U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Investors should sell Snap shares due to significant negative sentiment from its core users over its latest app revision, according to one Wall Street firm.
MoffettNathanson, a boutique shop specializing in media and telecom, reiterated its sell rating on Snap shares, citing criticism of the social media company from its focus group surveys.
Snap shares fell 8.9 percent Monday.
"We hosted focus groups with three distinct cohorts – middle school students, high school students, and young college graduates," analyst Michael Nathanson wrote in a note to clients Monday. "Our first takeaway is that Snap's redesign has clearly been a bust. All three groups were uniformly disapproving of it … A year ago Snap was widely described as 'fun.' This year, the key word was 'annoying'!"
Nathanson reaffirmed his $10 price target for Snap shares, representing 37 percent downside to Thursday's close.
The analyst noted the focus groups disliked the new contacts page, Stories losing its own section and the increased frequency of alerts. He cited how the battery usage percentage for Snapchat declined 6 percentage points to 31 percent of all apps for middle school students versus a year ago.
"Betting on Snap's ability to monetize is a gamble we wouldn't want to take," Nathanson wrote.
Snap did not immediately respond to a request for comment.
Disclosure: CNBC parent NBCUniversal is an investor in Snap.