What you need to know on Wall Street right now

Snap Inc. surged in its debut as a publicly traded company Thursday, after raising a greater than expected $3.4 billion in its initial public offering.

Shares of Snapchat's parent company opened for trading at $24, up about 41% from the IPO price of $17. You can follow Snap's latest share price movements by clicking on intraday here.

Here are the headlines:

Snapchat's two 20-something founders are each worth ~$4 billion — more than Facebook offered to buy their whole company four years ago
Snapchat's first investor — whose stake is now worth $2 billion — found Snapchat when it had less than 100,000 users
Imran Khan swapped Wall Street for a huge role at Snapchat and earned $150 million in 2 years
Snapchat's first VC convinced his daughter's high school to invest $15,000, worth tens of millions' today
SEC advisory committee to question Snap's transparency for investors
Snapchat already has a "sell" rating, and the analyst thinks it will crash 58%
JOSH BROWN: Here's why I'm not buying Snapchat
Here's a behind-the-scenes look at what a typical IPO is like

President Trump took a victory lap on the stock market's record high in an early-morning tweet.

Trump tweeted

But wbanging out record highs

Warren Buffett is all set to win a $1 million bet with this hedge fund

Lastly, the 22 best apps for business travelers.

Another warning sign is popping up in the stock market - Add a flattening yield curve to the number of warning signs that are popping up and suggesting this historic stock-market rally is nearing an end.

Bitcoin climbs above gold for the first time - The price of one bitcoin climbed above the price of one ounce of gold for the first time ever on Thursday.

Monster Beverage soars 15% after beating on revenue - Shares of Monster Beverage, the hugely popular American energy drink manufacturer, are up over 15% Thursday after the company reported fourth-quarter 2016 results that beat Wall Street expectations.

US auto sales rise less than forecast in February - US auto sales rose at an annualized rate of 17.58 million in February, according to Autodata.

Businesses are expecting inflation to rise in the coming months, Fed's Beige Book says - Businesses are expecting prices to rise modestly in the coming months, according to the Federal Reserve's latest Beige Book released on Wednesday.

A 29-year-old founded a biotech startup to cure rare cancers after he got a life-changing diagnosis -

United Airlines CEO reveals one piece of health advice that saved his life - For United Airlines CEO Oscar Munoz, October 15, 2015, started like most days – with an early morning trip to the gym.

Range Rover's stunning Porsche fighter is here — and it's a high-tech marvel - The Range Rover we've all been waiting for is here. On March 1, Jaguar Land Rover unveiled the latest addition to its burgeoning line-up of luxury off-roaders, the Range Rover Velar.

We tried Cadillac's $1,500-per-month subscription service for cars to see if it's worth it -

The 8 cities the world's super wealthy elites are moving to right now - Luxury estate agent Knight Frank and Wealth-X, the research firm that concentrates on high net worth individuals, just released their comprehensive annual report on where they are buying property and how much it costs them.