Tag Archives: 3month

(Bloomberg) — Bill Ackman ditched his stake in Netflix Inc. after losing more than $430 million on his investment in less than three months. Most Read from Bloomberg Ackman’s Pershing Square Capital Management said Wednesday it had sold its Netflix holdings after the streaming TV pioneer reported an unexpected drop in subscribers in the first quarter and projected an even steeper decline in the current one. Netflix shares tumbled 35% to $226.19 at the close in New York, making it the worst… Source link

Weekly new jobless claims unexpectedly jumped last week by the most since October, with some renewed virus-related disruptions at least temporarily impeding the labor market’s recovery.   The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Jan. 15: 286,000 vs. 225,000 expected and a revised 231,000 during prior… Source link

Kyrgyz operator Nur Telecom, trading under the O! brand, is running a promotion for the service Yandex.Plus. O! customers who sign up to Yandex.Plus can obtain a three-month free trial of the service, after which the monthly subscription rate will be KGS 179 later. Source link

Bitcoin, the world’s oldest crypto, reached its highest point in almost three months on Saturday before paring back some of the weekend’s gains. Prices have since cooled and are down around 1.5% on a 24-hour basis after reaching a top of $45,300, their highest point since May 18. As of press time, bitcoin is changing hands for around $43,430. Datamish data shows bitcoin’s push to higher price highs (HH) and higher price lows (HL) was precipitated by a short squeeze which saw 126 BTC… Source link

Bloomberg The World Economy Is Suddenly Running Low on Everything (Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The… Source link