ADVFN US – Market Content Editor
-
Netflix Slides 10% After Weak Q2 Outlook; Co-Founder Hastings to Step Down
Netflix (NASDAQ:NFLX) shares dropped almost 10% in premarket trading on Friday after the company issued second-quarter guidance that fell short of Wall Street expectations. The streaming group projected Q2 2026 earnings per share of $0.78, below the consensus forecast of $0.84. Revenue is expected to reach $12.57 billion, also missing estimates of $12.64 billion. In…
-
Apple iPhone Shipments Jump 20% in China, Defying Broader Market Weakness
Apple’s (NASDAQ:AAPL) iPhone shipments in China rose 20% in the first quarter, marking the strongest growth among major smartphone vendors, even as the overall market contracted due to rising memory chip costs, according to data from Counterpoint Research. The U.S. technology giant climbed to second place during the quarter, supported by steady demand for its…
-
Circle Sued Over Alleged Failure to Freeze Funds After Drift Protocol Hack
Circle Internet Group (NYSE:CRCL) is facing a proposed class action lawsuit accusing the company of not freezing stolen funds following a major exploit of the Drift Protocol. The complaint, filed in a U.S. district court in Massachusetts, alleges that Circle permitted hackers to transfer roughly $230 million in USDC stablecoin after a broader $280 million…
-
QVC Group Files for Chapter 11 to Slash Debt Burden
QVC Group Inc. (NASDAQ:QVCGA) has filed for Chapter 11 bankruptcy protection as part of a prearranged restructuring plan aimed at cutting its debt from about $6.6 billion to $1.3 billion, based on figures as of December 31, 2025. The company, headquartered in West Chester, Pennsylvania, has secured a restructuring support agreement with creditors representing a…
-
Newmont Says Cadia Output Unaffected After New South Wales Earthquake
Newmont (NYSE:NEM) has issued an update on its Cadia mine following a magnitude 4.5MLa earthquake that occurred earlier this week in the Central West region of New South Wales. The company indicated that, based on initial evaluations, near-term production should not be affected. Ongoing underground inspections are aimed at determining the full extent of recovery…
-
Oil Slips on Hopes of Talks to Resolve Iran Conflict
Oil prices moved lower in early trading on Friday as optimism grew that tensions in the Middle East could ease, following the start of a 10-day ceasefire between Lebanon and Israel and comments from U.S. President Donald Trump suggesting Washington and Tehran may hold talks over the weekend. Brent crude futures dropped 61 cents, or…
-
Gold Holds Steady, Set for Slight Weekly Gain as Iran Peace Talks Remain in Focus
Gold prices were largely unchanged in Asian trading on Friday and remained on track for modest weekly gains, as investors continued to monitor potential ceasefire negotiations between the United States and Iran. Silver and platinum outperformed gold over the week, supported by their industrial demand profiles and growing expectations of supply shortfalls. Weaker U.S. inflation…
-
Trump Signals Iran Conflict May End “Soon” as Netflix Slides — Market Movers: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures were little changed on Friday as investors adopted a cautious stance ahead of potential weekend talks between Washington and Tehran. Optimism around a lasting de-escalation was supported by a ceasefire between Israel and Lebanon, while U.S. President Donald Trump indicated the conflict with Iran could be nearing its conclusion. Meanwhile, Netflix (NASDAQ:NFLX)…
-
Earnings Optimism and Chipmaker Strength Lift S&P 500 and Nasdaq to Fresh Records
U.S. stocks ground higher on Wednesday as a wave of upbeat earnings reports — headlined by blowout results from TSMC — reinforced confidence in the artificial-intelligence spending cycle and helped the major averages extend their winning runs. Progress in U.S.-Iran ceasefire negotiations continued to underpin sentiment, keeping energy prices contained and encouraging investors to add…
-
Merlin Appoints High-Profile Board After Nasdaq Debut
Merlin, Inc. (NASDAQ:MRLN) has unveiled its newly formed board of directors following its public listing, bringing together senior leaders from government, aerospace, and major technology companies as it pushes ahead in autonomous flight. The aerospace and defense technology firm confirmed the board composition after completing its business combination with Inflection Point Acquisition Corp. IV and…