Netflix (NFLX) shares closed 13% higher on Wednesday following the company's huge third-quarter earnings report. The platform delivered a beat on both the top and bottom lines, in addition to 2.41 million net subscriber additions — crushing estimates of 1 million.
Federal Reserve officials hit the lecture circuit on Wednesday with the aim of convincing investors that their new policy strategy would be helpful for the economy over the longer term. Last week, the Fed said it expected to leave...
A little-known service has been leaking the real-time locations of US cell phone users to anyone who takes the time to exploit an easily spotted bug in a free trial feature, security news site KrebsOnSecurity reported Thursday. LocationSmart, as the service is known, identifies the locations of phones connected to...
Chinese technology stocks tanked Monday after a political reshuffle in the world’s second-largest economy tightened President Xi Jinping’s grip on power with investors fearing this could be a negative for private firms. Tech giants Alibaba and Tencent closed down more than 11% in Asia; search company Baidu was 12% lower...
Tesla (NASDAQ: TSLA) has enjoyed raging success in the Chinese automotive market so far in 2020. The company is in control of 21% of the total electric vehicle market, according to Nikkei Asia. However, the company’s domination could be short-lived, according to...
The owner of a Chick-fil-A location in Sacramento, California, calls it a "living wage." In Eric Mason's view, that would be $17 or $18 an hour, which is what he vows he'll be paying his workers, starting Monday, June 4. The rate represents a sizable increase for employees now...
SINGAPORE (Reuters) - Chinese markets soared and the yuan rose on Friday, with about a trillion dollars added to the value of Chinese stocks in week, as rumours and news reports fed hopes for twin relief in U.S.-China tension and China's...
Bhavin Bhagalia from London has just bought his first electric car. "I didn't just want something that could get me from A to B, I wanted the entire travelling experience to be better," he says. With...
Google has been in hot water for the last few months as details about its partnership with the US military revealed the tech titan's involvement in a clandestine, and potentially indirectly violent, program. After internal and external backlash, the company backed out of the project last week. Today, Google...
In isolation, a modest slide in the economy of 0.2% over three months might fall into the category of regrettable but unsurprising in the circumstances. But looking ahead, the Bank of England and others anticipate that this is the first of a run of several quarters marking the start of...
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