Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Snapchat users are livid over the app's recent redesign, prompting a barrage of criticism on social media. Wall Street is taking notice and growing concerned over the company's user numbers and financial results.
In a note Tuesday morning, Citigroup warned clients that it downgraded Snap's stock to a sell rating, citing the flood of negative reviews.
"While the recent redesign of its flagship app could produce positive long-term benefits, the significant jump in negative app reviews since the redesign was pushed out a few weeks could result in a decline in users and user engagement, which could negatively impact financial results," wrote Citi's Mark May on Tuesday.
Shares of Snap fell more than 7 percent Tuesday.
The app's new design is a marked departure from its previous layout and was supposed to make the software easier to navigate. However, many critics on Twitter and Reddit are finding it more unwieldy than before and tailored to advertisers instead of users.
The company did not immediately respond to a request for comment.
The update combines Stories and incoming Snapchats on one "Friends" page, while conversations are no longer ranked in chronological order. An algorithm now sorts Stories from friends it thinks you care about most.
In order to rewatch a Story, users have to swipe up and search a specific friend's name; the page is full of sponsored content and features celebrity stories.
Citi's May also cut his price target on the company to $14, implying 31 percent downside from Friday's close; the analyst sees daily active users growing 18 percent in 2018, matching its year-over-year performance in 2017.
The updates are so unpopular that nearly 1.5 million people have retweeted a petition asking Snap to revert to the old version.
Disclosure: CNBC parent NBCUniversal is an investor in Snap.