Campbell Soup, Moderna, Western Digital and others

Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer’s shares rallied 3.7% in the premarket after Campbell reported an adjusted quarterly profit of 70 cents per share, 9 cents above estimates. Sales also beat forecasts, and the company raised its full-year sales outlook. Campbell also maintained its prior … Read more

Forget FAANG stocks? Bank of America likes these smaller tech names

Tech stocks have endured a massive sell-off this year, but Bank of America believes there are opportunities in some under-the-radar names. CNBC Pro spotlights four of the bank’s top stock picks. The tech sector has borne the brunt of a market rotation out of growth and into value names, as the likelihood of a steep … Read more

Resilient trades as U.S. economy faces looming recession

Market watchers have been mixed on if, and when, a recession is on the horizon, but hedge fund manager Dan Niles said it is clear that the U.S. economy is headed for one. The U.S. economy has been plagued by a confluence of decades-high inflation and what many expect to be an aggressive rate hike … Read more

Goldman Sachs’ top tech stock picks to weather market volatility

Goldman Sachs has named four “compelling” buying opportunities in tech after a mixed bag of first-quarter earnings. The stocks offer solid topline growth and are more likely to prevail amid the current market volatility, the bank said. After years of market-beating returns, tech stocks have endured a massive sell-off this year. The sector has borne the … Read more

Netflix ‘Is it Cake’ contestant Justin Ellen makes 6-figures in business

When Justin Ellen received a “random” direct message on Instagram asking if he would like to be part of a Netflix show called “Is It Cake?” — he thought it was “very sketchy.” It was only when they said there was an interview that he realized, “OK, it’s legit,” said the youngest contestant of the … Read more

Netflix ads, password crackdown expected as early as this year, source says

Reed Hastings, co-founder, chairman, and co-chief executive officer of Netflix, arrives for the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 6, 2021. Brian Losness | Reuters Netflix could roll out its lower-price, ad-supported tier as early as this year, a source familiar with the matter told CNBC. Netflix … Read more

Dave Chappelle attacked on stage by an audience member in Los Angeles

Chappelle was not injured as a result of the attack, LAPD said. Kevin Mazur | Getty Images Entertainment | Getty Images U.S. stand-up comedian Dave Chappelle was attacked by an audience member during a live performance at the Hollywood Bowl in Los Angeles, according to the Los Angeles Police Department. A male suspect on Tuesday … Read more

Netflix Loses 200,000 Subscribers. Here’s What Wall Street Thinks.

Text size Henrik Jonsson/Dreamstime.com Netflix stock was slumping Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts. Netflix (ticker: NFLX ) lost 200,000 subscribers in the quarter, well below its guidance for 2.5 million net adds. The streaming service would have added 500,000 users … Read more

Opinion: Are you sharing a Netflix password? Not for long …

After an unprecedented downturn in subscriber growth in the first quarter, Netflix executives are eyeing the millions of people using other subscribers’ accounts as a way to reverse the streaming service’s current trajectory. Netflix NFLX, +3.18% executives said Tuesday that the service lost 200,000 paid subscribers on a net basis in the quarter, the first … Read more