Snapchat parent Snap said daily active users jumped 22% or 51 million last quarter year on year to 280 million. The company said sales rose 66% to nearly $770 million and net losses narrowed to $286 million from $305 million. “We began 2021 by achieving our highest year-over-year revenue and daily […]
Brendan McDermid/Reuters Futures contracts for corn are up 96% over the past year, while cotton and wheat have jumped 54% and 50%, respectively. Consumer staples giants like Kimberly-Clark, J.M. Smucker, Proctor & Gamble, and General Mills are all raising prices in response. The Fed said it won't allow a "substantial […]
Microbiome startup Seed Health has raised $40 million from Founders Fund, 8VC and others. The Series A round values the company at around $200 million, according to a company executive. The biotech is developing products that use good bacteria to address health issues and the environment. See more stories on […]
A second COVID-19 wave is devastating India, where a new “double mutant” virus variant emerged. Insider spoke with people on the ground and experts about the threat and ways to address it. Politicians so far have largely been unwilling or unable to apply strict restrictions. See more stories on Insider’s […]
Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Blackstone President Jonathan Gray says he likes the travel, sustainability, and housing sectors as the economy restarts. Blackstone has focused on "thematic investing" in recent quarters and found great success. The private equity firm beat analyst estimates for earnings and segment revenue in […]
With Americans now owing more than $1.7 trillion in student loans, it appears that more than ever, lawmakers are getting serious about canceling at least a portion of that debt. Congressional leaders have put forward a number of proposals around reducing in some form or fashion the student loan debt […]
Alcoa Corp. (AA), the largest producer of aluminum in the US, Thursday reported a first-quarter profit that more than doubled from a year ago, driven by increased shipments and prices. Both adjusted earnings and revenues for the quarter trumped Wall Street analysts’ estimates. Pittsburgh-based Alcoa reported first-quarter profit of $175 […]
WASHINGTON — The number of Americans applying for unemployment aid fell last week to 547,000, the lowest point since the pandemic struck and an encouraging sign that layoffs are slowing on the strength of an improving job market. The Labor Department said Thursday that applications declined 39,000 from a revised […]
LONDON — British music’s leading prize night next month will feature an audience of 4,000 people, in what will be the first major indoor music event in the country to welcome back a live audience since the coronavirus pandemic erupted more than a year ago. The Brit Awards said Thursday […]
Carter Roberts is president and CEO of the World Wildlife Fund. María Mendiluce is CEO of the We Mean Business coalition. The opinions expressed in this commentary are their own. This Earth Day, President Biden will bring together government leaders from around the world for a climate summit aimed at […]
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