Spotify Technology SA
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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Spotify flags price rises as it introduces new services, FT reports
A screen displays the logo of Spotify on the floor at the New York Stock Exchange on Dec. 4, 2023. Brendan Mcdermid | Reuters Spotify will raise prices as it invests in new features and targets 1 billion users, the Financial Times reported on Sunday citing the music streaming provider’s Co-President and Chief Business Officer […]
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Apple TV+ hikes subscription for third time in three years
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Apple is taking a cue from some of its competitors. The technology giant’s Apple TV+ monthly subscription is now $12.99, starting Thursday in the U.S. and other countries. Apple said the new price will hit current subscribers 30 days after their next renewal date. The […]
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Wells Fargo names five stocks with more upside following their latest earnings
Wells Fargo highlighted five companies that have more room to appreciate following their latest earnings. The Wall Street investment bank says stocks like Sunrun are compelling. Other overweight-rated companies the bank is bullish on include: RealReal, Spotify , Williams Companies and Nextracker. Spotify Technology Analyst Steven Cahall says he’s standing by the streaming music stock […]
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Netflix wanted to beat Disney in family animation. ‘KPop Demon Hunters’ is its best chance
“We want to beat Disney in family animation,” then Netflix CEO Reed Hastings said in an interview in September 2020. At the time, anyone would say that was a tall order. Disney has almost a century of experience of producing animated films, dating back to 1937’s “Snow White.” Since then, the studio has produced hits […]
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