After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread more
See which stocks are posting big moves after the bell.Market Insiderread more
Snapchat's advertising revenues are likely to slow this year, with the photo-sharing app set to make $774.1 million, down from a predicted $935.5 million a year ago.
Most of this revenue, some $642.5 million, will come from the U.S., according to a report by eMarketer. That figure is down from the $770 million forecast by the research company in March.
Of those joining the platform in the U.S., many are older than you might think.
"More than 50 percent of our daily new users in the U.S. are over the age of 25. I think that's something really key that marketers should be aware of," James Borow, director of revenue programs at Snap, told eMarketer.
Marketers have expressed mixed feelings about Snapchat, with ad agencies telling CNBC in August that interest in the platform is flat to dwindling.
Meanwhile, Martin Sorrell, chief executive of the world's largest ad agency group WPP, said his company would spend $200 million on Snapchat on behalf of clients this year, double its spend in 2016. But Sorrell called this figure "a flea on the elephant's backside " compared to Facebook, on which it will spend more than $2 billion in 2017.
The average time people in the U.S. spend on Snapchat versus Instagram is neck-and-neck, according to eMarketer predictions. Users spent 16 minutes a day on Snapchat in 2014 with that figure set to increase to 28 minutes in 2019. Time spent on Instagram is set to rise to 27 minutes in 2019, from 18 minutes in 2014.
The rivalry between Snapchat and Instagram is hotting up. Instagram launched Stories in August 2016, a Snapchat-like feature where pictures and video disappear after 24 hours, while last month Burger King and U.K. grocery store Sainsbury's said they were the first advertisers to film an ad using Snapchat Spectacles.
A representative for Snapchat was not immediately available for comment.