Columbus, OH

Audio-streaming giant Spotify reported a record quarterly profit on Tuesday that came in a bit ahead of analyst expectations on a record number of paid subscribers. According to FactSet, the 246 million paid subscribers in the second quarter were above analyst estimates of 245.3 million, Forbes reported. Earnings of Sweden-based...

Spotify Reports Record Profit, Premium Subscriber Growth

Spotify Technology (SPOT) posted second-quarter results before the bell Tuesday that delivered record profit and offered fresh guidance. The Swedish streaming-audio titan projects third-quarter operating income of 405 million euros ($439.6 million) on revenue of 4 billion euros, with monthly active users (MAUs) climbing to 639 million. That was in line with analysts' revenue projections complied by Visible Alpha.

Spotify's Stock Pops After Streaming-Audio Giant Posts Record Profit

Spotify Technology surpassed revenue expectations with their recent second-quarter earnings on Tuesday, July 23. According to Yahoo Finance, the company posted an adjusted profit as its recent efficiency strategy began to show results. Following the earnings report, Spotify's stock surged more than 10% in premarket trading, reflecting investor confidence in the company's turnaround plan.

Spotify's Q2 Profit Surpasses Expectations After Layoffs, Price Hikes

Google parent company Alphabet reported earnings after the bell. Alphabet's revenue was up 14% year over year, driven by search as well as cloud, which surpassed $10 billion in quarterly revenues and $1 billion in operating profit for the first time. The company reported ad revenue of $64.62 billion —...

Alphabet meets earnings expectations but misses on YouTube ad revenue

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

24/7 Wall St.

The slowing subscriber count at Netflix matters to shareholders. The stock has underperformed the Nasdaq so far this year.
The post Netflix May Be in Trouble appeared first on 24/7 Wall St..

Netflix May Be in Trouble

Illinois State

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Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Meta Platform's current market cap is $1.2 trillion, meaning its stock would need to grow roughly 67% to reach $2 trillion. The company leverages its immense user base to generate billions in net income and free cash flow. On a price-to-free-cash-flow basis, this social media giant appears undervalued compared to...

This Undervalued Stock Could Join Amazon in the $2 Trillion Club

The Associated Press

NEW YORK (AP) — Payment processing giant Visa Inc. said Tuesday that its fiscal third-quarter profits rose 9% on an adjusted basis, as it benefits from consumers and businesses moving their payments from cash to credit and debit cards.  The San Francisco-based company said it earned $4.87 billion, or $2.40 a share, compared to a profit of $4.16 billion, or $2.00 a share, in the same period a year earlier. Excluding one-time items, Visa earned $2.42 a share, which was in line with what analysts had expected, according to FactSet.  Visa processed $3.325 trillion in transactions on its network during the quarter, up 7.4% from a year earlier. Much of the payments growth came from Europe and Latin America, but U.S. payments grew by 5.1%, which is faster than U.S. economic growth.  Visa earns a fee from every transaction processed on its network. That fee varies from industry to industry, and whether it’s done with a credit or debit card, but generally it is somewhere between 1% to 4%. Since the pandemic, more consumers globally have been shopping online for goods and services, which has translated into more revenue for Visa in the form of fees. 

Visa's fiscal third-quarter profits rise 9% as payments become increasingly digital

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

California State

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

The Motley Fool

Amazon, Walmart, and IBM could outperform many of the other Dow stocks.

These 3 Dow Stocks Are Set to Soar in 2024 and Beyond

Santa Maria, CA

Atascadero, CA

Big Lots is in the news again, and unfortunately, it's not for good reasons. The discount retailer has confirmed that it's closing several stores across the country, with the latest one set to shut its doors in Atascadero, California.

A major discount retailer is closing stores nationwide

North Carolina State

Town Talks

North Carolina’s beloved Biscuitville has once again been recognized as one of the best regional fast food chains in the United States. In USA Today's annual 10 Best Readers’ Choice Awards, Biscuitville ranked second overall and was also named the No. 1 best fast food breakfast spot in the country.

North Carolina is home to one of the best regional fast food chains in America

Total Apex Sports & Entertainment

Do your loved ones consult you regularly when they face a crisis? Intelligence is a branch of psychology that lacks a standard definition. Some scientists claim that it is a single ability and others state it comprises aptitudes and skills. Intelligent zodiac signs learn from their experiences and easily recognize and solve problems.

5 Most Intelligent Zodiac Signs

Reuters

(Reuters) -Alphabet beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that capital expenses would remain high for the year.

Google parent Alphabet beats Q2 revenue, profit estimates on strong ads, cloud

In a recently released study by Edison Research, supported by SiriusXM and Group M, Edison devotes nine slides to documenting the many ways and extents to which women are sports fans. A few key points:. They like NFL football best; Formula 1 car racing least. Part of the devotion to...

The power of female sports fans (Edison Research)

Palmer Township, PA

Bucks County Beacon

United Auto Workers members at the BMW Regional Distribution Center in Palmer Township voted Monday to ratify a new contract agreement that secures record wage increases and better workplace policies. The deal comes a month after UAW members voted to authorize a strike. In response, BMW offered a five-year contract that the union is calling “unprecedented.”

UAW Workers At Lehigh Valley BMW Distribution Center Finalize ‘Unprecedented’ Contract Agreement

Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope of the Day, Wednesday, July 24th

(Reuters) - U.S. homebuilder PulteGroup beat Wall Street estimates for second-quarter profit on Tuesday, as an acute shortage of existing houses drove up demand for new constructions.

PulteGroup's quarterly profit beats estimates on higher home sales

NewsBreak

Spotify Q2 earnings: A full quiver of upward-pointing arrows

“I said that while many believe that Spotify has a great product, we needed to prove that we could also be a great business. I think...

Spotify Q2 earnings: A full quiver of upward-pointing arrows

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