Spotify Technology SA reported a 22% jump in first-quarter revenue on Wednesday as the music streaming company beat analysts' expectations to reach 130 million paid subscribers for its premium service.
World shares eked out slim gains on Wednesday, with optimism over economies easing coronavirus lockdowns and oil prices clawing back ground leavened by caution over corporate earnings.
Asian shares climbed to a near two-month peak on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world, better-than-expected corporate earnings and a welcome rebound in oil prices.
Nine lobbying groups including the U.S. Chamber of Commerce have urged India to delay a new digital tax that will hit firms such as Facebook and Google as they are battling the fallout of the coronavirus, a letter seen by Reuters showed.
Asian shares rose for a third session on the trot on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world while oil prices jumped on hopes demand will pick up.
Asian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve's policy decision while oil prices jumped on hopes demand will pick up as many countries lift some of the coronavirus-related restrictions.
The organizers of the Oscars said on Tuesday that films released only on streaming platforms or video on demand while movie theaters are closed due to the coronavirus pandemic would be eligible for Academy Awards next year.
The organizers of the Oscars said on Tuesday that films released only on streaming platforms would be eligible for Academy Awards next year because of the disruptions to the industry caused by the coronavirus pandemic.
Carrefour said on Tuesday that revenue growth accelerated in the first quarter, reflecting strong food sales in March in all its markets and notably in the core French market as people stayed at home due to coronavirus lockdowns.
Stock markets across the globe managed to rise on Tuesday, riding out sharp swings on Wall Street as mixed corporate earnings results and dramatic moves in oil prices delivered yet another dose of investor jitters.
The S&P 500 and Nasdaq indexes eased on Tuesday as scientists warned of an increase in U.S. coronavirus deaths if states lifted lockdowns too quickly, while healthcare stocks slumped after a sales warning from Merck.
The S&P 500 and Nasdaq erased early gains on Tuesday as a plunge in consumer confidence underlined the extent of the economic damage from the coronavirus pandemic, while healthcare stocks slumped after a sales warning from Merck.
There are worse business models Sonos (NASDAQ: SONO) could choose to follow than the one set out in Roku's (NASDAQ: ROKU) playbook. So it is fitting the high-end speaker maker is moving away from being solely a hardware manufacturer and toward becoming a content creator.
Zoom Video Communications (NASDAQ: ZM), the video conferencing platform made popular amid the COVID-19 pandemic, has chosen Oracle's (NYSE: ORCL) Cloud Infrastructure to support its core video product, bypassing cloud leaders Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT).
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