Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Shares of Snapchat parent company Snap rose on Thursday after Bank of America said a recent spike in app downloads will drive better revenue results for the company’s upcoming second-quarter earnings. “In May, Snap’s ‘gender-face-swap’ filter went viral and SnapKit app ‘Yolo’ reached
Investing
Shoppers browse the aisles during a Black Friday sale at a Target store, Friday, Nov. 23, 2018, in Newport, Ky. John Minchillo | AP Here are the biggest calls on Wall Street on Thursday: Goldman Sachs initiated Target, Walmart, Costco, Home Depot & Lowe’s as ‘buy’ & adds Target to the ‘conviction buy’ list Goldman
Delivery trucks sit parked at loading docks outside the Fastenal Co. distribution center in Jessup, Pennsylvania. Luke Sharrett | Bloomberg | Getty Images For those who don’t see the trade war with China hurting U.S. business, a big industrial with a $17 billion market value just sounded the alarm on tariffs costs and related inflation.
Customers shop at a Target store in Seattle, Washington. David Ryder | Bloomberg | Getty Images In a world of retail “winners and losers” Goldman Sachs is betting on big-box retailers it feels will shoot up over the next year. The firm recommends Target, Costco, Home Depot and Walmart among others because of their strong
2020 Democratic presidential candidate and U.S. Rep. Alexandria Ocasio-Cortez (D-NY), speaks at the 2019 National Action Network National Convention in New York, April 5, 2019. Lucas Jackson | Reuters National Economic Council Director Larry Kudlow praised Democratic Rep. Alexandria Ocasio-Cortez on Thursday after the left-wing lawmaker urged Federal Reserve Chair Jerome Powell to keep monetary