U.S. stock futures moved lower ahead of the open Monday as investors await a blockbuster week that includes the latest Fed meeting, a flurry of heavyweight earnings reports, and jobs data. Futures tied to the S&P 500 (^GSPC) down 1%, while futures on the Dow Jones Industrial Average (^DJI) lost 0.7%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) declined by roughly 1.3% The yield on the benchmark 10-year U.S. Treasury note ticked up to 3.557% on Monday morning. The dollar index… Source link
Read More »R.L. Stine on the blockbuster book franchise and why he’s ‘Stephen King for kids’
Goosebumps author R.L. Stine at the NASDAQ opening bell in 2015. (Photo by Slaven Vlasic/Getty Images) The Goosebumps books have been scaring generations of young readers silly for 30 years now. But franchise mastermind R.L. Stine tells Yahoo Entertainment that he’s no ‘fraidy cat. “Here’s the strange thing about me — I don’t get scared” the 78-year-old author confesses. “I think there’s something missing in my brain! Even as a kid, horror always makes me laugh. Whether I’m reading a… Source link
Read More »How Netflix went from a Blockbuster killer to a company whose future is ‘clear as mud’
Netflix (NFLX) investors are still reeling after the tech-heavy Nasdaq Composite Index (^IXIC) posted its worst month since 2008. The stock — once a big winner from the pandemic — is down roughly 75% from its November peak, and its once $300 billion market cap now sits south of $80 billion. The streaming giant’s subscriber drop in April spurred speculation on Wall Street about its next big move, which could involve a lower-priced ad-supported option or even a clamp-down on password… Source link
Read More »Google Set to Cap Blockbuster Year With Sales Gains
Google parent Alphabet Inc. GOOG 1.81% is expected to report another quarter of strong sales growth, capping a year when profits nearly doubled despite mounting regulatory pressure that threatens the search giant’s future. The company’s dominance in online search, video and internet ad sales made it one of last year’s leading beneficiaries of an upswing in digital advertising. Last year, small and large businesses alike flooded into… Source link
Read More »Why GameStop is destined to become another Blockbuster video
Wednesday, January 27, 2021 This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe GameStop’s stock is on fire, but that has nothing to do with reality GameStop (GME). Who would have thought the most talked about stock on Wall Street in early 2021 would be a past-its-prime mall retailer? And yet here we are. The company’s stock has gained an… Source link
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