NEW YORK (AP) — Spotify's chief financial officer will step down next year, according to the music streaming service, just days after it announced its third round of layoffs for 2023.In a statement announcing CFO Paul Vogel’s departure, CEO Daniel Ek said that the two had “come to the conclusion that Spotify is entering a new phase and needs a CFO with a different mix of experiences.”Spotify said this week that it would be axing 17% of its global workforce, citing the need to slash costs and become profitable. About 1,500 people will lose their jobs, a spokesperson confirmed.Shortly after the layoffs were announced Monday, Spotify’s stock jumped about 8%. On Tuesday, Vogel moved to sell more than $9.3 million worth of shares, according to securities filings. Two other senior executives also cashed in over $1.6 million in shares, The Guardian reported.The Associated Press reached out to Spotify for further comment on Friday. Vogel will leave Spotify on March 31. Ben Kung, who currently serves as vice president…

With Federal Reserve Chair Jerome Powell set to take the stage on Wednesday, investors will be listening for any pushback on the recent easing of financial...

United States Producer Price Index (YoY) came in at 0.9% below forecasts (1%) in November

Sittner & Nelson LLC decreased its holdings in AbbVie Inc. (NYSE:ABBV – Free Report) by 20.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,899 shares of the company’s stock after selling 475 shares during the quarter. Sittner & Nelson LLC’s holdings in AbbVie were worth $256,000 at the end of the most recent […]

Westchester Capital Management Inc. raised its stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,958 shares of the industrial products company’s stock after buying an additional 281 shares during the quarter. […]

An independent review rejected allegations made Hindenburg Research that knocked $2 billion off Temenos’ market capitalization in February

StockNews.com upgraded shares of Madrigal Pharmaceuticals (NASDAQ:MDGL – Free Report) to a sell rating in a report issued on Tuesday morning. Other research analysts have also recently issued research reports about the company. JMP Securities reaffirmed a market outperform rating and set a $383.00 target price on shares of Madrigal Pharmaceuticals in a research note […]

Peckham Inc., a company that hires those with disabilities and barriers to employment, has signed a big office lease to occupy a full building in the Phoenix metro.

Schroder Investment Management Group reduced its position in nVent Electric plc (NYSE:NVT – Free Report) by 42.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,358 shares of the company’s stock after selling 6,068 shares during the quarter. Schroder Investment Management Group’s holdings […]

TOKYO : The dollar remained on the back foot versus major rivals on Wednesday, as traders braced for the conclusion of a Federal Reserve policy meeting and clues on when the U.S. central bank will begin cutting interest rates.The U.S. currency edged lower to 145.385 yen in early Asian trading, adding to i

Royal Bank of Canada upgraded shares of Amgen (NASDAQ:AMGN – Free Report) from a sector perform rating to an outperform rating in a research note released on Tuesday morning, MarketBeat.com reports. Royal Bank of Canada currently has $300.00 price objective on the medical research company’s stock, up from their previous price objective of $256.00. Several […]

MONTREAL — Allergy recently published RAPT Therapeutics’ phase 1a/1b atopic dermatitis (AD) study, in which Innovaderm Research was a key partner, serving as the contract research organization (CRO). This was a first-in-human and proof of concept randomized, placebo-controlled Phase 1a/1b monotherapy study to evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics, and CCR4 surface receptor occupancy of zelnecirnon (formerly RPT193) in eligible healthy subjects and subjects with moderate-to-severe AD.

The shift from traditional banking to digital is making a substantial environmental impact

Renaissance Technologies LLC grew its position in shares of Trip.com Group Limited (NASDAQ:TCOM – Free Report) by 183.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,816,812 shares of the company’s stock after acquiring an additional 1,824,300 shares during […]

StockNews.com assumed coverage on shares of Moleculin Biotech (NASDAQ:MBRX – Free Report) in a research note published on Wednesday morning. The brokerage issued a sell rating on the stock. A number of other research analysts have also recently weighed in on the stock. Roth Mkm reiterated a buy rating and set a $40.00 price objective […]

StockNews.com began coverage on shares of SeaChange International (NASDAQ:SEAC – Free Report) in a report issued on Friday. The brokerage issued a hold rating on the software maker’s stock. SeaChange International Stock Performance NASDAQ SEAC opened at $5.20 on Friday. The business has a fifty day moving average price of $2.45 and a 200 day […]

StockNews.com initiated coverage on shares of China Natural Resources (NASDAQ:CHNR – Free Report) in a research report report published on Monday. The brokerage issued a sell rating on the basic materials company’s stock. China Natural Resources Price Performance Shares of NASDAQ:CHNR opened at $0.72 on Monday. The firm has a fifty day moving average price […]

StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH – Free Report) in a report published on Monday. The firm issued a hold rating on the electronics maker’s stock. CPS Technologies Trading Down 0.8 % Shares of CPSH stock opened at $2.36 on Monday. The stock has a market cap of $34.27 million, a P/E […]

The Bank of Canada’s next interest rate decision is pretty much baked in as a “hold” as far as economists and markets are concerned although one expert warns that the governor Tiff Macklem should not treat “this week’s communications as a mere placeholder.”

Pacific Global Investment Management Co. trimmed its position in Deere & Company (NYSE:DE – Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,578 shares of the industrial products company’s stock after selling 489 shares during the […]

Robertson Stephens Wealth Management LLC boosted its stake in Newmont Co. (NYSE:NEM – Free Report) by 26.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,850 shares of the basic materials company’s stock after purchasing an additional 4,539 shares during […]

Premier auto finance company to utilize Pagaya’s auto credit-decisioning product across their national network of 13,000+ auto dealers

Guggenheim Capital LLC lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 17.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,808 shares of the bank’s stock after selling 18,581 shares during the period. Guggenheim Capital […]

The Bank of Nova Scotia (NYSE:BNS – Free Report) (TSE:BNS) – Analysts at National Bank Financial issued their Q2 2024 EPS estimates for shares of Bank of Nova Scotia in a research report issued on Tuesday, November 28th. National Bank Financial analyst G. Dechaine expects that the bank will post earnings of $1.13 per share […]

StockNews.com initiated coverage on shares of Brooklyn ImmunoTherapeutics (NYSE:BTX – Free Report) in a report issued on Tuesday morning. The brokerage issued a hold rating on the stock. Brooklyn ImmunoTherapeutics Stock Down 1.7 % Brooklyn ImmunoTherapeutics stock traded down $0.03 during mid-day trading on Tuesday, reaching $1.76. The company had a trading volume of 2,368 […]

London stocks looked set for a firmer open on Friday as investors eyed the release of the latest US non-farm payrolls report.

Applied DNA Sciences (NASDAQ:APDN – Get Free Report) was upgraded by StockNews.com to a “sell” rating in a report issued on Tuesday. Separately, HC Wainwright lowered their target price on shares of Applied DNA Sciences from $7.00 to $1.50 and set a “buy” rating on the stock in a report on Monday, June 10th. Get […]

Record View says Scotland would benefit, and could even lead the world, given its booming wind and renewables industry.

Campbell & CO Investment Adviser LLC lessened its stake in shares of American Assets Trust, Inc. (NYSE:AAT – Free Report) by 33.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,962 shares of the real estate investment trust’s stock after selling 6,074 shares during the period. […]

Schroder Investment Management Group lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,665 shares of the company’s stock after selling 1,470 shares during the period. Schroder Investment Management Group’s holdings […]

Scotiabank assumed coverage on shares of Biodesix (NASDAQ:BDSX – Free Report) in a research note released on Monday, MarketBeat.com reports. The firm issued a sector outperform rating and a $3.00 target price on the stock. Separately, Craig Hallum started coverage on Biodesix in a report on Friday, July 26th. They set a buy rating and […]

The cryptocurrency market shows mixed movements as it anticipates potential Federal Reserve rate cuts

Stocks are in the middle of a liquidity rally, according to Fundstrat's Tom Lee. The S&P 500 will rocket to a new high of 5,200 in 2024, Lee

The Federation of Asian Biotech Associations (FABA) collaborates with Science Gurus and the University of Hyderabad (UoH) for an upcoming transformative workshop titled "Artificial Intelligence

Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Murphy USA Inc. (NYSE:MUSA – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 65,833 shares of the specialty retailer’s stock, valued at approximately $20,481,000. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.31% […]

The EUR/GBP legged back into the 0.8600 handle on Tuesday, bolstered by a miss in UK Average Earnings and a better-than-expected print in the Eurozone’s ZEW Economic Sentiment Survey.

Get latest articles and stories on Business at LatestLY. According to Fitch Ratings, the proposed alterations to the transaction's pool were put forth by the involved parties, and the revised pool is a subset of the initially proposed one. Business News | Sansar Trust Nov 2023's Proposed Pool Change Has No Impact on Rating, Affirms Fitch Ratings.

StockNews.com began coverage on shares of Veradigm (NASDAQ:MDRX – Free Report) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the software maker’s stock. Separately, Stephens reissued an equal weight rating and set a $13.00 price objective on shares of Veradigm in a research note on Tuesday, […]

While cryptos to buy incurred a conspicuous correction, they remain highly elevated, suggesting that the red ink might be temporary.

Aeorema Communications plc (LON:AEO – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 84.81 ($1.07) and traded as high as GBX 94.90 ($1.19). Aeorema Communications shares last traded at GBX 85 ($1.07), with a volume of […]

Streaming TV isn’t getting any cheaper.

Panagora Asset Management Inc. cut its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS – Free Report) by 18.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,589 shares of the closed-end fund’s stock after selling 5,432 shares during the quarter. Panagora Asset Management […]

WPWealth LLP lowered its position in shares of Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP – Free Report) by 50.0% in the first quarter, Holdings Channel reports. The institutional investor owned 7,487 shares of the company’s stock after selling 7,495 shares during the period. WPWealth LLP’s holdings in Innovator U.S. Equity Power Buffer […]

St. Moritz, Switzerland — 6th December 2023 — The CfC St. Moritz, a highly curated digital assets and blockchain conference for investors and decision-makers, has announced that Cynthia Lo Besset...

Cantor Fitzgerald started coverage on shares of NXP Semiconductors (NASDAQ:NXPI – Free Report) in a research report report published on Tuesday, MarketBeat.com reports. The firm issued an overweight rating and a $260.00 price target on the semiconductor provider’s stock. NXPI has been the topic of several other research reports. Stifel Nicolaus lifted their price target […]

StockNews.com assumed coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJD – Free Report) in a research note released on Friday. The firm issued a sell rating on the stock. China Jo-Jo Drugstores Trading Up 21.2 % China Jo-Jo Drugstores stock opened at $2.17 on Friday. The stock has a fifty day moving average price of […]

The Dow Jones Industrial Average swept to a record close on Wednesday, after the Federal Reserve signaled a pivot to rate cuts could be in store for 2024.

The GBP/JPY is paring back recent losses sparked by a bull run in market Japanese Yen (JPY) bets after the Bank of Japan (BoJ) leaned unusually hawkish last week.

Buying stocks with long-term growth potential regardless of the market ensures you will own future-proof investments to create wealth.

Frontier Capital Management Co. LLC boosted its position in shares of Equifax Inc. (NYSE:EFX – Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 288,636 shares of the credit services provider’s stock after purchasing an additional 16,031 shares during the […]