By Nivedita Balu and Medha Singh (Reuters) - Snap Inc shares plunged more than 40% and sparked a sector-wide selloff on Tuesday after a profit warning from the Snapchat parent signaled tough times ahead for the once-booming digital ad industry. The company was on...
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US
Marketmind: Whack-a-mole on markets
A look at the day ahead in markets from Saikat Chatterjee. While investors obsess over what the world's biggest central bank might do next, the uneasy calm prevailing in global markets is under threat. First, Russia has edged closer to default after the United States...
In a faceoff with Elon Musk, the SEC blinked
By Chris Prentice and Michelle Price WASHINGTON (Reuters) -U.S. securities regulators have pulled their punches in dealings with Elon Musk largely because an April 2019 court hearing on a statement he made about Tesla on Twitter didn't go their way, according to four...