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Spotify CEO Ek says he's unhappy' with ads business as stock falls 9% on weak guidance

Spotify stock fell after the music streaming platform fell short of Wall Street’s revenue expectations.

Industry Three days ago

5 things to know before the Tuesday open: Another record | Baseline tariffs | Fed meeting ruling

Here are five key things investors need to know to start the trading day.

Industry Three days ago

PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates

PayPal topped Wall Street estimates for the quarter and raised full-year guidance, as CEO Alex Chriss pushes profitability over volume.

Industry Three days ago

PayPal reports slow growth in key margin figure even as earnings top estimates

PayPal topped Wall Street estimates for the quarter and raised full-year guidance, as CEO Alex Chriss pushes profitability over volume.

Industry Three days ago

PayPal stock sinks 8% as company reports slow growth in key margin figure

PayPal topped Wall Street estimates for the quarter and raised full-year guidance, as CEO Alex Chriss pushes profitability over volume.

Industry Three days ago

Merck plans $3 billion cost cuts by end of 2027, narrows full-year outlook

The multi-year effort comes as Merck prepares to offset revenue losses from the upcoming patent expiration of its blockbuster cancer drug Keytruda.

Industry Three days ago

Trump's tariffs could soon bring higher food prices for some Americans, analysis finds

President Donald Trump’s blanket tariffs scheduled for Aug. 1 could bring higher prices on certain foods, economist says. Here’s what to know.

Industry Three days ago

UnitedHealth says 2025 earnings will be worse than expected as high medical costs dog insurers

UnitedHealth’s 2025 earnings guidance fell well short of Wall Street estimates, in the latest setback for the company.

Industry Three days ago

Pharma giants push for tariff clarity as ambiguity threatens EU-U.S. deal

The pharma sector remains under a U.S. Section 232 investigation, with the outcome due by August.

Industry Three days ago

While the Fed kept its benchmark unchanged, here's what happened to consumer borrowing rates

Even while the Fed left its benchmark rate unchanged, many consumer rates have fluctuated over the first half of the year.

Industry Three days ago

How Trump Just Turned Europe Into A Vassal Market

On Sunday, the United States and the European Union agreed on a new framework for transatlantic trad

Industry Three days ago

U.S. Treasury yields hold steady ahead of Fed meeting

U.S. Treasury yields were flat on Tuesday, just ahead of the Federal Reserve’s two-day policy meeting.

Industry Three days ago

U.S. 10-year Treasury yield eases as traders brace for Wednesday's Fed decision

U.S. Treasury yields were lower on Tuesday, just ahead of the Federal Reserve’s two-day policy meeting.

Industry Three days ago

Samsung backs South Korean AI chip startup Rebellions ahead of IPO

Rebellions has been working with Samsung to bring its second-generation artificial intelligence chip, called Rebel, to market.

Industry Three days ago

Jeep maker Stellantis reinstates financial guidance but flags tough decisions' ahead

Auto giant Stellantis has touted a gradual recovery over the coming months.

Industry Three days ago

CNBC Daily Open: Investors are signaling it's time for tariffs to move aside

Economists appear to be lowering their expectations of the impact tariffs will have on the U.S. economy.

Industry Three days ago

Barclays second-quarter profit beats estimates as investment banking revenues swell

Investors have been watching the performance of the lender’s sharpened investment banking unit, which posted income of £3.3 billion the three months to…

Industry Three days ago

Philips shares up 8% as health tech giant flags reduced U.S. tariff impact

Join CNBC for the latest news on what’s moving European markets.

Industry Three days ago

Philips shares up 10% as health tech giant flags reduced U.S. tariff impact

Join CNBC for the latest news on what’s moving European markets.

Industry Three days ago

European stocks head for higher open; AstraZeneca beats estimates

Join CNBC for the latest news on what’s moving European markets.

Industry Three days ago
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