Netflix could lose 10 million subscribers next year if it doesn't cut prices, Needham analyst says
Needham recommends Netflix takes on advertising dollars to combat its higher price point.
Needham recommends Netflix takes on advertising dollars to combat its higher price point.
Shares globally were just 2.5% short of an all-time high on Friday, as a surprise bounce in Chinese manufacturing and some reassuring U.S. jobs numbers eclipsed a blizzard of otherwise sickly global data.
Alphabet Inc-owned Google will buy fitness tracker pioneer Fitbit Inc for $2.1 billion, as the search giant takes on Apple and Samsung in the fast-growing market for wearable devices.
Nasdaq's Nordic and Baltic stock markets were halted by technical problems for a second time on Friday, only minutes after trading resumed following earlier problems.
Royal Dutch Shell faced a torrent of criticism from analysts on Friday for warning of possible delays to its $25 billion share buyback program, with some saying the move had undermined the credibility of the oil giant's management.
Unions representing flight attendants at the three U.S. airlines that operate Boeing Co's 737 MAX said they are more reluctant to support the grounded jet's return after Congressional hearings this week on its development.
Chevron Corp reported a larger-than-expected 36% drop in third-quarter profit on Friday, hit by lower oil and gas prices despite an overall increase in its output.
The S&P 500 and Nasdaq indexes hit record high in early trading on Friday, after data showed U.S. jobs growth slowed less than expected in October.
UBS Group could double the profit it makes from its American wealth management arm within a decade even as it cuts staff numbers by targeting the super-rich, the co-head of the business told Reuters.
U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere and hiring in the prior two months was stronger than previously estimated, offering some assurance that consumers would continue to support the slowing economy.
German auto maker Audi's fully-electric e-tron sports utility vehicle was the top-selling car in Norway last month with an 8.3% market share, registration data showed on Friday.
A show of strength in the labor market is giving traders a bit more confidence that the Federal Reserve will keep borrowing costs where they are for now after it cut interest rates for a third time earlier this week.
Yields on U.S. government bonds jumped on Friday morning after domestic job growth slowed less than expected in October, suggesting the Federal Reserve was justified in signaling on Wednesday that it would pause interest rate cuts going forward.
Cboe Global Markets said on Friday the President of Cboe Europe, Mark Hemsley, would retire from the company at the end of February and named David Howson, chief operating officer of its European operations as his successor, beginning Jan. 1.
Covered for medical services while traveling depends partly on where you're going and how you receive your Medicare benefits.