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Live news: Spotify swings to profit as cost cutting and price hike pay off – Financial Times


Microsoft: The technology company is forecast to report that revenue jumped 9 per cent to about $54.5bn in the first quarter, according to analysts polled by LSEG, who also forecast earnings increased by 30 cents from a year ago to $2.65 a share.

Alphabet: Google’s parent company is expected to report that revenue increased 10 per cent from a year ago thanks to a jump in advertising revenue and strong demand for its cloud services.  

Other earnings: Coca-Cola, Verizon, General Electric, RTX, 3M, General Motors, Kimberly-Clark, Spotify and Halliburton will report before the bell. Visa and Texas Instruments will report after the bell. 

Congress: Republicans in the US House of Representatives will try to elect a new speaker after Jim Jordan lost for the third time last week. Now, nine Republicans have announced they are running for the top position in Congress and a floor vote could happen as soon as today. 

Antony Blinken: US secretary of state Antony Blinken will participate in a UN Security Council meeting on the conflict in Israel.



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