Spotify Technology SA
Spotify shares pop 10% after company reports first profitable year
Spotify’s Co-founder and CEO Daniel Ek attends a live recording panel at Acquired, a technology podcast, at the Chase Center in San Francisco, California, U.S., Sept. 10, 2024. Laure Andrillon | Reuters Spotify shares climbed 10% Tuesday after the music streaming company recorded its first full year of profitability, closing the fiscal year with 1.14 […]
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Stocks making the biggest moves premarket: Pfizer, PepsiCo, Palantir, Merck & more
Check out the companies making headlines before the bell. Pfizer — The pharmaceutical stock added 1.8% on better-than-expected fourth-quarter results . Pfizer reported adjusted earnings of 63 cents per share on $17.76 billion in revenue. Analysts polled by LSEG estimated earnings of 47 cents per share on revenue of $17.36 billion. PepsiCo — Shares of […]
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European stocks fall as tariff uncertainty lingers; Infineon up 10%
Infineon CFO: We’re not out of the woods but have started the year on a ‘slightly positive tone’ Infineon CFO Sven Schneider speaks to CNBC’s Annette Weisbach after the company raised its full-year outlook, as first-quarter results come in slightly better than expected. European drink stocks fall Campari bottle is seen in this illustration photo […]
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Universal Music Group and Spotify strike new agreement
Jonathan Raa | Nurphoto | Getty Images Universal Music Group (UMG), the world’s biggest music label, and Swedish streaming giant Spotify have reached a new multi-year agreement for recorded music and music publishing, they said on Sunday. The publishing agreement establishes a direct license between Spotify and UMG across Spotify’s current product portfolio in the […]
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These stocks have major upside heading into earnings, Bank of America says
Analysts at Bank of America say there’s a slew of buy-rated stocks well positioned heading into earnings season. CNBC Pro combed through the firm’s research to find companies the firm likes as quarterly reports begin. They include: Warner Bros Discovery, Birkenstock , Spotify and United Airlines. United Following on the heels of Delta’s robust earnings […]
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Fund manager reveals how his little-known ETF gained 80% in 2024
Artificial intelligence will be an investment theme that will continue to grow in 2025 and beyond, according to a tech fund manager that posted 80% gains in 2024. The Hong Kong-listed exchange traded fund Pando CMS Innovation ETF ‘s Chief Investment Officer Beck Lee said the fund relies on proprietary research that combines macroeconomic factors […]
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Stocks making the biggest moves midday: Tesla, Unity Software, Constellation Energy and more
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker slipped 5% after reporting its first ever annual vehicle deliveries decline . Tesla delivered 1.79 million vehicles in 2024, a drop from 1.81 million in 2023. Constellation Energy — Shares jumped 7% after the company secured a record-setting $1 billion […]
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Tom Lee says ‘back up the truck’ after Wednesday’s panic selling
Stocks tanked following the Federal Reserve’s disappointing rate outlook Wednesday, but Tom Lee says investors need not worry. Equities spiraled downwards after the U.S. central bank’s revamped outlook for 2025 showed more hawkish sentiment in the form of two fewer rate interest rate cuts than had previously been expected. “But to us, this panicked reaction […]
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Spotify Wrapped is out. Here’s who topped the 2024 streaming charts
This photograph taken in Paris on April 19, 2024, shows a smatphone displaying the US singer-songwriter Taylor Swift’s new album “The Tortured Poets Department” on Spotify. Queen of pop Taylor Swift released her highly anticipated record “The Tortured Poets Department” on April 19, 2024 — the 11th studio album from the megastar who is already […]
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European tech funding declines for third consecutive year — but the sector is finally stabilizing
On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images Venture capital investment in European technology startups is projected to decline for a third straight year, according […]
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