Netflix shares have been under pressure ever since the company reported disappointing second quarter results in July, dropping nearly 20% since then, and Bernstein on Thursday sought to answer investors’ questions about how long this slump will continue. “The Q2 miss, coupled with the upcoming Disney+ launch in the US […]
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Housing starts just hit 12-year high, but the underlying stocks may be getting ‘ahead of itself’
It’s been a big month for homebuilders. Home construction stocks — tracked by the iShares U.S. Home Construction ETF, ticker ITB — have climbed nearly 9% in the last month, with names like KB Home and Toll Brothers notching double-digit gains. KB Home shares reached a 52-week high on Wednesday […]
Belgian fighter jet crashes in France, pilot hits power line
A Belgian F-16 fighter jet crashed Thursday on a road in western France and one of its pilots is hanging from a high-voltage electricity line after his parachute got caught, according to French authorities. No injuries have been reported, but surrounding homes have been evacuated as emergency workers try to […]
OECD cuts growth outlook to post-crisis low
The trade war between the United States and China has plunged global growth to its lowest levels in a decade, the OECD said on Thursday as it slashed its forecasts. The Organisation for Economic Cooperation and Development said that the global economy risked entering a new, lasting low-growth phase if […]
Barclays initiates coverage of Beyond Meat, saying it’s ‘not your typical meat company’
In this photo illustration, packages of Beyond Meat “The Beyond Burger” sit on a table, June 13, 2019 in the Brooklyn borough of New York City. Drew Angerer | Getty Images Barclays initiated coverage of Beyond Meat on Thursday and said the company was “well-positioned” with the “potential” to capture […]
How Saudi Arabia failed to protect itself from drone and missile attacks
Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019. Stringer | Stringer DUBAI — Questions have abounded all week as to how Saudi Arabia, the planet’s third-highest defense spender and steward of the world’s largest oil facility, allowed itself […]
Netanyahu urges rival Gantz to form unity government with him
Israeli Prime Minister Benjamin Netanyahu delivers a speech to supporters of his Likud party after polls closed in the Israeli parliamentary elections. Ilia Yefimovich | picture alliance | Getty Images Prime Minister Benjamin Netanyahu called on Thursday on his main rival, former general Benny Gantz, to join him in a […]
Tencent Music says it’s in no hurry to take its popular karaoke app ‘WeSing’ to more countries
The logos of QQ Music, Kugou and Kuwo are seen on the screen of an iPhone on June 12, 2018 in Paris, France. QQ Music, Kugou and Kuwo are the three streaming Chinese music services owned by Tencent. Chesnot | Getty Images Tencent Music Entertainment is in no hurry to […]
Renewable energy is costing less than fossil fuels, says Michael Milken
A wind farm managed by Berkshire Hathaway Energy in Marshalltown, Iowa. Iowa, Kansas and the country of Denmark are the world’s three leading producers of wind energy. Timothy Fadek | Bloomberg | Getty Images Saving the environment is no longer the only compelling argument for switching to renewable energy, said […]
Deutsche Bank has reportedly discussed adding assets to bad bank if sales go well
Some senior Deutsche Bank AG officials have discussed the possibility of putting additional problematic assets worth billions of euros into a unit it created earlier this year, if the bank is able to sell assets already held within that “bad bank,” according to three bank sources. The discussions in recent weeks, […]