SPOT Short-Term to 'Bring Some Noise,' UPS Cutting 20,000 Jobs

This morning's earnings movers saw down arrows ahead of the opening bell. Spotify (SPOT) was down as much as 7% when its bottom line saw a big miss despite healthy subscriber growth. Jenny Horne notes commentary from the CEO on Spotify's outlook spurring skepticism. UPS Inc. (UPS) beat on its earnings but plans to cut 20,000 jobs and close dozens of sites around the country.

Morning Trade Live

29 Apr 2025

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