Autor: Jane Austen
Spotify (SPOT) will report its fiscal fourth quarter earnings on Tuesday before the bell. Wall Street expects the music streamer to post another strong quarter of subscriber gains as churn levels remain low despite recent price increases. Shares have surged to all-time highs of around $550, up roughly 150% over the past year. The company remains on track to hit full-year profitability for the first time ever, a stark contrast from the record lows the stock faced in 2022. The company’s colossal run-up in shares follows an intense business overhaul that has included everything from mass layoffs and C-suite shakeups…
(Bloomberg) — The Commodity Futures Trading Commission is asking Crypto.com and Kalshi Inc. to explain how their recently launched Super Bowl event contracts comply with derivatives regulations. Most Read from Bloomberg The agency is allowed by statute to request additional information from companies that “self-certify” their financial products, including demonstrating that they aren’t readily susceptible to manipulation and meet other regulatory requirements. It can evaluate the responses and decide whether to take any enforcement actions or begin drafting a new rule. “We are continuing to review the contracts in accordance with our regulations,” a CFTC spokesman said in an email.…
Realme GT 7 is likely to launch soon as a successor to the Realme GT 6. Ahead of any official announcement, the latest GT series smartphone seems to have surfaced on the Geekbench benchmarking site along with key specifications. The Realme GT 7 is shown to run on an octa-core Qualcomm chipset. The listing suggests the phone will carry the RMX5090 model number. A Realme smartphone bearing the same model number was recently certified in China by 3C and TENAA. The Realme handset, believed to be the prototype of the unannounced Realme GT 7, popped up on the Geekbench website with the model number…
Getty Images; Chelsea Jia Feng US President Donald Trump has ordered tariffs on Canada, Mexico, and China, that will start on Tuesday. Investors fear that the tariffs will increase inflation and slow Federal Reserve rate cuts. US stocks dropped at the open, following European and Asian markets lower. Global markets started the week in the red on the first day of trading after President Donald Trump’s tariff threats for key trading partners. On Saturday, Trump ordered 25% tariffs on goods from Canada and Mexico and a 10% tariff on China, which are set to start at 12:01 a.m. ET on…
The Indian government expanded the Aadhaar authentication service to both public and private entities across multiple sectors on Friday. The expansion was part of a recent amendment introduced by the Ministry of Electronics and Information Technology (MeitY). The ministry said the ease of restriction in accessing the authentication service will boost innovation, knowledge, and public service enhancement in various services. The government also highlighted that the move will improve transparency and inclusivity in the decision-making process of the eligible entities.MeitY Expands Aadhaar Authentication ServiceThe expansion was part of the Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Amendment Rules,…
Floodgates to open? India lifting FDI limit promises insurance landscape shift February 4 2025 by Kristina Shperlik India’s move to further open up its insurance industry by increasing the foreign direct investment (FDI) limit for firms to 100% is expected to attract an influx of international capital, bolster comp… To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. Already a Subscriber? Please Login Join the mailing list Designed to help you stay ahead, our daily newsletter provides a round-up…
By Marc Jones LONDON (Reuters) – Central bank body the Bank for International Settlements has urged the likes of the Federal Reserve and European Central Bank to revamp the way they approach interest rate setting to avoid the collective failures that allowed inflation to soar after the pandemic. Outgoing BIS chief Agustin Carstens used a speech almost five years to the day since COVID-19 shuttered the world economy to call for changes as part of «policy framework reviews» in both the U.S. and euro zone this year. «The post-pandemic experience calls for rebalancing the frameworks towards the risks posed by…
Match Group Earnings: What To Look For From MTCH Dating app company Match (NASDAQ:MTCH) will be reporting earnings tomorrow after market close. Here’s what investors should know. Match Group missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $895.5 million, up 1.6% year on year. It was a mixed quarter for the company, with revenue guidance for next quarter slightly topping analysts’ expectations but a decline in its users. It reported 15.21 million users, down 3.2% year on year. Is Match Group a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter,…
A new romantic drama, Nadaaniyan, is set to premiere on Netflix, featuring Ibrahim Ali Khan in his debut role alongside Khushi Kapoor. The film, directed by Shauna Gautam and produced by Karan Johar’s Dharmatic Entertainment, explores the emotional highs and challenges of first love. The story follows two young individuals from contrasting backgrounds—Pia, a confident South Delhi girl and Arjun, a determined boy from Noida—as they navigate their differences and develop a deep connection.When and Where to Watch NadaaniyanNadaaniyan will be available for streaming exclusively on Netflix. While an official release date has not been confirmed, the film is expected…
Chipotle (CMG) To Report Earnings Tomorrow: Here Is What To Expect Mexican fast-food chain Chipotle (NYSE:CMG) will be announcing earnings results tomorrow afternoon. Here’s what you need to know. Chipotle missed analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $2.79 billion, up 13% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EBITDA estimates but same-store sales in line with analysts’ estimates. Is Chipotle a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Chipotle’s revenue to grow 13.3% year on…