Netflix raises prices for U.S. subscribers
Netflix Inc is raising monthly fees for its U.S. subscribers by between 13 percent and 18 percent, the video streaming pioneer’s first price increase since 2017 as it spends heavily on original content and international expansion.
Exclusive: Jana liquidates two hedge funds, to focus only on activism
Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and pushing management to improve their performance.
U.S. charges suspected hacker, traders over SEC database hack
U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with involvement in a scheme to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission database.
Apollo Global nears deal to buy Arconic for more than $10 billion: WSJ
Apollo Global Management LLC is nearing a deal to buy U.S. aluminum products maker Arconic Inc for more than $10 billion, the Wall Street Journal reported on Tuesday.
Oil rises 2 percent on hopes for China economic stimulus
Oil prices rose about 2 percent on Tuesday, along with world stock markets, supported by China’s plan to introduce policies to stabilize a slowing economy, reversing the previous session’s losses due to grim data in the world’s second-largest economy.
Netflix boosts Wall Street higher; bank earnings disappoint
U.S. stocks rose on Tuesday, as hopes of more stimulus for China’s slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo.
UnitedHealth profit beats expectations, shares rise
UnitedHealth Group Inc , the largest U.S. health insurer, beat Wall Street estimates for fourth-quarter profit on Tuesday, driven largely by growth in its Optum services business, including its pharmacy benefits unit.
Stocks climb on hopes for China stimulus; euro slips after data
Major world stock markets climbed on Tuesday, helped by hopes of more stimulus for China’s economy, while the euro declined against the U.S. dollar following weak German economic data.
Weak U.S. producer prices support tame inflation picture
U.S. producer prices dropped by the most in more than two years in December as the cost of energy products and trade services fell, adding to signs of tame inflation that may allow the Federal Reserve to be patient about raising interest rates this yea…
As loans and revenue shrink, Wells Fargo touts cost cuts
Wells Fargo & Co on Tuesday said its loan book shrank and quarterly revenue fell in all of its major businesses, especially consumer banking, sending its shares lower.
