Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
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Japan's Panasonic said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company.Technologyread more
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution...Asia Marketsread more
Research analyst Adam Jonas, a long-time Tesla bull, said it's extremely unlikely that big tech firms like Apple or Amazon would buy it.Technologyread more
The disclosures come as a federal judge ruled Wednesday that two other banks — Deutsche Bank and Capital One — can give financial documents to Congress, NBC News reports.Politicsread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
The president may have more success in the court fights to come, including appeals in the cases decided this week. But the two losses are nonetheless a dramatic setback for...Politicsread more
Bankers with Snap's IPO roadshow have cast the company's leader as an innovator, like Steve Jobs or Mark Zuckerberg, who can reach beyond the company's ephemeral messaging platform to become a pre-eminent content and media company, the sources told the Journal, in an article published Thursday.
That also means that Snap hopes to grow its share price beyond the IPO, something Twitter has struggled to do. Though its disappearing images are beloved by teens, Snap must sell investors that it is worth the hype.
Snap is reportedly looking for a public offering worth about $25 billion, opening the highly valued social media company to regular investors. The company is notoriously secretive, and the disclosures required by an IPO could provide new revelations about Snap's inner workings.
Snap, like Facebook, is expanding what its technology can do and becoming more friendly for advertisers, said Kate Mitchell, co-founder of technology investment firm Scale Venture Partners. In Snap's case, that means scooping up rivals around augmented reality, said Mitchell, whose firm invests in marketing companies like BrightRoll and HubSpot.
"Like Twitter and Facebook, they've developed themselves initially as a social environment — one of the fastest-growing ever, by the way — particularly for millennials," Mitchell told CNBC's "Squawk Alley " on Thursday. "I think they're off to a very promising start. They're thinking big early on, which is smart."