Video-streaming giant Netflix announced Tuesday that it is raising prices between 13 and 18 percent for new and existing customers. If you had invested in Netflix in 2007, when it first began its streaming service , that investment could have paid off big time: A $1,000 investment would be worth more than $90,000 as of Jan. 15, according to CNBC calculations. The platform faces competition from Amazon, Apple, Disney and, most recently, NBCUniversal , which either offer similar services or plan to launch streaming platforms and which could pull content, and potentially viewers, from Netflix.
European shares rose on Tuesday after China signalled more stimulus measures to soften the blow from a tariff war with the United States, although fresh worries over bad loans hit Italian banks and uncertainty dominated ahead of a key Brexit vote. The pan-European STOXX 600 rose 0.4 percent, while Germany's DAX added 0.3 percent, coming off highs after GDP figures showed the German economy grew by 1.5 percent in 2018, the weakest rate in five years. In the UK, the export-oriented FTSE 100 rose 0.6 percent and the domestically focused mid cap index was up 0.1 percent as Prime Minister Theresa May faced the prospect of a historic defeat in a vote on her Brexit deal in parliament.
Reintroducing its All You Can Eat Wings promotion boosted sales in the fourth quarter. Speaking at the ICR Conference, CEO Brian Jenkins said the company expects to further trim its menu and invest in technology this year. The positive projection comes after Dave & Buster's struggled in the third quarter, when its results were hurt by a decision to skip an All You Can Eat Wings promotion at the start of the football season.
While JPMorgan said it is optimistic at the outset of the first quarter – despite reported weakness across many of its businesses triggered by market volatility and political uncertainty in the fourth-quarter – CEO Jamie Dimon says a possible near-term recession wouldn't look anything like the financial crisis. Whereas loose underwriting standards among some banks helped precipitate the last crisis, Dimon noted the U.S. credit profile this time around is “much stronger than last time.” The CEO noted that more credit card loans are considered prime, while auto loans are about the same. Outstanding student loan debt surpassed $1.5 trillion in 2018, second only to mortgage debt.
India's soymeal sales to Iran are set to spike as the oil producer uses the rupees it receives for its crude exports to cover its animal feed demand amid U.S. sanctions that have crimped the country's ability to import necessities. Iran has agreed to sell crude oil to India, the world's third-largest oil consumer, in exchange for rupees after sanctions imposed by the United States blocked its access to the global financial system. The oil-rich country must spend those rupees on Indian goods and Iran does not produce enough of the protein-rich soymeal domestically.
McDonald's Corp (MCD.N) has lost its rights to the trademark "Big Mac" in a European Union case ruling in favor of Ireland-based fast-food chain Supermac's, a decision from the EU's Spain-based Intellectual Property Office (EUIPO) showed. The judgment, provided to Reuters by Supermac's, revoked McDonald's registration of the trademark, saying that the world's largest fast-food chain had not proven genuine use of it over the five years prior to the case being lodged in 2017. The EUIPO did not respond to phone calls and emails requesting comment.
Pacific Gas & Electric Co. said this week it will file for bankruptcy, raising concern that rates for electricity and gas will rise and victims of California wildfires who are suing the nation's largest utility won't get all the money they may be owed. PG&E says it can't afford at least $30 billion in expected costs related to California's deadly 2017 and 2018 wildfires. Filing for Chapter 11 bankruptcy will allow the company to hold off creditors and keep providing electricity and natural gas service while it gets its finances in order.
The American dream is alive and well, and Americans who aspire to build wealth and become rich may be surprised to know they don't need a flashy job or come from an affluent family to build a fortune. The truth is, eight out of 10 millionaires reach that milestone through their company's 401(k) plan, according to the National Study of Millionaires by Ramsey Solutions. “Typically they are hitting it around 25 to 28 years, so right before age 50,” said Chris Hogan of Ramsay Solutions to FOX Business' Maria Bartiromo on Tuesday.
CNBC's Jim Cramer discusses his take on Tuesday's market action.
In its quarterly update, the Institute of International Finance said on Tuesday that the world's debt pile is hovering near a record at $244 trillion, which is more than three times the size of the global economy. As proof, Italy was set to price 10 billion euros of notes to yield 18 basis points above benchmark rates, less than the 22 basis-point spread they were initially marketed, according to Bloomberg News. A spokesman for Italy's debt agency confirmed that investors placed orders for 35.5 billion euros of the debt, and while such numbers should be viewed skeptically, the shrinking spread confirms there was high demand despite Italy wrestling with a debt-to-GDP ratio of more than 130 percent — the highest in the euro area after Greece, according to Bloomberg News.
The AI powered equity ETF, or AIEQ , has already doubled the gain of the S&P 500 so far this year. Powered by IBM's artificial intelligence Watson, this actively managed portfolio is the first of its kind, said Sam Masucci, founder and CEO of ETF Managers Group, which operates the fund. "Literally it's looking at 6,000 stocks every single day, millions of pieces of information to whittle that down to a portfolio of 75 to 100 stocks," Masucci told CNBC's "ETF Edge" on Monday.
General Electric GE shares were under pressure Tuesday after longtime J.P. Morgan analyst Stephen Tusa said to avoid the stock into earnings later this month. The note comes a day after William Blair said the end of the apocalypse for the company whose stock has been bludgeoned over the last two years is finally here. On Monday, an options trader made a large bet that GE would be back above $10 per share by the beginning of next year.
One of them is they don't follow the pack — whether it's a fad investment or panicking during a market sell-off, according to author Tom Corley. First, they don't follow the pack — whether it's a fad investment or panicking during a market sell-off, according to Tom Corley, an author who has studied self-made millionaires.
Bank of America has a "buy" rating and $60 price target for GM stock. Analyst Bryan Spillane says expectations for volume growth at Molson Coors are extremely low at the moment. However, with TAP stock priced at more than a 60 percent earnings multiple discount to competitor Constellation Brands (STZ), Spillane says secular growth pressures are already priced into TAP shares.
How bad is sentiment in the Hong Kong property market? In the residential deal, an as-yet-unidentified buyer inked a HK$722 million ($92.1 million) agreement on Dec. 31 to buy House No. 16 at the Mount Nicholson development high on Victoria Peak. and privately held Nan Fung, have commanding views overlooking the city from "the Peak," Hong Kong's most prestigious address.
The stock is also above a Fibonacci Retracement level of 23.6% at $342.32 on its weekly chart. Holding these levels going into Thursday's close targets my quarterly risky level of $379.93, but a new high appears unlikely at least in the first quarter. Going into Tuesday's trade, Netflix had a volatile ride, which is a concern that all good news has been priced into the stock for Thursday's earnings report.
CNBC senior personal finance correspondent Sharon Epperson joins 'The Exchange' to discuss on America's savings problem and why it's such a big deal.
So has Monica. years ago, not only was Monica forced to retire unexpectedly, she was not financially prepared for retirement at all. A survey by Transamerica Center for Retirement Studies found on average Americans are retiring at age 63, with more than half indicating they retired sooner than they had planned.
Investors are reacting to fresh news on the U.K.'s plan to exit from the European Union. Australia's S&P/ASX 200 Index is trading 5819.00, up 4.40 or +0.08% and China's Shanghai Index is at 2569.76, down 0.59 or -0.02%. Investors are assessing fresh uncertainties surrounding the U.K,'s withdrawal from the European Union after Prime Minister Theresa May's plan on how Britain should exit the EU was overwhelmingly voted down in the House of Commons, which is the U.K.'s lower house of parliament.
Have Snap shares bottomed out? rose 0.48% Monday after analysts at Citigroup raised its rating to neutral, citing an improving outlook by advertisers, who are "generally optimistic about the outlook for the platform," wrote Mark May. May also noted a forthcoming Android redesign and a decline in operating costs as reasons for upgrading the stock to $7 per share, above its current level of $6.31 per share. Likewise, Cowen's John Blackledge wrote in a note to clients on Jan. 10 that "Snap's valuation is a bit more reasonable," given a significant share decline since last year.
Netflix is raising its U.S. prices by 13 to 18 percent, its biggest increase since the company launched its video streaming service 12 years ago. The extra cash will help to pay for Netflix's huge investment in original shows and films and finance the heavy debt it has assumed to ward off rivals such as Amazon, Disney and AT&T. While subscribers might bemoan a bigger monthly bill, Wall Street cheered, sending Netflix's shares up 6.5 percent Tuesday.
The first quarter of 2019 has opened on a solid note for investors. After the carnage throughout the equity markets in the fourth quarter of 2018, some rays of sunshine were overdue. There are several events investors should watch.
Telltale Clues To Look For In A Stock Chart Best Stocks To Buy — And When To Buy Them When looking for the best stocks to buy and the best time to buy them, three main factors come into play. You'll significantly increase your rewards and reduce your risk if you wait for each of these elements to line up before you buy. Market Direction: The best time to buy stocks is when the general market is in a confirmed uptrend.
Now, in California, it has pushed PG&E Corp. to the brink, in the biggest warning yet about the financial risks of climate change. The utility giant's critics contend it's hurtling toward bankruptcy court because of its own negligence and arrogance. It's “a real wake-up call” for businesses across the country, said Ian Monroe, chief executive officer of the socially responsible investment firm Etho Capital.
An anonymous trader caused a stir in the U.S. equity options market on Monday with a massive bet that recalled Warren Buffett's famous wager on global stocks more than a decade ago. The trader sold 19,000 put options on the S&P 500 Index (.SPX) obligating him or her to buy the market benchmark at 2,100 on Dec. 18, 2020, data from New York-based options analytics firm Trade alert showed. Buffett's Berkshire Hathaway (BRKa.N) sold billions of dollars in stock index options between 2004 and 2008, betting that markets would rise over the next 15 to 20 years.