Snap’s stock price soared more than 22% after hours on Tuesday as the company posted an unexpected, adjusted profit along with positive user and revenue growth in its third-quarter earnings.

Snap Chief Business Officer Jeremi Gorman said that brand advertising is showing momentum, and that advertisers want a platform that shares their values.

The S&P 500 is up more than 5% since July 31, and that higher market would normally favor the White House incumbent.

„I’ve been saying over and over again, they ought to break this company up and bring out value,“ CNBC’s Jim Cramer said on Tuesday.

Ant Group has received approval from the Hong Kong stock exchange for its highly-anticipated initial public offering (IPO), CNBC has confirmed.

The „Mad Money“ host cited cloud company Snowflake and Zoom as „dominate American companies“ capitalizing online during the coronavirus pandemic.

Roughly 6% of workers collecting unemployment insurance from their state didn’t get the $300 weekly aid because they fell below the $100-a-week threshold, according to an initial estimate from Eliza Forsythe, a labor economist and assistant professor at the University of Illinois.

The stocks making the biggest moves in premarket trading include Procter & Gamble, Travelers, Logitech, and more.

Bianco Research’s James Bianco warns the economic backdrop could push the Federal Reserve to tighten and upset the stock market.

The world’s largest wealth manager, UBS, reported a jump in net income to $2.1 billion for the third quarter, beating analyst expectations.