STOCK MARKET NEWS: Google job cuts, T-Mobile breach, Netflix jumps

Netflix shares are more than 5% higher in premarket trading after the company gained 7.7 million subscribers during the October-December period.will relinquish its title of co-CEO.Programming chief, Ted Sarandos will be co-CEO along with Greg Peters, Netflix's chief operating officer.$55.3 million, or 12 cents per share, during the fourth quarter, a 91% decline from the same time in the prior year. Revenue rose 2% from the previous year to $7.85 billion.

The earnings fell below the predictions of analysts, but investors appeared to be more focused on the subscriber gains that were far above projections. Nordstrom shares are down more than 4% in premarket trading after the company reported declining holiday sales. says sales declined 3.5% from year ago figures, causing the company to adjust its full-year forecast, according to the Wall Street Journal.and credit-card revenue, at the low end of its previously issued outlook of 5% to 7%. for the month of December.

Sales of previously owned homes are expected to fall 3.2% to a seasonally adjusted annual rate of 3.96 million units. That would be the eleventh straight monthly drop, the most on record.high mortgage rates,Homebuilder sentiment inched up from the lowest in more than a decade but is still at a very depressed level; while housing starts and building permits continue to retreat.

Oh lord, I don't think we can take much more.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

STOCK MARKET NEWS: Alphabet jobs, Netflix rises, T-Mobile breachNetflix shares rise on subscription gains. Nordstrom holiday sales decline. Oil's price gains for a second week. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »

STOCK MARKET NEWS: Microsoft, Amazon layoffs, Party City bankruptcy, inflation easesAmazon and Microsoft step up layoffs, Davos organizers slam Elon Musk, mixed data on producer prices and retail sales. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. CorporateGreed PriceGouging BigMoney
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stock market outlook: Sell stocks and take profits as rally set to fizzleInvestors should sell stocks and take profits as the latest rally is set to falter amid surprises from the Fed and weak corporate earnings, JPMorgan says
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock Market News Today: Dow Loses Over 600 Points On Inflation, Retail DataThe Dow dropped more than 600 points as new data raised concerns about economic growth. Treasury yields fell sharply. I thought too much growth was the problem last year 🤔 Democrats destroying our economy 😢 dow jones is over inflated balloon
Source: WSJ - 🏆 98. / 63 Read more »

STOCK MARKET NEWS: Dow drops over 600 points, Microsoft, Amazon layoffs, retail sales slideAmazon and Microsoft step up layoffs, Davos organizers slam Elon Musk, mixed data on producer prices and retail sales. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Not a great week so far... Let them all tank.... they should feel what they have done to the Citizens. Thats the Fed’s plan
Source: FoxBusiness - 🏆 458. / 53 Read more »