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Netflix’s NFL Games Through 2026 Set To Drive Explosive Subscriber, Ad Revenue Growth, Says Analyst

Surbhi Jain | May 16, 2024

Netflix Inc. (NASDAQ:NFLX) is gearing up for a game-changing move that could significantly boost its subscriber base and ad revenue: the acquisition of rights to NFL games on Christmas Day from 2024 to 2026. This bold step, coupled with the company’s successful ad tier growth and upcoming ad tech improvements, underscores Netflix’s commitment to diversifying […]

Jim Cramer Says Nu Skin Is ‘Overvalued,’ Praises ‘Fabulous’ Pure Storage

Avi Kapoor | May 14, 2024

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes Pure Storage, Inc. (NYSE:PSTG), adding that it is a “fabulous” company. Pure Storage is expected to host a conference call on Wednesday, May 29 to discuss its financial results for the first quarter fiscal year 2025. “Anything connected with EVs right now is a […]

Wall St ends higher with earnings poised to ramp up

Reuters | July 17, 2023

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed. Companies scheduled to report earnings this week include Tesla and Netflix, while […]

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

Reuters | July 11, 2023

By Ben Blanchard, Munsif Vengattil and Aditya Kalra TAIPEI/BENGALURU (Reuters) -Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last year […]

US weekly jobless claims post biggest drop in 20 months as economy shows stamina

Reuters | June 29, 2023

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the economy’s resilience that could push the Federal Reserve to resume raising interest rates in July. The unexpected decline in applications reported by the Labor Department […]

Indian PM Modi wraps up Washington trip with appeal to tech CEOs

Reuters | June 23, 2023

By Steve Holland, Simon Lewis and Jeff Mason WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi met with U.S. and Indian technology executives in Washington on Friday, the final day of a state visit where he agreed new defense and technology cooperation and addressed challenges posed by China. U.S. President Joe Biden rolled out the red […]

Chinese President Xi meets Bill Gates, calls him ‘an old friend’

Reuters | June 16, 2023

BEIJING (Reuters) -Chinese President Xi Jinping called Bill Gates “an old friend” and said he hoped they could cooperate in a way that would benefit both China and the United States, in Xi’s first meeting with a foreign entrepreneur in years. In a meeting at Beijing’s Diaoyutai state guest house, where China’s leaders have traditionally […]

Big Tobacco faces big EU counterfeit problem

Reuters | June 1, 2023

By Richa Naidu, Emma Pinedo and Emilio Parodi MADRID (Reuters) – Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. At one, in the northern town of Alfaro, they found 10 Ukrainian workers, five of them war refugees, who’d been […]

U.S. Democrats warn Biden against toughening aid for the poor

Reuters | May 19, 2023

By Richard Cowan, Leah Douglas WASHINGTON (Reuters) -Democrats in the U.S. Congress expressed frustration with President Joe Biden’s willingness to engage with Republicans demanding tougher work requirements for food aid recipients as part of any deal to raise the nation’s debt ceiling. They have stopped short of threatening to block such moves, as talks on […]

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