Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
The launch comes as Apple's laptops have been criticized for a keyboard design that users say breaks easily and results in key presses resulting in doubled-up characters or...Tech Driversread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
The White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Stock pickers are having their best year in a decade, according to Bank of America Merrill Lynch.Marketsread more
Binky Chadha, chief equity strategist at the firm, expects the market to pull back over the next three months before quickly bouncing back up.Investingread more
Comcast is working on a device to monitor people's health at home, as well as some media and communications services, according to people familiar with the plans.Technologyread more
The Twitter co-founder and Obvious Ventures partner spoke about Beyond Meat on Tuesday at Collision Conference in Toronto.Technologyread more
Snap announced six new original and third-party games that will begin rolling out on its flagship Snapchat app Thursday. The feature is a way for Snap to entice its Gen Z audience in a new way as other free-to-play games like Epic Game's "Fortnite" and EA's "Apex Legends" continue to capture teens' interest and time. Shares of Snap were up 1.1 percent following its series of announcements at the Snap Partner Summit Thursday.
Snap is betting that engagement with games will also lure more advertising dollars to its platform with non-skippable, six second video ads. Analysts were still skeptical about the company's ability to maintain its user base even after posting better than expected earnings with stabilizing user engagement in its fourth quarter 2018. Snap's stock is down about 23 percent over the past 12 months, but has seen a significant rally over the past six months, rising 45 percent to trade around $11.28 on Thursday.
Snap's advertising model stands in contrast to the subscription gaming service Apple plans to launch this fall. Apple Arcade will feature over 100 games exclusively on Apple devices, the company announced at a media event last month, though it has yet to name a price for the bundle.
Google has also gotten into the gaming space, announcing last month it will launch a new streaming service called Stadia this year, which will let users play high quality games without expensive gaming consoles or computers. But like Apple, Google has yet to name a price for the service.
Snapchat users will be able to access games directly from the chat feature of the app and invite friends to join them. In prepared remarks for Thursday's announcement, Snap Director of Product Will Wu said the company wanted to create a gaming platform that made it easier to play games with friends on mobile.
"We wanted to build something that makes us feel like we're playing a board game with family over a long holiday weekend," Wu said. While there are several steps involved in getting a group of friends to join a game together on a separate app, Wu said Snapchat's existing platform gives it "the right ingredients to break down these barriers."
The first of Snap's games to launch will be Bitmoji Party, an original game that lets users compete as their Bitmoji avatars, which are cartoon-like characters designed by users. Snap will soon roll out its third-party games as well, including two battle-royale games, the same style as "Apex Legends" and "Fortnite."
In addition to Snap Games, the company announced several other new features at its event Thursday. Snap will also introduce "app stories" that let third-party apps like Tinder, HouseParty and AdvertureAide allow their users to create custom stories through the Snapchat app. It also plans to launch a new lineup of original shows and a new augmented reality feature.