Spotify Technology SA
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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How an obscure SEC proposal could boost listings on European stock exchanges
A little-known regulatory proposal taking shape in the United States could deliver a welcome boost to Europe’s stock exchanges, which have been struggling for years to stem an exodus of companies to New York. The Securities and Exchange Commission is in the early stages of a proposal to tighten the rules for foreign companies that […]
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Stocks making the biggest moves midday: Figma, Joby Aviation, CommScope, Wayfair and more
Check out the companies making the biggest moves midday: Figma — The design company tumbled 22%, giving back a chunk of its initial public offering gains from last week. Figma began trading at the New York Stock Exchange on Thursday, with the stock more than tripling in value on its first day. On Friday, shares […]
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Stocks making the biggest moves premarket: On Semiconductor, Wayfair, Spotify, Tesla and more
Check out the companies making headlines before the bell: Berkshire Hathaway — Class B shares of Warren Buffett’s conglomerate dipped nearly 1% in premarket after Berkshire’s operating profit fell 4% year over year to $11.16 billion in the second quarter, affected by a decline in insurance underwriting. Buffett’s cash hoard of $344.1 billion remained near […]
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Stocks making the biggest moves midday: Carrier, Johnson Controls, Chart Industries, Sarepta
Check out some of the companies making the biggest moves at midday: Carrier Global — The air conditioner manufacturer slid 10% after reporting in-line second quarter results. Management told analysts on a conference call that U.S. residential and light commercial sales are projected to decline by 10% in the second half due to lower volumes, according to […]
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Spotify stock falls on revenue miss, lackluster guidance
Thomas Fuller | Lightrocket | Getty Images Spotify shares dropped about 5% before the bellTuesday after the music streaming platform fell short of Wall Street’s expectations and posted weak guidance for the current quarter. Here’s how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected […]
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Stocks Jefferies’ analysts like going into earnings against the Wall Street consensus
Jefferies believes that some stocks that haven’t felt the love recently from Wall Street could win big this earnings season. The second-quarter reports are coming fast and furious, with this week expected to be the busiest one. Approximately 30% of the S & P 500 — or 151 companies in the benchmark — are scheduled […]
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