Learning archive

SEC’s WhatsApp Probe Expands as Moody’s, S&P Hit With Fines
  • September 3, 2024

SEC’s WhatsApp Probe Expands as Moody’s, S&P Hit With Fines

(Bloomberg) -- Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating companies failed to keep proper electronic communications — the latest fallout from US regulators’ so-called WhatsApp investigations.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Securities and Exchange Commission said Tuesday that Moody’s and S&P will each pay $20 mill

Read More
Snap to focus on growing ads business, augmented reality amid poor stock performance
  • September 3, 2024

Snap to focus on growing ads business, augmented reality amid poor stock performance

The announcement comes amid a challenging period for the Snapchat owner, as it contends with major social media players such as Instagram parent Meta Platforms and Bytedance's TikTok for advertising revenue. At the start of August, Snap projected a weak forecast for the current quarter, citing a decrease in advertising spend and is now expected to report fiscal 2024 revenue of $5.34 billion, according to LSEG data. Snap's stock has fallen around 48% so far this year.

Read More
Asian Stocks Decline as China’s Economy Falters: Markets Wrap
  • September 2, 2024

Asian Stocks Decline as China’s Economy Falters: Markets Wrap

(Bloomberg) -- Asian shares edged lower after ratcheting up four months of gains, as China’s efforts to support its ailing economy showed no signs of taking hold.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsA gauge of the region’s stocks fell, marking the first day of trad

Read More