|Bid||6.41 x 40700|
|Ask||6.42 x 45900|
|Day's Range||6.34 - 6.43|
|52 Week Range||5.23 - 6.50|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||29.05|
|Earnings Date||Oct. 31, 2019|
|Forward Dividend & Yield||0.05 (0.84%)|
|1y Target Est||7.00|
Is it time for investors buy streaming music giant Spotify stock on the dip even as Apple and Amazon boost their streaming offerings...
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
Pandora, the most popular music streaming mobile app in the U.S., today announced the launch of its New Pandora Mobile Experience, adding dynamic personalization and discovery features that unlock a new world of music, podcasts and unique content for users across all tiers of service. Pandora’s new mobile experience introduces a range of innovative features designed to enhance personal discovery and give listeners full exposure to Pandora’s vast library of on-demand music and podcasts, personalized content via Pandora’s curation team and its proprietary Music and Podcast Genome technology, and wide selection of unique programming and features no matter which tier of service they use: free ad-supported, Pandora Plus, or Pandora Premium. The New Pandora Mobile Experience introduces new features like “For You,” a personalized, dynamically-updating discovery feed that serves up fresh, custom-curated music and podcast recommendations for each user throughout the day, the “Pandora Modes” Station customization feature for mobile, a simplified new navigation interface for greater ease of use, and much more.
(Bloomberg Opinion) -- Revelations about Boris Johnson’s personal life, when they periodically emerge, have tended mainly to serve as tabloid fodder for a few days and then flame out. Two recent allegations, however, could prove much harder for the prime minister to simply swat away.The first emerged over a week ago when the Sunday Times published a story alleging that Johnson, during his time as Mayor of London, used his influence to help American former model and tech entrepreneur, Jennifer Arcuri, now 34, get access to government funds and coveted places on overseas trade missions.The Times stories and those that followed – including reports of frequent visits to Arcuri’s flat from the then-married mayor – would have been media catnip at any time. But it’s the allegation that his private life might have impaired Johnson’s judgment as a public official that gives it legs. They are now the subject of three separate investigations into whether the Mayor failed to declare a personal interest, including a police investigation referred by the Greater London Authority because as mayor, Johnson was in charge of policing and crime-fighting.Johnson has denied any impropriety in his official duties. In keeping with his policy, he has refused to comment on the nature of his past relationship with the entrepreneur.That doesn’t mean the stories will go away. In fact, they could become a major test of whether voters’ concern with Brexit overrides all else in the next general election. For many Conservative voters who have been inclined to support his Brexit policy, and especially for many women, the stories will be a reminder of a long-held, small-c conservative view that matters of personal morality and those of probity in public office are often not very far apart.Arcuri was clearly a force in London’s burgeoning tech scene at the time. Fresh out of business school, she set up a company called Innotech to run events for the tech sector. Johnson’s presence at the events, and hers on mayoral trade missions to Singapore, Malaysia and Tel Aviv, helped put Arcuri on the map in that world. A 2014 Business Insider story names her as one of the 25 top women in tech, along with Net-a-Porter founder Natalie Massenet and Martha Lane Fox of lastminute.com fame. “Thanks to her close ties with London mayor Boris Johnson, the shaggy-haired politician has repeatedly agreed to speak at the event, which also shows the government's interest in the east London tech cluster,” it wrote of Arcuri.That Johnson would grace those events raises eyebrows now, but it didn’t so much at the time. London’s now established tech sector was young and starving for funds and attention; government officials seemed keen to show their support.Arcuri is clearly someone who could gather the geeks and the hooded coder-dudes in a room, make them feel they had superpowers, and then go market those powers to politicians and companies that didn’t know their DDoS from their MitM attacks. She has evangelized for women in tech and tech education. Much of it was also photo-op fodder: Arcuri with Johnson, Arcuri in a selfie with Brexit czar Michael Gove, Arcuri in front of 10 Downing Street in two separate outfits, Arcuri giving a Ted talk. The Sunday Times report said that Innotech received two grants in 2013 totaling 11,500 pounds ($14,149) from a promotional organization that Johnson was responsible for as mayor. Arcuri reportedly received a 15,000-pound government grant, under the Sirius program designed to woo foreign entrepreneurs to build businesses in Britain.Earlier this year, Hacker House, which Arcuri set up with professional hacker Matthew Hickey to provide cyber-security training, received the first disbursement in a 100,000-pound award from the Department of Digital, Culture, Media and Sport, earmarked for U.K.-based companies to provide cybersecurity training and also “boost diversity” in the sector. The government has disbursed 47,000 pounds and frozen the rest pending the investigation. Hickey, who tweets as @hackerfantastic and is also Arcuri’s husband, has vigorously defended her and Hacker House against allegations that it won business improperly. Arcuri has said that all funding was in respect to her position as a legitimate businesswoman.As the Arcuri story was gaining momentum, the first day of the Tory Party conference in Manchester on Sunday was marred by revelations by Sunday Times journalist Charlotte Edwardes, that Johnson had squeezed her thigh, and that of another unnamed woman, at a boozy lunch when he was editor of the Spectator in 1999. Downing Street issued a statement that “the allegation is untrue,” an unusual move because Johnson doesn’t normally comment on such things. Edwardes tweeted in response: “If the prime minister doesn’t recollect the incident then clearly I have a better memory than he does.”Some around Johnson at the party conference showed clear discomfort about the whole thing. Health Secretary Matt Hancock said of Edwardes, “I know her and I know her to be trustworthy,” a sentiment echoed by former cabinet minister Amber Rudd. U.K. Chancellor of the Exchequer Sajid Javid came to Johnson’s defense, saying he has total trust in the prime minister.Together, the two sets of allegations may be harder to shake than any Johnson has faced in the past. Johnson’s ties to Arcuri will have to survive formal investigations, not just trial by media. If Johnson helped Hacker House understand what was required to successfully bid for government contracts, that is one thing; if he failed to declare a personal interest or intervened to see that contracts were awarded, that is entirely another.The second allegations are more complicated to adjudicate. While Johnson’s personal peccadilloes may be tolerated, Edwardes’s allegations, even if many will question the timing, go further than anything previously reported about the prime minister’s character. Former Defense Minister Michael Fallon had to resign over not dissimilar allegations under Theresa May. Her close adviser Damian Green was also forced to resign after being found to have made misleading statements about pornography on one of his parliamentary office computers.Johnson’s strategy seems to be to tar anyone who discusses such matters as being hell-bent on frustrating the U.K. from leaving the European Union on Oct. 31. Will his divided party toe that line? His cabinet is reportedly divided over his Brexit plans and leaks on Monday night suggest that the EU is so far not buying his proposals. It may still be that Brexit is so paramount for Conservative voters – or, if not, then at least keeping socialist Labour leader Jeremy Corbyn out of power is -- they trump everything else in the next election. Forces are coming together that could test that theory to the limit.To contact the author of this story: Therese Raphael at email@example.comTo contact the editor responsible for this story: Melissa Pozsgay at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Therese Raphael writes editorials on European politics and economics for Bloomberg Opinion. She was editorial page editor of the Wall Street Journal Europe.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
(Bloomberg) -- The U.S. economy is outperforming expectations by the most this year, offering a fresh rebuttal to last month’s resurgent recession fears fueled by the trade war and a manufacturing slump.The Bloomberg Economic Surprise Index has reached an 11-month high after four indicators released Thursday, including existing home sales and jobless claims, each surpassed expectations. The gauge continued to advance after swinging to positive from negative on Tuesday for the first time this year. The data also pushed a similar measure produced by Citigroup Inc. to the highest level since April 2018.“It says things are getting better,” said Jim Paulsen, chief investment strategist at Leuthold Group in Minneapolis “There’s a definitive change in the growth profile and there’s an acceleration in growth. It’s interesting how pessimistic the attitudes still are among investors, yet when you look at surprise indexes, you would think people would feel better about growth. There’s a disconnect.”The readings are signaling a somewhat brighter mood about the world’s largest economy after some indicators and markets stoked fears last month of a quicker ending to the record-long economic expansion.Federal Reserve policy makers on Wednesday highlighted the economy’s strength even as they moved forward with their second-straight interest-rate reduction to guard against elevated risks to the expansion. Investors are growing more upbeat too, lifting U.S. equity benchmarks back near records this month.Paulsen also noted similar surprise upbeat readings in other parts of the world, including Europe and Japan.St. Louis Fed President James Bullard, asked Friday about rising surprise indexes, pointed to mixed readings and diverging sectors. “We have a very strong labor market that’s underpinning good consumption growth in the U.S., the household sector is generally doing well,” he told Wharton Business Radio on Sirius XM. He said other parts of the economy are seeing weakness with global growth slowing and Europe “teetering on recession.”Thursday’s raft of U.S. data included the Labor Department’s report on initial filings for unemployment benefits, which matched the most optimistic estimate in Bloomberg’s survey and were just above historically low levels.Elsewhere, the unchanged reading on the Conference Board’s index of leading economic indicators -- a barometer of future growth -- compared with projections for a decline.In addition, an industry report on August existing home sales sailed above all forecasts following a report Wednesday showing the strongest pace of housing starts since 2007, signaling that residential construction may add to economic growth in the third quarter for the first time since the end of 2017.Within manufacturing, the Philadelphia Fed’s index of manufacturing business activity in September topped estimates Thursday as factories continued to expand at a moderate pace. On the other hand, the New York Fed’s Empire State factory index was more downbeat earlier this week.To be sure, several better-than-forecast data points don’t amount to an all-clear sign for the economy. American business is still reluctant to ramp up capital investment against a backdrop of trade policy uncertainty and tepid global demand.The chances of recession in the next 12 months are up to 35% from 20% at the end of last year, according to a Bloomberg survey of economists earlier this month. Forecasters still project 2.2% GDP growth this year and 1.7% in 2020.Recession concerns grew last month after President Donald Trump announced more tariffs on Chinese goods, prompting a retaliation, while the stock market slumped and a key part of the Treasury yield curve inverted -- a traditional harbinger of recession.“People got overly pessimistic about the U.S. economic outlook,” said Mark Vitner, senior economist with Wells Fargo & Co. Now, he says, “the message is growth is slower, yes, but the risk of recession is grossly overstated. As long as the Fed continues to do the right thing” by cutting rates a couple more times.“A year from now we’ll look back and say, yes, we pivoted to slower growth and job growth slowed, but there is still a lot going right with the economy,” he said.(Adds comment from Fed’s Bullard in eighth paragraph.)To contact the reporters on this story: Jeff Kearns in Washington at email@example.com;Steve Matthews in Atlanta at firstname.lastname@example.orgTo contact the editors responsible for this story: Scott Lanman at email@example.com, Vince GolleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Amazon's (AMZN) Amazon Music HD is likely to give tough competition to Apple, Spotify, Google and Sirius, which are also making every effort to bolster their presence in music streaming space.
NEW YORK , Sept. 16, 2019 /CNW/ -- KIDZ BOP , the #1 music brand for kids with more than 20 million albums sold, in partnership with Live Nation, is extending its successful KIDZ BOP World Tour, traveling ...
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In an effort to bring in more Premium subscribers, Spotify (SPOT) has announced it’s teaming up with AT&T (T) to court the mobile carrier’s customers.
The Zacks Analyst Blog Highlights: Apple, BP, Canadian National, Advanced Micro Devices and Sirius XM