Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Netflix lost paid U.S. subscribers for the first time in eight years and fell below analyst estimates for international subscriber growth.Tech Driversread more
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
The Dow Jones Industrial Average and Nasdaq Composite traded slightly lower on Thursday after a mixed batch of corporate earnings results.US Marketsread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Southwest joints United and American in taking the Boeing 737 Max out of its schedules through early November with no end in sight to the federally mandated grounding of the...Airlinesread more
The filing came a day after the judge in Michael Cohen's criminal case ordered their release, saying that the end of a probe into those payments to alleged sexual partners of...Politicsread more
The strengthening of the president's formidable campaign war chest has led his organization, along with the Republican National Committee, to raise over $100 million in the...2020 Electionsread more
The three-judge panel in the U.S. Court of Appeals for the Second Circut also upheld the more than $7.7 million in fines and restitution that a judge imposed on Shkreli last...Biotech and Pharmaceuticalsread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
U.S. consumer delinquencies rose slightly in the fourth quarter but remained near record lows as consumers continue to take a judicious approach to managing their finances, the American Bankers Association said on Wednesday.
Delinquencies in seven of the 11 individual loan categories fell in the last quarter of 2014 and a healthy economy and continued financial discipline among consumers bodes well for future delinquency rates, the bank group said.
"Consumers have regained confidence since the last recession, but they remain careful about taking on additional debt," said James Chessen, the ABA's chief economist.
The bankers association defines a delinquency as a payment that is more than 30 days overdue. It does not track traditional mortgage payments.
A composite ratio that reflects late payments in eight loan categories, including personal and auto loans, rose three basis points to 1.54 percent of all accounts, the group said.
Bank card delinquencies ticked up slightly in the fourth quarter, rising one basis point to 2.52 percent of all accounts.
Delinquencies in home equity loans and home equity lines of credit fell to 3.23 percent and 1.48 percent, respectively, as the housing market improves.
"Home equity delinquencies are trending in the right direction as the housing market continues its slow march toward recovery," said Chessen.