Snapchat shares get much-needed Wall Street upgrade a day after falling to post-IPO low

Stifel upgraded Snpachat-parent Snap shares to buy from hold on Thursday a day after the stock hit a new low since its March IPO. Analyst Scott Devitt said in a note Thursday that some of the worries surrounding Snap could be overblown: Competition from Instagram...

Trump’s budget would reduce deficit but wouldn’t balance like White House promised, CBO says

President Donald Trump’s budget would reduce the federal deficit — but it will not balance the budget over a decade as the White House promised, according to a Thursday report from the nonpartisan Congressional Budget Office. The president’s proposed...