The company blamed its Q2 content slate and price increases for the subscriber miss.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
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
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt. And growth is entirely dependent on Netflix's...Technologyread more
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
Yes, Netflix is losing "The Office" and "Friends" in the next two years. But that may not be a bad thing for the streaming company.Entertainmentread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
Trade negotiations between the world's two largest economies are stuck at a standstill, the Wall Street Journal reported Wednesday.Marketsread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
President Donald Trump's personal lawyer Michael Cohen has hired his own lawyer, NBC News reports.
Cohen has hired Stephen Ryan, of McDermott, Will & Emery. Trump's lawyer is said to be testifying in front of the House Intelligence Committee on September 5, NBC News reports.
Cohen is not the only Trump associate who has hired counsel.
Michael Caputo, a Trump campaign advisor, retained lawyer Dennis Vacco. The House Intelligence Committee wants to schedule Caputo for a hearing in mid July, and Caputo's lawyer is negotiating whether the hearing would be open. The FBI has reached out to Caputo, and sources say the FBI wants to talk to Caputo before he talks to the committee, NBC reports.
Paul Manafort, Trump's former campaign manager, has hired Reginald Brown, chairman of Wilmer Cutler Pickering Hale and Dorr, NBC reports. Carter Page, a former Trump adviser, has also hired a lawyer.
Sam Nunberg, an aide who briefly worked on the campaign, has not retained a lawyer, NBC reports. He has not been contacted by investigators nor Congress.