Snap sends shares tumbling with warning on economy and earnings
CNN
Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off.
Since late April, "the macroeconomic environment has deteriorated further and faster than anticipated. As a result, we believe it is likely that we will report revenue and adjusted EBITDA below the low end of our Q2 2022 guidance range," the company said in a US securities filing.
Shares of Snap (SNAP) fell 31%, Alphabet (GOOGL) dropped 3.6% and Amazon (AMZN) dropped 2.2%. Nasdaq futures also fell, with traders blaming Snap.
FORT LAUDERDALE, Fla. (AP) — Florida Lt. Gov. Jay Collins announced Monday that he’s running for governor in 2026, hoping to take over for term-limited Gov. Ron DeSantis.
The top career prosecutor in the Justice Department’s Eastern District of Virginia office has been fired, according to three people familiar with the development Monday.
Lawyers for Sen. Mark Kelly filed a lawsuit Monday seeking to block Secretary of Defense Pete Hegseth’s move to cut Kelly’s retirement pay and reduce his rank in response to Kelly’s urging of US service members to refuse illegal orders. The lawsuit argues punishing Kelly violates the First Amendment and will have a chilling effect on legislative oversight.
Democratic Sen. Elizabeth Warren is calling on her party to “read the room” and begin appealing to a wider swath of the working-class public by keeping a stringent focus on the economy.
Venezuelan opposition leader María Corina Machado, the 2025 Nobel Peace Prize winner, is scheduled to meet with President Donald Trump on Thursday, a senior White House official told CNN.
The jury in the case of former Uvalde police officer Adrian Gonzales is back in a Corpus Christi courtroom as the trial enters its second week.
The Department of Homeland Security on Monday said it would invest $115 million in counter-drone technologies to secure the World Cup and events marking 250 years of American independence.
Democrats are getting the news they’d been hoping for out of Alaska, with former US Rep. Mary Peltola launching a Senate campaign on Monday morning.
When the Supreme Court, led by Justice Neil Gorsuch, ruled in 2020 that federal law protected transgender workers from discrimination, the justices appeared to launch a new era of rights for a historically shunned group.
Cuba’s leader has pushed back on US President Donald Trump’s demand that the Caribbean nation “make a deal” with Washington, as Trump said Havana would be cut off from the Venezuelan oil and money that it’s relied on for decades.
Hundreds of Border Patrol officers are mobilizing to bolster the president’s crackdown on immigration in snowy Minneapolis, Homeland Security Secretary Kristi Noem said Sunday, as tensions between federal law enforcement and local counterparts flare after an ICE-involved shooting last week left a mother of three dead.
A suspect has been arrested after a fire tore through Beth Israel, the only synagogue in Jackson, Mississippi, on Saturday, leaving the congregation forced to rebuild from the ashes — again.
The Smithsonian has taken down details about President Donald Trump’s impeachments from an exhibition at the National Portrait Gallery,