Spotify has the ability to add more global users than Meta Platforms, YouTube, Amazon Prime or Netflix, and to increase revenue by 16% annually through 2030, according to Oppenheimer. Analyst Jason Helfstein upgraded the music streaming platform to outperform from perform and set an $800 price target on the stock, which implies shares can gain nearly 19%. “We believe that SPOT will benefit from the secular tailwind of growing digital audio streaming adoption and that the company’s subscription economics are better than most believe,” Helfstein wrote in a report on Wednesday. Shares of Spotify have rallied 51% so far this…
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Sydney Sweeney attends the 10th Annual LACMA ART+FILM GALA at the Los Angeles County Museum of Art on November 06, 2021 in Los Angeles, California.Presley Ann | Getty Images Entertainment | Getty ImagesActress Sydney Sweeney helped bring American Eagle shares into the latest round of meme stock mania on Thursday.The “Euphoria” and “Anybody But You” star will headline a fall campaign for the clothing retailer, American Eagle announced Wednesday. Shares of the company surged more than 6% in Thursday morning trading.Stock Chart IconStock chart iconAmerican Eagle, 1-dayThursday’s jump makes American Eagle poised to join the ranks of a new class…
Ghislaine Maxwell, longtime associate of accused sex trafficker Jeffrey Epstein, speaks at a news conference on oceans and sustainable development at the United Nations in New York, June 25, 2013 in this screengrab taken from United Nations TV file footage.UNTV | ReutersGhislaine Maxwell, the imprisoned accomplice of notorious sex offender Jeffrey Epstein, is expected to meet with the Department of Justice on Thursday, NBC News reported.The sit-down, if it happens, would come just two days after Deputy Attorney General Todd Blanche said he intended to meet with Maxwell to ask her what she knew about potentially other people who sexually…
The President of the European Central Bank Christine Lagarde at the 2025 European Central Bank Forum on Central Banking on June 30, 2025 in Sintra, Portugal.Horacio Villalobos | Corbis News | Getty ImagesThe European Central Bank on Thursday kept interest rates steady amid major economic uncertainty, as the European Union scrambles to negotiate a trade agreement with the U.S. before the end of the month.The ECB has cut interest rates at each of its four meetings so far this year, taking its key deposit facility from 3% in January to 2% in June. Last year it reduced rates from a…
Check out the companies making headlines in premarket trading. Meme stocks — These stocks once again are making attention-grabbing moves. Opendoor Technologies jumped 7%, while GoPro and Krispy Kreme each fell around 4%. Dow Inc. — The chemical company’s stock slid more than 10% after disappointing second-quarter results. Dow posted a loss of 42 cents per share, excluding items, on $10.1 billion in revenue, while analysts penciled in a loss of 17 cents a share and $10.23 billion, respectively, according to LSEG. Alphabet — Shares of the Google parent rose almost 4% on a stronger-than-anticipated earnings report. Alphabet earned $2.31…
Analysts on the Street are impressed by Google parent Alphabet ‘s second-quarter results, with a handful raising their estimates on the stock. Alphabet on Wednesday exceeded top- and bottom-line estimates , and saw its overall revenue jump 14% year over year — higher than the 10.9% Wall Street expected. The company also expects more AI-related spending, lifting its capital expenditures forecast for 2025 due to “strong and growing demand for our Cloud products and services.” The robust results quelled investors fears that the search engine giant’s AI strategy is flailing compared to peers, particularly as chatbots such as OpenAI and…
A general view outside the United Healthcare corporate headquarters on December 4, 2024 in Minnetonka, Minnesota. Stephen Maturen | Getty ImagesUnitedHealth Group revealed Thursday it is facing a Justice Department investigation over its Medicare billing practices.It comes after the Wall Street Journal reported in May that the Department of Justice is conducting a criminal investigation into the health-care giant over possible Medicare fraud. In response at the time, the company said it stands “by the integrity of our Medicare Advantage program.”In July, the Journal also reported that the DOJ interviewed several doctors about UnitedHealth’s practices and whether they felt pressured to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Phil LeBeau and American Airlines CEO Robert Isom join ‘Squawk Box’ to discuss the company’s quarterly earnings results, Q3 profit forecast, softness in domestic travel, corporate travel demand outlook, and more. Source link
Packages ride on a conveyor belt during Cyber Monday at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida.Miguel J. Rodriguez Carrillo | Getty ImagesAmazon is turning to the startup world to find a potential fix for one of its thorniest logistics problems.Retailers of all sizes have in recent years struggled with an uptick in fraudulent returns. The scam involves shoppers requesting a refund, but instead of returning the merchandise, they keep the item and send back an empty package or a box of unrelated junk.It’s become a costly nuisance for retailers, accounting for $103 billion in losses…
Turkish lira and U.S. dollarResul Kaboglu | NurPhoto via Getty ImagesTurkey’s central bank on Thursday cut its key interest rate by three points points to 43%, returning down the path of monetary easing. The step marked the first rate reduction since April, when the bank hiked rates to 46% in the wake of the controversial arrest of Istanbul Mayor Ekrem Imamoglu, which sent the Turkish lira tumbling.The move also suggests confidence in the monetary policy committee’s work toward tackling inflation, which sat at 35.05% in June but has been steadily decreasing.”The tight monetary policy stance, which will be maintained until…
