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.
Companies are making money, the economy is cooling down, and a rate cut or two possible by the fall? It might be time to break out the cautious optimism.
Fed Chair Jerome Powell reported that rates would likely remain elevated due to sticky inflation. Zillow breaks down how this could impact the housing market.
Amanda Chin, SVP of Marketing for the Golden State Warriors, stops by Cheddar to debut Valkyries name and logo and talks why women sports is good for business.
The return of ‘meme stocks’ don’t mean it’s time to panic about the stock market. If you want something to worry about… look no further than inflation.
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