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Snap to focus on growing ads business, augmented reality amid poor stock performance
  • September 3, 2024

Snap to focus on growing ads business, augmented reality amid poor stock performance

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.

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Asian Stocks Decline as China’s Economy Falters: Markets Wrap
  • September 2, 2024

Asian Stocks Decline as China’s Economy Falters: Markets Wrap

(Bloomberg) -- Asian shares edged lower after ratcheting up four months of gains, as China’s efforts to support its ailing economy showed no signs of taking hold.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsA gauge of the region’s stocks fell, marking the first day of trad

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Swiss Flavor Maker Givaudan Weighs Entry Into Pet Food Market
  • September 2, 2024

Swiss Flavor Maker Givaudan Weighs Entry Into Pet Food Market

(Bloomberg) -- Swiss fragrance and flavor group Givaudan SA is considering entering the pet food market, potentially via acquisitions, in a bid to take advantage of a fast-growing sector. Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessTurkey Plans Istanbul Taxi Surge to Tackle Complaints“People spend more money on pets than ki

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Five Key Charts to Watch in Global Commodity Markets This Week
  • September 1, 2024

Five Key Charts to Watch in Global Commodity Markets This Week

(Bloomberg) -- Arabica coffee is edging closer to prices not seen in more than a decade. Oil’s rocky August has traders bracing for what could be a bumpy ride toward the end of the year. And an abundance of soybean, corn and wheat are proving a drag for grains versus other commodities.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat Lonel

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