If you look at Netflix's (NASDAQ: NFLX) recent stock performance, you'd think the movie streamer's business is booming. Without question, Hastings made Netflix into an industry powerhouse, but this next phase comes at a turbulent time for media companies. Investors need to figure out if this changing of the guard will allow Netflix to return to a growth story -- or are the 30,000% gains since its IPO the best investors can hope for?
South Korea's central bank chief on Friday said odds for any further policy action to stabilize the slumping Korean won now depend on how events in the Middle East unfold as the bank is ready to take steps to stabilize forex markets if needed. In an interview with Reuters, Bank of Korea Governor Rhee Chang-yong said tensions in the Middle East appeared to plateau after Iran downplayed Israel's retaliatory drone strikes against it but geopolitical uncertainty still poses risks for the dollar-won market, as well as the country's inflation.
IRVING, Texas, April 19, 2024--Renewable Fuels Project in Canada Begins Production
SAN JOSE, Calif., April 19, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced that its Astra SL-Series of embedded AI-native Internet of Things (IoT) processors won the prestigious Best in Show Award from Embedded Computing Design in the category of Microcontrollers, Microprocessors & IP. Announced last week at Embedded World, the SL-Series allows designers to bring AI directly to their products independent of the data center, ensuring data privacy and rapid respons
MIAMI, April 19, 2024--El Car Wash, known for its rapid expansion and status as Florida’s premier Car Wash operator, hopes to accelerate its message toward a more inclusive future.
‘We believe that If this alibi had any weight it would have been submitted months ago,’ family of Kaylee Goncalves said
Pop star shares message with fans from Instagram as fans celebrate new album release, with many noticing several lyrical references to The 1975’s Matty Healy along with her ex-boyfriend Joe Alwyn
Mortgage rates have climbed to a four-month high, surpassing the 7% threshold. As the Federal Reserve maintains a higher-for-longer interest rate stance with inflation data suggesting no imminent easing, Yahoo Finance Fed Reporter Jennifer Schonberger dissects the ramifications for the housing market. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
Democrats stepped up for the Republican speaker’s foreign aid bills
The zoo has been given the all-clear after a bomb threat was called into the park, yet police swept the entire park and found ‘nothing’
Reference is made to the announcement dated 31 January 2024, regarding Styrkás hf., a company 69.64% owned by SKEL fjárfestingafélag hf., signing a purchase agreement to acquire 100% of the shares in six subsidiaries of Máttarstólpi ehf. The purchase agreement was subject to the approval of the Competition Authority. The transaction was finalized today with payment of purchase price and delivering of shares in the following companies: - Stólpi Gámar ehf., id. 460121-1590, Klettagörðum 5, 104 Rey
BEDMINSTER, N.J., April 19, 2024 (GLOBE NEWSWIRE) -- Retrieve Medical Holdings, Inc. (OTC Pink: RMHI) is pleased to announce that its wholly owned subsidiary, Retrieve Medical, Inc., has successfully launched its innovative software solution, Retrieve Dx™, at two community hospitals within the Louisianan Community Health System. This cutting-edge implementation took place in facilities housing over 150 inpatient beds and facilitating more than 44,000 Emergency Department visits annually. The Ret
Lib Dems say the letter from Steve Tuckwell MP is ‘a clear admission that the Conservatives have given up on winning in London’
Ronnie O’Sullivan is out to win a record eighth title at The Crucible this year
The prime minister said it was a “moral mission” to reform the welfare system
STORY: Shares of Netflix slid more than 8% Friday morning after the streaming service surprised investors by saying it would no longer disclose key subscriber and revenue numbers. The announcement came late Thursday when the company reported earnings. Netflix missed second-quarter revenue forecasts, and further spooked Wall Street with its decision to withhold quarterly subscriber additions and average revenue per subscriber beginning in the first quarter of 2025. The streaming pioneer’s move to hold back those crucial metrics – which have traditionally helped boost its stock price – feeds into analysts’ expectations that subscriber growth is waning amid fierce competition. Netflix did handily beat subscriber expectations for the first quarter, as its cheaper, ad-supported plans helped attract 9.3 million new customers, nearly double the forecast of analysts polled by LSEG. But executives have urged investors to focus on overall revenue and operating margins when assessing the company's progress, rather than customer additions. Friday’s stock slide also weighed on shares of rivals Roku and Walt Disney. If the losses hold, Netflix could see more than $22 million wiped off its market capitalization.
Polen Capital, an investment management company, released its “Polen Global Growth Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund increased 8.10% gross and 7.81% net, respectively, trailing the MSCI ACW Index’s 8.20% return. The market dynamics that were in place at the end […]
Had he been writing today, Franklin might have added ever-rising CEO pay to his list of inevitabilities. The increase in CEO pay is well ahead of the 3.4% inflation rate in 2023 and the 4.3% gain for the average worker. Equilar’s list includes the largest CEO pay packages at companies with revenue of at least $1 billion that filed their proxies to the Securities and Exchange Commission by March 31.
Introducing General Admission The Boston Beer Company debuts a first-of-its-kind non-alcoholic fruit brew, General Admission. An Exceptionally Refreshing Non-Alc Brew General Admission is available in four exceptionally refreshing flavors - Lemon-Lime, Orange Ovation, Grapefruit Groove and Raspberry Remix. BOSTON, April 19, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, makers of Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard and Dogfish Head, debuts a new first-of-its-kind non-
Luxembourg – 19 April 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that, on 19 April 2024, Barclays Capital Securities Limited1 informed the Company that it had breached thresholds provided for by Luxembourg’s Transparency Law of 11 January 2008 on transparency requirements for issuers of securities as amended (the “Transparency Law”) as follows: 15 April 2024 On 15 April 2024 the total number of voting rights in the Company according to Article 8 and 9 of the Transparency
Thirty-year mortgage rates have hit above 7% with some experts believing it could hit 8% pretty soon. With US housing pricing and demand remaining high while supply remains low, it seems hopeless for many potential homebuyers. Mortgage Bankers Association Chief Economist Mike Fratantoni joins Wealth! to give insight into the housing market and why home buyers should have a little hope on the horizon as he believes mortgage rates will gradually decline. Fratantoni explains that he feels confident the Federal Reserve will cut interest rates this year, which will trickle down into the rest of the economy: "Mortgage rates, which I'll call it 7.25 [percent], in the most recent data, we think will be down to about 6.5 [percent] by the end of the year. It really is going to be reflecting a gradual slowdown in the strength of the economy and we expect the unemployment rate is going to rise not very much. We know they are calling for a recession but we do think there is going to be enough of a slowdown that the Fed should feel comfortable cutting rates by September of this year." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
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