The best way to get investors to stop focusing on something is to stop telling them at all.Netflix said Thursday it will no longer report quarterly membership numbers and average revenue per membership starting in the first quarter of 2025.This is a significant change for the company and for...
A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesThe Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids, it announced on Thursday. CEO Erik...
Check out the companies making headlines after the bell : Netflix — The streamer saw shares drop about 3% even after the company reported quarterly earnings that beat on the top and bottom line. Netflix said subscribers jumped 16% from the previous year, but added it would no longer report...
Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024.Jevone Moore | Icon Sportswire | Getty ImagesThe National Basketball Association's exclusive media rights negotiating window with current partners...
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022.David Paul Morris | Bloomberg | Getty ImagesThe average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level...
Check out the companies making headlines in midday trading. Duolingo — The online language app company popped 7.5% after JPMorgan reiterated its overweight rating on the stock, saying it has an attractive risk/reward and potential upside for its first-quarter guide and 2024 outlook. Taiwan Semiconductor Manufacturing — U.S.-traded shares...
Rafael Enrique | Lightrocket | Getty ImagesLOS ANGELES — Netflix is due to report first-quarter earnings after the closing bell Thursday.The company's performance has been an anomaly in the streaming realm. While competitors struggle to turn profits, Netflix saw a 12% bump in revenue last year as its paid...
Google CEO Sundar Pichai and Apple CEO Tim Cook listen as India's prime minister, Narendra Modi, speaks during a meeting with senior officials and CEOs of American and Indian companies, in the White House in Washington, D.C., on June 23, 2023.Brendan Smialowski | AFP | Getty ImagesThe ironclad relationship...