A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
Twitter's ability to keep costs low despite fierce competition and heightened regulatory scrutiny will not last, according to MoffettNathanson, which reiterated its sell rating Monday.
For the first two quarters of 2018, Twitter has reported operating expense growth at an impressive 0 percent and 3 percent, respectively, analyst Michael Nathanson wrote. But a quick glance at the company's recent filings at the Securities and Exchange Commission appear to tell a different tale.
"For a business locked in competition with industry giants and under siege from regulators, reported operating expense growth has been amazingly low," the analyst wrote. "After digging into the most recent 10-Qs, we would argue that true underlying cost growth has actually been materially higher in the range of 13 percent to 15 percent."
And those costs aren't likely to retreat anytime soon, Nathanson added, pointing to Twitter's "dire need to improve platform safety" and invest in video content.
The company is in the midst of an intense cleanup effort, removing millions of suspicious accounts that post misleading links, sensitive information or disturbing content. Washington lawmakers are cracking down on social media giants like Facebook and Twitter as regulators attempt to thwart foreign interference in U.S. elections.
Nathanson lowered his price target to $21 from $23, implying more than 30 percent downside from Friday's close over the next year.
Twitter did not immediately respond to CNBC's request for comment.
"Twitter's core non-stock based expense profile has actually been growing double digits in 2018, rather than the near zero rates reported," the analyst added. "However, ramifications for Twitter's top-line have been well covered as our revenue estimates are close to the Street's. Now, instead, we are most concerned about cost growth."
Twitter's stock fell 4.1 percent Monday following the MoffettNathanson note. Shares are up 21.3 percent since January, but down 36 percent over the last three months.