Newsletter
Spotify gains more subscribers than expected in the second quarter
Spotify beat forecasts, adding 6 million new subscribers in the second quarter. The company is defying Netflix's downturn, which is weighing on the music company's share price.
Rolls-Royce appoints Tufan Erginbilgic to succeed Warren East as chief
Rolls-Royce has appointed a private equity partner and former BP executive to succeed Warren East as the company's chief executive officer.
The strong dollar is cutting billions in profits for US companies
The strong dollar took billions of dollars off US corporate sales in the second quarter, prompting many to lower their forecasts for the remainder of the year. The list of companies that have lost millions or billions in losses continues to grow after the US …
Sri Lankan police clear protest sites, stoking fears of further unrest
Hundreds of riot police armed with batons and shields stormed the Sri Lankan Presidential Secretariat and a nearby compound held by protesters.
EY: Breakup of the "Big Four" brings up to $10 billion in additional revenue
EY's global boss said splitting up the Big Four would bring up to $10 billion in additional revenue for his consulting arm by freeing it from conflicts of interest that prevent partnerships with the world's biggest tech giants.
Judge grants Twitter a summary judgment to decide the fate of the $44 billion deal with Elon Musk
Twitter has won an early victory in its legal battle to force Elon Musk to complete its $44 billion takeover after a judge sided with the social media company and set a timeline for a summary trial beginning in October .
X1 Entertainment - A Diversified Portfolio Company at the Forefront of the Gaming Revolution
A true “under-the-radar” investment moment…
Half a trillion dollars wiped out by once high-flying fintechs
Nearly half a trillion dollars has disappeared from the valuations of once-high-flying financial technology companies that benefited from the boom in IPOs early in the pandemic. According to data from CB Insights, more than 30 fintech companies have gone …
Mario Draghi struggles through the swamp of Italy's turbulent politics
Italians and international investors alike were euphoric when Mario Draghi, the former European Central Bank President who did much to help save the euro, was appointed to lead the country during the nadir of the Covid-19 pandemic. But this week saw renewed …
US inflation hits 9.1%, increasing pressure on Federal Reserve
US consumer prices rose more than forecast in June, rising 9.1 percent to a new 40-year high, giving the Federal Reserve the opportunity to hike interest rates by a full percentage point later this month. The consumer price index, released on Wednesday by the …