33.80 +0.08 (0.24%)
Pre-Market: 7:15AM EDT
|Bid||33.69 x 800|
|Ask||33.86 x 1200|
|Day's Range||33.38 - 33.92|
|52 Week Range||30.13 - 39.80|
|PE Ratio (TTM)||6.59|
|Forward Dividend & Yield||2.00 (5.95%)|
|1y Target Est||N/A|
Hulu's live TV streaming service has hit a milestone number of more than 1 million subscribers. The new figures were first reported by USA Today, in a report detailing Hulu's Emmy campaign. Hulu also confirmed the number's accuracy with us.
The United States Department of Justice (or DOJ) is appealing the judge’s decision to allow AT&T (T) and Time Warner to merge in June. The merged company was renamed WarnerMedia. But AT&T doesn’t seem worried about the DOJ’s appeal, and CEO Randall Stephenson said he hopes the company will prevail. He reiterated it when he addressed a Goldman Sachs investor conference in New York this month.
ADB, a unit of Keeley Cos., is building a $15 million headquarters in Pacific to accommodate the growth.
Accenture (ACN) is set to release its fiscal 2018 fourth-quarter financial results on September 27. In the last five quarters, Accenture’s bottom line has increased at a CAGR (compound annual growth rate) of 4.2%.
Millions of Americans have switched from traditional cable or satellite TV to streaming video-on-demand services such as Netflix (NFLX). Streaming services have lured consumers with low prices and good programming libraries. Last year, Netflix hiked the rates on a variety of its plans.
Netflix and HBO each took home 23 Emmy statuettes this year, and Amazon was the first streaming service to win best comedy.
History was made at the 70th Primetime Emmy Awards show on Monday. For the first time ever, Netflix (NASDAQ:NFLX) tied HBO for the most Emmy wins at 23. It also doesn’t mean Netflix will outright dominate the streaming category.
Yesterday, President Donald Trump announced a new round of tariffs on Chinese goods — $200 billion to be exact. In response, China issued a $60 billion levy on U.S. goods. In an increasingly global economy, prospects for a trade war with China tend to foster nervousness among investors.
If you bought Netflix (NASDAQ:NFLX) stock at the start of the current recovery, when the price of the shares was in the mid-teens, you are sitting on a gigantic capital gain, as Netflix stock is currently worth more than $360 per share. You may also be suffering from vertigo because Netflix stock peaked at over $400 per share in July and then fell below $340 per share, before starting its latest rally which began in August. The fall of NFLX stock came on fears about slowing subscriber growth, while the latest uptrend was sparked by analysts who told traders to exploit the lower prices.
The FCC (Federal Communications Commission) announced last week that it needed more time to review the possible merger between T-Mobile (TMUS) and Sprint, the third- and fourth-largest carriers in the country. The two companies are looking to merge, as competition in the telecommunications sector has been squeezing their margins.