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Kylie Jenner 'sooo over' Snapchat – and Wall Street panics

Kylie Jenner 'sooo over' Snapchat – and Wall Street panics

Technology
The stock market value of Snap, owner of the Snapchat messaging app, fell $ 1.5bn after reality TV star Kylie Jenner said she no longer used it.Ms Jenner told her 24.5 million Twitter followers: "sooo does anyone else not open Snapchat anymore?"She was adding her powerful social media voice to the growing criticism of Snapchat's re-design.Snap boss Evan Spiegel had something to soften the blow, though, with news his total pay was a huge $ 600m last year.Shares in Snap fell more than 8.4% to $ 17.8, falling back close to the $ 17 price at which the shares were listed when the company floated on Wall Street.The disappearing messaging app was re-designed in November. But many users criticised the change, and one million people signed a petition.Ms Jenner, the half-sister of celebrity Kim Kar...
Wall Street on front foot after volatile week

Wall Street on front foot after volatile week

Business
Wall Street made strong gains on Monday as technology and financial shares helped it recover from its worst week in two years.New York's Dow Jones Industrial Average closed more than 400 points, or 1.7%, higher - also helped by details of Donald Trump's budget. The gain built on a 1.4% upturn in the previous session.The FTSE 100 started the week on the front foot too, adding more than 1% after falling by a similar amount on Friday.Markets have been enduring a volatile spell since 2 February, when strong US jobs and wage growth figures raised the spectre of rising inflation and accelerating interest rate hikes.The fear that the era of cheap money could be coming to an end proved the catalyst for a major sell-off for stock indices both in the US and across the globe - widely seen as a "corre...
How rough of a week did Wall Street have? The Dow saw 22,000 points worth of whipsaw trading

How rough of a week did Wall Street have? The Dow saw 22,000 points worth of whipsaw trading

Finance
With another volatile plunge Friday, the Dow Jones industrial average has traveled more than 22,000 points this week. The stock index closed more than 1 percent higher, bringing its weekly losses to the worst since January 2016. Earlier in the session, the Dow was tracking for its worst week since October 2008, during the financial crisis. CNBC tracked the volatile moves of the Dow this week to calculate the number of points the index has moved. In the past five trading days, including Friday, the Dow has traded about 20,000 points back and forth in a roughly 2,000-point trading range. Stocks have plunged in the last week as traders worried about rising interest rates and inflation, bringing an end to more than a year of historically low volatility. On Monday, the S&P 500 broke its lon...
Record falls on Wall St spark losses worldwide

Record falls on Wall St spark losses worldwide

Business
Shares across Asia have taken a heavy beating after New York's Dow Jones index suffered its biggest drop in six-and-a-half years.A wild day for US markets on Monday caused panic to spread. At one point, Japan's Nikkei 225 share benchmark plunged by 7.1%, but recovered some of the losses to close 4.7% down.Wall Street's record-breaking loss also saw Hong Kong's Hang Seng index fall by 5.12%, with South Korea's Kospi losing 1.4%.In China, the Shanghai Composite Index lost 3.35% - or 116.85 points - while the Shenzhen Composite Index, tracking China's second exchange, plunged 4.44%, or 80.21 points.The slump means the Dow Jones has wiped out of all of its gains so far in 2018, following months of surges fuelled by optimism about the US economy, corporate earnings and the global outlook.Many i...
Israel reveals plans for 40-mile underground wall around Gaza

Israel reveals plans for 40-mile underground wall around Gaza

World
Jan. 18 (UPI) -- Officials in Israel on Thursday gave journalists a tour of a destroyed militant Islamist tunnel and a peek at construction of an underground wall they hope will thwart terrorist groups from digging their way into Israeli territory.The massive underground barrier is the first of its kind in the world. The project, scheduled to be finished by the end of next year, is made of reinforced concrete walls that will run for 40 miles along the entire Israeli-Gaza border.The wall will have underground sensors to help to detect any future tunnels and a fence almost 30 feet tall will help prevent crossings over ground.As construction progresses, Israeli military expects to find and destroy several more attack tunnels that enter Israel from Gaza. During the last three months, Israeli f...