Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Netflix lost paid U.S. subscribers for the first time in eight years and fell below analyst estimates for international subscriber growth.Tech Driversread more
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
The Dow Jones Industrial Average and Nasdaq Composite traded slightly lower on Thursday after a mixed batch of corporate earnings results.US Marketsread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Southwest joints United and American in taking the Boeing 737 Max out of its schedules through early November with no end in sight to the federally mandated grounding of the...Airlinesread more
Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
The filing came a day after the judge in Michael Cohen's criminal case ordered their release, saying that the end of a probe into those payments to alleged sexual partners of...Politicsread more
The strengthening of the president's formidable campaign war chest has led his organization, along with the Republican National Committee, to raise over $100 million in the...2020 Electionsread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Check out the companies making headlines before the bell:
Pfizer – The drugmaker is buying Array Biopharma for $48 per share in cash, or $11.4 billion, including debt. That's a 62% premium over Array's Friday close. Array specializes in treatments for diseases where there is a large unmet need, as well as cancer drugs.
Boeing – Boeing CEO Dennis Muilenburg told reporters at the Paris Air Show that it will take time to win back the confidence of its customers following the two fatal crashes involving the 737 Max jet. He also said the company had failed to communicate properly with regulators and customers about problems with a cockpit warning system.
Lockheed Martin – Lockheed executive Greg Ulmer said he is not concerned that the proposed merger of Raytheon and United Technologies would affect the F-35 program or put pressure on its profit margins. Ulmer is program manager for the F-35.
Deutsche Bank – Deutsche Bank plans to create a so-called "bad bank" to hold billions in non-core assets, according to Reuters. The move is said to be in conjunction with an overhaul of the bank's trading operations.
Alibaba – Alibaba is proposing an eight-for-one stock split, in a move designed to increase flexibility in capital raising. The proposal will be brought up at the China e-commerce giant's July 15 annual meeting.
Deere – R.W. Baird upgraded Deere to "outperform" from "neutral." Baird said the bad weather which has driven up the price of corn and other commodities will also spur demand for farm equipment.
Goldman Sachs – Goldman will combine four of its units that invest in private companies into one new operation, according to The Wall Street Journal. The paper said the newly created unit would be nearly as big as KKR and about one third the size of Blackstone.
Target – Target said its registers are back online after outages over the weekend that prevented shoppers from making purchases on Saturday, and some from using credit cards on Sunday. The retailer said neither incident was caused by a cyberattack.
Papa John's – Papa John's dismissed KPMG as its auditor and hired Ernst & Young. Earlier this year, KPMG had said the pizza chain did not maintain effective control over its financial reporting.
FedEx – China's state news agency Xinhua said the country's investigation into FedEx should not be seen as retaliation for trade tensions between the U.S. and China. China launched a probe over parcels intended for telecom giant Huawei delivered to the wrong address.
Symantec – Symantec was upgraded to "buy" from "neutral" at Mizuho Securities, citing the cybersecurity software maker's valuation after the stock fell 31 percent since the beginning of 2018.
Keurig Dr Pepper – BMO Capital upgraded the beverage maker's stock to "outperform" from "market perform," saying the stock's valuation discount to its non-alcohol peers is now too large to ignore.