business news

Snapchat was forced to pull an ad featuring Rihanna and Chris Brown — but one analyst thinks the bad press could be good for business (SNAP)

Snapchat published an advertisement that asked users whether they’d rather “slap Rihanna or punch Chris Brown.” Rihanna called the ad “ignorant,” asking why Snap would “bring shame to DV victims.”  Jefferies analyst Brent Thill said that the negative attention could get Snap more users. Watch Snap shares in real time.  …

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Facebook is starting a $303 million construction project to add another Frank Gehry building to its Silicon Valley campus (FB)

Facebook, whose headquarters was designed by Frank Gehry, is planning to add another building designed by the star architect to its Silicon Valley campus. The company plans to demolish five older buildings to make way for the new one. The total project, which will also include a park and a …

business news

JPMorgan has calculated when the next recession will hit — and has some ideas how you can prepare for it

JPMorgan uses a proprietary economic model to forecast the probability of a recession. The firm has provided wide-ranging asset-allocation recommendations based on its recessionary forecast. “Where are we in the cycle?” It’s an inquiry the economics team at JPMorgan receives frequently. And it’s a good question when you consider the …

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A trading technology firm has built a Wall Street-grade platform for cryptocurrency

Trading Technologies is launching a crypto version of its signature trading platform aimed at non-professional traders. The product, which is only available to a few customers right now, offers the same automated trading tools as its main trading platform.  Trading Technologies, which creates trading software used across Wall Street, has …

business news

Ethereum nears its lowest level of 2018

Ethereum fell more than 5% Wednesday morning, bottoming out at $651 per token — quickly approaching its lowest level of 2018 so far. The previous low was $689 per ETH, set on February 6, according to Markets Insider data. Most cryptocurrencies took a big hit on Wednesday after Google announced it …