• Snap tops expectations in pricing of long-awaited IPO
Snap tops expectations in pricing of long-awaited IPO

While its app has proven immensely popular, there was some question as to how Snap would ultimately live up to its multi-billion dollar valuation and make investors money. In 2016, Snap reported a $514.6 million net loss on revenue of $404.5 million, after losing $372.9 million on $58.7 million in revenue the previous year.

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  • Trump calls for unity in Congress speech, but Democrats are skeptical
Trump calls for unity in Congress speech, but Democrats are skeptical

Likely the most vital is the federal budget. On Monday, House Speaker Paul Ryan (R-Wisc.) and Senate Majority Leader Mitch McConnell (R-Ky.) said to expect a "bold", "optimistic", and "upbeat" speech from Trump . Ideologically, about two-thirds saw Trump's speech as about right, while roughly on-quarter (26%) pegged it as too conservative. B...

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  • Law enforcement IDs man killed after incident at embattled Sabal Pipeline
Law enforcement IDs man killed after incident at embattled Sabal Pipeline

As deputies were responding to the Sabal Pipeline located on Highway 200 in Dunnellon, the suspect fled into Citrus County. The Sabal Trail Pipeline is a 515-mile natural gas pipeline that stretches from Alabama to central Florida. The suspect was involved in a crash near Floral City Park, at which time he brandished a weapon at deputies and wa...

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  • Sir Philip Green to make £363m BHS pension contribution
Sir Philip Green to make £363m BHS pension contribution

Green said the cash settlement was a "significantly better outcome" than the schemes entering the Pension Protection Fund (PPF), despite being well below the collapsed retailer's pension fund deficit. It was secured three months after it launched legal action against Green, who now owns a string of United Kingdom fashion chains including Topshop.

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  • Nigeria, Algeria, others lost $1tn to oil crash - OPEC
Nigeria, Algeria, others lost $1tn to oil crash - OPEC

Russian Federation and 10 other non-Opec producers agreed to cut around half as much. USA producers boosted crude production to more than 9-million barrels a day during the week ended February 17 for the first time since April 2016 as energy firms search for more oil, according to federal data.

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  • Exelixis, Inc. (NASDAQ:EXEL) To Report Earnings
Exelixis, Inc. (NASDAQ:EXEL) To Report Earnings

Dr. George A. Scangos, PhD is one of the biggest insider owners in Exelixis, Inc . (EXEL) in trading session dated February 01, 2017. The company's price sits 18.18% above from its 50-day moving average of $20.01 and 70.54% above from the stock's 200-day moving average of $15.30.

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  • Warren Buffett's annual letter to Berkshire Hathaway shareholders: Key takeaways
Warren Buffett's annual letter to Berkshire Hathaway shareholders: Key takeaways

Buffett also called Vanguard Group founder Jack Bogle " a hero " for his early efforts to popularize index funds. Buffett, the chief executive officer of Berkshire Hathaway, said that US businesses will be worth a lot more in the future. He said he had invested about $20 billion in stocks since shortly before the election. Passive index funds a...

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  • Trump's trade czar Ross easily wins Senate confirmation
Trump's trade czar Ross easily wins Senate confirmation

Ross is known in Japan for his takeover and restructuring of Kofuku Bank, an Osaka-based regional bank that went under in 1999, among other investments in Japanese companies. In his new role, Wilbur Ross will be among those leading a potential free-trade deal between the USA and the United Kingdom - although his comments sparked fears America wi...

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  • President Trump Begins Dismantling Obama's EPA Regulations on Waterways
President Trump Begins Dismantling Obama's EPA Regulations on Waterways

President Donald Trump Tuesday slammed the Waters of the United States rule as he signed an executive order calling for the EPA to re-evaluate regulations imposed by the Obama administration. Trump, who can not simply repeal the entire rule with the stroke of a pen, declared Obama's policy "a massive power grab" and ordered the Environmental Pr...

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  • Takata, automakers face further airbag injury suits
Takata, automakers face further airbag injury suits

The company admitted to hiding evidence that its air bag inflators were liable to explode with too much force, resulting in pieces of shrapnel flying into passengers and drivers. Yoichiro Nomura, Takata's chief financial officer offered the guilty plea on behalf of the auto parts company in a Detroit federal court. Plaintiffs in dozens of lawsu...

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  • Scott Pruitt: It's 'Justified' For People To Want The EPA Abolished
Scott Pruitt: It's 'Justified' For People To Want The EPA Abolished

And how do we know that doubling down on fossil fuel extraction won't increase global warming and lead to worse and worse natural disasters? "As we look forward to the next four years I think at this point we should recognize that we should have hope and optimism".

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  • Here's Why Tesla (TSLA) is Tumbling Today
Here's Why Tesla (TSLA) is Tumbling Today

The team, which also has the equivalent of a " Sell " rating on the carmaker, argues that "a lot more that can go wrong than can go right as the company transitions into Mr. The companys revenue was up 88.2% compared to the same quarter previous year. Equities research analysts forecast that Tesla Motors will post ($2.11) earnings per share for...

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  • Trump's Budget Plan: More Money for Defense, Less Money for the EPA
Trump's Budget Plan: More Money for Defense, Less Money for the EPA

The budget outline will be the first move in a campaign this week to reset the narrative of Mr. Trump's turmoil-tossed White House. He purportedly will submit his fiscal 2018 budget to Congress by mid-March. "U.S. companies ... just haven't had that opportunity". The president is expected to preview aspects of the budget proposal in his Tuesday a...

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  • Oil prices up amid cuts by oil producers
Oil prices up amid cuts by oil producers

Oil futures ended lower Friday, as investors booked a profit after a day after a surprise reading on US stockpiles helped lift the domestic crude benchmark to its highest close in more than a year and a half. In the past couple of months, traders have been profiting off sending oil cargoes from the North Sea, West Africa and the Americas to the Asi...

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  • Draper Esprit PLC (GROW) Receives Buy Rating from Numis Securities Ltd
Draper Esprit PLC (GROW) Receives Buy Rating from Numis Securities Ltd

Serco Group plc (LON:SRP)'s stock had its "hold" rating reaffirmed by investment analysts at HSBC Holdings plc in a research report issued to clients and investors on Friday. The company has a 50-day moving average price of GBX 3.35 and a 200-day moving average price of GBX 3.39. Draper Esprit PLC has a one year low of GBX 295.00 and a one year hig...

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  • United Launches Seasonal San Francisco Flight From Bradley
United Launches Seasonal San Francisco Flight From Bradley

Travelers will be able to fly non-stop from Bradley International Airport to San Francisco International Airport beginning this summer. "We will continue utilizing the airport as yet another resource to grow jobs and increase business activity in CT".

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  • Virender Sehwag's reply to Kargil martyr's daughter sends Twitter into frenzy
Virender Sehwag's reply to Kargil martyr's daughter sends Twitter into frenzy

The reason of the clash was an invite to JNU students, Umar Khalid, who is facing sedition charge, and Shehla Rashid to address a seminar. "She has given us complete evidence along with a list of names of the boys who have threatened her on social media".

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  • Buffett Assails Money-Manager Fees as Berkshire Reports Profit Rise
Buffett Assails Money-Manager Fees as Berkshire Reports Profit Rise

As a result, Berkshire is now reporting its longer-dated Treasury bills with its consolidated balance sheets. "Some people have come close to calling [buybacks] un-American - characterizing them as corporate misdeeds that divert funds needed for productive endeavors", Mr.

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  • Heroin Overdose Deaths Quadruple Between 2010 and 2015
Heroin Overdose Deaths Quadruple Between 2010 and 2015

Adults ages 55 to 64 saw the biggest increase in drug overdose deaths over the course of the 16-year study period. The study showed an increase in deaths related to synthetic opioids, like fentanyl and heroin, and a decrease in deaths linked to the use of natural and semisynthetic opioid analgesics, like oxycodone and hydrocodone.

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  • The Dakota Access Pipeline Could Be Operating In Less Than Two Weeks
The Dakota Access Pipeline Could Be Operating In Less Than Two Weeks

Burgum spokesman Mike Nowatzki said it was unlikely that Burgum would take action on that bill or three other bills related to protests Wednesday. But many in the camp say they're not going. The Standing Rock and Cheyenne River Sioux continue to battle the project in federal court on grounds that the pipeline presents a threat to its water and sa...

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