ADVERTISEMENT

What you need to know on Wall Street right now

Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.

null

Snap is in New York on Tuesday pitching its IPO to prospective investors. Here's what you need to know:

ADVERTISEMENT
  • Goldman Sachs is predicting Snap will deliver $2 billion in revenue in 2018
  • Here's why Snap is playing it safe with investors
  • We do not see upside": London-based analyst calls "neutral" after Snap's London IPO road show
  • Some investors who attended Snap's London roadshow voiced big concerns
  • A key ad exec has left Snapchat weeks before its IPO
  • Here's who's going to get rich from the Snap IPO
  • Keep up to date with the latest news on Snap here

In other deal news, Kraft Heinz killed its plan to merge with Unilever, and now a major competitor to Kraft Heinz is gaining.

ADVERTISEMENT

And Trump could undermine "the political fabric" of America, according to Larry Hathaway, chief economist at GAM.

ADVERTISEMENT

The head of an investment bank explains how Trump, Brexit, and the rest have changed trading: We've moved from an era of globalization to one of nationalism and populism. There has been a shift from fears of stagflation to one where inflation is the buzzword. Davos Man has lost the ascendancy, and now Joe Six-Pack is in charge.

Trump chaos is forcing Mexico's crisis-fighting central banker to stay on longer: Mexico’s economic policy has long been hostage to outside factors, including every turn of the US presidential campaign, where the peso suffered every time Trump’s victory appeared more likely, to Federal Reserve policy, whose tightening prospects have added to the currency’s challenges.

HSBC's pre-tax profit tanks by 62% in 2016: HSBC reported a 62% slump in annual pretax profit that fell way short of analysts' estimates because of one-time charges related to some businesses, and announced a new $1 billion share buy-back.

JEFFERIES: "Chinese money is going cold on London": Investment in prime office space in London is taking a double hit from both Brexit and a slowdown in interest from Chinese and Hong Kong-based buyers.

Walmart beats as online sales continue to surge:Walmart's fourth-quarter earnings topped Wall Street estimates as online sales continued to surge.

ADVERTISEMENT

Uber CEO launches "urgent investigation" and sends companywide memo after former engineer alleges sexual harassment: Uber CEO Travis Kalanick has launched an internal investigation after a former employee said in a personal blog post that she was sexually harassed and experienced gender bias during her time at the company.

America's affordable housing crisis has reached a new milestone: In the final quarter of last year, Americans spent the highest share of their incomes on mortgage payments since 2010, according to real-estate company Zillow.

Fannie and Freddie plunge after court rules that hedge funds can't sue the government for collecting their profits: Hedge funds still won't be able to sue the US government for seizing profits made by the mortgage-loan companies Fannie Mae and Freddie Mac after their postrecession bailout.

Take a look inside Warren Buffett's Southern California vacation home, which he just listed for $11 million: Buffett could see a big return if his Laguna Beach home sells for close to its listing price.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

DBNC 2024 impacts, sets the pace for entrepreneurs

DBNC 2024 impacts, sets the pace for entrepreneurs

PiggyVest announces new features at open house event

PiggyVest announces new features at open house event

Transforming construction: Camhirst Robots's revolution with 3D printing

Transforming construction: Camhirst Robots's revolution with 3D printing

Benin blocks China’s first oil shipment from Niger over border feud

Benin blocks China’s first oil shipment from Niger over border feud

Egypt faces escalating debt crisis with $3.5 billion increase in three months

Egypt faces escalating debt crisis with $3.5 billion increase in three months

The US continues to push for its military presence in West Africa

The US continues to push for its military presence in West Africa

Italian oil company intends to harness Kenyan waste materials

Italian oil company intends to harness Kenyan waste materials

Mali ends its 11-year mission with the European Union

Mali ends its 11-year mission with the European Union

Bolstering career in machine learning: How to succeed in AI research

Bolstering career in machine learning: How to succeed in AI research

ADVERTISEMENT