Netflix sinks on subscriber losses, analysts still see growth
Wall Street brokerages stuck to a positive outlook on Netflix Inc on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock second-quarter losses in U.S. subscribers that sank its stock price.
Global stocks fall on trade, earnings caution; oil drops
A gauge of global shares declined for a third straight session on Thursday on worries over how the trade war between the United States and China could dent corporate earnings, while oil prices dropped on expectations of rising output.
Southwest schedules without Boeing 737 MAX until Nov. 2, freezes pilot hiring
Southwest Airlines Co joined U.S. rivals on Thursday in cancelling more flights until early November due to the continued grounding of Boeing Co’s 737 MAX, which has also prompted the low-cost carrier to freeze new pilot hiring.
Morgan Stanley reports drop in profit, but wealth management gains
Morgan Stanley reported a drop in quarterly profit Thursday, hit by lower market activity amid global trade tensions and expectations for U.S. interest rate cuts.
Wall St. slightly lower after mixed results; Netflix tumbles
Wall Street’s main indexes edged lower on Thursday as investors digested a slew of mixed earnings, while Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies.
Union Pacific quarterly profit beats estimates on price gains
Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised prices to overcome the effects of severe flooding in the Midwest and ongoing U.S.-China trade tensions.
UnitedHealth boosts earnings forecast, set to pass price discounts to patients
UnitedHealth Group Inc will stick with its decision to pass on drug maker discounts to patients to help them beat rising medicine prices despite the U.S. government having withdrawn a similar proposed policy in its health programs, its top executive s…
Oil falls as U.S. Gulf oil platforms return to service
Oil fell more than 1.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region.
Justice Department may sue to block Sprint, T-Mobile merger: CNBC
The U.S. Justice Department would sue to block the merger of T-Mobile US Inc and Sprint Corp if the parties do not settle next week, CNBC reported on Thursday, citing sources.
Evercore set to lose out as Aramco reshuffles IPO roles: sources
Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco’s potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said.
