Latest Snap Inc News
The number of Americans applying for jobless benefits holds steady as labor market remains strong
The number of Americans filing for jobless benefits didn't change last week as the labor market continues to defy efforts by the Federal Reserve to cool hiring. The Labor Department reported Thursday that unemployment claims for the week ending April 13 were unchanged from the...
Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates
WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool it. The Labor Department reported Thursday that filings for unemployment claims for the week ending April 6 fell by 11,000...
Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts
Apple is laying off more than 600 workers in California, marking the company's first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 that they were losing their jobs, with...
US applications for jobless claims hold at healthy levels
U.S. applications for jobless benefits were unchanged last week, settling at a healthy level as the labor market continues to show strength in the face of elevated interest rates. Unemployment claims for the week ending March 2 were 217,000, matching the previous week's revised...
New York City nearly resolves delays in benefits to thousands of low income residents, mayor says
NEW YORK (AP) — New York City has nearly resolved the backlogs in government programs providing food and cash assistance that prompted local groups to take legal action last year, Mayor Eric Adams said Monday. The Democrat said the backlogs that forced low-income city residents to...
US applications for jobless benefits rise but remain historically low despite recent layoffs
More Americans applied for jobless benefits last week, but layoffs remain historically low even as more high-profile companies have announced job cuts this year. Applications for unemployment benefits rose by 13,000 to 215,000 for the week ending Feb. 24, the Labor Department...
GOP-led Kentucky House votes to relax child labor rules and toughen food stamp eligibility standards
FRANKFORT, Ky. (AP) — Republican-backed measures to relax child labor rules and tighten food stamp eligibility standards won passage Thursday in the Kentucky House over impassioned objections from Democrats. In back-to-back votes, both bills advanced to the GOP-dominated Senate...
Google, Facebook take bigger share of ad spending, but economic slowdown could hurt growth
NEW YORK (AP) — Weak results from Google, Snap and other big sellers of online ads are raising concerns that Wall Street's optimistic growth forecasts are setting investors up for rude surprise this year. Google, which dominates the $270 billion digital advertising sector,...
Chipotle, Ford rise; Gilead Sciences, Snap fall, Wednesday, 2/7/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday. Gilead Sciences Inc., down $3.30 to $74.42. The HIV and hepatitis C treatment maker gave investors a weak profit forecast for the year. Chipotle Mexican Grill...
Snap: Q4 Earnings Snapshot
SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Snap Inc. (SNAP) on Tuesday reported a loss of $248.2 million in its fourth quarter. On a per-share basis, the Santa Monica, California-based company said it had a loss of 15 cents. Earnings, adjusted for one-time gains and...
