An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit on Monday, while some energy stocks are shooting upward.Marketsread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Justice Kavanaugh from when he was a Yale University student, noting that "the female student...Politicsread more
The U.S. faces less oil-shortage risk after weekend strikes on Saudi facilities because America has been aggressively developing its own domestic resources in recent years,...Oilread more
Purdue's board approved the much-anticipated bankruptcy filing, days after reaching a tentative deal to settle some 2,000 opioid lawsuits.Health and Scienceread more
Netflix's domestic subscriber growth met Wall Street's expectations, but Wall Street really liked how well the company in the rest of the world.
The company said it added 7.05 million subscribers to its service during Q4. About 1.93 million came from domestic subscribers, but the lion's share – 5.12 million accounts – came from international customers. The number of total additions wildly beat the projected 5.2 million that Netflix projected during Q3.
Netflix came in at $2.47 billion revenue for the quarter, in line with the Thomson Reuters projection. Its beat the earns per share estimate, reporting 15 cents compared to the estimated 13 cents.
Analysts were expecting Netflix to have a positive quarter, based on projected international audience subscriber growth. The company said late 2016 shows including "The Crown" and "Luke Cage" bolstered its subscriber numbers. Netflix pledged to spend $6 billion on content in 2017.
Unlike Hulu which is competing against live TV and cable providers, Netflix is going after audiences who are looking for content to watch in their leisure time, Forrester principal analyst Jim Nail said to CNBC. The question becomes is Netflix's $7.99 to $11.99 a month worth it for the kinds of shows and movies you can watch, he added. And, as the subscriber number show, the answer is yes.
"Their original content and doing it at such a high level of quality really takes Netflix out of that comparative decision [against other entertainment providers]," said Nail.