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Snapchat CEO sees a bubble, blames rising rates

Snapchat's young CEO Evan Spiegel said that years of near-zero interest rates have led people to make "riskier investments" than they otherwise would.
Source: CNBC.com | By: Matt Hunter
UPDATE 2-Obama administration asks U.S. top court to decline Google copyright appeal

WASHINGTON/ SAN FRANCISCO, May 26- The Obama administration on Tuesday sided against Google Inc and said the U.S. Supreme Court should not hear the company's appeal in a case against Oracle Corp with wide implications for the technology industry, according to a court filing. Oracle won a federal appeals court ruling last year that allows it to copyright parts of...
Source: Reuters | By: Lawrence Hurley and Dan Levine
Tech blog spinoff Re/code is acquired by online media chain

Tech news blog Re/code said Tuesday it's been acquired by online publishing company Vox Media, just 18 months after spinning off from its former parent, The Wall Street Journal. In an online statement, Re/code founders Kara Swisher and Walt Mossberg said they will continue to operate their site separately but may occasionally collaborate with The Verge.
Source: The Associated Press | By: By The Associated Press
UPDATE 1-Obama administration asks U.S. top court not to hear Google copyright fight

WASHINGTON, May 26- The Obama administration on Tuesday sided against Google Inc and said the U.S. Supreme Court should not hear the company's appeal in a case against Oracle Corp with wide implications for the technology industry, according to a court filing. Oracle won a federal appeals court ruling last year that allows it to copyright parts of Java, while...
Source: Reuters | By: Lawrence Hurley and Dan Levine
U.S. Supreme Court ruling endorses role of bankruptcy judges

May 26- The U.S. Supreme Court ruled on Tuesday that bankruptcy judges can resolve disputes that otherwise would have to be decided in a federal court, in an opinion tied to the legal legacy of the late Anna Nicole Smith. The 6-3 ruling, which stemmed from the Chapter 7 bankruptcy of Richard Sharif of Chicago, recognized the authority of U.S. bankruptcy judges to...
Source: Reuters | By: Tom Hals
Stocks close 1% lower as Dow plunges triple digits; dollar, data weigh

U.S. stocks closed about 1 percent lower as investors eyed renewed strength in the dollar and data that could strengthen the case for a rate hike.
Source: CNBC.com | By: Evelyn Cheng
Cramer: Why Twitter is like Shakespeare

CNBC's Jim Cramer says Twitter is "constantly in motion doing nothing."
Source: CNBC.com | By: Fred Imbert
Futures hold lower after durable goods

U.S. stock index futures pointed to a flat to lower open on Tuesday ahead of a hectic day of data releases, following the Memorial Day holiday weekend.
Source: CNBC.com | By: Jenny Cosgrave
Early movers: TWC, AAPL, CTRP, CRM, GM & more

These are the stocks posting the largest moves before the bell.
Source: CNBC.com | By: Peter Schacknow
Opening statements set for Tuesday in criminal trial of Dewey trio

Opening statements are expected to begin on Tuesday in Manhattan state court in the criminal case against former Dewey& LeBoeuf chairman Steven Davis, 62; ex-executive director Stephen DiCarmine, 58; and ex-chief financial official Joel Sanders, 57.. Prosecutors from the Manhattan District Attorney's office say the defendants overstated revenue and...
Source: Reuters | By: Christine Simmons