7 Challenges Snapchat’s Parent Company Has to Overcome Before It Can Be Wall Street’s ‘New Facebook’

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7 Challenges Snapchat’s Parent Company Has to Overcome Before It Can Be Wall Street’s ‘New Facebook’

Adweek
Snap Inc., the parent company of Snapchat, today is expected to begin trading on the New York Stock Exchange, where it’s reportedly being valued at $24 billion, or $17 per share.

Data-Dependent Yellen Running Out of Reasons to Hold Rates Still

Bloomberg
By most real indicators, the U.S. economy is not too hot or cold, yet financial markets are betting that a core group of Federal Reserve officials who set interest rates are suddenly raring to go.

Cement firm Lafarge paid Syrian armed groups

BBC News
Cement maker LafargeHolcim says it has uncovered evidence that a Lafarge factory in Syria provided funding to local armed groups. It said those in charge of the Jalabiya plant had taken “unacceptable” measures in order to keep the plant open and

Yahoo’s head lawyer is taking the fall for its hacking, while CEO Marissa Mayer is getting her pay docked

Recode
The blame for the massive breach falls on Ron Bell and not where it belongs – at the top. by Kara Swisher@karaswisher Mar 1, 2017, 5:33pm EST.

Tesla’s SolarCity Laid Off Tons of Staff Last Year

Fortune
SolarCity, which was acquired by Tesla at the end of last year, slashed nearly 20% of its staff in 2016 as it sought to preserve cash amid slowing growth in the rooftop solar industry.

McDonald’s vows to win back patrons with better burgers

USA TODAY
McDonald’s executives unveiled plans Wednesday for better burgers, delivery services and more digital-friendly restaurants to return to growth after the loss of “hundreds of millions” of visits by customers who drifted away as the chain fell behind on

Report: Lyft is trying to raise $500 million in its fight against Uber

Business Insider
Lyft is reportedly trying to raise half a billion dollars to fund its growth against a cash-flush Uber, The Wall Street Journal reported.

Dow busts through 21000 threshold on feel-good Trump message

Washington Post
The Dow Jones industrial average stormed past 21,000 for the first time Wednesday as investors absorbed President Trump’s address to Congress, in which he pledged business-friendly proposals like tax cuts, deregulation and an increase in infrastructure …

Angry at PETA, traders in south Indian state pull US drinks

Philly.com
NEW DELHI (AP) – Traders angry at a US-based animal rights group have turned their ire on two iconic American brands, pulling Coke and Pepsi from shelves in the south Indian state of Tamil Nadu.

Uber scandal highlights what’s wrong with Silicon Valley

CIO
Sexual harassment, discrimination, favoritism, nepotism … and you wonder why women, people of color and members of the LGBTQ community don’t want to work in tech.

AmEx Offers Uber Rides After Chase Makes a Splash With Sapphire

Bloomberg
American Express Co. is escalating the rewards war for premium credit cards, offering Platinum customers $200 of free Uber rides while raising the annual fee.

Boil water alert takes downtown Detroit by surprise

Detroit Free Press
Tens of thousands of workers in downtown Detroit – likely including bankers slurping coffee in their offices and restaurant workers prepping salads and fruit for Wednesday’s lunch hour – unknowingly were using water most of the day Wednesday that the …

Trump’s green assault off to fast start

Politico
President Donald Trump is carrying out the most aggressive rollback of federal environmental rules since at least the Reagan administration.

What the Trump Taj Mahal sale means for Atlantic City

NJ.com
TRENTON — Gov. Chris Christie is heralding a plan for a group of investors to buy and re-open the shuttered Trump Taj Mahal casino in Atlantic City as “great news” not only for the financially ailing seaside gambling town but also for New Jersey as a

Wells Fargo Warns a Deeper Review May Uncover More Bogus Accounts

Bloomberg
Wells Fargo & Co., seeking to resolve a bogus-account scandal that shook the company last year, warned investors it may find more victims.

Two Percent Inflation Not Good Enough for Draghi to Shift Policy

Bloomberg
Mario Draghi is looking for a sign — any sign — that 2 percent inflation will be here to stay. The European Central Bank president has tried to silence a debate about accelerating inflation by pointing to weakness in underlying price pressures

Signet Refutes Sexual Harassment Claims

Rapaport
RAPAPORT… Signet Jewelers’ share price fell more than 10 percent this week following a media report on alleged claims of sexual harassment and discrimination at its Sterling Jewelers division.

4 Serious Reasons Why You Shouldn’t Lie on Your Taxes

Atlanta Journal Constitution
The average tax refund is more than $3,000. When you hear that number and do your taxes, only to find out that your refund is much less – or worse, that you owe money – it can be tempting to fudge the numbers and increase your refund.

SEPTA West Trenton Line service suspended because of fire in Lower Moreland

The Intelligencer
PHILADELPHIA (AP) – The Southeastern Pennsylvania Transportation Authority says service is suspended on the West Trenton Line. SEPTA says a downed PECO wire near Red Lion Road in Lower Moreland Township caused a fire Thursday.

Trump’s claim that Waters of the United States rule cost ‘hundreds of thousands’ of jobs

Washington Post
“EPA’s so-called Waters of the United States Rule is one of the worst examples of federal regulation and it has truly run amok and is one of the rules most strongly opposed by farmers, ranchers and agricultural workers all across our land.

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