The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Netflix plans to offer about $2 billion in debt to fuel its spending on content and other expenses, the company announced in a statement Tuesday. The stock dipped slightly on the news before moving back into positive territory. The announcement comes after another $2 billion offering as recently as October.
The move comes as Netflix faces increased competition in the streaming space, and will help fund its purchases of new shows and movies for the service.
Earlier this month, Disney unveiled its plans for a streaming service, Disney+, which will cost $6.99 per month when it launches this fall. That's significantly cheaper than Netflix's most popular plan, which costs $12.99 per month. Disney's announcement sent Netflix's stock sliding the following day.
Netflix said in an earnings report earlier this year that it expects its cash burn to peak in 2019 before it begins to fall. The company reported net cash flow of negative $380 million for the first quarter of 2019 compared with negative $287 million during the same period last year.
Netflix said it expects its free cash flow deficit for 2019 to end up around negative $3.5 billion, which was greater than the $3 billion it was previously expecting. The company said the updated figure was due to a change in corporate structure and investments in real estate and infrastructure.
But despite the rapid cash burn, investors have continued to put their money behind the stock, which is up about 18% over the past 12 months. Many see content investment as an edge for Netflix, which seeks to maintain a strong position in an increasingly crowded streaming market.
The company said it will use the proceeds "for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions." Netflix said the interest rates and other terms will be subject to negotiations between Netflix and the initial purchasers.