Netflix offers content like the Bling Empire series to attract viewers. Courtesy of Netflix Text size netflix posted better-than-expected subscriber growth in the fourth quarter, adding 7.66 million net new subscribers, well above the 4.5 million the company had forecast. The company also announced that founder and co-CEO Reed Hastings will step up to executive … Read more
US authorities have designated the cryptocurrency exchange Bitzlato Ltd. as a major money laundering problem and accused its founder of allegedly facilitating money laundering for criminals. The Treasury Department named Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for … Read more
Text size Tesla is trying to increase demand by lowering the prices of its electric vehicles. Joe Raedle/Getty Images You’re here started the new year with a bang, slashing prices for its vehicles around the world. Now Wall Street is making its own cuts, down to 2023 earnings estimates. Analysts seem to agree that lower … Read more
Text size Cohen is pushing for Alibaba to expand its $20 billion share buyback plan to around $60 billion, the WSJ reported. Qilai Shen/Bloomberg Investor Ryan Cohen, who rose to prominence through activist campaigns on meme stocks such as GameStop and Bed bath and beyond , now targets the Chinese e-commerce giant Ali Baba . … Read more
Text size Tesla is trying to increase demand by lowering the prices of its electric vehicles. Joe Raedle/Getty Images You’re here started the new year with a bang, slashing prices for its vehicles around the world. Now Wall Street is making its own cuts, down to 2023 earnings estimates. Analysts seem to agree that lower … Read more
Bitcoin, the largest cryptocurrency by market cap, broke above the $21,000 mark on Saturday. The move encouraged crypto investors who have been reeling from the collapse of several top crypto companies, including cryptocurrency exchange FTX. This is the first time since November 8, 2022 that Bitcoin BTCUSD, +0.68% crossed $20,000 and follows 11 days of … Read more
Text size Bank of America publishes its latest quarterly results on Friday. The time of dreams Rising interest rates have pushed up Bank of America in fourth quarter revenue as the bank posted a slight increase in profits. Bank of America (ticker: BAC) reported revenue of $24.5 billion in the quarter, beating estimates of $24.2 … Read more
