Netflix Disappoints Wall Street with Q2 Revenue Miss, Shares Tumble
Netflix’s second-quarter revenue falls short of analyst estimates, leading to a nearly 9% drop in after-hours trading.
Day: July 20, 2023
TSMC Forecasts 10% Drop in 2023 Sales Amid Global Chip Demand Slowdown
TSMC, the leading chipmaker, predicts a 10% sales drop in 2023 as the global chip demand slows down.
Zara Owner Inditex Agrees to Transfer Stores in Argentina and Uruguay to Regency Group
Inditex, the parent company of Zara, has reached an initial agreement to transfer the operation of its 15 stores in Argentina and Uruguay to Panama-based Regency Group.
World Share Markets Pause Ahead of Central Bank Meetings; Netflix and Tesla Earnings Disappoint
World share markets show a cautious stance as investors await upcoming central bank meetings. Disappointing earnings from Netflix and Tesla also weigh on Wall Street futures.
Microsoft Faces EU Antitrust Complaint by German Rival over Teams Bundling
German rival alfaview has filed an EU antitrust complaint against Microsoft for bundling its video app Teams into the Office product, giving it a competitive advantage.
Elliott Investment Management Builds Significant Stake in Catalent, Shares Surge
Activist shareholder Elliott Investment Management has acquired a substantial stake in drugmaker Catalent, leading to an 8.8% pre-market surge in the company’s shares.
“Elon Musk’s Tweet Sparks Surge in Dogecoin’s Value, Raises Legal Concerns”
Tesla’s CEO, Elon Musk, once again caused a significant surge in the valuation of Dogecoin, a cryptocurrency based on the Doge meme, with a single tweet featuring a meme of Scooby-Doo.
Tesla CEO Elon Musk’s Bitcoin Holdings Update and Dogecoin Preference
Tesla’s CEO Elon Musk surprised in early 2021 with a $1.5 billion investment in Bitcoin. However, the latest earnings report shows that Tesla did not transact in Bitcoin during the second quarter of 2022.
Twilio Shares Rise on Positive Analyst Coverage from Morgan Stanley
Twilio Inc. (TWLO) experienced higher trading volume as Morgan Stanley raised its price target to $75 with an Overweight rating. Meanwhile, Piper Sandler downgraded the stock to Neutral but increased the price target to $71.
Chris Christie Rejects VP Role Under Trump for 2024 Election, Defends Pence and Criticizes Trump’s Behavior
Former New Jersey Gov. Chris Christie firmly declines the possibility of being Donald Trump’s running mate in 2024, defending Mike Pence and criticizing Trump’s behavior after the Capitol attack.
