Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
Snap shares dropped about 7 percent on Thursday, after reality star Kylie Jenner told her 24.5 million Twitter followers she no longer uses the app.
Snap lost well over $1 billion in market capitalization on Thursday.
Jenner added her voice to a growing chorus criticizing Snapchat's redesign.
People have criticized the app for blurring separate features together and promoting sponsored content. Almost immediately after she posted it, Jenner's tweet attracted the attention of some Twitter bots.
Two bots with the same profile picture and close to the same Twitter handles as Jenner took notice. They proceeded to tweet at Jenner 9 times.
Each had the same message and shared a link to the same website, labeled "malicious" by anti-virus software.
Despite an avalanche of criticism, prompted in no small part by the revelation of Russian meddling on social media, major tech companies still struggle to distinguish between real and automated users, and to prevent "fake news" from spreading on their platforms.
Jenner wasn't the only critic of Snap this week.
Analysts on Citi downgraded the stock of parent company Snap on Tuesday, contributing to a stock drop of 7 percent. And boutique telecom analysis firm MoffettNathanson reiterated its sell ratings on Snap and Twitter shares on Thursday, slapping Snap with a $10-a-share target, a 46 percent downside to Wednesday's close.
"Despite huge positive moves in Snap and Twitter … we find these names even more overvalued than before," Nathanson wrote.
Snap also released its annual report on Thursday, which revealed more details about the company's executive compensation, M&A and financials over the past three years — and highlighting the nearly unprecedented combination of pay and power awarded to CEO Evan Spiegel.
— CNBC's Tae Kim and Anita Balakrishnan contributed to this report.
Disclosure: CNBC parent NBCUniversal is an investor in Snap.