President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Snap soared after an earnings report that beat analyst expectations, with shares jumping up to 28 percent during after-hours trading.
The company reported Q4 earnings on Tuesday after the bell:
Though the company is still not profitable, it grew revenue 72 percent year-over-year and showed a 46 percent increase year-over-year in revenue ARPU. Cash burn decreased to $225 million, down 49 percent from the previous quarter. Shares at one point traded above the $17 initial public offering price set in March 2017.
Snap announced during the previous quarter it was redesigning its app to attract new users and usher in new ways to monetize its app. It began slowly rolling out changes in November 2017. Recently it announced would allow users to share some content across Twitter and Facebook, a first for the app which was initially built around disappearing messages.
GBH Insights chief strategy officer Daniel Ives said in a note the redesign should help attract older users, a key advertising target. He added advertisers are overall positive on the company, indicating sales and ad prices should increase. However, he acknowledged Snap faces many issues, including ARPUs that are below industry averages and competition from other social networks like Instagram, Facebook and Twitter. Instagram Stories, Facebook's Snapchat competitor, announced 300 million daily active users in November, although some reports have indicated users spend more time on Snap than on its rival.
Disclosure: CNBC parent NBCUniversal is an investor in Snap.