Netflix Inc said on Wednesday it plans to raise about $1 billion in debt to beef up original content, a day after the streaming pioneer doubled its own projections for new customers as stuck-at-home users binged on movies and shows.
Wall Street’s main indexes rose on Wednesday on signs of more stimulus to aid small businesses ride out the coronavirus-induced economic slump and a recovery in oil prices.
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Heidi Chung break down Snap’s latest earnings report. …read more […]
Oilfield firm Baker Hughes Co on Wednesday reported a $10 billion first-quarter loss and revenue fell more than expected as an 80% plunge in oil prices crushed demand for services and equipment.
Automakers count on the supplier for an essential part used in the bestselling Ram 1500, Toyota Tundra, Ford F-150 and other vehicles. …read more […]
Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more.
AT&T Inc pulled its financial forecast for the year on Wednesday as the impact of the coronavirus pandemic clouded its view for the foreseeable future.
NFLX stock is looking more pandemic-proof by the day. In fact, it’s one of the only companies that’s benefitting from the coronavirus on all fronts. Netflix (Nasdaq: NFLX) is set to go even further after its latest announcement.
The streaming giant sent out a letter to its shareholders on April 21st, noting its Q1 results and projections for Q2. Some of the numbers are staggering, in which it doubled its subscriber projections.
NFLX Stock Continues to Thrive During Volatile Times
According to its recent release, Netflix gained 15.77 million subscribers in the first quarter of 2020. Their projections, on the other hand, were …read more […]
Brent crude oil sank below $16 a barrel to its lowest since 1999 on Wednesday, before recovering slightly on the prospect of extra pledges to cut output in addition to a pact by major producers to limit supplies.
Plummeting electricity demand and falling power prices during the coronavirus outbreak could leave EDF in need of a capital injection by the end of 2020 to avoid a spiralling debt crisis, a source close to the French firm and analysts said.
Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss Netflix’s latest earnings report with Raymond James Analyst Justin Patterson. …read more […]
Saudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the Kingdom, shipping and trade sources say.
During economic turbulence and bear markets, many investors reallocate their portfolios to take a more defensive stance. Dividend stocks become a smart play—especially Dividend Aristocrats that have a proven history of maintaining that dividend. But what about high dividend stocks? Are these still safe investments in a market that might be trending flat or down in the near-term?
High dividend stocks can be a risky bet without a little investigation—but many times, they’re as safe as any other. Let’s take a look at how to evaluate safe high dividend stocks in a market that’s volatile, trending toward depressed.
What Is a High …read more […]
Earnings season kicked off last week, and market watchers are preparing for the worst. The upcoming release of first quarter financial results is marred by historic levels of uncertainty, with worry looming over Wall Street as investors await a more detailed look at the extent of COVID-19’s impact on profits.JPMorgan quant guru Marko Kolanovic does offer a ray of hope: “Taking into account the unprecedented monetary and fiscal measures being implemented, as well as unprecedented asset declines over the past month, we maintain that asset price recovery is likely and our pre-pandemic equity price target for 2020 is achievable sometime …read more […]
Netflix Inc said on Wednesday it plans to raise about $1 billion in debt, a day after the streaming pioneer doubled its own projections for new customers as stuck-at-home users binged on original shows.
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