Snap plunges as much as 30% after slump in ad demand triggers earnings miss, Goldman downgrade

The Snapchat logo shown on a smartphone. NurPhoto / Getty Images Snap shares tumbled as much as 30% in Friday’s pre-market after a second-quarter earnings miss. Slumping ad revenue and a slowing economic backdrop hit the company’s top and bottom lines. Goldman Sachs almost halved its price target for the stock and downgraded it to…

Nasdaq futures fall after Snap’s downbeat results rattle investors’ faith in earnings season

Julie Ricard/Unsplash US stock futures slipped Friday after Snap’s earnings miss undermined hopes for corporate results. Its downbeat outlook revived worries about an economic slowdown ahead of the Federal Reserve meeting next week. Reports from the FAANG big techs next week will also set the tone for stock markets, analysts said. Nasdaq futures tipped lower…

Delta just ordered 100 Boeing 737 MAX 10 jets to upgrade its narrowbody fleet. Take a look inside one of the test planes.

Taylor Rains/Insider Delta Air Lines just ordered 100 Boeing 737 MAX 10 aircraft — the largest of the MAX family. The cabin will be split into first class and economy and fly from major hubs like Seattle and New York. The MAX 10 is longer than other variants and requires specially designed landing gear to…

These are the US airlines most likely to lose or mishandle your bags

Uncollected suitcases pile up at Heathrow’s Terminal Three baggage reclaim on July 8, 2022. Paul Ellis/AFP/Getty Images Airlines have been losing thousands of suitcases in recent months amid mounting travel chaos. But some airlines are more likely to lose, damage, or delay luggage than others, DoT data shows. Republic Airways mishandled one in every 111 bags…

Naughty Dog shows off improved gameplay from ‘The Last of Us’ PS5 remake

With the PS5 remake for The Last of Usset to arrive soon, developer Naughty Dog recently showed the benefits you can expect with the new hardware. Now in a 10-minute video, the company has detailed new features including a speed-run mode and smarter AI, while walking through improved graphics, physics, character models, animations and more. …