Soaring Netflix Stock Takes Spotlight After Earnings
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19Oct
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19Oct
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19Oct
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19Oct
Big banks cut thousands of jobs, more layoffs coming
Pedestrians walk along Wall Street near the New York Stock Exchange in New York.Michael Nagle | Bloomberg | Getty ImagesThe largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come.Even as the economy has surprised forecasters with...
19Oct
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19Oct
Another new custodian enters the RIA market
The marketplace for custodians looking to work with registered investment advisors in the wake of Charles Schwab Corp.’s acquisition of TD Ameritrade Holding Corp. is getting more crowded. Another entrant, a firm with decades of experience as a custodian of self-directed IRA assets, is shifting its focus to smaller...
19Oct
Netflix stock surges after earnings report, jump in subscribers
A picture of a woman starting Netflix on a TV inside her apartment.Artur Widak | NurPhoto | Getty ImagesNetflix shares surged 16% on Thursday following a promising quarterly earnings report. The streaming giant reported a number of victories including a 70% jump in its new ad-supported subscription tier.As for...
19Oct
SynFutures raises $22 million Series B, bucking ‘crypto winter’
Amid a global slowdown in venture investments for crypto projects, some companies continue to buck the trend. SynFutures, a decentralized crypto derivatives exchange, has completed a $22 million Series B funding round. Pantera Capital led the round, with participation from Susquehanna International Group (SIG) and HashKey Capital. SynFutures is rolling...
19Oct
Banks’ green fees overtake fossil-fuel fees for second year
For a second straight year, banks are making more money providing loans and underwriting bond sales for green-related projects than they’re earning from fossil fuel companies. Together, banks have generated about $2.5 billion of revenue from climate-focused financing so far this year, compared with $2.2 billion from their work with...
19Oct
Tesla, Netflix, Peloton and more
Check out the companies making headlines before the bell. Tesla — Shares of the electric vehicle manufacturer dropped more than 7% after it reported third-quarter earnings results that failed to impress investors. Earnings came in at $0.66 per share on $23.35 billion in revenue, lower than the $0.74 per...