The platform said its current partnership with Kinzen, which began in 2020, has been critical to enhancing its approach to platform safety. "Now, working together as one, we will be able to even further improve our ability to detect and address harmful content, and importantly, in a way that better considers local context," Jenkings added. "We have long had an impactful and collaborative partnership with Kinzen and its exceptional team," Dustee Jenkins, Spotify's Global Head of Public Affairs, said in a blogpost. The platform said that Kinzen's advanced technology and deep expertise will help Spotify more effectively deliver a safe, enjoyable experience on the platform around the world. The Nasdaq composite slid 0.7% to 11,073.31.San Francisco, Oct 6 (IANS) Popular music streaming platform Spotify has announced that it has acquired Dublin-based Kinzen, a global leader in protecting online communities from harmful content.
The Dow Jones Industrial Average lost 1.1% to 29,926.94. The index is up 4.4% for the week following its best two-day rally in 2 1/2 years. On Wall Street, the S&P 500 fell to 3,744.52.
In Asia, the Nikkei 225 in Tokyo sank 0.7% and Hong Kong's Hang Seng tumbled 1.5%. Chinese markets were closed for a holiday. The yield on the 10-year Treasury, which helps set rates for mortgages, rose to 3.84%. The unemployment rate is anticipated to hold steady at 3.7%.
"It appears that many individuals have been able to transition to new employment opportunities in quick order." Even with some companies announcing layoffs or plans to cut jobs," said senior economic analyst Mark Hamrick. "Employment and jobless claims data suggest the job market remains firm. economy likely added 250,000 new nonfarm jobs in September. That’s down from 315,000 the previous month and would mark the weakest job growth since December 2020. WTI crude futures traded around $88.00 a barrel.īrent crude futures traded around $94.00 a barrel.īoth benchmarks were headed for weekly gains, fueled by the production cut announcement by OPEC+.Įconomists surveyed by Refinitiv say the U.S. Oil prices steadied on Friday ahead of the jobs report. Samsung saw profits plunge as demand fell.ĪMD provided third-quarter revenue estimates that fell well short of its previous forecast, citing lower-than-expected demand and significant inventory corrections across the personal computer market supply chain. The Nasdaq is taking a hit due to news from chipmakers.
The major futures indexes suggest a gain on the Dow Industrials when the opening bell rings on Wall Street. equity futures were trading mixed ahead of the release of the most anticipated economic report of the month - the September employment report.
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