British Prime Minister Theresa May is expected to make a final attempt at persuading lawmakers to back her "new" Brexit deal on Wednesday but the agreement — and May's...Europe Politicsread more
Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 24.34 riyals ($6.49) in early deals in Riyadh.IPOsread more
There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.Politicsread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Snap, the maker of Snapchat, saw its stock price shoot up as much 11% in after-hours trading on Tuesday after beating analyst expectations. However, the stock gave up most of those gains during the company's earnings call, as investors digested the numbers a bit more. It's currently up only about 1%.
The company posted a slimmer-than-expected loss for the first quarter as it continued to grow its user base and advertising revenue.
Here's how the company did compared with analyst projections:
"In the first quarter we delivered strong results across our business with growth in daily active users and revenue," said CEO Evan Spiegel in a statement.
Snap kept its user growth momentum going on Tuesday, saying it now counts 190 million daily active users, up from 186 million last quarter.
Snap's share price is up more than 100% year to date after a fast start in 2019. Besides resurging user growth, Snap has announced a new gaming platform, new original shows, an ad network and more augmented reality features. The company has also completed the roll out of its re-engineered Android app.
During the company's earnings call, Spiegel said Snapchat's Android app is now available on all Android devices, which he said creates an opportunity to increase the app's user base.
"There are billions of Android devices in the world that now have access to an improved Snapchat experience, and we look forward to being able to grow our Snapchat community in new markets," Spiegel said.
One analyst expressed caution with Snap's user base and how attractive it can be to advertisers.
"Our primary concern is when you have a younger millennial audience on this platform, can you monetize this audience?" said Brent Thill of Jefferies.
Disclosure: CNBC parent NBCUniversal is an investor in Snap.