Economy News Shares

Spotify posted strong performance in Q3

Spotify, the world’s leading music streaming service, reported its third-quarter results on Wednesday. Displaying a strong performance, the company recorded its sixth net profit. Despite its success in the online music market, Spotify has yet to post a full-year profit since going public in 2018. This is the company’s sixth net profit since going public […]
Broker New To Trading News Shares Technology

Robinhood’s First Earnings Report Surprises, However, the Stock Is Down

Robinhood’s sales revenue for Quarter three was $565 million, vs the expected $521.8 million. More clients traded crypto, accounting of the crypto volume, and most of it was in dogecoin. Dogecoin was made famous by Elon Musk’s tweets and gained popularity on social media, resulting in the coin value surges.  Also, new customers took most […]
Economy News Shares

Walmart beats expectations, raises forecast

The U.S. retailer Walmart raised its same-store sales forecast after beating analysts’ estimates thanks to back-to-school spending after more than a year of distance learning. According to IBES data from Refinitiv, sales excluding fuel at the group’s U.S. stores open at least a year rose 5.2% in the second quarter, beating analysts’ expectations by 3.69