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Snapchat shares plummet as Snap Inc's first results are out


Summit Redstone began coverage on Snap in a research note on Monday, March 27th. Atlantic Securities began coverage on Snap in a research note on Tuesday, February 21st. The business had revenue of $149.60 million during the quarter, compared to analyst estimates of $158.32 million. The firm's revenue for the quarter was up 285.6% on a year-over-year basis. Read More »

Palestinians hope for settlement curb if peace talks resume

A senior Israeli Foreign Ministry official aware of the preparations for Trump's visit told Al-Monitor that Prime Minister Benjamin Netanyahu is confident that he can convince Trump to stay away from any new peace process initiative based on the Arab initiative. Read More »

High school student dies after drinking too much caffeine

A 16-year-old Spring Hill High School who collapsed in a classroom died from ingesting too much caffeine, the county coroner said Monday. Davis Allen Cripe died April 26 at Palmetto Health Parkridge Hospital after collapsing at Spring Hill High School. Read More »

Trump administration delays Paris climate agreement decision

Espinosa refused to comment on the impact of a possible US withdrawal from the talks or even the entire climate change accord. Trump's inner circle has been tasked with providing the president, who has flirted with ditching the landmark agreement, with a range of policy options. Read More »

Operation under way to 're-establish order' in Ivory Coast: army chief


Six people, including a mother of three, were wounded when renegade soldiers in Ivory Coast opened fire at a protest against an army mutiny in Bouake , according to witnesses. Numerous soldiers were outraged after a spokesman for the soldiers announced on Thursday they would abandon demands for the remaining bonus. Bouake was the epicentre of the mutiny in January by the former rebel soldiers who had been integrated into the army. Read More »

North Korea launches missile; launch being assessed


Although the type of missile is not known, the USA had been expecting the North to fire a KN-17 medium-range ballistic missile, Martin reports. Moon also ordered Seoul's military to maintain readiness, and to work closely with the U.S. South Korea's Joint Chiefs of Staff said the missile was sacked early on Sunday morning from near Kusong, in North Phyongan province. The U.S. believes the ballistic missile North Korea launched on Saturday was a KN-17 medium range missile and not a new ... Read More »

Cyber-attack 'unprecedented' in scale

He warned that more people may be hit by the virus Monday when they return to work and switch on their computers. "They're processing a lot of sensitive data", he said. Britain's official emergency committee, known as Cobra, met in London Saturday afternoon to discuss the cyber attack that has caused widespread disruption to the country's National Health Service (NHS). Read More »

Oil rises after US inventories drop, but extra supplies weigh

The development came after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts. The Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russian Federation, have pledged to cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year. Read More »

Trump Insists No Evidence of Collusion With Russia


According to multiple news reports, Yates warned the White House that Flynn's phone calls with Moscow envoy Sergey Kislyak, which USA intelligence secretly monitored, could leave him open to blackmail. According to Spicer, Flynn was not removed from his duties immediately because of "an element of due process" after the White House "was informed of [Yates] giving us a heads up". Read More »

Warren Buffett Jokes, But Not About Berkshire Paying a Dividend

And, of course, the government isn't very good at that", Munger said. Apple's (AAPL) brand loyalty and reasonable valuation is what convinced billionaire investor and Bershire Hathaway (BRK.A) (BRK.B) Chairman and CEO Warren Buffett to invest in the company, Buffett told CNBC Monday. Read More »

Snapchat's Growth Stalls in Facebook's Shadow in 1Q Report

Despite less-than-stellar growth reports, the 26-year-old Spiegel was defiant and laughed off concerns that Facebook was encroaching on Snapchat's turf, a move CNBC's Jim Cramer called "so arrogant". "Time will tell whether that's possible", he added. The company attributed $2 billion of its loss for the quarter to stock-based compensation expenses related to its IPO. Read More »

Goldman Sachs warns oil prices on the brink of 'capitulation'

Higher output in non-Opec countries, particularly the United States, Canada and Brazil, has offset Opec's deal reached past year to cut production and kept pressure on oil prices. While US oil inventories fell, the country's crude oil production continued to rise, jumping above 9.3-million barrels a day last week, in what is now a more than 10% increase since its mid-2016 trough. Read More »

No China investor meetings this weekend for Kushner firm


This program grants residency to foreign investors if they invest at least $500,000 in a project that creates jobs in the U.S. The changes Kelly is considering, which have already gone through extensive review and public comment, would make it much more hard to attract foreign money to projects in relatively prosperous areas, such as the one in Jersey City, experts said. Read More »

Anthem gives up Cigna bid, vows to fight on over damages


Anthem said Friday that Cigna sabotaged the merger agreement and caused "massive damages" for Anthem , which provides Blue Cross-Blue Shield coverage in several states. On the rare occasions when the Cigna team did speak, it usually didn't help Anthem's position. The high end of that range includes extra debt the company could take on if it chose to make acquisitions, Cordani has said. Read More »

'Stagnant' buyer demand puts the brakes on United Kingdom housing market


However, this is from a low base, and concerns around a shortage of supply persist, with new buyer enquiries continuing to rise at a faster rate than instructions to sell. In Central London the indicator on prices has been in negative territory for 13 months. In addition, price growth has eased noticeably in in East Anglia recently and, along with the North East was not seen to have seen any increase in April. Read More »

Australia plans major spending plus surplus in 3 years

The government also plans to increase taxes and charges. APRA will get A$4.2 million in additional funding over four years and an annual A$1 million for a fund to enforce breaches where banks fail to meet expected standards. Mr Morrison clarified that to say it was $36.5 billion although he also mentioned the figure $35.6 billion. A central plank of the 2017 Budget is tough new measures on banks to boost competition in the sector. Read More »

Trump says 'everybody', not just Australia, has better healthcare than US


Turnbull said he did not discuss with Trump any changes to Australia's military commitment in the Middle East during "a good, broad discussion". " Obamacare is dead! But our healthcare will soon be great", Trump tweeted on Friday. "So again, I think he was complimenting the prime minister and we're focused on putting a healthcare plan in place that works here". Sanders was also forced to defend Trump's decision to spend a long weekend at his golf club in Bedminster, New Jersey, about 40 ... Read More »

Wife of American detained in North Korea pleads for his release


The wife of an American citizen detained in North Korea for suspected "hostile acts" against Pyongyang, has pleaded for his release, the media reported . The university said in a statement early Monday that Kim Hak Song was doing agricultural development work at an experimental farm. One other of the four Americans detained, Kim Sang-duk, also taught at PUST. Read More »

United Airlines has reached a settlement with the passenger who was


The settlement comes as United announced a new incentive for passengers to voluntarily give up seats on overbooked flights. United took "full responsibility" for what unfolded on Flight 3411 "without attempt to blame others", he added. The airline then summoned the officers, who forcibly removed Dao. Dao's flight out of Chicago was overbooked, and United randomly selected him to be removed from the plane (which they had no legal right to do). Read More »

Syrian refugees name baby after Canadian PM Justin Trudeau


Another Syrian refugee family named their son Justin, after Trudeau. last November. "We love this man, we appreciate him", Ms Bilan told the newspaper. He helped a lot of refugees. "Canada is much more safe - there's no war, nothing ", Afraa Bilan told the BBC by telephone. According to Afraa, children are normally named after their grandparents in Syria but the couple wanted a different Canadian name for the baby boy born in the country that accepted them. Read More »

Rough road: Last-place Giants delayed by bus breakdown


One day after the Giants allowed 13 runs and issued 12 walks in an unsightly loss, they cracked another vanity mirror. Their team is doing good things. Billy Hamilton reached on an error and scored on Joey Votto's single. The trip to the airport was delayed by only a few minutes. The Reds ("Los Rojos") and Giants ("Gigantes") wore jerseys with Spanish-language versions of their nicknames in honour of Cinco de Mayo. Read More »

Target increases its free shipping threshold as Amazon drops it


Wal-Mart's not the only retailer rolling out new programs in order to compete - Target is trying to get in on the action too. The Amazon move comes as Walmart, which has gotten more aggressive in the past year in competing with Amazon , has itself lowered free shipping minimum thresholds. Read More »

Elon Musk: Robot software will make Tesla worth as much as Apple


That's one reason why the deal between Mobileye - the autonomous driving system company with which Tesla famously parted ways - and Intel was worth so much. Last week, Tesla began pushing out a software update to vehicles sporting the company's next-gen Autopilot hardware. Off the highway, Tesla removed the 35 miles per hour threshold and now allows drivers to take advantage of Autosteer at speeds 5 miles per hour faster than the detected speed limit. Read More »

Auto rental company Hertz falls on bigger-than-expected loss


Shares in the Florida-based company tumbled more than 17 per cent in extended trading on Monday after the company reported a net loss of $223m or $2.69 a share from continuing operations, compared with a narrower loss of $52m or 61 cents a share in the year-ago period. Read More »

Why is crude oil unable to recover?

West Texas Intermediate for June delivery rose as much as 76 cents to $46.98 a barrel before Al-Falih's comments on the New York Mercantile Exchange and traded at $46.37 at 7:40 London. With just over a fortnight until the much anticipated OPEC meeting, Brent crude traded at around $49.23 a barrel on Tuesday, down 0.18 percent, while USA crude was around $46.33 a barrel, down 0.26 percent in early afternoon deals. Read More »

Marine Le Pen supporters shrug off euro flip-flops, back Frexit idea

France votes for a new president on Sunday (Monday NZ Time), a ballot being watched closely by financial markets and France's neighbours as a test of the global populist wave. "He is called Emmanuel Macron ". "Today", she told a crowd of several thousand, "the adversary of of the French people is still the world of finance, but this time it has a name, it has a face, it has a party, it is fielding its candidate who could be elected". Read More »