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.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
