Netflix's decision to cease reporting quarterly subscriber numbers heralds a shift in focus towards financial metrics like revenue and free cash flow, indicating its evolution beyond the "streaming wars."
Tags: Wall Street
Nvidia Reports Strong Q1 2024 Revenue, Shares Valuing over $1,000 Triggering Stock Split
Nvidia reported a stronger-than-expected first quarter revenue forecast, including an announcement of a stock split after its shares reached the $1,000 mark.
GameStop’s Stocks Drop by 26% After This Week’s Mass Stock Market Move
GameStop plummeted 26% on the stock market on May 17 after a week-long attempt to sell up to 45 million shares.
Wall Street Records Historic Highs for Stock Market as US Inflation Rate Drops to 3.4%
Wall Street hits record highs as US inflation slows to 3.4%, sparking optimism among investors, although concerns linger about potential consumer spending gaps amid weaker-than-expected retail sales growth.
Enerplus Misses Q1 2024 Profit Targets While Processing Acquisition by Chord
Canadian oil and energy company Enerplus reported an 18.6% revenue loss for its Q1 2024 report compared to figures at the same period last year.
Latest News
Wall Street brokerages express doubts about Reddit's user growth which would reach 109 million users by 2026 as Reddit's shares fall below debut price.
AI bots could soon replace Wall Street analysts. Sources within major banks revealed the details. Wall Street analysts are at risk of getting replaced by AI bots.
Donald Trump gained a major ownership stake in Truth Social by combining it with another company, raising concerns about its value and risks for investors.
The Federal Reserve is facing pressure to implement more aggressive rate cuts amid a weakening jobs market.
Discussions about a potential TikTok sale prompted interest from tech giants like Microsoft, Meta, Apple, Google, and other companies.
Grayscale introduces the Grayscale Dynamic Income Fund, which will integrate assets from nine blockchains and award US dollars every three months.
Wall Street is alarmed by signs of persistent inflation, fearing a return to stagflation akin to the 1970s and 1980s, prompting caution in asset allocation strategies.
Former Wall Street executive Omeed Malik, known for his involvement in fundraising for Florida Governor Ron DeSantis, is now redirecting his efforts towards supporting former President Donald Trump's presidential campaign.
Wall Street analysts have named three promising stocks to invest in. Retail investors are struggling to navigate the fluctuating stock market as economic data comes in and the Federal Reserve's rate decision approaches.
