US stocks close higher despite fears the Fed will reverse course on its stimulus program
All three major stock indexes finished the week lower, however, with the Dow, S&P 500, and Nasdaq lower 1.1%, 0.6%, 0.7%, respectively
Company
Spotify Technology SA
NYSE:SPOT
Spotify is a music, podcast, and video streaming service developed by Spotify AB in Stockholm, Sweden. Spotify allows you to create and listen to your playlists for free or subscribe to Premium for on-demand access with zero ads.
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Spotify subscriber numbers surge as lockdown spurs demand for podcasts
Total monthly users, including non-payers, surged 27% during the final quarter to 345mln
UK streaming service Roxi plans London IPO as it goes up against Spotify
Roxi, which counts Robbie Williams and Sheryl Crow among its shareholders, aims to go public in the fourth quarter of 2019
Slack readies for US$15.7bn float
The firm, which offers workplace messaging capabilities, is set to float on the New York Stock Exchange with its shares priced at US$26 each
IPO Roundup: Slack seeks a direct listing, while pet food provider Chewy leads slew of companies tapping the capital markets
At least seven companies from biotech innovators to social game makers will access the capital markets in another busy week in the IPO calendar
IPO Roundup: Virgin Trains on tap, while exercise-bike company Peloton and Slack prep
Virgin Trains, the latest addition to Richard Branson’s Virgin Group, is set to price its IPO seeking up to $538 million for major expansion
Google owner Alphabet fined €50M by France’s privacy regulator for breaching EU data protection rules
Google has come under CNIL’s scrutiny many times before but, under the old rules, fines couldn’t exceed the maximum of €150,000
Spotify shares sing the blues despite first-ever quarterly profit
The music streaming company attributed 3Q profit to a one-time tax event and tempered the high end of its subscriber growth outlook
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EARLY MOVERS: Newfield Exploration shares gush on Encana's $5.5B deal; all eyes on Apple
Also in the frame in pre-market is Spotify Technology and General Motors after yesterday's strong results
“Unprecedented” float of payment handler for Netflix, Facebook sparks echoes of Dot-com bubble
The meteoric debut of payments handler Adyen in its first day of trading has led many to compare it to the same frantic speculation that pervaded the tech sector in the late 1990s
Spotify shares tumble despite 1Q results that largely meet expectations
Revenue climbed and net loss narrowed at the music streaming service
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Dow recovers its losses by the closing bell
Tesla was a top decliner of the day after its CEO's comments to investors on a earnings call
Tesla slides amid analyst scorn after 'truly bizarre' conference call with CEO Elon Musk
Fears rise over electric car maker's enormous debt and cash burn rate
eBay shares jump after Morgan Stanley gives shares a double upgrade, raises price target
Shares were boosted to 'Overweight' from 'Underweight'
Investments and investor services
US benchmarks close higher as earnings season points to strong growth
US stocks advanced as traders remain bullish about the corporate earnings season
Hardware & electrical equipment
Apple may scrap iTunes to pole vault Apple Music subscriber base beyond 40mln
Tech giant will begin shutting down iTunes music downloads on March 31, 2019
Spotify gives back most of its gains after the first full trading day
The music-streaming subscription service has been valued at US$30bln
Dow Jones posts triple digit gain and tech stocks rebound
The Nasdaq index on Wall Street added over 71 points to close at 6,941.