In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
Stocks in Asia traded lower on Monday morning, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread 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
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
One Wall Street brokerage just did an about-face on Netflix, telling clients that the stock's 27 percent decline from its July high represents an attractive buying opportunity.
In a rare move, Buckingham Research raised its rating two notches to buy from underperform for Netflix shares, saying that while it was previously cautious on its "elevated" stock price, it still believes it is a top-notch option.
"We have always viewed Netflix as the continued top streaming category winner," analyst Matthew Harrigan wrote Monday. We are "increasing our price target to $406 from $349, providing 31 percent upside, with the stock's 27 percent decline from its July 12-month high being the primary upgrade catalyst."
Netflix is down more than 9.9 percent over the last three months and is off nearly 27 percent from its 52-week high of $423.21 amid a technology stock rout. Shares of Facebook, Amazon and Google-parent Alphabet are each down more than 8 percent so far this quarter.
Shares rose 0.5 percent in premarket trading following the Buckingham upgrade.