News

The company's operations might change fundamentally after its big defeat in court, a group of pundits believe.

A fresh move by an analyst following the stock didn't do it any favors.

The announcement comes amid a challenging period for the Snapchat owner, as it contends with major social media players such as Instagram parent Meta Platforms and Bytedance's TikTok for advertising revenue. At the start of August, Snap projected a weak forecast for the current quarter, citing a decrease in advertising spend and is now expected to report fiscal 2024 revenue of $5.34 billion, according to LSEG data. Snap's stock has fallen around 48% so far this year.

After several years of keeping a low profile, largely in part to the FTX scandal and conviction of Sam Bankman-Fried, crypto firms are making their way back into professional sports

The drop in the benchmark retail diesel price is a lot smaller than what is going on in futures markets. The post Benchmark diesel price drops a little; oil futures markets drop a lot appeared first on FreightWaves.

Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any customer had in WazirX is unlikely to be recovered. Last week, WazirX asked a Singapore High Court for six months' protection while it restructures its liabiliti

The migration to POL from MATIC will also bring in some tokenomics changes with a new emission rate of 2% annually.

(Bloomberg) -- Brazil’s state-controlled oil producer Petroleo Brasileiro SA tapped global bond markets to borrow $1 billion, joining a wave of sales by other emerging-market companies and governments.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatPetrobras sold dollar-denominated notes due in 2035, according to people familiar with the matter, who asked not to be identified because they’re not authorized to spea

Four team members listed in World Liberty Financial's white paper previously worked on Dough Finance, which was drained of $2 million in July. One also founded Date Hotter Gir...

(Bloomberg) -- Emerging-market assets fell for a second day amid a rout in commodity prices and with traders focused on a slew of economic data that will provide more clues on the Federal Reserve’s rate-cut path.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatGauges for emerging-market stocks and currencies extended losses after US manufacturing activity shrank in August for a fifth month, reflecting faster rates