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Ghosts of past tech IPOs could haunt Snap's performance

Ghosts of past tech IPOs could haunt Snap's performance

Snap Inc appears set to make a splash next week with the biggest tech stock debut since Facebook Inc, but history suggests investors shut out of the initial public offering would be better off waiting a bit to chase this unicorn on the open market.

IPO of Snapchat oversubscribed; company set to begin trading on Thursday
US immigration data overlook citizens' interests: Ramesh Ponnuru
US immigration data overlook citizens' interests: Ramesh Ponnuru

It’s an eye-opening finding: If the US no longer had any illegal immigrants, its GDP would be $5 trillion smaller over 10 years.

Porsche, Audi lift Volkswagen to record underlying profit
Porsche, Audi lift Volkswagen to record underlying profit

Record Audi and Porsche sales helped Volkswagen swing to a record underlying profit in 2016, although a bigger than expected charge from the diesel emissions scandal meant it missed estimates for its operating profit.

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HEALTH

High blood sugar may cause Alzheimer's disease: Study
High blood sugar may cause Alzheimer's disease: Study

High blood sugar levels may not only cause diabetes, but also lead to Alzheimer's disease, say scientists who have found that excess glucose damages a vital enzyme involved with inflammation response to the early stages of the neurodegenereative disease.

COMMODITIES

Gold at 3-1/2-month high as Federal Reserve dampens rate hike expectations
Gold at 3-1/2-month high as Federal Reserve dampens rate hike expectations

Gold prices rose 1 percent to a 3-1/2-month high on Thursday after minutes from the latest Federal Reserve policy meeting further dampened expectations for an interest rate hike in March, lowering U.S. bond yields and pressuring the dollar.

Horoscope: By Peter Vidal

Today ( 25 Feb )This Week ( 19 Feb - 04 Mar )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more