Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread 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
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
See which stocks are posting big moves after the bell on July 17.Market Insiderread more
"It's clearly doing more harm than good," the "Mad Money" host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide.Mad Money with Jim Cramerread more
Silicon Valley workers say they gravitate toward Yang, who is running for president as a Democrat, because of his approach to research and understanding of tech's moral...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
"The passport contains numerous ingress and egress stamps, including stamps that reflect use of the passport to enter France, Spain, the United Kingdom, and Saudi Arabia in...Politicsread more
Loup Ventures founder Gene Munster told CNBC's "Fast Money" on Wednesday that Netflix's disappointing second quarter results are a turning point for the company, saying the...Technologyread more
Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]
Federal Reserve Chairman Jerome Powell resumed his two-day semiannual testimony on monetary policy to the Senate Banking Committee on Thursday.
In the first day of hearing in front of the House Financial Services Committee, the Fed chief noted that business investment has slowed down "notably," adding the outlook has not improved in recent weeks. Powell added the central bank will "act as appropriate" to sustain expansion as "crosscurrents" are weighing on the economic outlook.
Major U.S. stock indices hit record-highs after Powell's statement fueled hopes for a interest rate cut later this month. The S&P 500 also jumped over 3,000 for the first time on Wednesday. Stocks rose again on Thursday amid Powell's testimony with the Dow Jones Industrial Average topping 27,000 for the first time ever.
Powell also said on Wednesday he would not resign if President Donald Trump asked him to and he intends to serve his full four-year term.