Category Archives: CNN – Business

Netflix misses on subscribers, but stock is up

Netflix misses on subscribers, but stock is up

Netflix fell short of its own expectations on Wednesday when it reported in its third quarter earnings that it added 6.8 million new subscribers. That is just a tick under the 7 million that the company was projecting. Netflix now has 158.3 million subscribers globally. The company’s stock went up as much as 10% in…MORE

Invest like Warren Buffett — Is this value’s time to finally shine?

Invest like Warren Buffett — Is this value’s time to finally shine?

Is the market’s love affair with Big Tech finally coming to an end? That might be a stretch. But there’s a growing chorus on Wall Street for investors to look beyond the FANG momentum plays and more toward value stocks. In other words, investors are pulling a Warren Buffett. Companies in sectors like banking, energy…MORE

Deal reached to end GM strike

Deal reached to end GM strike

Negotiators from General Motors and the United Auto Workers union have reached a tentative deal to end a 31-day strike by nearly 50,000 workers. Details of the agreement were not immediately available. The deal was confirmed by Terry Dittes, the UAW’s chief negotiator with GM. The tentative agreement needs the approval of both union leadership…MORE

Two of Las Vegas’ most famous hotels are under new ownership

Two of Las Vegas’ most famous hotels are under new ownership

MGM Resorts is offloading two well-known Las Vegas casinos in separate deals that total nearly $5 billion. The gaming company said Tuesday it’s selling Circus Circus to a rival resort owner for $825 million. MGM is also forming a joint venture with private equity firm Blackstone to acquire the Bellagio’s real estate and lease it…MORE

It’s a tough time to be a bank, but Bank of America is finding ways to grow

It’s a tough time to be a bank, but Bank of America is finding ways to grow

Bank of America’s business withstood the slowing economy and tricky interest rate environment better than feared. The nation’s second-largest bank said Wednesday it managed to narrowly grow lending profits despite the recent plunge in interest rates. Bank of America’s results, coupled with JPMorgan Chase’s big earnings beat, could help ease recession fears in the United…MORE

This is a ‘make or break quarter’ for Netflix

This is a ‘make or break quarter’ for Netflix

Happy Wednesday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Netflix reports third quarter earnings after US markets close. The stakes couldn’t be higher. Shares of the company have nosedived more than 20% since Netflix released disappointing second quarter results…MORE

China’s answer to the Nasdaq might be starting to fizzle

China’s answer to the Nasdaq might be starting to fizzle

China’s latest attempt to create a Nasdaq-style stock market appears to be running into trouble just three months in. The Shanghai Stock Exchange launched its Star Market toward the end of July, with wild gains in prices and a few eye-catching IPOs since. But it has been forced to cancel the launch of a new…MORE

How Netflix led the way on abortion rights in Hollywood

How Netflix led the way on abortion rights in Hollywood

We’re all familiar with Hollywood and Bollywood — but what about Y’allywood? While Atlanta’s moniker might not be as well known, it’s not for lack of trying. Georgia has become one of the top locations for film and TV productions over the past decade. Bolstered by hefty tax credits and a diverse topography that can…MORE

Dumplings without pork? Swine fever is hitting Chinese consumers

Dumplings without pork? Swine fever is hitting Chinese consumers

African swine fever has ravaged China’s pig population, and the country’s consumers are feeling the pain. Some are even switching to other meats as the dietary staple becomes unaffordable. Pork in China now costs nearly 70% more than it did a year ago, according to data released Tuesday by China’s National Bureau of Statistics. The…MORE

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