Netflix hit a record high in August, with shares reaching an intraday record of $711.33. Despite recent fluctuations, the stock closed at $701.35 on Friday, representing a 44% increase year to date. Analysts are optimistic about Netflix’s future growth potential, with many believing that the stock has even more upside from here. Competitive Advantage and
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Salesforce saw a 4% increase in its shares in extended trading after the company released its fiscal second-quarter results, surpassing expectations. The company exceeded estimates with earnings per share of $2.56, compared to the expected $2.36. Additionally, revenue totaled $9.33 billion, beating the anticipated $9.23 billion. This growth was attributed to an 8% increase in
Last week, mortgage rates declined for the fourth consecutive week. Surprisingly, the response from both current homeowners and potential homebuyers was lackluster. Despite the decrease in mortgage rates, the total mortgage application volume only saw a slight increase of 0.5% compared to the previous week, as reported by the Mortgage Bankers Association. The average contract
Former President Donald Trump and Vice President Kamala Harris have both put forth economic proposals that aim to shape the future of the country’s economy. According to a pair of studies from the nonpartisan Penn Wharton Budget Model, Trump’s proposals would increase federal deficits by $5.8 trillion over the next decade, while Harris’ proposals would
The merger of Amazon aggregators Branded and Heyday marks a significant shift in the e-commerce industry, particularly in the aftermath of the Covid era. The newly formed entity, Essor, which means “take flight” in French, symbolizes a vision of elevating brands to new heights through their platform. With an expected annual revenue of $400 million,
The recent announcement from the Harris campaign revealed a staggering success in fundraising efforts, with a total of $40 million raised following Vice President Kamala Harris’ speech at the Democratic National Convention. This notable achievement brings the overall amount collected for Harris’ election campaign to a remarkable $540 million since President Joe Biden exited the
Boeing’s Starliner capsule, which delivered NASA astronauts to the International Space Station (ISS) in early June, will be returning to Earth without the crew onboard. Instead, NASA will now have astronauts, Butch Wilmore and Suni Williams, return via SpaceX’s Dragon spacecraft on September 24. The decision to return the Starliner capsule empty signifies a significant
With the U.S. imposing tariffs on Chinese electric vehicles, Chinese EV makers have redirected their focus towards other markets, with Mexico emerging as a significant destination for their high-tech cars. The Mexican Ministry of Economy reported that China was the leading car supplier to Mexico, exporting vehicles worth $4.6 billion to the country in the
Philadelphia Federal Reserve President Patrick Harker recently expressed his support for an interest rate cut expected to take place in September. During an interview with CNBC at the Fed’s annual retreat in Jackson Hole, Wyoming, Harker made it clear that he believes monetary policy easing is necessary, given the current economic conditions. This endorsement comes
Since President Joe Biden withdrew from the White House race and threw his support behind Vice President Kamala Harris, the fundraising efforts have skyrocketed. According to NBC News, Harris has managed to secure an impressive sum of nearly $500 million for her campaign within just one month. This overwhelming amount of financial support is not