Spotify shares surge after surprise profit, rise in paid users
Spotify Technology SA posted a surprise profit and beat Wall Street expectations for third-quarter revenue as the music streaming company added more-than-expected subscribers to its premium service, sending its shares up 12%.
U.S. rejects sanctions sought by China in tariffs case, going to arbitration: trade official
The United States rejected China’s request on Monday for $2.4 billion in compensatory sanctions for alleged U.S. failure to comply with a World Trade Organization (WTO) ruling, sending it to arbitration, Geneva trade official said.
AT&T to add new directors, sell up to $10 billion in assets next year
AT&T Inc on Monday unveiled a three-year strategic plan that included adding two new board members, selling off up to $10 billion worth of non-core businesses next year and paying off all its debt from the purchase of Time Warner, bowing to pressure from activist investor Elliott Management.
Bitcoin holds ground after China voices support for blockchain
Bitcoin held ground on Monday near a one-month high scaled over the weekend after China’s president Xi Jinping said the world’s second biggest economy should accelerate the development of blockchain technology.
Carlsberg forecasts 10% profit growth for 2019
Danish brewer Carlsberg revised upwards its annual profit growth outlook on Monday, saying it now expects organic operating profit to rise by around 10% versus a previous forecast for a “high single-digit” percentage increase.
IMF urges Lebanon reforms, protesters keep up pressure
The International Monetary Fund said on Monday Lebanon should urgently implement reforms to restore confidence and economic stability, as protesters kept up the pressure on politicians they accuse of corruption by setting up new road blocks.
AT&T adds more monthly bill-paying subscribers than expected
AT&T Inc added more mobile phone subscribers who pay a monthly bill than analysts’ estimates for the third quarter as the wireless carrier attracted customers with media content bundled with phone plans.
The Force is with Microsoft: Shares up on winning JEDI contract
Microsoft shares rise 3.4% to $145.50 premarket, after company wins the Pentagon’s $10 billion cloud computing contract.
Futures rise on trade optimism, rate cut hopes
U.S. stock index futures rose on Monday as hopes of a trade deal between Washington and Beijing as well as rising bets on a rate cut by the Federal Reserve when it meets this week boosted investor sentiment.
Spotify delivers surprise profit as paid subscriptions rise
Spotify Technology SA’s posted a surprise profit on Monday and topped Wall Street’s expectations for revenue as the music streaming company added slightly more subscribers than expected for its premium service.
