Netflix (NFLX) stock rose nearly 4% on Tuesday after Goldman Sachs boosted its estimates for the streaming giant amid a weakening U.S. dollar, extending a recent winning streak for shares of the streaming giant. “In just the last quarter, the FX landscape has changed dramatically with the [U.S. dollar] performance having a stark reversal in the last three months,” Goldman Sachs analyst Eric Sheridan wrote in a new note to clients. Sheridan notes the dollar index is down about 7% since… Source link
Read More »Wall Street jumps after BofA results, UK reversal
By Chuck Mikolajczak (Reuters) – U.S. stocks rallied on Monday after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, which boosted optimism about the corporate earnings season. Britain named Jeremy Hunt finance minister, and he immediately dispelled many of Prime Minister Liz Truss’ fiscal measures, which had unnerved markets in recent weeks. “The UK completely backing off this plan and presumably, they kind of… Source link
Read More »Netflix’s $200M ‘The Gray Man’ jumps in debut weekend, more than 88M hours viewed
It looks like Netflix’s (NFLX) $200 million bet on “The Gray Man” might have paid off. The action-packed film starring Ryan Gosling, Chris Evans, and Ana De Armas made its debut on the platform on Friday and quickly climbed its way to the top of the streamer’s competitive top 10 list, despite lackluster reviews. According to the company’s latest global viewing report, subscribers watched more than 88 million hours of the movie within its first three days on the platform (July 22 – July 24). For… Source link
Read More »Treasuries Sell Off, Asia Stocks Drop; Oil Jumps: Markets Wrap
(Bloomberg) — Stocks in Asia fell Tuesday and Treasuries sold off across the curve as investors remain cautious about whether central banks can raise interest rates to rein in inflation without derailing growth. Oil gained after the European Union backed a push to ban some Russian oil. Most Read from Bloomberg Equities in Japan, Korea and Australia inched down while Hong Kong futures fell. US contracts opened higher in the first day of trading after the Memorial Day weekend. Yields on… Source link
Read More »Rivian jumps on outlook, says R2 mid-size SUV coming in 2025
Rivian (RIVN) shares are popping today, a small respite for the electric adventure vehicle maker’s investors, following the release of its first quarter financial results. Although the company reported a revenue miss for the quarter ($95 million vs $131.2 million expected), it did post a narrower EPS loss than the Street was expecting on an adjusted basis ($1.43 loss vs 1.45 loss expected). While Rivian reaffirmed its production forecast of 25,000 vehicles for the year, reported over 90,000… Source link
Read More »Inflation rises by the most since 1981 as CPI jumps 8.5% in March
U.S. consumer price increases quickened in March, underscoring ongoing inflationary pressures as supply chain disruptions and shortages lingered across the economy. The Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) rose 8.5% in March compared to the same month last year, according to the latest report released Tuesday. That marked the fastest rise since December 1981. This followed a 7.9% annual increase in February. Heading into the report, consensus economists were looking… Source link
Read More »Amazon Jumps on Plan to Split Stock, Buy Back Up to $10 Billion
(Bloomberg) — Amazon.com Inc. is planning to split its stock for the first time in more than two decades in a move that will end an era of four-digit stock prices for the biggest U.S. technology companies. Most Read from Bloomberg Amazon intends to boost its outstanding shares by a 20-to-1 ratio, under a plan disclosed late Wednesday, joining other technology giants like Alphabet Inc. and Apple Inc. who have turned to splits to make their stocks more attractive to retail investors. That news… Source link
Read More »Russia’s Yandex stock jumps after Q4 earnings | Oakland News Now
Oakland News Now – Tag Cloud – Russia’s Yandex stock jumps after Q4 earnings Allyssa Victory Villanueva, ACLU, Comic-Con Special Edition 2021, SDCCSE, Leaf Group,hyperlocal news, demand media inc, Alameda County sale Surplus Lands Act, Centre Urban, Oakland Municipal Auditorium, One Lake Merritt Hotel, Laney College , Libby Schaaf Mayor, Amber Eikel, 49ers trade rumors, 415 Media, Rich Lieberman, Robert Downey, Jr., Sam Cassidy, Rally at Lake Merritt, Soulbeat Day, Kofi Bonner Bedrock, The… Source link
Read More »Russia’s Yandex stock jumps after Q4 earnings | Oakland News Now
Oakland News Now – Tag Cloud – Russia’s Yandex stock jumps after Q4 earnings Allyssa Victory Villanueva, ACLU, Comic-Con Special Edition 2021, SDCCSE, Leaf Group,hyperlocal news, demand media inc, Alameda County sale Surplus Lands Act, Centre Urban, Oakland Municipal Auditorium, One Lake Merritt Hotel, Laney College , Libby Schaaf Mayor, Amber Eikel, 49ers trade rumors, 415 Media, Rich Lieberman, Robert Downey, Jr., Sam Cassidy, Rally at Lake Merritt, Soulbeat Day, Kofi Bonner Bedrock, The… Source link
Read More »Russia’s Yandex stock jumps after Q4 earnings
Yahoo Finance published this video item, entitled “Russia’s Yandex stock jumps after Q4 earnings” – below is their description. #Russia #Yandex Yahoo Finance Live’s Julie Hyman discusses fourth quarter earnings for Yandex. Yahoo Finance YouTube Channel Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication. Source link
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