The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Stocks fell for a third straight day on Thursday as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
It's tempting to view Netflix as a possible replacement for the entire media ecosystem. But execs on its Q2 earnings call showed lower ambitions: It just wants to create the...Technologyread more
Hacker Square at Facebook's headquarters features large gray stripes that are an homage to an early event in the company's history that epitomized the company's spirit of move...Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Nancy Pelosi and House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.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
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread 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
But new customers who want to tune in to the new programming will be paying $1 more than current Netflix users.
Despite the price hike to $9.99 per month for new customers, one analyst remains very bullish on the stock.
Mark Mahaney, lead Internet analyst at RBC Capital Markets said investors should not be worried about the impact of the price increase on international markets.
He told CNBC's "Squawk Alley " that within a year Netflix has become the No. 2 subscription video-on-demand player in large broadband markets like France and Germany. Moreover the streaming service holds more than a 10 percent share of households in those markets.
On Friday, Mahaney said he agrees that there could be risks associated with the price increase but actually a much larger percentage of subscribers are not bothered by the price increase than are.
"So if the U.S. market shows a price rise, increase tolerance in the U.S., chances are we'll see that in international markets too, but that's still to be determined," he said.
On the other hand, Mahaney said he does worry about whether the market is reaching a peak sentiment on Amazon. However, he thinks the Netflix competitor's story has gotten "materially stronger" over the past year.
"You're seeing accelerating revenue growth in that retail business and this [Amazon Web Services] business has really caught the market, almost all investors, by surprise," he said.
Mahaney added, "We think Amazon's momentum is sustainable. This is not a one- or two-quarter phenomenon. This is a couple of years that will play out that's not yet reflected in the stock price."