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Snap says it now has 500 million monthly active users
Snapchat on Thursday debuted a slew of new products and user metrics for things like games and augmented reality lenses that have been built using Snapchat's developer tools.
Why it matters: It's an important milestone in Snapchat's transformation from a social network to a camera company that caters to developers.
The spike in global bond yields is setting up a clash between the world's top central bankers
While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.
Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.
“It feels like a brand new day": Schumer declares Democratic majority in Senate
Senate Minority Leader Chuck Schumer (D-N.Y.) declared on Wednesday that Democrats have gained control of the Senate, with Rev. Raphael Warnock having defeated Sen. Kelly Loeffler (R) and Jon Ossoff currently leading in the race against former Sen. David Perdue (R).
Why it matters: A 50-50 Senate would give Vice President-elect Kamala Harris the tie-breaking vote after Jan. 20. Democratic control of the Senate will decide the fate of Biden's presidency, from whether he gets his Cabinet nominees to whether progressives get their tax hikes and public spending.