business news
Trump announces rally with Nebraska gubernatorial candidate accused of groping GOP state senator, other women
Former President Donald Trump on Tuesday announced a rally in Nebraska featuring Republican gubernatorial candidate Charles Herbster, whose campaign was shaken less than a week earlier after multiple women accused him of groping or inappropriate touching. Herbster has denied the allegations. Aside from Trump, Herbster is the only person so far slated to speak at […]
Read More
Value investor Bill Nygren says he still believes in Netflix
The Oakmark Funds portfolio manager said Netflix still looks like a good bet despite a big subscriber miss in the first quarter. Source
Read More
Stocks making the biggest moves after hours: Netflix, IBM, Disney and more
Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Netflix — Shares of the streaming giant plummeted 25% after reporting a loss of 200,000 subscribers in the first quarter. It marked the first time Netflix reported a loss in subscribers in […]
Read More
Netflix estimates 100 million households are sharing passwords and suggests a global crackdown is coming
Reed Hastings, CEO of Netflix, attends a press conference in Mexico City, Mexico. Hector Vivas | Getty Images Today could be a dark day for your ex-boyfriend’s brother. Netflix, the world’s largest streaming video company, warned a global crackdown on password sharing is coming. It seems like a serious warning this time, and it could […]
Read More
U.S. plans to announce another colossal military aid package for Ukraine
U.S. Marines with Alpha Battery, 1st Battalion, 12th Marines fire the M777-A2 Howitzer down range during Integrated Training Exercise 2-15 at Blacktop Training Area aboard Camp Wilson, Marine Corps Air Ground Combat Center Twentynine Palms, Calif., Jan. 31st, 2015. Lance Cpl. Aaron S. Patterson | US Marine Corps WASHINGTON —The Biden administration is expected to […]
Read More
IBM first-quarter results beat estimates
IBM CEO Arvind Krishna Source: CNBC IBM shares rose 3% in extended trading on Tuesday after the technology services company issued first-quarter results that beat expectations. Here’s how the company did: Earnings: $1.40 per share, adjusted, vs. $1.38 per share as expected by analysts, according to Refinitiv. Revenue: $14.2 billion, vs. $13.85 billion as expected […]
Read More
Netflix reports earnings after the bell — here’s what to expect
Netflix is expanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Netflix is set to release its first-quarter earnings after the bell on Tuesday. The company’s shares have taken a big hit so far in 2022, falling more than 40% as it’s struggled to sustain subscriber growth while pandemic restrictions wane. […]
Read More
A brutal bond market sell-off wreaks havoc on one of fixed income’s most popular ETFs
Things are getting pretty bad for 30-year Treasury bonds, the prices for which are plumbing depths not seen since the early days of the Covid crisis. Source
Read More
Distressed sales and 9-figure discounts: Hard-to-sell mega-mansions find a last resort at real estate auction
An aerial view of the grounds of Villa Firenze in Beverly Hills, California. Concierge Auctions When high-priced mega mansions for sale languish on the market — sprawling, flashy and unable to attract a buyer — some owners turn to a double-edged option: a real estate auction. The auction block can move trophy properties with nosebleed-worthy […]
Read More
Use this ‘golden toggle’ to determine when to buy in this choppy market, Leuthold says
One feature of a commonly referenced measure of investor sentiment historically triggers some of the market’s best buying opportunities. Source
Read More