Netflix (NFLX) has been on a wild ride after reporting slowing subscriber growth in the fourth quarter, amid an already crowded streaming landscape. The stock plunged more than 20% following the results, which showed a relatively weak 8.3 million subscribers in Q4. The platform also forecasted a net add of only 2.5 million subscribers in the current quarter, compared to 3.98 million during the first quarter last year. The streaming giant’s currently trading between a range of $350-$375 per… Source link
Read More »Here’s How Warren Buffett Convinced Google’s Reluctant Founders to Go Public
Imagine a world in which Google is a smaller private company, not the global behemoth Alphabet is today. Surprisingly, it almost happened. Google co-founders Sergey Brin and Larry Page were hesitant to go public because they feared that sharing control of the company with shareholders would force them to do things they didn’t want to do. A chance meeting with Warren Buffett changed their minds. Buffett explained the two-tier stock structure that he used to retain control over Berkshire… Source link
Read More »As inflation hits 7%, here’s a list of industries the Biden administration is targeting
Inflation has become one of the top economic issues in the U.S., and the Biden administration is acting accordingly with various policy actions. U.S. consumer prices rose 0.5% in December and 7.0% on a year-over-year basis, according to the Bureau of Labor Statistics. It’s the fastest rate since 1982. Two of the biggest drivers of price spikes over 2021 have been in food and energy which is likely the reason the White House has focused on both of those sectors both for inflation as well as… Source link
Read More »Here’s the next terrifying hurdle for the stock market: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, January 10, 2022 We have learned a few important things early on in 2022. First, this may truly be the year of the NFT (non-fungible tokens) after rising out of nowhere in 2021. The market ferociously boosted the valuation of dying retailer GameStop late last week on speculation it would make a full-throated attempt at an NFT… Source link
Read More »Want to work in Google offices? Here’s how to make it happen
Raise your hand if you’ve wondered what it’s like to work at Google. Here, we’ve tapped three impressive Googlers to learn their tips for getting some of that secret sauce à la Mountain View. Nathan Allen Nathan Allen, 39, started in Google’s New York City office in October 2015 and is now the head of design for stores, sustainability and special projects. To get where he is, he urges college grads to consider meaningful internships, be flexible and… Source link
Read More »Here’s the biggest risk with what the Federal Reserve is about to do: Mohamed El-Erian
If the Federal Reserve is too heavy-handed with its interest rate hikes this year as a means to stomp out high rates of inflation, there is one critical risk that most investors probably aren’t factoring in. Recession. “That is the risk [of a recession in 2023],” said Mohamed El-Erian, Queens’ College, Cambridge University president and Allianz advisor, on Yahoo Finance Live. “We haven’t had a situation in the past in which the Fed has been really late [with rate hikes] and the Fed hasn’t… Source link
Read More »Is Startpage or DuckDuckGo better? Here’s what to consider
QUESTION: Which private search engine is better, Startpage or DuckDuckGo? ANSWER: Search engines are an essential navigation tool for the endless number of websites on the Internet, which is the main reason Google has become one of the titans of tech. Google’s search engine is considered the most powerful but the trade-off is that you give up privacy through their expansive tracking technologies. If you want to avoid the tracking but still get excellent search results, a private search engine… Source link
Read More »Google enters the streaming market: Here’s how to watch over 300 free channels
Streaming providers have revolutionised the way we watch television and now Google are looking to get in on the action with the launch of Google TV. Consumers are already concerned by the number of different subscriptions they feel they have to take out – Amazon Prime, Netflix, Disney+ and so on – but Google are trying to present their new offering as a solution, due to the amount of free content they will be offering. What is Google TV and what is their partnership with Pluto TV? Google TV… Source link
Read More »Rite Aid is closing more stores during COVID — here’s how many stores have been closed
Many people in the country are out now again looking for COVID-19 tests and vaccines with the Omicron variant raging, but that isn’t stopping publicly traded Rite Aid (RAD) from closing underperforming locations in a bid to further improve its profits. The pharmacy chain revealed Tuesday it will shutter up to 63 stores in coming months. Closures began in November, Rite Aid said. The closures are expected to pad earnings before interest, taxes, depreciation and amortization by $25… Source link
Read More »Nike earnings preview: Here’s what to expect
Nike (NKE) will report fiscal second-quarter results on Monday, with analysts looking for signs about whether the athletic giant can regain momentum it lost amid ongoing supply chain strains. Analysts polled by Bloomberg predict Nike will report adjusted earnings per share (EPS) of $0.62 on revenue of $11.26 billion. Like many athletic wear brands, Nike was hit hard by COVID-19 related factory closures in Vietnam throughout the summer, as well as supply chain delays that have snared the… Source link
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