Netflix recently hit a record high in August, with shares reaching an intraday peak of $711.33. Despite some pullback, the stock closed at $701.35, representing a 44% increase year to date. Analysts are optimistic about the stock’s future, with many believing there is even more upside potential. Jason Helfstein from Oppenheimer has an outperform rating
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The latest report on inflation shows a slight uptick in July, as indicated by the personal consumption expenditures price index, a measure preferred by the Federal Reserve. The index rose 0.2% on a monthly basis and was up 2.5% from the previous year. Looking at core inflation, which excludes food and energy prices, there was
Salesforce recently reported a significant rise in its shares following the release of robust fiscal second-quarter results that exceeded analyst expectations. The company’s earnings per share were $2.56, adjusted up from the expected $2.36. Revenue also surpassed expectations, reaching $9.33 billion compared to the estimated $9.23 billion. This growth was attributed to an 8% year-over-year
Despite a fourth consecutive week of falling mortgage rates, both existing homeowners and potential homebuyers showed minimal interest in taking advantage of the situation. The Mortgage Bankers Association reported a mere 0.5% increase in total mortgage application volume compared to the previous week, indicating a lackluster response to the declining rates. The average contract interest
Former President Donald Trump’s economic proposals have been analyzed in a new study from the nonpartisan Penn Wharton Budget Model. The study reveals that Trump’s plan would significantly increase federal deficits by $5.8 trillion over the next decade. The report highlights that extending the 2017 tax cuts permanently would contribute over $4 trillion to deficits
The e-commerce industry has been continuously evolving, with various companies and platforms striving to adapt to the changing landscape. One of the recent developments in this sector is the planned merger of Amazon aggregators Branded and Heyday. This merger, aimed at forming a new entity called Essor, signifies a significant shift in the market dynamics.
The recent announcement by the Harris campaign revealed a staggering $40 million in donations following Vice President Kamala Harris’ speech at the Democratic National Convention. This significant windfall brings the total amount raised for Harris’ election efforts to a remarkable $540 million since President Joe Biden exited the race in July and endorsed her. These
Boeing’s Starliner capsule, which delivered NASA astronauts to the International Space Station in early June, will be returning to Earth empty. This decision marks a significant change in plans for both NASA and Boeing, as the capsule was originally intended to be the primary choice for returning the crew. Unfortunately, Starliner’s crew flight test faced
Chinese electric vehicle makers have found a new market in Mexico, where customers are drawn to the affordable price tags of these high-tech cars. Last year, China became the leading car supplier to Mexico, exporting billions of dollars worth of vehicles. Tesla rival BYD, for example, sells its cars in Mexico for a fraction of
Philadelphia Federal Reserve President Patrick Harker recently expressed his support for an interest rate cut that is likely to happen in September. This announcement came during the Fed’s annual retreat in Jackson Hole, Wyoming, where Harker emphasized the need for a methodical easing of monetary policy to address concerns related to inflation and the labor