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Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Disney's "Avengers: Endgame" is now the highest-grossing film of all time having earned $2.79 billion at the global box office.Entertainmentread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
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On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Shares of Netflix jumped 9.2 percent Tuesday to an all-time high after the company said it added nearly 1 million more subscribers in the previous quarter than analysts were expecting.
The streaming giant said Monday after the market close that it added a total of 7.41 million subscribers in the first quarter. In the U.S., Netflix's user base increased by 1.96 million. Analysts polled by StreetAccount expected Netflix to add a total of 6.5 million subscribers, with 1.48 million of those coming from the U.S.
Netflix also reported earnings and revenue for the quarter that matched analyst expectations.
"NFLX's content strength & the global, secular shift to Internet entertainment are driving subscriber upside & we believe providing mgmt w/greater confidence into what is normally a seasonally slower 2Q," J.P. Morgan analyst Doug Anmuth said in a note Tuesday.
Anmuth also hiked his price target on the stock to $385 per share from $328, implying a 25.1 percent upside from Monday's close of $307.78.
"Overall, NFLX continues to execute extremely well, emphasizing its case as the best global, secular growth story in tech," Anmuth said.
The company's stock was the best-performing S&P 500 component in early trading Tuesday.