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
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
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Cleveland-Cliffs Inc.: "The company's best in show, but I've got to tell you, the stock is not going to be a good stock if the Fed tightens again. I don't think they're going to in the near future, but I've got to tell you, it makes me nervous."
Sina Corp.: "I don't really care about where a stock has been. I care where it's going. I think this stock is bottoming, but I do want you to scale out on the way up because I cannot recommend any Chinese stocks because, if the trade talks break down, you're going to end up getting hurt."
Public Service Enterprise Group Inc.: "I think it's a good one. I happen to like AEP, American Electric Power, a little bit more. I write a check every month to these guys at Public Service. They're good. They're good, they're not great. Not a great grower, not that bad. "
Annaly Capital Management: "Annaly did another equity offering. That's what they do, they do these equity offerings and then they give you a good dividend. I like growth and dividend. I'm going to say no to Annaly."
Take-Two Interactive Software Inc.: "Buy. Buy. I think, of the ones that are out there, it's got the better momentum, better than EA. I've got to tell you — I never thought I'd say this — but it's much better than Activision. And I think that Grand Theft Auto's still terrific. Red Dead is really good. I'm saying buy, buy, buy. Buy some and then buy some after they report. "