Spotify Technology (NYSE: SPOT) has rapidly grown its ambitions over the last few years. The company, which was originally just a music streaming service, is now trying to become the global leader in all audio streaming. With its third-quarter results released just a few weeks ago, Spotify has shown a lot of progress with these ambitions, but according to management, it is just getting started.
U.S. banking regulators are planning to revive a proposal that would require big banks to defer executive compensation and claw back more of their bonuses if losses pile up, the Wall Street Journal reported on Friday. Six agencies, including the Federal Deposit Insurance Corp (FDIC) and the Office of the Comptroller of the Currency (OCC), are involved in developing the plan, the report said, adding that the measure could be proposed in the coming days. The Federal Reserve is not involved in drafting the proposal, the report said.
Alphabet Inc's Google on Friday said it will roll back requirements that U.S. suppliers and staffing firms pay their employees at least $15 an hour and provide health insurance and other benefits, a move that could allow the tech giant to avoid bargaining with unions. The elimination of the 2019 policy, along with other steps such as limiting access by temporary workers and vendors to internal systems, are designed to comply with shifting U.S. and global labor regulations related to contingent workers, a spokesperson for Mountain View, California-based Google told Reuters. "These updates bring us in line with other large companies and simply clarify that Google is not, and has never been, the employer of our suppliers’ employees," the spokesperson said.
With Netflix surging more than 85% in six months, one may expect a pullback under current conditions.
STORY: Tesla is recalling close to 4,000 of its Cybertrucks to fix an accelerator pedal that can get stuck, increasing the risk of a crash. That's according to a safety recall notice on Friday from the U.S. National Highway Traffic Safety Administration.The auto safety regulator said Tesla will replace or repair the accelerator pedal assembly at no charge and owners will be notified through letters mailed to them in June.Tesla started deliveries of its electric pickup truck late last year, after a two-year delay due to production problems and battery-supply constraints.Friday's recall announcement marks the latest setback for the electric car maker.In the first quarter of 2024, Tesla had three recalls affecting about 2.4 million vehicles, according to a report by recall management firm BizzyCar.However, most issues related to Tesla recalls are usually resolved through over-the-air software updates.Shares of Tesla were lower in midday trading Friday, adding to the stock's five-day losing streak.
As tensions in the Middle East escalate, investors are reevaluating their portfolio allocations to offset any geopolitical risks. Brandywine Global Portfolio Manager John McClain joins the discussion to provide insights on navigating this environment while crude oil prices (CL=F, BZ=F) are also slowly ticking up Friday. McClain highlights three key factors that investors should consider from a "macro perspective." Firstly, he sees "a lot of upside potential" for oil prices, driven by a supply-demand dynamic. Secondly, McClain emphasizes the importance of interest rates, calling the US Treasury market "a safe haven," although he cautioned that investors "have to be careful" with their positioning along the yield curve. Lastly, he highlights the "US exceptionalism" in the foreign exchange (FX) market with the US dollar benefiting from being "the only place to go for AI." When it comes to portfolio construction, McClain advises investors to focus on "what industries are driving" the particular region they are invested in. He underscores the crucial role played by central banks and their monetary policies, which can significantly impact portfolio performance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
A New York state agency on Friday said it had failed to reach final contract agreements with the developers of three major offshore wind projects, blaming a decision by General Electric Vernova to scrap plans for a new turbine. The projects affected include Attentive Energy One, being developed by TotalEnergies, Rise Light & Power and Corio Generation, Community Offshore Wind, backed by RWE and National Grid Ventures, the New York State Energy Research and Development Authority said in a statement. Excelsior Wind, being developed by Vineyard Offshore, is also affected, it said.
WAYNE, Pa., April 19, 2024--Inverness Graham ("IGI"), a Philadelphia based buyout firm that acquires innovative companies where technology is transforming traditional industry, is pleased to announce the recent additions of Tonya Zweier as Financial Operating Partner and Jeffrey (Jeff) Silverman as Growth Operating Partner within its Value Creation Group ("VCG"). Tonya and Jeff bring extensive experience working with lower middle market businesses. Building upon the firm’s 60+ year operating her
World’s largest gathering of osteopathic medical educators embraces new principles of Food as MedicineKansas City, MO, April 19, 2024 (GLOBE NEWSWIRE) -- Today, the American Association of Colleges of Osteopathic Medicine (AACOM) convened a special Friday Forum during it’s Educating Leaders 2024 conference to focus on the emerging concept of “Food as Medicine”. “We are witnessing a dynamic shift in the healthcare landscape. As physicians and osteopathic medical educators, it is imperative we rec
Transaction in Own Shares 19 April, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 19 April 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency19/04/2024815,000 £28.5500£28.0150£28.2841LSEGBP19/04/2024- £0.0000£0.0000£0.0000Chi-X (CXE)GBP19/04
Lancashire Police says it is in the ‘process of reviewing available information in more detail’
Easing concerns over a broad Middle East conflict will likely continue to pressure Treasuries, which have sold off for much of the week on worries that persistent inflation will prevent the Federal Reserve from cutting interest rates this year. A number of Fed officials have said this week that they do not feel urgency to cut rates given the strength of the U.S. economy and labor market. Minneapolis Fed President Neel Kashkari told Fox News Channel late Thursday that he also wants to be "patient," with the first rate cut "potentially" not appropriate until next year.
The man who will run United Nations climate talks this November views the negotiations as a key link in international efforts to curb global warming. The conference in Baku, Azerbaijan, must build on last year's successful agreement to transition away from fossil fuels, said Mukhtar Babayev, Azerbaijan's environment minister who will serve as conference president of the talks known as COP29 this fall. Baku is the place to find common ground on how rich countries may provide financial help to poorer nations who generally don't contribute as much to warming but suffer more from climate change, Babayev said in a 30-minute interview with The Associated Press at the Azerbaijan embassy in Washington.
Shares of Super Micro Computer (SMCI) are plunging after the server company announced its third quarter earnings date, but didn’t pre-announce its results. It has investors concerned the quarterly update may not be as bullish as they had hoped. Bitcoin (BTC-USD) is rising ahead of its much-anticipated halving, which is expected to happen this weekend. Other trending tickers on Yahoo Finance include Netflix (NFLX), Nvidia (NVDA), and American Express (AXP). Top guests today include: 3:05 p.m. ET - Alex Morris, F/m Investments President and Chief Investment Officer 3:15 p.m. ET - Stacy Rasgon, Bernstein Managing Director and Senior Analyst 4:05 p.m. ET - Karen Karniol-Tambour, Bridgewater Associates Co-Chief Investment Officer 4:20 p.m. ET - Brian Gardner, Stifel Chief Washington Policy Strategist
South Korea's central bank chief on Friday said odds for any further policy action to stabilize the slumping Korean won now depend on how events in the Middle East unfold as the bank is ready to take steps to stabilize forex markets if needed. In an interview with Reuters, Bank of Korea Governor Rhee Chang-yong said tensions in the Middle East appeared to plateau after Iran downplayed Israel's retaliatory drone strikes against it but geopolitical uncertainty still poses risks for the dollar-won market, as well as the country's inflation.
The Free Application for Federal Student Aid, or FAFSA, recently underwent an overhaul to become more streamlined to open up opportunities for college students to receive financial aid. However, due to a botched rollout, there have been massive delays across the nation causing prospective students to be unsure of their enrollment status and ability to afford a higher education. National College Attainment Network CEO Kim Cook joins Wealth! to break down the issues with FAFSA and what students need to keep in mind as they wait on aid packages. Cook offers this advice to students: "Right now the form is functioning well, the form is ready for most students. So right now if a student has had issues, if a student believes they need to make corrections, now is the time to check in to their portal to find out the status of their form and any actions they need to take. If the student might have seen some of these stories and thought that FAFSA is not for me or FAFSA's not working, we'd ask them to please go give it another try and hope for a smoother experience this time." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
NEW YORK, April 19, 2024 (GLOBE NEWSWIRE) -- The Marc Zaro Scholarship for Entrepreneurs proudly announces its inaugural launch, offering aspiring undergraduate students a remarkable opportunity to fuel their entrepreneurial aspirations. Established by visionary leader Marc Zaro, this scholarship stands as a beacon of encouragement for those with a fervent passion for innovation and community impact. Marc Zaro, a distinguished figure in finance and philanthropy, envisioned a platform that would
HOUSTON, April 19, 2024--Bilateral Chamber, a leading organization at the forefront of global commerce, hosted His Excellency Mohammed Shyaa Sabbar Al-Sudani, Prime Minister of the Republic of Iraq and his delegation yesterday in Houston, Texas. The Iraqi Prime Minister was accompanied by Iraq’s Minister of Oil Hayyan Abdul Ghani, Iraq’s Minister of Planning Dr. Muhammad Ali Tamim, and a delegation of Iraq’s business leaders who met with their U.S. counterparts.
Multimillionaire murderer Robert Durst died in prison in 2022, and the end of his shocking story will be told in the second part of the blockbuster docuseries ‘The Jinx’
SAN ANTONIO, April 19, 2024--USAA, a leading provider of financial services to military members and their families, proudly announces the donation of four National Auto Body Council (NABC) Recycled Rides® as part of its ongoing commitment to supporting veterans and their communities.
IRVING, Texas, April 19, 2024--Renewable Fuels Project in Canada Begins Production
Yahoo Finance