Marketplace®

Daily business news and economic stories
May 24, 2022

Snap Inc. slides, and other tech stocks join in

Snap Inc. – that’s the company behind Snapchat – is warning that it will miss its latest earnings forecast, which was issued just a month ago. Investors aren’t taking this news in stride – shares of Snap fell more than 30% at one point in pre-market trading. President Biden said he plans to meet with Treasure Secretary Janet Yellen to possibly find a way to reduce the tariffs on Chinese imports left behind by the Trump administration. We examine how Mexico s looking to undo years of reforms that opened the country’s oil and gas sector to foreign investment.

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Snap Inc. IPO at the New York Stock Exchange
Snap Inc. IPO at the New York Stock Exchange
BRYAN R. SMITH/AFP/Getty Images

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The Team

Snap Inc. slides, and other tech stocks join in