Author: Press Room

Snapchat logo displayed on a phone screen is seen with a laptop in the background in this illustration photo taken in Krakow, Poland on August 10, 2022.Jakub Porzycki | Nurphoto | Getty ImagesCheck out the companies making headlines in after hours trading.Snap – Shares of social media company Snap sank 14% after the company reported quarterly revenue that was lower than Wall Street expected. Adjusted earnings per share were $0.14 on revenue of $1.30 billion. Analysts expected $0.11 in adjusted earnings on $1.31 billion in revenue, per Refinitiv. The company didn’t give a forecast for the upcoming year. Shares of…

Santa Fe prosecutors on Tuesday filed charges of two counts of involuntary manslaughter against Alec Baldwin for the fatal shooting on the set of the movie “Rust.”They alleged the actor had not been properly trained to handle the weapon that ultimately killed cinematographer Halyna Hutchins.Hannah Gutierrez-Reed, the armorer of the film, was also charged with the same two counts of involuntary manslaughter. David Halls, the assistant director of “Rust” who was also involved in handling the gun that killed Hutchins, signed a plea deal, suspending his sentence and granting him six months of probation.”Today, we have taken another important step…

Lifestyle author and professional organizer Marie Kondo says she’s taking a break from tidying to spend more time with her children.Kondo, 38, who is originally from Tokyo and is famous for her many books on how Japanese philosophy can help people declutter and organize their lives, revealed that her home isn’t as neat as it once was in a recent press webinar, according to The Washington Post.”My home is messy, but the way I am spending my time is the right way for me at this time at this stage of my life,” she said through an interpreter.MARIE KONDO REVEALS…

Snapchat’s parent company reported stalled revenue growth and a large net loss for the final three months of 2022, as it confronts tighter advertiser budgets amid broader economic uncertainty. Snap’s quarterly revenue was just shy of $1.3 billion, essentially flat from the year prior. For the full year, Snap’s revenue grew 12%, a slower rate that the company attributed to “rapid deceleration in digital advertising growth.” The situation appears to be even worse in the current quarter. Snap said it has already seen a roughly 7% revenue decline so far in the first quarter compared to the year prior. It…

The Federal Reserve is expected to raise interest rates by just a quarter point but also likely signal it will stay vigilant in its fight against inflation even as it reduces the size of the hikes.The Fed releases its latest rate decision Wednesday at 2 p.m. ET, and Fed Chair Jerome Powell briefs the media at 2:30 p.m. The expected quarter-point hike follows a half percentage point increase in December, and would be the smallest increase in the federal funds target rate range since the first hike of the cycle last March.While the meeting is expected to be relatively uneventful,…

AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada.Robyn Beck | AFP | Getty ImagesAMD reported fourth-quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts to a 10% decline in year-over-year sales in the current quarter. The stock rose over 2% in extended trading. Here’s how the company did versus Refinitiv consensus estimates for the quarter ending in December:EPS: $0.69, adjusted, versus $0.67 per share expectedRevenue: $5.6 billion, versus $5.5 billion expectedAMD said it expected $5.3 billion…

A group of pet fish whose motions are tracked by a Japanese gaming YouTuber have allegedly gone on a Nintendo Switch shopping spree, while putting their owner’s financial information at risk.Mutekimaru Channel, a YouTube channel created in May 2020 by an unidentified gamer who reportedly lives in Japan, has been uploading “Fish Play Pokémon” videos that have served as entertainment for 93,900 subscribers, according to YouTube stats and a self-written description in the channel’s “About” section.On Monday, Jan. 16, the Mutekimaru Channel livestreamed a Pokémon gaming session with three fish swimming in a motion camera fish tank, which is said…

Good old-fashioned saving has gone viral. It’s called the “100 Envelope Challenge” on TikTok, and it promises to put more than $5,000 in your pocket in just 100 days. Billed by influencers as a fun, easy way to save money, it’s geared toward young investors facing higher rent and grocery bills, student loan debt, and a general feeling of never being able to make the money last the month. It works like this: Label 100 envelopes from one to 100. Since this is social media, after all, said envelopes should look really cool for the videos. On day one, put…

Snap shares slid more than 14% in extended trading on Tuesday after the social media company reported fourth-quarter revenue that trailed analysts’ estimates.Here’s how the company did:Earnings per share: 14 cents, adjusted, versus 11 cents expected, according to a Refinitiv survey of analystsRevenue: $1.30 billion versus $1.31 billion expected, according to RefinitivGlobal Daily Active Users (DAUs): 375 million versus 375.3 million expected, according to StreetAccountAverage revenue per user: $3.47 versus $3.49 expected, according to StreetAccountIt’s the third disappointing earnings report in a row for Snap investors. The day after the company’s Q3 earnings report in October, shares fell 28% on…

Perceived wisdom says that New York is the start of the fashion season, but the Danes and the Danophiles know that Copenhagen is where the action is this week. The weather forecasters are predicting more rain than sun, and there’s a chill in the air. Maybe that’s why we spotted furry leg warmers and boots (perhaps inspired by the local favorite Soulland) on day one. Also on our radar: puffer coats from Stine Goya, and more of the balaclavas that popped up outside the Paris men’s collections. Follow along as Acielle Tanbetova captures the best photos from the Copenhagen shows.…