Snap shares plunge nearly 30%, closing at lowest since early 2019
Shares of Snap continued to plunge Friday after the company reported weaker-than-expected revenue for the third quarter.
CNBC US News
Steve Bannon sentenced to 4 months in jail for contempt of Congress
Former top Trump White House advisor Steve Bannon was sentenced for defying a subpoena from the House probe of the Jan. 6 Capitol riot.
Elon Musk says a global recession could last until the spring of 2024
Tesla founder Elon Musk thinks the global economic contraction can last for another year and a half.
Apple's top designer is leaving the company three years after taking over from Jony Ive
Hankey took over for former Apple design chief Jony Ive three years ago and was responsible for much of Apple's industrial design work.
Four U.S. states order a metaverse casino to halt sale of NFTs
A metaverse casino was hit Thursday with a multistate emergency cease-and-desist order.
Uncertainty clouds holiday shopping for consumers as inflation takes a toll
To combat higher prices, shoppers plan to make fewer purchases and at a discount this holiday season.
U.S. Defense secretary speaks with Russian counterpart as war in Ukraine enters ninth month
The last known instance of the two leaders speaking was in May.
Amazon hires Hawaiian Air to fly rented Airbus cargo jets to replace older freighters
Amazon has also teamed up with another U.S. airline, Sun Country, to fly cargo jets.
Sen. Lindsey Graham loses appeals court bid to stall testimony in Trump election interference probe
A grand jury in Georgia is investigating Donald Trump for possible criminal interference in the 2020 presidential election, which he lost to President Joe Biden.
Here's why it's so hard to find cheap airfare this year — and why 2023 isn't looking much better
Airline executives have said consumer demand has remained resilient despite higher fares.
An often-overlooked economic measure is signaling serious trouble ahead
According to The Conference Board's Leading Economic Indicators index, conditions worsened in September.
Fed's Harker sees 'lack of progress' on inflation, expects aggressive rate hikes ahead
Philadelphia Federal Reserve President Patrick Harker on Thursday said higher interest rates have done little to keep inflation in check, so more increases will be needed.
Trump lashes out at judge who said former president knowingly pushed false voter fraud case
U.S. District Judge David Carter ordered pro-Trump attorney John Eastman to turn over dozens of documents to the House probe of the Jan. 6 Capitol riot.
GM's new GMC Sierra EV will offer traditional truck buyers an upscale electric alternative to the Hummer
The GMC Sierra EV Denali Edition 1 comes with much of the same technology offered on the wild Hummer EV in a more traditional pickup package.
Snap plunges more than 25% on third-quarter revenue miss
Snap reported disappointing revenue figures on Thursday, after the company put in place cost-cutting measures to boost profit.
Vista's Robert Smith says investing in DEI businesses vitally important in a bear market
The billionaire investor said the allocation of capital toward diverse businesses "needs to be more sustainable."
Existing home sales fall to a 10-year low in September, as mortgage rates soar
Sales of previously owned homes fell 1.5% in September from August to a seasonally adjusted annual rate of 4.71 million units.
American Airlines expects fourth-quarter profit thanks to strong travel demand
American's revenue rose to a record $13.46 billion in the three months ended Sept. 30, up 13% from 2019 despite flying nearly 10% less.
Tesla shares slide after Q3 revenue miss, Bernstein says earnings call 'didn't sit well with us'
Shares of Tesla fell Thursday after the electric vehicle maker missed analyst revenue estimates.
Cryptocurrency service provider agrees to return $17 million to digital lender Celsius as it reorganizes in bankruptcy
Prime Trust agreed at a hearing at the U.S. Bankruptcy Court for the Southern District of New York on Thursday to return the money to settle a lawsuit.
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