Fed Chief Talks Tough on Inflation. There’s More Pain Ahead for the Stock Market.

From left: Fed officials Jerome Powell, Lael Brainard, and John Williams ponder the great outdoors during a break at the economic symposium at Jackson Hole. David Paul Morris/Bloomberg Text size Grand Teton National Park has a stark warning for visitors to the Wyoming mountain oasis. “Bears are active,” it says on its website. “Travel in … Read more

Bollywood Is Threatened by India’s Other Movie-Making Powerhouse

(Bloomberg) — Bollywood has a serious rival now in India. It’s bigger, louder and is making more money than its prolific, glitzy Hindi-language cousin known for its signature dance moves and opulent wedding scenes. A new genre of films from southern India — epic, big-budget, over-the-top action flicks, some of them served with a dollop of toxic … Read more

Facebook Changed Name, Now Changing Ticker. What It Means for the Stock.

Text size Meta Platforms follows a number of high-profile companies that changed their ticker symbols. Fabrice Coffrini/AFP via Getty Images Meta Platforms , formerly known as Facebook , is taking the final step to decisively shed its previous identity on Thursday. The company will begin trading under ticker symbol “META,” leaving behind its current trading … Read more

Looking for $100,000 Salary? See How Much the Biggest U.S. Companies Pay Workers

Wages for the median workers at the majority of big American companies are higher than they were before the pandemic, with the tight job market helping to lift paydays for many bank tellers, factory workers and software programmers. Compensation in 2021 for the median worker at 275 companies in the S&P 500 index was higher … Read more

Apple Is the Last FAANG Standing

Apple is the last FAANG standing—and its earnings report this coming week could go a long way toward determining if the stock market bounces back or slides even further. As bad as this year has been for the stock market, it’s been even worse for the original FAANGs. While the S&P 500 has fallen 10.4% … 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

Paying Your Taxes Can Be Good for Crypto and Stocks

Photo Illustration by Scott Olson/Getty Images Text size Tax day in the U.S. is, admittedly, not one of Americans’ favorite days. Even if refunds are expected, there is still the pressure of filing the correct forms with the correct math at the correct time. (If you need more time, read this.) Tom Lee, head of … Read more

ViacomCBS Is Changing Its Name. More Subscribers Joined, but at a Cost.

Text size ViacomCBS is changing its name to Paramount Global. Dreamstime ViacomCBS reported a very solid quarter of streaming-subscriber gains on Tuesday, but that growth didn’t come cheaply. The company ramped up spending on content and marketing for its Paramount+ and other services, depressing profits in the fourth quarter. Legacy TV and advertising businesses plugged … Read more

Netflix Co-CEO Reed Hastings Bought $20 Million of Stock

Text size Netflix co-founder and co-CEO Reed Hastings just made his first purchase of the company’s shares on the open market. Henrik Jonsson/Dreamstime.com Netflix ‘s stock has slumped in 2022, and co-founder and co-CEO Reed Hastings disclosed that he bought $20 million of shares of the streaming giant this past week. Netflix stock (ticker: NFLX) … Read more