Netflix stock down 20% after earnings show growth slowdown

Netflix stock down 20% after earnings show growth slowdown

Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. David Swanson | Reuters Netflix shares are down 20% in premarket trading Friday after the company quietly admitted in its fourth-quarter earnings that streaming competition is eating into its growth. If it remains down more […]

Peloton shares up after CEO says it must ‘right-size’ production levels, consider layoffs

Peloton shares up after CEO says it must ‘right-size’ production levels, consider layoffs

A Peloton Bike Shannon Stapleton | Reuters Peloton shares are up more than 5% in trading Friday after the company said it’s resetting its production levels and considering layoffs in order to make its business more “flexible.” Chief Executive John Foley sent a memo to workers late Thursday that was also posted publicly, after CNBC […]

Stocks making the biggest moves premarket: Schlumberger, Netflix, CSX and others

Stocks making the biggest moves premarket: Schlumberger, Netflix, CSX and others

Names on the move ahead of the open. Original news source Credit: www.cnbc.com

Credit Suisse upgrades Cloudflare to outperform, sees stock as attractive after selloff

Credit Suisse upgrades Cloudflare to outperform, sees stock as attractive after selloff

Cloudflare's stock has fallen nearly 29% since the end of December, but a Credit Suisse analyst said it is set to rebound. Original news source Credit: www.cnbc.com

Netflix hit with wave of downgrades, price cuts as Wall Street reacts to weak subscriber outlook

Netflix hit with wave of downgrades, price cuts as Wall Street reacts to weak subscriber outlook

Netflix's guidance for subscriber growth in the first quarter caused many on Wall Street to change their view on the company. Original news source Credit: www.cnbc.com

After Microsoft's record deal, analysts say these video game stocks could be the next targets

After Microsoft's record deal, analysts say these video game stocks could be the next targets

Who will be the next M&A target in gaming? It's a multibillion-dollar question — here's what analysts are saying. Original news source Credit: www.cnbc.com

Intel plans $20 billion chip manufacturing site in Ohio

Intel plans $20 billion chip manufacturing site in Ohio

Intel’s logo is pictured during preparations at the CeBit computer fair. Fabian Bimmer | Reuters Intel will invest $20 billion in two new plants in Ohio to make advanced chips, the company said on Friday, the first step to a “mega-site” that can accommodate eight chip factories costing $100 billion. The planned investment includes 3,000 […]

The dust has settled on COP26. Now the hard work begins

The dust has settled on COP26. Now the hard work begins

The COP26 climate summit, held in the Scottish city of Glasgow last year, made headlines around the world. After days of painstaking and at times fraught negotiations, countries agreed upon a deal which sought to build on 2015′s Paris Agreement and curb the worst effects of climate change. Things weren’t all plain sailing, however. The […]

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