Earnings

Spotify shares pop on better-than-expected profit forecast

The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023.Brendan Mcdermid | ReutersSpotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter that topped estimates.Here's how the...

Market Insider

SPOT, CAVA, RIVN and more

Check out the companies making headlines in extended trading. Spotify Technology – Shares of the music-streaming service jumped about 8%. Total monthly active users for the third quarter came in at 640 million, reflecting an 11% jump from a year earlier and beating FactSet consensus estimates of 639.0 million....

Fintech

Knot Unveils MassSwitcher™: Instant Card-on-File Updates Across Multiple Merchants

New York, New York, November 12th, 2024, FinanceWireKnot, a leading fintech company specializing in card-on-file management, is proud to announce the launch of MassSwitcher™, an innovative solution that enables cardholders to update their card information across multiple merchant accounts instantly with a single login.MassSwitcher addresses the common challenge consumers...

Market Insider

SHOP, HON, GEV, TWLO & more

Check out the companies making headlines in midday trading. Shopify — Shares surged 26% after the e-commerce platform operator posted third-quarter operating income of $283 million, higher than the $122 million in the same quarter a year ago. Shopify's $2.16 billion revenue beat a FactSet estimate of $2.12 billion....

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Fintech Review

With years of experience dissecting and evaluating the evolving fintech landscape, Fintech Review has become a trusted name in providing insightful, comprehensive, and unbiased reviews of tech-related financial products and services. From the latest advancements in blockchain and cryptocurrencies to cutting-edge payment platforms, robo-advisors, and beyond, Fintech Review keeps a pulse on the innovations that are redefining the financial industry.

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05Jan

Analyst: Don't Buy The Hype On Palantir's AI Advantage

<p><strong>Palantir Technologies Inc (NYSE:PLTR)&nbsp;</strong>is 1.8% lower to trade at $15.86 this morning, after Jefferies downgraded the stock to "underperform" from "hold." The Wall Street analyst said the company's near-term&nbsp;<strong><a href="https://www.schaeffersresearch.com/content/news/2023/08/31/analyst-is-palantir-stock-the-right-ai-play" target="_blank">artificial intelligence (AI)</a></strong> lead is overhyped, and PLTR's resulting surge on the charts puts it at "unsustainable valuation levels."</p> <p>Options...

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05Jan

Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note

A networking and hiring event for professionals of color in Minneapolis, MN. Michael Siluk | Getty ImagesThe unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data released Friday by the Department of Labor.Black Americans, the group with the highest jobless percentage...

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05Jan

Radio shows surprising resilience in changing media world

Airline passengers between flights patronize the iHeartRadio facility at Denver International Airport in Denver on Jan. 19, 2014.Robert Alexander | Archive Photos | Getty ImagesIt's a familiar refrain: "Legacy media is dead" — unless you're talking about radio.Despite being one of the oldest media formats, dating back to the...

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05Jan

Payrolls increased by 216,000 in December

The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday.December's jobs report showed employers added 216,000 positions for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain...

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