Spotify to lay off 17% of employees, CEO Daniel Ek says
It comes after Spotify reported a 65 million euros ($70.7 million) profit in the third quarter, citing lower spend on marketing and personnel.Spotify raised prices of its subscription…
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Breaking News: Economy
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more…
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on September 20, 2023 at the Federal Reserve in Washington,…
PCE inflation report October 2023:
Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start…
What one Swiss bank’s troubles tells us about market vulnerabilities
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021.Stefan Wermuth | Bloomberg | Getty ImagesThe share price…
Here’s what it would take for the Fed to start slashing rates in 2024
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch | Bloomberg | Getty ImagesInterest rate cuts don't…
Strategists give cautious predictions for 2024
A security guard at the New York Stock Exchange (NYSE) in New York, US, on Tuesday, March 28, 2023.Victor J. Blue | Bloomberg | Getty ImagesWith central banks having hiked interest rates…
Former Trump advisor Gary Cohn says U.S. economy is back to normal
Gary Cohn, vice chairman of International Business Machines Corp. (IBM), during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, Oct. 19, 2021.Kyle…
Ray Dalio hails the Gulf’s ‘renaissance states’ amid global…
Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City.Taylor Hill | Getty Images Entertainment | Getty ImagesABU DHABI, United Arab…
Small music venues fight to keep prices affordable amid inflation
Melis82 | Istock | Getty ImagesIt has never been easy for small or independent music venues to turn a profit. Now, with inflated operating costs, some owners are struggling to keep ticket…
Israel-Hamas war sets Gaza’s development back by nearly two decades
Civilians and rescuers look for survivors amid the rubble of a destroyed building following an Israeli bombardment in Khan Younis in the southern Gaza Strip on November 12, 2023.Mahmud…