Business

Snap Said to Price Shares in IPO at $17 Each, Above Range

Snap declined to comment. Snap said in its regulatory filing last month it took in $404 million in revenue a year ago but lost $515 million. In June, eMarketer had forecast 66.6 million US users for this year. Calacanis, an investor in many startups and dubbed as Tesla's savior for being the first Model S customer, presented the bullish side of the trade.

Business

Labor Dept. proposes 60-day delay of Obama's tough rules for brokers

But critics in the financial services industry say the rule would limit the ability of advisers to service clients who can not afford to pay for financial advice and must use products that carry commissions or other indirect costs. Advocates for a fiduciary standard have been pressing to keep the rule in the place. "Additionally, the Department of Labor took six years, and employed numerous economists, in demonstrating the tremendous benefits of the rule to individual investors, plan ...

Business

Consumer Goods Sector Movers: The Coca-Cola Company (KO), Tesla, Inc. (TSLA)

The company had revenue of $9409.00 million for the quarter, compared to analysts expectations of $9169.94 million. The Coca-Cola had a net margin of 15.59% and a return on equity of 32.94%. The Stock now has the market capitalization of $179.68 Billion, P/E (price to earnings ttm) of 28 and Weekly volatility of 0.76% and monthly volatility of 0.99% respectively.

Business

Donald Trump set to address Congress for first time as President

But that of the list of campaign promises that Trump has been keeping, King presumes the president just "hasn't gotten to that one yet". And, as I was writing this, many were. Just a few hours before the speech, Conway told Fox News that "it's a handsome speech that will be delivered from the heart". "He talks to the working folks of America".

Business

Sheriff IDs gunman killed after firing at Florida pipeline

Deputies and the Florida Highway Patrol chased the man until he crashed near Floral City, 70 miles north of Tampa. The Sabal Trail Pipeline is a 515-mile natural gas pipeline that stretches from Alabama to central Florida. "As both vehicles stopped, the suspect fired upon the Citrus County deputies and the trooper, who both returned fired", Gaskins said . They have been placed on administrative leave, which is typical protocol for law enforcement personnel involved in fatal shootings.

Business

OPEC oil output falls more in February -Reuters survey

Prices edged higher on February 28 supported by surprisingly high compliance of producers to their reduction quotas even though the market remains under threat of swelling USA production. Rig counts have continued to tick higher and, as long as oil stays above $50 per barrel, "we are going to see more drilling from the North American shale producers".