Gold slips from 1-month peak on Sino-US trade talk hopes

Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria. Gold prices steadied on Wednesday, having retreated from a one-month peak hit in the previous session as optimism surrounding trade talks between Washington and Beijing soothed investor concerns, boosting global stocks and the dollar. Simultaneously, Asian stocks also turned cautiously optimistic surrounding trade developments between the two countries on Wednesday, while still not completely discounting the possibili


Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria. Gold prices steadied on Wednesday, having retreated from a one-month peak hit in the previous session as optimism surrounding trade talks between Washington and Beijing soothed investor concerns, boosting global stocks and the dollar. Simultaneously, Asian stocks also turned cautiously optimistic surrounding trade developments between the two countries on Wednesday, while still not completely discounting the possibili
Gold slips from 1-month peak on Sino-US trade talk hopes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15
Keywords: news, cnbc, companies, remain, fung, ounce, dollar, prices, surrounding, trade, tariffs, sinous, gold, slips, 1month, talk, talks, peak, hopes


Gold slips from 1-month peak on Sino-US trade talk hopes

Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.

Gold prices steadied on Wednesday, having retreated from a one-month peak hit in the previous session as optimism surrounding trade talks between Washington and Beijing soothed investor concerns, boosting global stocks and the dollar.

Spot gold was steady at $1,296.49 an ounce by 0808 GMT.

U.S. gold futures edged 0.1% higher to $1,297.20 an ounce.

“Gold is restrained as people are still interested in the dollar. The $1,300 level also looks like a good resistance,” said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

The dollar held firm in early Asian trading, having been supported on Tuesday by U.S. President Donald Trump downplaying the recent escalation in his trade war with China as “a little squabble” and insisting that talks between the two countries had not collapsed.

A stronger dollar makes gold more expensive for holders of non-U.S. currency.

Simultaneously, Asian stocks also turned cautiously optimistic surrounding trade developments between the two countries on Wednesday, while still not completely discounting the possibilities of a protracted spat.

“The (gold) market is holding because some people bought gold especially after the Chinese government also raised tariffs on U.S. goods,” Fung said, adding that the metal is expected to remain range-bound between $1,280 and $1,310 an ounce.

The biggest trigger for gold, which had been mostly range-bound for the past week, came on Monday after China announced that it would impose retaliatory tariffs on a range of U.S. goods.

There was some profit-taking in the previous session after prices jumped about $20 on Monday and above the key $1,300 level, analysts and traders said.

“The ongoing Sino-U.S. trade dispute has illustrated cooling conditions as both parties expressed willingness to resolve existing trade differences,” Phillip Futures analysts wrote in a note.

“Gold prices though easing up on bullish gains will remain supported as investors remain cautious on lingering U.S.-China trade worries in the near term.”

Market participants now keenly eye economic data from Europe that will provide further cues on the strength of the global economy.

Among other precious metals, silver rose 0.2% to $14.81 an ounce, while platinum fell 0.2% to $853.75.

Palladium fell 0.7% to $1,326.25 an ounce.


Company: cnbc, Activity: cnbc, Date: 2019-05-15
Keywords: news, cnbc, companies, remain, fung, ounce, dollar, prices, surrounding, trade, tariffs, sinous, gold, slips, 1month, talk, talks, peak, hopes


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Treasury yields fall to lowest levels in a month amid trade war threat

U.S. government debt prices rose on Tuesday, as investors remain concerned about President Donald Trump’s threat to hike tariffs on Chinese goods as soon as Friday. The yield on the benchmark 10-year Treasury note, which moves inversely to price, fell to 2.444%, the lowest level since April 1, while the yield on the 30-year Treasury bond was also lower at around 2.87%.


U.S. government debt prices rose on Tuesday, as investors remain concerned about President Donald Trump’s threat to hike tariffs on Chinese goods as soon as Friday. The yield on the benchmark 10-year Treasury note, which moves inversely to price, fell to 2.444%, the lowest level since April 1, while the yield on the 30-year Treasury bond was also lower at around 2.87%.
Treasury yields fall to lowest levels in a month amid trade war threat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: yun li silvia amaro, yun li, silvia amaro
Keywords: news, cnbc, companies, threat, trade, fall, tariffs, soon, trumps, price, month, remain, yields, lowest, treasury, levels, amid, prices, rose, yield, war


Treasury yields fall to lowest levels in a month amid trade war threat

U.S. government debt prices rose on Tuesday, as investors remain concerned about President Donald Trump’s threat to hike tariffs on Chinese goods as soon as Friday.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, fell to 2.444%, the lowest level since April 1, while the yield on the 30-year Treasury bond was also lower at around 2.87%.


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: yun li silvia amaro, yun li, silvia amaro
Keywords: news, cnbc, companies, threat, trade, fall, tariffs, soon, trumps, price, month, remain, yields, lowest, treasury, levels, amid, prices, rose, yield, war


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Markets are underplaying the risk of the UK government imploding, strategist says

Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC. Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. Stretch p


Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC. Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. Stretch p
Markets are underplaying the risk of the UK government imploding, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: elliot smith, sean gallup, getty images news, getty images
Keywords: news, cnbc, companies, remains, pound, westminster, stretch, risk, strategist, markets, imploding, risks, remain, underplaying, potential, sterling, uk, brexit, weeks


Markets are underplaying the risk of the UK government imploding, strategist says

Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC.

Sterling volatility has fallen sharply in recent weeks after Brussels and Westminster agreed to delay Britain’s departure date by up to six months, removing any immediate risks of a no-deal Brexit. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC.

Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. The pound has gained nearly 2% on the dollar since the turn of the year but it started this week below $1.30 as the British parliament returned from its Easter break.

Stretch pointed to a lack of substantive progress in negotiating the stalemate between the Conservative government and the opposition Labour Party as driving this caution.

“Ongoing political uncertainty raises the prospect of a perpetuation of precautionary saving (at the expense of spending) and postponement in business investment, impacting underlying growth potential,” Stretch said

“The risk of the Brexit process extending towards October 31 risks taking the Bank of England out of the equation in 2019, underlining that for now, ongoing Brexit paralysis favors significant sterling impetus proving to be delayed, if not yet derailed.”

Stretch suggested that a negotiated exit remains the most likely outcome, and although the timing of such an event remains unclear, the tail risks of a hard Brexit remain modest.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: elliot smith, sean gallup, getty images news, getty images
Keywords: news, cnbc, companies, remains, pound, westminster, stretch, risk, strategist, markets, imploding, risks, remain, underplaying, potential, sterling, uk, brexit, weeks


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Here’s why China and India will remain defiant amid threat of US sanctions for Iranian oil imports

China and India are both unlikely to completely cut off Iranian crude imports, energy analysts have said, despite the imminent threat of U.S. sanctions. President Donald Trump’s administration announced Monday that buyers of Iranian oil must stop purchases by May 1 or face sanctions. “Iranian exports will not actually reach zero,” analysts at Eurasia Group said in a research note published Monday. “China, which imports approximately 500,000 bpd (barrels per day), will make considerable cuts in t


China and India are both unlikely to completely cut off Iranian crude imports, energy analysts have said, despite the imminent threat of U.S. sanctions. President Donald Trump’s administration announced Monday that buyers of Iranian oil must stop purchases by May 1 or face sanctions. “Iranian exports will not actually reach zero,” analysts at Eurasia Group said in a research note published Monday. “China, which imports approximately 500,000 bpd (barrels per day), will make considerable cuts in t
Here’s why China and India will remain defiant amid threat of US sanctions for Iranian oil imports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: sam meredith, imaginechina, ap images, fred dufour, afp, getty images, vipin kumar, hindustan times via getty images
Keywords: news, cnbc, companies, wti, defiant, sanctions, india, china, zero, remain, buyers, analysts, iranian, crude, heres, oil, trade, threat, imports


Here's why China and India will remain defiant amid threat of US sanctions for Iranian oil imports

China and India are both unlikely to completely cut off Iranian crude imports, energy analysts have said, despite the imminent threat of U.S. sanctions.

President Donald Trump’s administration announced Monday that buyers of Iranian oil must stop purchases by May 1 or face sanctions.

The move, which took many market participants by surprise, ends six months of waivers which had allowed Iran’s eight biggest buyers of crude to continue to import limited volumes.

International benchmark Brent crude traded at $74.26 Tuesday afternoon, up around 0.3%, while U.S. West Texas Intermediate (WTI) stood at $65.93, almost 0.6% higher.

“Iranian exports will not actually reach zero,” analysts at Eurasia Group said in a research note published Monday.

“China, which imports approximately 500,000 bpd (barrels per day), will make considerable cuts in the near term. For Beijing, securing the trade agreement with the U.S. is the top priority, and China will not link Iran oil imports to the trade talks.”


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: sam meredith, imaginechina, ap images, fred dufour, afp, getty images, vipin kumar, hindustan times via getty images
Keywords: news, cnbc, companies, wti, defiant, sanctions, india, china, zero, remain, buyers, analysts, iranian, crude, heres, oil, trade, threat, imports


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Egypt voters allow El-Sissi to remain president until 2030

Voters in Egypt approved constitutional amendments allowing President Abdel-Fattah el-Sissi to remain in power until 2030, election officials said Tuesday, a move that critics fear will cement his authoritarian rule eight years after a pro-democracy uprising. Freedoms won in 2011, when mass protests ended President Hosni Mubarak’s nearly three-decade rule, have been rolled back. In his first public comments on the amendments, el-Sissi thanked the Egyptian people for voting. El-Sissi was elected


Voters in Egypt approved constitutional amendments allowing President Abdel-Fattah el-Sissi to remain in power until 2030, election officials said Tuesday, a move that critics fear will cement his authoritarian rule eight years after a pro-democracy uprising. Freedoms won in 2011, when mass protests ended President Hosni Mubarak’s nearly three-decade rule, have been rolled back. In his first public comments on the amendments, el-Sissi thanked the Egyptian people for voting. El-Sissi was elected
Egypt voters allow El-Sissi to remain president until 2030 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: islam safwat, nurphoto, getty images
Keywords: news, cnbc, companies, elsissi, remain, amendments, progovernment, president, posters, vote, allow, rule, 2030, egyptian, referendum, egypt, voters


Egypt voters allow El-Sissi to remain president until 2030

Voters in Egypt approved constitutional amendments allowing President Abdel-Fattah el-Sissi to remain in power until 2030, election officials said Tuesday, a move that critics fear will cement his authoritarian rule eight years after a pro-democracy uprising.

El-Sissi led the military overthrow of an elected but divisive Islamist president amid mass protests against his rule in 2013 and has since presided over an unprecedented crackdown on dissent. Thousands of people, including many pro-democracy activists, have been arrested by authorities. Freedoms won in 2011, when mass protests ended President Hosni Mubarak’s nearly three-decade rule, have been rolled back.

Lasheen Ibrahim, the head of Egypt’s National Election Authority, told a news conference the amendments to the 2014 constitution were approved with 88.83% voting in favor, with a turnout of 44.33%. The nationwide referendum took place over three days, from Saturday through Monday to maximize turnout. Egypt has some 61 million eligible voters.

In his first public comments on the amendments, el-Sissi thanked the Egyptian people for voting.

“Wonderful scene done by Egyptians who took part in the referendum… will be written down in our nation’s historical record,” he tweeted minutes after Ibrahim announced the results.

Pro-government media, business people and lawmakers had pushed for a “Yes” vote and a high turnout, with many offering free rides and food handouts to voters, while authorities threatened to fine anyone boycotting the three-day referendum.

Opposition parties had urged a “no” vote, but they have little power in parliament, which is packed with el-Sissi supporters and overwhelmingly approved the amendments earlier this month. The local media is also dominated by pro-government commentators, and the authorities have blocked hundreds of websites, including many operated by independent media and rights groups.

Two international advocacy groups — Human Rights Watch and the International Commission of Jurists — had urged the Egyptian government to withdraw the amendments, saying they placed the country on a path to more autocratic rule.

Hassan Nafaa, a political science professor at Cairo University, said the results were expected. “There will be dangerous repercussion from the ruling regime as we will see more repression and restrictive policies,” he said.

Generally, the amendments extend a president’s term in office from four to six years and allow for a maximum of two terms. But they also include a special article specific to el-Sissi that extends his current second four-year term to six years and allows him to run for another six-year term in 2024 — potentially extending his rule until 2030.

The changes also allow the president to appoint top judges and include language declaring the military the “guardian and protector” of the Egyptian state, democracy and the constitution, while granting military courts wider jurisdiction in trying civilians.

El-Sissi was elected president in 2014 and re-elected last year after all potentially serious challengers were jailed or pressured to exit the race.

Parliament overwhelmingly approved the amendments last week, with only 22 no votes and one abstention from 554 lawmakers in attendance. The national electoral commission announced the following day that voting would begin Saturday.

Since early April, the Egyptian capital had been awash with large posters and banners encouraging people to vote in favor of the changes. Most of the posters were apparently funded by pro-government parties, businessmen and lawmakers.

In Cairo’s central Tahrir Square, where mass protests became the symbol of the 2011 anti-Mubarak uprising and of hopes for democratic change in Egypt, the posters urged people to vote in the referendum.

“Take part, say … ‘yes’ for the constitutional amendments,” said one banner near the offices of the pro-government Nation’s Future Party. Most of the posters were apparently funded by pro-government parties, businessmen and lawmakers.

During the referendum, business people and lawmakers loyal to el-Sissi offered incentives to voters. They provided buses to transport people free of charge to a polling center. Also some voters were being handed bags of food staples — like oil, rice and sugar — after they cast their ballots.

Trucks with loudspeakers drove around central Cairo through the three-day referendum, playing patriotic songs and urging people to vote.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: islam safwat, nurphoto, getty images
Keywords: news, cnbc, companies, elsissi, remain, amendments, progovernment, president, posters, vote, allow, rule, 2030, egyptian, referendum, egypt, voters


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American Airlines cancels all 737 Max flights through August 19

American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded. The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. Boeing has slowed production and stopped deliveries as it works on a software fix. United has canceled Max flights through June 5. As major airlines continue to extend cancellations, Boeing said Thursday that it


American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded. The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. Boeing has slowed production and stopped deliveries as it works on a software fix. United has canceled Max flights through June 5. As major airlines continue to extend cancellations, Boeing said Thursday that it
American Airlines cancels all 737 Max flights through August 19 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: emma newburger, shannon stapleton
Keywords: news, cnbc, companies, cancels, max, american, remain, boeing, 19, software, cancellations, travel, fix, summer, flights, 737, airlines


American Airlines cancels all 737 Max flights through August 19

American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded.

The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. They come after the Max’s anti-stall software was implicated in an Ethiopian crash in March that killed 157 people.

It’s unclear when the Max, which has been grounded since mid-March, will return. Boeing has slowed production and stopped deliveries as it works on a software fix.

On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United has canceled Max flights through June 5.

“We remain confident that the impending software updates, along with the new training elements Boeing is developing for the MAX, will lead to recertification of the aircraft soon,” American CEO Doug Parker and President Robert Isom wrote in a letter to employees Sunday.

Parker also said canceling the flights now will help the airline plan for its busiest travel season of the year.

As major airlines continue to extend cancellations, Boeing said Thursday that it’s completed 96 flights with the new Max software fix. The planemaker will likely submit the fix to Federal Aviation Administration regulators within the next couple weeks.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: emma newburger, shannon stapleton
Keywords: news, cnbc, companies, cancels, max, american, remain, boeing, 19, software, cancellations, travel, fix, summer, flights, 737, airlines


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Snap stock rises after slew of new product announcements, but analysts remain wary

While investors seem to be pleased by Snap’s new offerings and revenue opportunities, several Wall Street analysts remain reserved about its execution. The firm maintained its rating on the stock, the equivalent of a sell, with a price target of $5.50. The analysts were skeptical of Snap’s ability to execute on scalable, non-intrusive ad units for mobile gaming and third-party networks. Stifel analysts were slightly more optimistic, giving the stock the equivalent of a neutral rating with a pric


While investors seem to be pleased by Snap’s new offerings and revenue opportunities, several Wall Street analysts remain reserved about its execution. The firm maintained its rating on the stock, the equivalent of a sell, with a price target of $5.50. The analysts were skeptical of Snap’s ability to execute on scalable, non-intrusive ad units for mobile gaming and third-party networks. Stifel analysts were slightly more optimistic, giving the stock the equivalent of a neutral rating with a pric
Snap stock rises after slew of new product announcements, but analysts remain wary Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: lauren feiner, getty images
Keywords: news, cnbc, companies, announcements, games, opportunities, snaps, price, snap, offerings, wary, rating, target, rises, product, remain, analysts, stock, slew


Snap stock rises after slew of new product announcements, but analysts remain wary

Shares of Snap popped more than 4% Friday after unveiling a host of new features meant to keep users and advertisers engaged with its platform.

Snap added about $600 million to its market capitalization Friday, making it worth about $15.5 billion. The social media company has nearly doubled its share price since the beginning of 2019, although the stock is still down about 18% for the past 12 months.

Snap announced a new gaming platform at its partner summit Thursday, bulking up on advertising offerings to those looking to grab the attention of Snapchat’s Gen Z user base. Free-to-play games like Epic Game’s “Fortnite” and EA’s “Apex Legends” have proved wildly popular among this demographic, and Snap already has planned two games in the same battle royale style.

The company also announced its upcoming lineup of original shows, a new augmented reality feature and the Snap Audience Network, which will sell ads that appear in third-party apps.

While investors seem to be pleased by Snap’s new offerings and revenue opportunities, several Wall Street analysts remain reserved about its execution.

“These should create engagement opportunities, but material monetization of this new engagement is not as straightforward,” Morgan Stanley analysts wrote of Snap’s new offerings in a note Friday. The firm maintained its rating on the stock, the equivalent of a sell, with a price target of $5.50.

The analysts were skeptical of Snap’s ability to execute on scalable, non-intrusive ad units for mobile gaming and third-party networks. They also questioned the company’s capacity to draw a large enough audience for its new original programming.

Stifel analysts were slightly more optimistic, giving the stock the equivalent of a neutral rating with a price target of $10.

“Overall, the announcements highlight Snap’s continued ability to develop truly innovative experiences for its users / partners despite a slimmed-down R&D budget in recent quarters,” the analysts wrote in a note Friday. “As its competitors are being pressured to reign in functionality due to privacy concerns, Snap’s privacy-centric approach could lead to developers investing more deeply in the platform. Monetization of games and off-platform usage also represent potential incremental monetization opportunities for Snap.”

The Stifel analysts see potential in the Snap Audience Network. Snap could potentially gain advertising dollars from agencies “weary of how much they spend on Google and Facebook today,” according to the analysts.

JMP analysts also gave Snap the equivalent of a neutral rating without listing a price target. While largely positive on Snap’s new announcements and the opportunities to bring in ad dollars, the analysts said they are still focused on other pressing issues at the company.

“[T]he risk/reward remains balanced, at least until we can see traction with the Android rebuild, a ramp in advertiser demand, and improving overall profitability,” they wrote.

Disclosure: CNBC parent NBCUniversal is an investor in Snap .

Subscribe to CNBC on YouTube.

Watch: Snap rolls out new tools to drive engagement and ad dollars


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: lauren feiner, getty images
Keywords: news, cnbc, companies, announcements, games, opportunities, snaps, price, snap, offerings, wary, rating, target, rises, product, remain, analysts, stock, slew


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Snap stock rises after slew of new product announcements, but analysts remain wary

While investors seem to be pleased by Snap’s new offerings and revenue opportunities, several Wall Street analysts remain reserved about its execution. The firm maintained its rating on the stock, the equivalent of a sell, with a price target of $5.50. The analysts were skeptical of Snap’s ability to execute on scalable, non-intrusive ad units for mobile gaming and third-party networks. Stifel analysts were slightly more optimistic, giving the stock the equivalent of a neutral rating with a pric


While investors seem to be pleased by Snap’s new offerings and revenue opportunities, several Wall Street analysts remain reserved about its execution. The firm maintained its rating on the stock, the equivalent of a sell, with a price target of $5.50. The analysts were skeptical of Snap’s ability to execute on scalable, non-intrusive ad units for mobile gaming and third-party networks. Stifel analysts were slightly more optimistic, giving the stock the equivalent of a neutral rating with a pric
Snap stock rises after slew of new product announcements, but analysts remain wary Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: lauren feiner, getty images
Keywords: news, cnbc, companies, rating, analysts, snap, announcements, remain, snaps, price, stock, games, opportunities, target, product, rises, offerings, wary, slew


Snap stock rises after slew of new product announcements, but analysts remain wary

Shares of Snap popped 5% Friday after unveiling a host of new features meant to keep users and advertisers engaged with its platform.

Snap added about $700 million to its market capitalization Friday, making it worth about $15.6 billion. The social media company has doubled its share price since the beginning of 2019, although the stock is still down nearly 18% for the past 12 months.

Snap announced a new gaming platform at its partner summit Thursday, bulking up on advertising offerings to those looking to grab the attention of Snapchat’s Gen Z user base. Free-to-play games like Epic Game’s “Fortnite” and EA’s “Apex Legends” have proved wildly popular among this demographic, and Snap already has planned two games in the same battle royale style.

The company also announced its upcoming lineup of original shows, a new augmented reality feature and the Snap Audience Network, which will sell ads that appear in third-party apps.

While investors seem to be pleased by Snap’s new offerings and revenue opportunities, several Wall Street analysts remain reserved about its execution.

“These should create engagement opportunities, but material monetization of this new engagement is not as straightforward,” Morgan Stanley analysts wrote of Snap’s new offerings in a note Friday. The firm maintained its rating on the stock, the equivalent of a sell, with a price target of $5.50.

The analysts were skeptical of Snap’s ability to execute on scalable, non-intrusive ad units for mobile gaming and third-party networks. They also questioned the company’s capacity to draw a large enough audience for its new original programming.

Stifel analysts were slightly more optimistic, giving the stock the equivalent of a neutral rating with a price target of $10.

“Overall, the announcements highlight Snap’s continued ability to develop truly innovative experiences for its users / partners despite a slimmed-down R&D budget in recent quarters,” the analysts wrote in a note Friday. “As its competitors are being pressured to reign in functionality due to privacy concerns, Snap’s privacy-centric approach could lead to developers investing more deeply in the platform. Monetization of games and off-platform usage also represent potential incremental monetization opportunities for Snap.”

The Stifel analysts see potential in the Snap Audience Network. Snap could potentially gain advertising dollars from agencies “weary of how much they spend on Google and Facebook today,” according to the analysts.

JMP analysts also gave Snap the equivalent of a neutral rating without listing a price target. While largely positive on Snap’s new announcements and the opportunities to bring in ad dollars, the analysts said they are still focused on other pressing issues at the company.

“[T]he risk/reward remains balanced, at least until we can see traction with the Android rebuild, a ramp in advertiser demand, and improving overall profitability,” they wrote.

Disclosure: CNBC parent NBCUniversal is an investor in Snap .

Subscribe to CNBC on YouTube.

Watch: Snap rolls out new tools to drive engagement and ad dollars


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: lauren feiner, getty images
Keywords: news, cnbc, companies, rating, analysts, snap, announcements, remain, snaps, price, stock, games, opportunities, target, product, rises, offerings, wary, slew


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What next for Brexit? Here are the key upcoming dates in the UK’s EU exit

The U.K. is no longer expected to leave the EU on Friday, as British lawmakers remain at odds over how to leave the bloc. Here are the next important dates in the U.K.’s process of withdrawing from the EU. If British MPs approves the agreement this week, then Brexit will be extended until May 22. If it’s rejected again, the U.K. has until April 12 to leave the EU. Friday, April 12If U.K. lawmakers fail to reach a compromise then this will be the day of a no-deal Brexit.


The U.K. is no longer expected to leave the EU on Friday, as British lawmakers remain at odds over how to leave the bloc. Here are the next important dates in the U.K.’s process of withdrawing from the EU. If British MPs approves the agreement this week, then Brexit will be extended until May 22. If it’s rejected again, the U.K. has until April 12 to leave the EU. Friday, April 12If U.K. lawmakers fail to reach a compromise then this will be the day of a no-deal Brexit.
What next for Brexit? Here are the key upcoming dates in the UK’s EU exit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: silvia amaro, reuters tv via reuters
Keywords: news, cnbc, companies, brexit, upcoming, week, exit, uk, key, dates, votes, leave, remain, vote, deal, lawmakers, uks, eu


What next for Brexit? Here are the key upcoming dates in the UK's EU exit

The U.K. is no longer expected to leave the EU on Friday, as British lawmakers remain at odds over how to leave the bloc.

So when will Brexit happen? Here are the next important dates in the U.K.’s process of withdrawing from the EU.

Monday, March 25

U.K. lawmakers are due to debate the next steps. Given the four month-long impasse in the House of Commons, Prime Minister Theresa May has asked the EU for more time to try to reach a consensus.

Parliamentarians remain divided about Brexit. May believes her deal with the EU is the best way to deliver Brexit, but certain politicians strongly object on one of the policies of her deal — the Irish backstop. This is an insurance policy that looks to prevent a hard border between Northern Ireland (which is part of the U.K.) and the Republic of Ireland (which will remain an EU country), in case the U.K. and the EU do not strike a trade agreement.

In order to decide what happens next, U.K. lawmakers will discuss plans for “indicative votes” on Monday afternoon, and then are likely to vote late in the evening on whether these will take place on Wednesday this week. If approved, it would allow lawmakers to take control of parliamentary business and potentially hold votes that test out different Brexit options, undermining May’s control of the situation.

Tuesday, March 26

U.K. lawmakers could have a third vote on May’s deal — formally called the withdrawal agreement.

The EU may have given the U.K. an extension may it came with some caveats. If British MPs approves the agreement this week, then Brexit will be extended until May 22. If it’s rejected again, the U.K. has until April 12 to leave the EU.

Friday, March 29

U.K. law is still ready for a departure this Friday. So the House of Commons needs to decide until when it’s going to extend its EU membership and then update the current law.

Friday, April 12

If U.K. lawmakers fail to reach a compromise then this will be the day of a no-deal Brexit. This would mean the U.K. would stop being a member of the EU overnight, without any deal or transition period — a scenario that would bring massive uncertainty for businesses, citizens and markets.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: silvia amaro, reuters tv via reuters
Keywords: news, cnbc, companies, brexit, upcoming, week, exit, uk, key, dates, votes, leave, remain, vote, deal, lawmakers, uks, eu


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Why this strategist says the sterling could remain buoyant

Why this strategist says the sterling could remain buoyant4 Hours AgoRodrigo Catril of NAB says there is “clearly no appetite” for a hard Brexit from the U.K. and Europe, which is likely to be good for the pound.


Why this strategist says the sterling could remain buoyant4 Hours AgoRodrigo Catril of NAB says there is “clearly no appetite” for a hard Brexit from the U.K. and Europe, which is likely to be good for the pound.
Why this strategist says the sterling could remain buoyant Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19
Keywords: news, cnbc, companies, strategist, nab, hard, good, uk, hours, buoyant, pound, remain, likely, sterling


Why this strategist says the sterling could remain buoyant

Why this strategist says the sterling could remain buoyant

4 Hours Ago

Rodrigo Catril of NAB says there is “clearly no appetite” for a hard Brexit from the U.K. and Europe, which is likely to be good for the pound.


Company: cnbc, Activity: cnbc, Date: 2019-03-19
Keywords: news, cnbc, companies, strategist, nab, hard, good, uk, hours, buoyant, pound, remain, likely, sterling


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