Secure Your Books
The Spotify logo hangs on the facade of the New York Stock Exchange with U.S. and a Swiss flag as the company lists its stock with a direct listing in New York, April 3, 2018. Lucas Jackson | Reuters Coming off a week that was packed with corporate earnings and economic updates, it is still … Read more
Profit margins are getting squeezed as inflation remains at elevated levels, with a slew of companies — including Walt Disney , PepsiCo and Spotify — all warning of margin pressures, casting a pall over earnings growth in the quarters ahead. Patrick Armstrong, chief investment officer at Plurimi Wealth, believes this is the “biggest risk” for … Read more
Tim Cook, chief executive officer of Apple Inc., smiles while speaking about Apple TV+ during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 10, 2019. David Paul Morris | Bloomberg | Getty Images Apple on Monday increased monthly and annual subscription prices in the U.S. for its streaming services … Read more
As Apple seeks to bolster its subscription service to compete with Spotify, the company is adding exclusive performances from artists, who will be able to use Apple’s studios to cover classics and recreate their own hits. On Friday, the company introduced Apple Music Sessions, featuring content from singers including Carrie Underwood and Tenille Townes. Both … Read more
Spotify ‘s decline this year has gone too far, Raymond James said Monday. Analyst Andrew Marok upgraded the music streaming service’s stock to outperform from market perform, noting that “the stock is not broken” despite its 52% decline for 2022 and that most of the bad news surrounding the company has already been price in. … Read more
John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Roughly two months after Peloton’s IPO, founder John Foley appeared on … Read more