Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.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
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Snap CEO Evan Spiegel vowed Thursday that his company will remain independent five years from now.
"Will Snap be an independent company?" asked CNBC's Andrew Ross Sorkin.
"Yes, sir," answered Spiegel, speaking before an audience at the annual DealBook conference in New York.
"We have a real belief in what were trying to accomplish, and we believe that it's fundamentally different from what we're seeing in the world," Spiegel said after Sorkin asked what it would take for the company co-founder to sell Snap. "We really just want to make sure that we can continue to make that vision real."
Spiegel and Snap have endured a tough 2018 that has seen the departure of notable executives, the company's stock price hit all-time lows and its Snapchat lose its place as most popular among teenagers to rival Instagram.
Despite those challenges, Spiegel said employees remain committed to the company's vision of improving how people live and communicate through camera technology.
"Five years from now I think people are going to start beginning to see how important the camera is as a tool in their lives," Spiegel said. "People are going to be using the camera in ways that they can't even imagine today, in a way that makes it as essential a tool as your phone is."
During the interview, Spiegel also discussed Snap's focus on rebuilding its Android app, saying that one way Snapchat can continue growing is through expansion in emerging markets where Android devices are the dominant smartphones.
"One of the things that has been a challenge for us for perhaps too long is Android," Spiegel said. "We're effectively doing six, seven years of Android product development in one year to rebuild the product in a way so it can really perform for users who maybe don't have the top Androids."
Spiegel also addressed the issue of spam, malicious and harmful content that has been afflicting social networks like Facebook, Twitter and Facebook-owned Instagram by saying that "these problems are impacting these platforms because they've created an environment where that sort of behavior thrives."
"There's actually a higher propensity for negative content to be shared on these services because negative content has more engagement," he said. "You've ended up with systems that incentivize negative behavior."
Disclosure: CNBC parent NBCUniversal is an investor in Snap.