Tag: million
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Spotify forecasts profit and monthly active users below estimates, shares fall
Aug 4 : Spotify forecast third-quarter profit and monthly active users below Wall Street estimates on Tuesday, underscoring the streaming service’s challenges in maintaining growth despite expanding its offerings of AI-based features to fend off competition.Shares of the company were down around 4 per cent in
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Spotify forecasts weak profit as user growth slows in North America, Europe
Aug 4 : Spotify forecast third-quarter profit below Wall Street estimates on Tuesday, after the streaming giant reported slowing user growth in major markets of Europe and North America, driving shares around 5 per cent lower in premarket trading. The Swedish company has launched AI features like “Personal Po
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Why 9.5 million US Americans are defaulting on student loans
After a pandemic-era pause that allowed most federal borrowers to stop making payments for more than three years, millions are struggling to adjust to life with student loan bills once again.
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Singapore’s Grab lifts 2026 forecasts on solid delivery, ride-hailing demand
The upbeat projections and a new US$750 million share buyback program pushed shares of the Nasdaq-listed company up 3 per cent in extended trading, but the stock is down more than 26 per cent this year.
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Once-bankrupt Atari returns to profit with decade-high revenue
Aug 3 : Video game developer Atari reported annual revenue of €56 million ($65 million) on Monday, its highest in more than a decade, as a strategy built on reviving old franchises and buying up studios pulled the Paris-based company back into profit.Atari, the arcade and console pioneer that filed for bank
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Nigerian authorities uncover largest meth lab
Nigeria has uncovered its largest methamphetamine lab in Ogun State. Authorities warn of growing efforts by international cartels to establish production in Nigeria.
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Germany news: Unemployment tops 3 million as industry slumps
Over three million people are currently unemployed in Germany, with 1.1 million drawing unemployment checks, authorities say. Also, sales of air conditioners have doubled as heat continues to crush cities. DW has more.
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Exclusive-Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal, sources say
NEW YORK, July 31 : Defense technology company Space-Eyes has agreed to go public through a merger with special purpose acquisition company McKinley Acquisition Corp, in a deal valuing the combined business at $638 million, according to four people familiar with the matter.President Donald Trump’s son Eric T
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Reddit flags volatile search referrals as US user growth slows
July 30 : Reddit said on Thursday that choppy search-engine traffic affected U.S. user growth in the second quarter, overshadowing an upbeat revenue forecast and sending its shares down around 13 per cent in extended trading.The social media company operates in a highly competitive market. Bigger rival Meta t
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Reddit expects revenue above estimates as AI tools attract advertisers
July 30 : Reddit forecast third-quarter revenue above Wall Street estimates on Thursday, signaling its strategy to draw marketers by offering AI-powered advertising tools is paying off.Shares of the company fell 6 per cent in volatile extended trading after the company reported slowing growth in both second-q
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