Wall Street raises targets on Netflix, citing price increases
(Reuters) – Netflix Inc shares hit an all-time high on Friday as Goldman Sachs and other brokerages raised their price targets on the world’s biggest online-streaming company, citing its ability to raise fees without scaring away customers.
First spending boost in years set to pad tech stock earnings
NEW YORK (Reuters) – The first global increase in corporate spending since 2012 will likely boost the earnings of technology companies outside of the so-called FAANG group of Facebook Inc , Amazon.com Inc , Apple Inc , Netflix Inc and Google , adding …
Wells Fargo revises expense target, signaling profit difficulties ahead
(Reuters) – Wells Fargo & Co management signaled on Friday that the bank may struggle to hit expense targets through next year, raising questions about how much a sales scandal is weighing on the bottom line.
Luxury jet buyers think resale value in tough market
LAS VEGAS (Reuters) – Members of the elite private jet set are customizing their planes with full-sized showers, beds and windows – but when it comes to decorating, an increasing number are steering clear of gold panels and gaudy features, opting inste…
Technology stocks boost Wall Street to record highs
(Reuters) – A jump in Apple and other technology stocks sent the three major Wall Street indexes to record highs on Friday, but a drop in health insurers and hospital operators kept the rally in check.
Barclays, U.S. FERC near settlement of power market manipulation lawsuit
(Reuters) – British bank Barclays Plc and the U.S. Federal Energy Regulatory Commission (FERC) made “substantial progress” toward a settlement of FERC’s proposed $435 million fine against the bank for alleged power market manipulation, according to co…
Bank of America profit rises on higher rates, lower costs
(Reuters) – Bank of America Corp reported a 15 percent rise in third-quarter profit on Friday as the lender kept a tight leash on costs and benefited from higher interest rates.
Techs boost S&P and Nasdaq to records, but banks limit gains
(Reuters) – A surge in technology stocks sent the S&P 500 and the Nasdaq to record highs on Friday, but the gains were kept in check by a drop in banks as Wells Fargo missed revenue estimates for a fourth straight quarter.
Gasoline buoys U.S. consumer prices, underlying inflation tame
WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast area, but underlying inflatio…
Goldman exploring options for stake in Weinstein Co
(Reuters) – Goldman Sachs Group Inc said on Friday it was exploring options for the stake it holds in the Weinstein Co following allegations of sexual harassment against co-Chairman Harvey Weinstein.
