Tag: NASDAQ:NFLX
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Thursday’s Wall Street Highlights: Walmart, Alibaba, Deutsche Bank, Snowflake and more
US Index Futures were mixed on Thursday, on optimism that talks to raise the country’s debt ceiling are progressing, and traders digesting gains from Walmart and Alibaba, as well as reports of weekly unemployment claims numbers, the Philadelphia Fed’s manufacturing survey numbers for May, and awaiting existing home sales data for April. By 08:45 AM,…
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Tencent’s Revenue Rises, IBM and Google Invest in Quantum, Deutsche Bank to Reduce Office Space
Tencent’s Revenue Rises Tencent (HKF:0700), the Chinese tech giant, experienced accelerated revenues in the first quarter as the country’s economy rebounded after the end of its zero-Covid policy. In the three months leading up to March, the social media and gaming group reported an 11% rise in revenue, reaching Rmb150bn ($21bn) compared to the same…
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Monday’s Wall Street Highlights: Amazon, Oneok, Vice Media, Athenex and more
US Index Futures rebounded on Monday after the Dow Jones and S&P 500 posted second straight weekly losses. Investors are adopting a more optimistic tone as talks progress among US policymakers on a solution to the debt ceiling impasse. By 7:54 AM, Dow Jones futures were up 121 points, or 0.36%. S&P 500 futures were up 0.34%,…
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Friday’s Wall Street Highlights: Exxon Mobil, Amazon, Intel, and PCE
US stock futures fell on Friday as investors reacted to the latest quarterly results, lingering inflationary pressures, and Treasury bonds advanced. Amazon’s earnings beat estimates but put the brakes on tech optimism after investors were rattled by talk of slowing cloud growth. Pinterest issued a weak outlook for the current quarter, and Snap Inc missed Q1…
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Wednesday’s Wall Street Highlights: Western Alliance, Morgan Stanley, ASML, Tesla and more
Main subjects of the day US stock futures fell on Wednesday as investors digested double-digit inflation in the UK that triggered government bond sales, and the latest batch of quarterly earnings. By 8:39 AM, Dow Jones futures were down 122 points, or -0.36%. S&P 500 and Nasdaq-100 futures fell -0.63% and -0.85%, respectively. Treasury yields soared…
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Netflix’s Mixed Revenue Results, Goldman’s Profit Fall, Tesla Cuts Model Prices Again
Netflix’s Mixed Revenue Results Netflix (NASAQ:NFLX) reported Q1 2023 revenues of $8.16bn, a 4% YoY rise, beating analysts’ estimates, but its Q2 estimate of $8.24bn was less than the $8.47bn expected by Wall Street analysts. The news initially caused a 10% drop in Netflix shares during after-hours trading, but they later recovered. The company also…
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Netflix Gains 1.75M Subscribers, Boeing Stock Jumps
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon. Fox to Pay $787 Million to Settle Dominion’s Defamation Lawsuit The settlement averts a trial on the voting-machine company’s allegations that it was defamed…
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Monday’s Wall Street Highlights: Alphabet, Charles Schwab, State Street, Merck and more
Main subjects of the day US stock futures rose slightly on Monday as investors braced for more quarterly earnings reports. At around 9:28 am, Dow Jones Industrial Average (DOWI:DJI) futures were up 29 points, or 0.9%. S&P 500 (SPI:SP500) and Nasdaq-100 (NASDAQI:COMP) futures were up 0.06% and 0.03%, respectively. Stocks have performed impressively in recent weeks, even as the…
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Global Deal-Making Slows, Ford’s Battery Investment, Wells Fargo Sanctions Fine
US Shares Rise On Thursday, US shares rose, taking Europe’s lead, as investors assessed the future path of monetary policy following weeks of turmoil for banks on both sides of the Atlantic. Wall Street’s benchmark S&P 500 (SPI:SP500) rose 0.6%, with all industries advancing except for financials. JPMorgan (NYSE:JP) and Morgan Stanley (NYSE:MS) both lost…