Spotify Technology (SPOT) reported better-than-expected subscriber and user numbers for the fourth quarter, despite lighter-than-anticipated earnings. The streaming giant earned $1.88 per share from sales of $4.53 billion, beating analyst estimates. In addition to its commercial-free subscription service, Spotify offers an ad-supported option, which contributed to the growth in users. The company added 11 million … Read more
The Consumer Financial Protection Bureau (CFPB) has put its investigative and enforcement activities on hold amid an agency-wide review ordered by Treasury Secretary Scott Bessent. Bessent, who was tapped to lead the watchdog as an acting head, stated that the review aims to “promote consistency” with the new Trump administration. The CFPB had been investigating … Read more
The recent surge in record-high egg prices is unlikely to subside soon, according to economists. Waffle House was among the first major chains to introduce surcharges for egg-based dishes, following a trend adopted by smaller restaurants. With no near-term relief in sight, consumers can expect to see continued price hikes on popular items featuring eggs. … Read more
Halo Infinite has launched its latest addition, the Frontlines Operation, a new update for the sci-fi first-person shooter franchise. The Spring 2025 Update brings new features to players, including a Premium Battle Pass and new game modes. With this update, now available on Xbox One, Xbox Series X|S, and PC until March 11, players can … Read more
Blake Lively is set to star in her upcoming film “Another Simple Favor”, a sequel to her 2018 movie of the same name. The thriller-comedy will premiere at the SXSW festival in Austin, Texas on March 7 and be available to stream on Prime Video from May 1. Lively will reprise her role alongside costar … Read more
Palantir’s stock price jumped a record 28% shortly after its earnings report was released on Monday, sending the company’s market capitalization soaring to over $240 billion. This surge makes Palantir the 47th “mega-cap” publicly traded American company valued at $200 billion or more. The company greatly exceeded expectations in its quarterly results and financial outlook, … Read more
Gold prices surged to a fresh record high on Wednesday, driven by growing concerns over trade wars and their impact on the global economy. The metal rose 1.2% to reach $2,877 an ounce, supported by worries about inflationary effects of tariffs between the US and China. Tightness in the gold market is also evident in … Read more
A nationwide egg shortage is affecting American restaurants, with no end in sight. The shortage, caused by bird flu outbreaks, has led to higher prices, with some cartons now costing as much as $7. Biscuit Belly, a chain with 14 locations across six southern states, has had to switch to cheaper eggs due to the … Read more
Disney surprised investors by beating quarterly profit estimates, but the company also revealed a decline in streaming subscribers for its flagship service, Disney+. The entertainment giant posted fiscal first-quarter earnings that topped expectations, with revenue increasing 4.8% to $24.69 billion. Disney’s streaming business reported another quarter of profitability despite a 1% decline in subscribers for … Read more
US Senators Bernie Sanders and Josh Hawley have introduced a new bill to cap credit card interest rates at 10%, a proposal President Donald Trump made during his 2024 presidential campaign. The temporary cap, which would remain in effect for five years, aims to provide relief to working families struggling with record-high debt. Sanders accused … Read more