In This Article:
Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Upstart (UPST) shares falling on its disappointing revenue outlook, Spotify (SPOT) unveiling its new user experience and playlist curation features, and Amazon (AMZN) investing $4 billion into the country of Chile to build out the company's data center and cloud infrastructure.
Catch Yahoo Finance's interview with Upstart CEO Dave Girouard from earlier this week.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo Finance's market minute. Upstart shares lower as its revenue forecast falls short of expectations, sparking concerns from investors about weakening demand for loans in a higher rate environment. Upstart's CEO telling Yahoo Finance that the company is in growth mode and is being quote reasonably cautious. Spotify shares are rising. The company announcing an updates to its user experience offering subscribers more tools to curate playlists and refine their recommendations. This comes after Spotify reported disappointing user guidance for its second quarter, expecting 684 million monthly active users. And Amazon shares rising today. The company has two exciting pieces of news. First, Amazon's cloud computing division is investing $4 billion to build data centers in Chile, according to Reuters. Second, Amazon unveiled its new warehouse robot named Vulcan that has a sense of touch. Vulcan can rummage through shelves feeling around to find the right product to ship to customers. That's your Yahoo Finance market minute.
