Tag: Business
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Chip stock sell-off, Netflix earnings, Trump’s approval rating and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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How big is the great wealth transfer? It could be over $100 trillion or $36 trillion
Two studies have raised new questions about the size and impact of the coming great wealth transfer.
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Stocks making the biggest moves premarket: Netflix, SpaceX, Alphabet and more
These are the stocks posting the largest moves premarket.
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Telstra CEO points to undocumented software change for outage in Senate testimony
July 17 : Telstra CEO Vicki Brady told a Senate inquiry on Friday that last week’s outage at Australia’s largest telecoms firm was likely caused by an undocumented design change and a missed software update on a network time-keeping device.Last Wednesday’s outage, the latest in a series of incidents to hit Au
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Inside the Chinese fraud rings stealing billions from banks and retailers
Chinese organized crime groups are making as much as $1 billion annually in tap-to-pay fraud schemes targeting retailers and banks.
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SpaceX IPO earns millions for US Small Business Administration head Kelly Loeffler
WASHINGTON, July 17 : U.S. Small Business Administration head Kelly Loeffler multiplied the value of her investment in Elon Musk’s SpaceX after she was nominated for the job, earning millions of dollars from the company’s record initial public offering, a Reuters review of her financial disclosures showed.Loe
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Global equity funds draw inflows for the eighth week on earnings optimism
July 17 : Global equity funds attracted inflows for an eighth consecutive week through July 15, as investor risk appetite was lifted by a strong start to the earnings season and cooler U.S. inflation data that eased expectations of Federal Reserve rate hikes.Investors made net purchases of $12.46 billion in g
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“Lacks excitement”: Netflix tumbles 9% as weak earnings forecast deepens doubts over growth
July 17 : Netflix’s shares tumbled 9.2 per cent before the bell on Friday following another weaker-than-expected earnings forecast from the streaming major, deepening doubts about its ability to sustain growth momentum.While the company has gone beyond its traditional subscription-driven model, relying on adv
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