookings rose, but the company is still a long way from being profitable. Uber said its net loss was $645 million, down from $708 million in the first quarter and $991 million in the fourth quarter of last year. The steady shrinking of losses signals Uber's efforts to rein in massive spending to subsidise rates for both drivers and customers and other competitive tactics as it battles rivals in tough markets like South Asia.


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