As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
FedEx CEO Fred Smith mentioned Amazon as one of his competitors during Tuesday's earnings call, a shift in stance for a company that's long downplayed Amazon's move into the...Technologyread more
J.P. Morgan Chase chief Dimon says he doesn't think the U.S. is close to recession and called the Fed's Powell "a quality human."Marketsread more
Check out the companies making headlines in midday trading.Market Insiderread more
Drone and missile debris recovered by investigators at the Saudi Aramco attack site is proof of Iranian culpability, a Saudi defense ministry representative told media on...World Politicsread more
FedEx CEO Fred Smith is "basically implying that we're going to import" a global slowdown, says CNBC's Jim Cramer.Investingread more
Fans of "The Princess Bride" are screaming "inconceivable!" after the CEO of Sony Pictures Entertainment said pitches had been made by "very famous people" to remake the...Entertainmentread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Netflix shares will rise as the streaming giant will generate strong growth in its international markets, according to Morgan Stanley.
The firm raised its price target to $350 from $275 for Netflix shares, citing the company's proven ability to successfully launch in new countries. Morgan Stanley also reiterated its overweight rating for the company's shares.
In a similar move, J.P. Morgan raised its price target to $328 from $285 and reaffirmed its overweight rating for Netflix shares Tuesday, predicting the company will report "strong" first-quarter financial results.
"We believe Netflix is still in the early stages of global adoption," Morgan Stanley analyst Benjamin Swinburne wrote in a note to clients Tuesday. "While there remains a big opportunity in many of Netflix's older markets, as evidenced by continued strong growth in the US, Asia is perhaps the largest untapped opportunity and likely its most challenging one to capture."
Netflix shares rose 2.1 percent Tuesday after the report.
The company's stock is the third best-performing name in the S&P 500 so far this year with a 51 percent gain through Monday.
Swinburne said Netflix has about 120 million global subscribers in a total market of more than 600 million global broadband households outside of China. He predicts the company can grow to more than 300 million subscribers by 2028.
"We believe share performance is highly dependent on increasing global membership scale," he wrote. "Proven success in the US and initial int'l markets provides a roadmap to success in new markets, and scale should allow NFLX to leverage content investments and drive margins."
— CNBC's Michael Bloom contributed to this story.