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Spotify Shares Jump Following Strong Earnings Report

Spotify stocks jumped by 10% during premarket trading after the streaming platform released its fourth-quarter earnings. Despite an operating loss of 75 million euros ($80.6 million) led by real estate-related expenses, the company is on course to a first-quarter operating income of 180 million...

Renault Shares Rise After Scrapping EV IPO

Renault SA shares rose by as much as 5% on Tuesday after the company decided to abandon its plans to launch an initial public offering for its electric vehicle (EV) business. The French automaker explained that unfavorable market conditions influenced its decision to abandon...

Goldman Sachs Posts 51% Gain in Year-On-Year Quarterly Earnings

Goldman Sachs posted mixed full-year earnings results for 2023 on Tuesday, with the investment giant experiencing both highlights and lowlights over the past year. The company's net income of $8.52 billion for 2023 marked a 24% slump from the previous year, which is also its...

OPEC Nations Remain Committed Following Angola’s Exit

Organization of the Petroleum Exporting Countries members Iraq, Nigeria, and the Republic of Congo have voiced their commitment to the cartel following the departure of Angola from the organization last week. "We reiterate our firm support for unity and cohesion at the heart of...

Oil Rises as U.S. Output Nears Record Numbers

Oil prices rose on Thursday as higher inventories and record production in the United States provided investors with relief following concerns over disrupted Red Sea shipments. "Oil concerns itself with the state of U.S. production this morning and enters the day less buoyant than...

FedEx Shares Fall Following Lower Revenue Forecast

FedEx stocks plummeted by 9.8% to $252.58 in extended trading after the courier company missed its quarterly earnings estimates for the three months ended November. While the company's adjusted earnings rose 23% to $1.01 billion, or $3.99 per diluted share, this figure fell short...