Snap shares hit record low as user growth miss unnerves investors
(Reuters) – Snap Inc’s shares fell more than 14 percent to hit a record low on Friday morning after messaging app Snapchat’s daily active user growth missed expectations for the second quarter in a row.
Nvidia shares fall as investors fret over data center growth
(Reuters) – Nvidia Corp’s high-flying stock fell 6 percent on Friday as second-quarter sales in its fast-growing data center and autonomous driving businesses failed to live up to Wall Street’s lofty expectations.
Exclusive: Saudi Arabia favours New York for Aramco listing despite risks – sources
DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the…
Amazon looks to new food technology for home delivery
SAN FRANCISCO (Reuters) – Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business.
After a long drought, bear market funds attract buyers
NEW YORK (Reuters) – Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive.
U.S. economic expansion to last another two years or more: Reuters poll
BENGALURU (Reuters) – The U.S. economic expansion will last at least another two years, according to a majority of economists polled by Reuters who also forecast growth will not accelerate the way the Trump administration has predicted.
U.S. conducting criminal probe focused on Malaysia 1MDB’s stolen funds
KUALA LUMPUR (Reuters) – The U.S. Justice Department is conducting a criminal probe into 1Malaysia Development Berhad (1MDB) and has asked for a stay on its civil lawsuits in connection with $1.7 billion in assets allegedly bought with money stolen fro…
China investigates top local social media sites in push to control content
BEIJING (Reuters) – China is investigating its top social media sites, including WeChat and Weibo, for failing to comply with cyber laws, the latest step in the country’s push to secure the internet and maintain strict Communist Party control over cont…
Google cancels staff meeting over fears of online harassment
(Reuters) – Alphabet’s Google canceled on Thursday a company-wide meeting scheduled to discuss the controversy over a memo opposing diversity policies, the company said, citing concerns about personal attacks on employees from far-right commentators.
Nuclear nerves wipe $1 trillion off world stocks
LONDON (Reuters) – The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion on Friday, as investors again took cover in the yen, the Swiss franc, gold and government bonds.
