Africa-focused music streaming service Mdundo has reported continued strong growth in monthly active users and paid subscriptions, despite headwinds that resulted in an overall revenue decline. Mdundo counted 37.8 million monthly active users (MAUs) as of September, up 29.5% YoY, the company said in its fiscal Q1 (calendar Q3) report. The company reiterated guidance from […]
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Stocks slid Friday after a slate of earnings beats from big banks fueled concerns that the Federal Reserve will raise interest rates at its next two meetings. Still, the major indices gained for the week. The Dow rose 400 points, or 1.2%. The S&P 500 gained 0.8% and the Nasdaq Composite advanced 0.3%. JPMorgan Chase […]