What Happened: Shares of social network Snapchat (NYSE: SNAP) jumped 27.5% in the afternoon session after the company reported first-quarter results with revenue beating expectations, driven by better-than-expected daily active users. Its revenue growth and higher operational efficiency also enabled it to post positive EBITDA…
The US government has asked leading artificial intelligence companies for advice on how to use the technology they are creating to defend airlines, utilities and other critical infrastructure, particularly from AI-powered attacks. The Department of Homeland Security said Friday that the panel it’s creating will include CEOs from some of…
The Mexican Peso falls against major peers as inflation outlook in US, Europe and UK remains stickier than expected. This will probably lead to interest rates remaining higher for longer providing support to MXN’s counterparts. USD/MXN’s short-term trend looks increasingly sideways as it yo-yos in a range. The Mexican Peso…
In a significant move to enhance understanding and promote responsible innovation within the Web3 space, Hedera, in partnership with the Blockchain Foundation, has announced the launch of an Education Learning Briefing Series. This initiative, designed to explore critical aspects of responsible innovation, is set to unfold across several U.S. cities…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The wealth gap between rich millennials and the rest of their age group is the largest of any generation,…
Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the stock down 10% on Friday to their lowest level of the year.Although Intel’s revenue is no longer shrinking and the company remains the biggest maker of processors that power PCs and laptops,…
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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. The Federal Reserve’s favorite inflation reading is due Friday morning. For Wall Street,…
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By Shristi Achar A and Shashwat Chauhan(Reuters) – Wall Street’s main indexes…
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