Spotify is abandoning its controversial policy to remove artists from playlists based on questionable conduct, the music streaming service announced Friday. “We don’t aim to play judge and jury,” the company said in a blog post. “We aim to connect artists and fans – and Spotify playlists are a big part of how we do […]
Read moreDomo, a company that helps business owners access real-time data from their smartphones, filed for a public offering on Friday. Here are some details from the prospectus: Net loss of $176.6 million for the year ending in January, narrower than $183.1 million loss the year prior. Revenue of $108.5 million for the year ending in […]
Read moreAMD’s new enterprise chips will gain big share this year, according to one Wall Street firm. Stifel raised its price target for AMD’s stock to $17 from $14, representing 24 percent upside to Thursday’s close. The firm predicted the company will hit management’s forecast of mid-single digit server chip market share by year-end versus its […]
Read moreIn the face of persistent fears that the world could be facing a trade war and a synchronized slowdown, the U.S. economy enters June with a good deal of momentum. Friday’s data provided convincing evidence that domestic growth remains intact even if other developed economies are slowing. A better-than-expected nonfarm payrolls report coupled with a […]
Read moreDespite an established relationship with Amazon Web Services, VMware plans to expand its cloud relationships with Microsoft Azure and Google Cloud, CEO Patrick Gelsinger said on Friday. “We have interest from our customers to expand our relationships with Google, Microsoft and others,” Gelsinger said on CNBC’s “Squawk Alley.” “We have announced some incremental expansions of […]
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Fires like these are not common in auto manufacturing. It is especially uncommon for a plant to have multiple fires in a paint shop. According to the most recent available data from the National Fire Protection Association, local fire departments respond to 190 fires per year on average in maintenance or paint shop areas of […]
Read moreSpaceX billionaire Elon Musk clapped back to Boeing CEO Dennis Muilenburg‘s claim that Boeing will be the first space company to get to Mars. “Do it,” Musk tweeted Thursday in response to a story about the assertion. Do it Muilenburg was asked by The Street, “Who arrives to Mars first, SpaceX or Boeing?” “Boeing,” Muilenburg […]
Read moreHarley-Davidson shares dropped as much as 2.3 percent Friday after the company said a trade war with Europe would “significantly” hurt motorcycle sales. President Donald Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports, affecting the motorcycle company’s manufacturing costs. In response, the European Union told the […]
Read moreVerily, Alphabet’s life sciences arm, has beefed up its advisory board and leadership team as it looks to move beyond research and development and into hospitals and clinics. The company recently hired Ashraf Hanna, the former CEO of Oric Pharmaceuticals, as its chief operating officer, and brought on Vivian Lee, a radiologist and the former […]
Read moreThe chances of a landslide victory for Mexico’s far-left presidential candidate, Andres Manuel Lopez Obrador, are growing and that is scaring investors. Mexico‘s benchmark stock index, the S&P/BMV IPC, plummeted 7.6 percent in May, marking its biggest one-month decline since February 2009. The iShares MSCI Mexico exchange-traded fund (EWW) — which tracks Mexican stocks — […]
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