Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
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Prosecutors in Masschusetts have dropped a criminal case against actor Kevin Spacey, who had been accused of groping an 18-year-old man.Entertainmentread more
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Loup Ventures founder Gene Munster told CNBC's "Fast Money" on Wednesday that Netflix's disappointing second quarter results are a turning point for the company, saying the...Technologyread more
Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
Federal Investigators say it was one of most planned and intricate cons they've ever seen.
The swindlers, a mother-daughter team, used disguises, a phony headstone and even a baby to sway their victim—the sole heir to a family tree farm fortune, according to investigators.
Donna Maddux, assistant United States attorney, District of Oregon, tells CNBC: "It was incredible dedication. But the payoff they knew they had at the end was even more incredible."
Maddux says the con artists built trust with the victim over years and wound up stealing at least $15 million.