Money

Snapchat's growth stalls in Facebook's shadow in 1Q report

The company said it brought in $149.6 million, a 300 percent increase from a year ago, but well short of Wall Street's $ 158 million estimates . Revenue was als...


Macron unveils fresh faces for French parliamentary election

So far the names of only 14 candidates are known, but on Thursday afternoon "around 450" will be revealed, Jean-Paul Delevoye of Republic on the Move said. She ...


Tim Cook: Apple creating $1B fund to bring manufacturing jobs to US

Cook, who was in India past year, said he agreed that Apple was "underpenetrated" in the market. While Cook did not address Trump by name during his intervi...


Snap CEO Evan Spiegel is not afraid of Facebook. Not. One. Bit

Snap, the company best known for its Snapchat app, reported a $2.2 billion loss in its first quarter as a publicly traded company. Snapchat shares were do...


United States announces deal to boost exports with China

Ross called the agreement a "herculean accomplishment" and argued the deal represented the biggest accomplishment in US-China trade negotiations "in the whole h...


Federal Reserve Leaves Interest Rates Unchanged

The U.S. Federal Reserve voted to leave its benchmark interest rate unchanged on Wednesday while expressing concern with the pace of economic growth. And the In...


BMW is officially bringing back the 8 Series

Three new colors - two shades of blue and a new orange - are complemented by four new optional wheel designs. Of course, the talking point of the 530d is the ...


Turkey detains dozens of former bourse staff over Gulen links

Turkey abolished the death penalty in 2004 because that is a requirement for joining the European Union. Ankara has accused Gulen, who has lived in the USA st...


BT boss drops bonus as annual profits fall 19% to £2.4bn

He said: "Unfortunately our performance has been significantly affected by the accounting irregularities in our Italian business, the issues that arose in Openr...


Apple Surprises With Another iPhone Decline

Quartz suggested that when Apple "unveils a new iPhone that doesn't look like the last three models it's released, sales will spike once more". It is true ...


SBI Buddy to permit ATM cash withdrawals

All cash withdrawals through ATM will now be charged at Rs. 25 per transaction. It was a day of confusion and panic following unconfirmed reports the Stat...


The debut for Hughes: Canada rookie tied for lead at Players

Garcia and Willy Wilcox have recorded holes in one on that par-3 hole in the past two years. Hughes tied for the lead Thursday in scrambling, converting all...


Snap Shares Plunge 22% After Disappointing Q1 Results

The result was impacted by a US$2 billion share-based expense related to the company's IPO , which held its initial public offering ( IPO ) in March. Analysts ...


Turkmenistan expected to join OPEC-led oil supply cut

And, it is no surprise that Saudi Arabia , the world's largest exporter, is the key OPEC member. But the market along with analysts have demonstrated a knack...


Paytm looking to snap up FreeCharge for $45-90 million

Sources said Snapdeal founders would get about $30 million each, while NVP could get close to United States dollars 80 million and stake in the merged/new ent...


Australian Bank Stocks Smashed on Rumors of New Levy

This tax is borne by these people. In a financial programme that the government hopes will revive its popularity with voters, Australia's most prominent banks...


UK's Labour Party stung by early leak of election platform

According to the leaked manifesto, Labour will promise to renationalise rail and mail services and take some of the energy sector into public hands. The draft...


Coca-Cola European Partners plc (CCE) Earns "Buy" Rating from Barclays PLC

Union Bankshares Corp increased its stake in The Coca-Cola by 5.8% in the first quarter. Perhaps, that suggests something about why 0.32% of the outstanding sha...


Trump to launch panel to investigate voter fraud

He has been advising Trump, who right after his election claimed that he lost the popular vote because millions of undocumented immigrants voted illegally. In...


No, Trump didn't invent 'prime the pump'

I mean, I just ... He tells The Economist magazine he "came up with it a couple of days ago, and I thought it was good". In a frostily polite thread, the di...


Reserve Bank leaves OCR unchanged at 1.75 per cent

Forrester, however, concedes the RBNZ will try to do all it can to shield the exchange rate from going any higher, although whether that includes leaving the fo...


Trump says he reversed major NAFTA decision after pleas from Mexico, Canada

Relative calm returned on Thursday after Trump's comments, and the Mexican peso strengthened 0.86 percent against the US dollar, while the Canadian dollar was f...


Warren Buffett To Shareholders: 'We Messed Up By Not Investing In Amazon'

And if Berkshire does decide to pay dividends, it would have to commit to maintaining that payout over time, Buffett said, as cutting it could have disastrous c...


The Nixon Library is taking umbrage at people calling Comey's firing 'Nixonian'

Democratic Sen. Chuck Schumer responded to Comey's dismissal by calling for a special prosecutor in the investigation of ties between Donald Trump's campaign an...


Coach buys Kate Spade for $2.4bn (£1.85bn)

Luis added: "Through this acquisition, we will create the first New York-based house of modern luxury lifestyle brands, defined by authentic, distinctive produc...


Tunnel with nuclear waste collapses in Washington state

The U.S. Department of Energy issued an emergency alert Tuesday morning at the Hanford site north of Richland, Washington , after a tunnel at a radioactive...


South Carolina reacts to Comey getting fired by Trump

President Donald Trump abruptly fired FBI Director James Comey Tuesday, ousting the nation's top law enforcement official in the midst of an investigation int...


Darren Soto glad Puerto Rico will seek Bankruptcy-like measure under PROMESA

Simon Johnson, a professor of entrepreneurship at the MIT Sloan School of Management, warned Tuesday that failure to activate Title III would result in "chaos",...


Stock Technicals in Spotlight: Direct Line Insurance Group PLC (LSE:DLG)

Among 10 analysts covering Allegheny Tech ( NYSE:ATI ), 7 have Buy rating, 1 Sell and 2 Hold. Numis Securities maintained the shares of PAY in report on Thursda...


China factory gate inflation slows as commodity prices drop

Food prices declined 3.5% from a year earlier, compared with a 4.4% drop in March. Deflation in the food basket receded in April to just minus-1.8% from March...


Worst flooding in decades hits Montreal

Quebec has been devastated, with almost 1,900 flooded homes in roughly 130 municipalities, from the Ontario border in the west, to the Gaspe peninsula - and the...


Carolina North? Buffalo Bills steal away Panthers assistant GM Brandon Beane

Beane replaces Doug Whaley, who was sacked after the conclusion of the 2017 NFL Draft . According to National Football League reporter Ian Rapoport , the le...


ConvaTec Group PLC (CTEC) PT Raised to GBX 290

Therefore 58% are positive. The lowest target is $57 while the high is $60. Innospec had 4 analyst reports since October 12, 2015 according to SRatingsIntel. Le...


Sinclair close to buying rival TV operator Tribune

He added that Sinclair is open to swapping stations so that it could expand into new markets as it comes into compliance with the regulators. Tribune Media ...


Russian government releases photos of Oval Office meeting

Russian Foreign Minister Sergei Lavrov, the highest-ranking Russian official to visit Washington since Trump came to power in January, earned a rare invitation ...


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