Netflix to lay off roughly 1,000 employees, or 6% of workforce
Netflix will lay off roughly 6% of its workforce, according to a memo obtained by CNBC.
This struggling denim stock is bound to bounce back, Jefferies says
Kontoor Brands is likely to see its shares rise considerably amid growing interest in denim among consumers, per Jefferies.
This struggling denim stock is bound to bounce back, Jefferies says
Kontoor Brands is likely to see its shares rise considerably amid growing interest in denim among consumers, per Jefferies.
Bending Spoons skyrockets 41% as Berkshire Hathaway makes $330 million investment
Berkshire’s latest investment follows the $600 million it invested in the company’s IPO this July.
A second major Wall Street bank this week is telling clients to cash in tech stocks. Here’s why
Multiple banks are now expecting a down leg for the tech trade, which could broaden out performance in a healthy way.
Fed may now have to hike twice or increase by a half point in December, traders bet
Odds for an Oct. 28 quarter-point hike increased to 53.7% from just 22.1% a day ago.
Trump’s diesel dilemma — by the numbers
Conflicts in Ukraine and Iran have created major ripple effects across global energy markets causing major price swings.
Iran says it’s ‘counting the moments’ until it can strike U.S. warships; Saudi Aramco facilities attacked
Meanwhile, Saudi Arabia’s Aramco reportedly came under fresh attack overnight.
BlackRock draws $205 billion in client funds as quarterly profit beats estimates
BlackRock’s assets under management — which determine a large chunk of its earnings — rose to $15.49 trillion, from $13.46 trillion a year earlier.
Scott Bessent’s growth plans aren’t enough to tame surging deficit and debt pile, IMF chief says
IMF chief Kristalina Georgieva said Bessent’s reliance on growth won’t cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal consolidation.
