Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
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Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
Snap plans to set a final price for its stock March 1, and will begin trading on the New York Stock Exchange the next day, according to the company's roadshow schedule, sources told CNBC.
The parent company of the Snapchat photo app will sell itself to investors with the angle that CEO Evan Spiegel is the product visionary, while chief strategy officer Imran Khan will present on the company's business opportunity. Chief financial officer Andrew Vollero will take a lesser role.
Spiegel and Khan will emphasize that users love the product and spend lots of time in it, rather than focusing on the number of users. This argument could be used to counter the fact that the company's user growth started to slow down in the last half of 2016, according to its IPO filing.
This slowdown in user growth could create a challenge for the company, VC Chamath Palihapitya told CNBC on Wednesday, as Snap will have to rapidly increase the amount of money it makes per user in order to keep growing its revenue at a rate that justifies its valuation and become profitable. The company's revenue grew almost sevenfold between 2015 and 2016, to $404 million, but it lost $520 million last year.
Snap sees its IPO pricing at between $14 and $16 per share, according to a regulatory filing released Thursday, which would value the company at between $19.5 billion to $22.2 billion. However, that price could change depending on perceived demand from investors.
— Reporting by CNBC's Leslie Picker and Sally Shin