President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Deutsche Bank raised its rating on Netflix shares to buy from hold on Tuesday, saying the streaming service is becoming "more like a platform every day" rather than just another app on people's phones.
"Platform status brings network effects not available to peers and competitors. Specifically, this is making Netflix even more of a go-to destination when consumers want to watch something, and it means having Netflix is becoming more of a cultural necessity for people around the world," Deutsche Bank analyst Bryan Kraft wrote in a note to investors.
"It also makes Netflix a magnet for talent. And it means that consumers stay captive within the Netflix walled garden for significant amounts of time. Aside from pay TV, which is losing audience share, there are no other competing platforms that approach Netflix's reach," Kraft added.
Deutsche thinks Netflix is No. 1 among streaming competitors when it comes to battling for talent.
Even as Disney rolls out Disney+, with a myriad of blockbuster offerings, and Amazon, Hulu and HBO continue invest billions in streaming, Netflix remains ahead in attracting talent. Netflix's ability to secure talent "will continue to feed" the company's "appetite for high-value original content," Kraft said.
Wall Street's estimates for Netflix's subscriber growth over the next two years "seem conservative," Kraft said. To top off Deutsche's upgrade, the firm thinks Netflix has a "risk/reward profile [that] is attractive."
Deutsche increased its price target on Netflix to $400 a share from $360 a share. Netflix stock was up more than 4% Tuesday afternoon from Monday's close of $348.87 a share.