Spotify Technology SA
Stocks making the biggest moves midday: Warner Bros. Discovery, Beyond Meat, General Motors & more
Check out the companies making the biggest moves midday: Warner Bros Discovery —The HBO and CNN owner surged more than 12% after saying it was open to a sale . The WBD board ” will evaluate a broad range of strategic options ,” from pursuing a planned separation of the company by mid-2026, a sale […]
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Spotify moves further into AI music with Sony, Universal, Warner partnership
Thomas Fuller | Lightrocket | Getty Images Spotify announced Thursday that it will be partnering with Sony Music Group, Universal Music Group, Warner Music Group, as well as independent licensing agency Merlin and digital music company Believe, to create “responsible” artificial intelligence products. Although the company did not confirm any specific AI tools in development, […]
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Microsoft will test a Copilot AI feature that performs work on local files in Windows 11
Microsoft Executive Vice President and Consumer Chief Marketing Officer Yusuf Mehdi speaks at company headquarters in Redmond, Wash., on May 20, 2024. Microsoft unveiled a new category of PC that features generative artificial intelligence tools built into the Windows operating system. Microsoft estimates that over 50 million AI PCs will be sold over the next […]
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Netflix and Spotify partner to bring podcasts by The Ringer to the video platform
Jakub Porzycki | Nurphoto | Getty Images Spotify is officially bringing video podcasts to Netflix. The partnership will bring a selection of podcasts from The Ringer, a network acquired by Spotify in 2020, to the streaming company in early 2026 for U.S. users. The podcasts will range from sports to culture to true crime, aiming […]
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Disney has considered a co-CEO structure to replace Bob Iger. Its history may make that a bad idea
Dana Walden and Josh D’Amaro. Michael Buckner | Errich Petersen | Getty Images As 2025 enters its final months, Disney inches closer to the announcement the entire entertainment industry has been waiting for — who will take over for Bob Iger as the company’s next CEO. Disney has publicly stated it will name Iger’s successor […]
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Bank of America picks five stocks with more room to run in October
Bank of America named a slew of stocks that are best positioned in October. The Wall Street investment bank says companies like Disney are compelling, with more room to run. Other buy-rated names screened by CNBC Pro include: Birkenstock , CRH , Spotify and C.H. Robinson. CRH The construction and building materials supplier is “more […]
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Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs
Taylor Swift performs onstage during The Eras Tour at Wembley Stadium on June 21, 2024, in London. Kevin Mazur | Getty Images On Friday, 24-year-old Tayra McDaniels will scamper down the stairs of her East Village apartment building and pick up four preordered vinyl editions of Taylor Swift’s new album, “The Life of a Showgirl” […]
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Peloton revamps equipment, launches commercial unit and raises prices ahead of holidays
The entrance to the Peloton offices in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Peloton on Wednesday said it’s relaunching its product assortment, introducing a commercial equipment line and raising prices for both subscriptions and hardware as the company looks to reignite growth ahead of the holiday shopping season. The revamped assortment includes […]
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Stocks making the biggest moves midday: Pfizer, Semtech, Spotify, UiPath, CoreWeave and more
Check out the companies making the biggest moves midday: Semtech — The signal components maker rallied 8% after the company announced the launch of new optical receivers for artificial intelligence networks alongside Poet Technologies. On top of that, Oppenheimer upgraded the stock to outperform following a meeting with management. Credo Technology — Shares fell more […]
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Spotify founder Daniel Ek stepping down as CEO, company names co-CEOs to replace him
Daniel Ek, founder and chief executive officer of Spotify, attends the Cannes Lions 2016 on June 22, 2016 in Cannes, France. Antoine Antoniol | Getty Images Spotify CEO Daniel Ek will step down from his position and move to the role of executive chairman, the company said Tuesday. Spotify shares dipped 6% following the announcement. […]
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