Spotify (SPOT) is set to report its fiscal second quarter earnings on Wednesday before the bell as the platform doubles down on podcasts amid an increasingly crowded music streaming landscape. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $2.87 billion expected Adjusted loss per share: -$0.66 expected Total monthly active users (MUAs): 428 million expected In the first quarter of 2022, total monthly active users grew 19% year-over-year to 422 million in the… Source link
Read More »What to expect as chain battles inflation, price hikes
Chipotle (CMG) is set to report its fiscal second quarter earnings on Tuesday after market close as inflation remains top of mind for both businesses and consumers. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $2.25 billion expected Adj. earnings per share (EPS): $9.10 expected U.S. same-store sales: 10% to 12% increase expected Analysts anticipate that, similar to last quarter, Chipotle will benefit from its expanded growth in digital sales and online… Source link
Read More »What to expect as Morgan Stanley warns of ‘streaming recession’
Netflix (NFLX) is set to report its fiscal second quarter earnings on Tuesday after market close as the company battles ongoing inflationary pressures, increased competition, and an uptick in subscriber churn. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $8.05 billion expected Adj. earnings per share (EPS): $2.99 expected Subscribers: Loss of 2 million users expected The streaming giant’s anticipated loss of 2 million paying users for the second quarter… Source link
Read More »LeBron James played in Drew League and it went about how you would expect
LeBron James is still LeBron James, even in the offseason. The Los Angeles Lakers superstar made a much-anticipated appearance at the Drew League in Los Angeles on Saturday, his first in 11 years, and was exactly as advertised, dropping 42 points, 16 rebounds and four steals in a 104-102 win. James’ team, the Cheaters (yes, really), led for most of the first half before finding themselves in a hole in the third quarter. James helped lead a comeback, while delivering highlight after… Source link
Read More »Here’s what to Expect From Bitcoin and Ethereum in Q3 2022
Key Insights: Bitcoin’s price saw a close to 56% drop in the second quarter of 2022. The global crypto market cap and most of the top crypto assets saw significant pullbacks and rangebound trajectories over the last three months. Largely stagnant futures and options markets and low trading volumes have been a bear market constant. A long and cold winter in the crypto bear market has left participants looking at price charts to seek relief in patterns. Top crypto assets – bitcoin (BTC) and Source link
Read More »What to expect from a recession ‘everyone’ sees coming
It seems like “everybody” these days is saying we’re going into recession. So: are they right? I’ve covered the markets and the economy for four decades, and I can’t recall a time when more people — or at least prognosticators, economists, and bankers — were more certain that an economic downturn was imminent. And if so many people believe that a recession is inevitable does that make it, well, inevitable? Or does it mean that a recession won’t occur? Or that any recession will at… Source link
Read More »60% of CEOs expect recession by 2023: Conference Board
Fears of an economic downturn are growing among CEOs, with some convinced the economy has already rolled over. The majority of chief executive officers and other C-suite leaders across the globe believe their geographic region will enter a recession by the end of 2023, according to a survey from the Conference Board released Friday. The business research firm found that 60% of CEOs expect the economy to contract in their primary area of operations in the next 12 to 18 months. Some 15% of CEOs… Source link
Read More »Apple’s WWDC 2022 event: Here’s what to expect
Apple’s (AAPL) WWDC developers conference, arguably its biggest event of the year, kicks off next Monday, and it’s expected to bring a slew of changes to the software that powers each of the tech giant’s devices. We’re talking updates to Apple’s iOS, iPadOS, watchOS, and perhaps, the debut of the company’s long-rumored realityOS for VR and AR headsets. Yahoo Finance will be covering WWDC live as it unfolds, but just as with any big Apple event, I’m already getting questions about… Source link
Read More »What to expect from Google I/O 2022
Google’s annual developer conference, Google I/O, is scheduled to take place this week, kicking off with an opening presentation on Wednesday, May 11th, at 1PM ET. Although the conference itself is pitched at helping developers get the most out of Google’s tools and platforms, the keynote is relevant for a much broader audience, with hardware and software announcements for products due for release in the next 12 months. This year, we could see a number of hardware announcements… Source link
Read More »Google’s Parent Alphabet Reports Earnings Today. Here’s What to Expect.
Text size Google on a tablet Dreamstime Google’s parent Alphabet is set to report… Source link
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