Apple Music Could Outpace Spotify, Tech Giants Prepare to Release Earnings
Apple Music is on track to overtake Spotify. According to The Wall Street Journal, Apple is growing its U.S. subscriber base by 5% every month, compared to only 2% growth from Spotify. If Apple continues to grow at this pace, it could overtake Spotify in the U.S. by the summer.
In our weekly Grab & Go segment, we preview earnings reports from Twitter, Snap, and Tesla. Investors will be looking to see if Twitter can return to growth. Snap hopes its app redesign will turn things around. And Tesla's revenue is likely to grow while profitability will take a hit due to higher than expected production costs for the Model 3.
Chris Versace, CIO at Tematica Research and portfolio manager for TheStreet Pro, joins from the NYSE to break down the Fed’s latest move and Big Tech’s earnings
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Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson