Never mind the expected winter thaw - the U.S. economy was steaming hot in the second quarter. The nation's gross domestic product grew at a better-than-expected 4% annual rate after contracting at a revised 2.1% pace in the first three months of the year, ...
Chief Executive Evan Spiegel founded Snapchat while he was a student at Stanford in 2011. It might now be worth $10 billion. Chief Executive Evan Spiegel founded Snapchat while he was a student at Stanford in 2011.
... * Fed reduces asset purchases, upgrades economy assessment. * GDP shows stronger economic growth than expected in Q2. * Dow down 0.3 pct, S&P down 0.1 pct, Nasdaq up 0.3 pct (Updates to late afternoon).
Twitter CEO Dick Costolo gestures during a panel discussion at the Consumer Electronics Show in Las Vegas on January 8, 2014. Robert Galbraith/Reuters.
The dollar rose to its strongest level in six months against a basket of currencies on Wednesday, after the Federal Reserve announced it will cut its asset buying program by another $10 billion.