Category: Top Story
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Spotify Distributes Record $11 Billion to Music Industry in 2025
Spotify (NYSE:SPOT) said it paid out more than $11 billion to artists, labels and rights holders in 2025, marking the largest annual payout to the music industry ever made by a single retailer. The Sweden-based streaming group said in a blog post on Wednesday that total payouts increased by over 10% compared with 2024. Independent…
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Snap Shares Gain After Company Sets Up Standalone Unit for AR Glasses
Snap Inc. (NYSE:SNAP) shares climbed about 4% on Wednesday after the social media group said it has formed a separate subsidiary focused on launching its upcoming augmented reality glasses, Specs. The newly created unit, Specs Inc., is intended to give Snap’s smart eyewear division greater autonomy, a structure likened by Bloomberg News to how Waymo…
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Starbucks Delivers Strong Comparable Sales Growth on U.S. Momentum
Starbucks (NASDAQ:SBUX) reported fiscal first-quarter comparable store sales growth that significantly exceeded market expectations, offering a lift to chief executive Brian Niccol’s efforts to revive performance at the U.S. coffee chain. Since taking over, Niccol has outlined a turnaround plan centered on streamlining the menu, improving service speed and enhancing the in-store experience, following several…
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AT&T Beats Q4 Profit Estimates, Shares Advance
AT&T (NYSE:T) shares edged higher in premarket U.S. trading on Wednesday after the telecoms group reported fourth-quarter results that topped profit expectations and outlined an upbeat outlook for the year ahead. Recent strategic deals have underpinned AT&T’s push to strengthen its network infrastructure, including a $6 billion acquisition of Lumen’s consumer fiber assets and a…
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Semiconductor Shares Poised to Drive Early Gains on Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. equity futures pointed to a firmer open on Wednesday, setting the stage for stocks to build on gains from the previous two sessions, with semiconductor names once again expected to lead the advance. Chip-related stocks were among the strongest performers on Tuesday, and that momentum looked set to continue in early trading. U.S.-listed shares…
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Intel Shares Jump on Report Linking Chipmaker to Nvidia’s Long-Term GPU Plans
Shares of Intel (NASDAQ:INTC) climbed in U.S. premarket trading on Wednesday after a media report suggested the company could play a role in Nvidia’s (NASDAQ:NVDA) next-generation semiconductor roadmap. According to Taiwan-based DigiTimes, recent supply chain intelligence indicates that Nvidia plans to work with Intel on elements of its Feynman microarchitecture, a future graphics processing unit…
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Amazon Plans 16,000 Job Cuts in Second Large-Scale Layoff This Year
Amazon (NASDAQ:AMZN) said on Wednesday it will eliminate 16,000 roles globally, marking its second major round of job cuts in the past three months as the company continues to reshape its workforce following pandemic-era hiring and accelerates the use of artificial intelligence across its operations. The move follows the reduction of 14,000 corporate positions announced…
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At the intersection of immersive gaming, health, and artificial intelligence
Hello, I’m Ricki Lee, and this is The Capital Compass. Today we’re taking a look at Virtuix, a company at the intersection of immersive gaming, health, and artificial intelligence — and one that’s just listed on (NASDAQ:VTIX). Virtuix is best known for Omni One, an immersive treadmill that lets players physically walk, run, and move…
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Shell, BP Apply for U.S. Sanctions Waivers to Advance Caribbean Gas Developments
Shell (NYSE:SHEL) and BP (NYSE:BP) are pursuing approvals from the U.S. Office of Foreign Assets Control to move ahead with natural gas projects spanning Trinidad and Tobago and Venezuela, according to Trinidad’s energy minister Roodal Moonilal. Addressing delegates at the Indian Energy Week conference on Wednesday, Moonilal said Shell is seeking authorization to develop the…
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Fed Call and Earnings Wave Take Center Stage as Markets Brace for Volatility: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures were mostly higher early Wednesday as investors positioned cautiously ahead of a packed session featuring a key Federal Reserve policy decision and a heavy slate of corporate earnings. The Fed is widely expected to keep interest rates unchanged, while several mega-cap technology groups are set to report results after U.S. markets close.…