Check out the companies making headlines in extended trading. Spotify Technology – Shares of the music-streaming service jumped about 8%. Total monthly active users for the third quarter came in at 640 million, reflecting an 11% jump from a year earlier and beating FactSet consensus estimates of 639.0 million. Still, Spotify fell short of the Street’s expectations on the top and bottom lines in the period. Skyworks Solutions — The
(Reuters) – Audio-streaming giant Spotify (SPOT) forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial holiday season, sending its shares up 7.7% after the bell. The Swedish company has laid off employees, pulled back podcasts and cut its marketing spend over the past year to boost profitability. It has also raised prices of its plans in the U.S. to
Breadcrumb Trail Links News Work Canada Post workers might soon be putting down their mailbags and grabbing picket signs Published Nov 12, 2024 • 3 minute read You can save this article by registering for free here. Or sign-in if you have an account. Canada Post employees, represented by the Canadian Union of Postal Workers, have been in contract talks since November 2023, but a deal still appears to be
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Grocery prices continue to eat a hole in household budgets, with many Americans citing the economy and inflation as top issues behind their votes in the November 5 election. But there are signs that consumers may soon get a break on their grocery bills, with some food prices falling in October from a year earlier — the first decline in four years. Online grocery prices dipped 0.1% in October from a
October’s Consumer Price Index (CPI) will serve as the latest test of whether an inflation resurgence is a risk to the US economy as the Federal Reserve debates its next interest rate decision after cutting rates by a quarter percentage point last week. Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards The report, set for release at 8:30 a.m. ET on Wednesday,
Check out the companies making headlines in midday trading. Shopify — Shares surged 26% after the e-commerce platform operator posted third-quarter operating income of $283 million, higher than the $122 million in the same quarter a year ago. Shopify’s $2.16 billion revenue beat a FactSet estimate of $2.12 billion. The stock was on track for its best day ever. Live Nation Entertainment — The live music and entertainment company gained
Momentum is starting to roll Cathie Wood’s way. The Ark Invest co-founder, CEO, and chief investment officer is losing to the market for the third time and has had a couple of choppy years since her breakout performance in 2020, but her portfolio is bouncing back now. Not one to coast, Wood is making moves across her aggressive growth exchange-traded funds. Ark Invest added to existing positions in The Trade
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11/12: CBS Morning News 21:32 Costco recalled nearly 80,000 pounds of store-brand butter last month because the product’s label was missing a key ingredient: milk. The wholesaler recalled 79,200 pounds of two varieties of butter — 46,800 pounds of its Kirkland Signature Unsalted Sweet Cream Butter, and 32,400 pounds of Kirkland Signature Salted Sweet Cream Butter because it omitted the allergen. The Food and Drug Administration Butter said both products
