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  • Jul 30, 2024

Netflix Stock (NASDAQ:NFLX): Membership Growth Acceleration to Fuel Gains

Netflix (NFLX) recently released its Q2 results, showcasing continued acceleration in both membership and revenue growth. Despite intense competition, the streaming giant remains dominant, with its scalable unit economics fueling even more significant earnings growth. This positive trend is expected to continue, which is likely to keep fueling the stock’s ongoing bullish momentum, even after its notable recent gains. Consequently, I remain bullish on NFLX stock. Q2 Results: Membership Growth Mom

  • Jul 30, 2024

Japanese Stocks Fall, Yen Strengthens Ahead of BOJ: Markets Wrap

(Bloomberg) -- Japanese stocks dropped and the yen rose as traders positioned for a potential interest-rate hike from the nation’s central bank, the highlight of an event-packed day in Asia. Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundTech Stocks Hit as Microsoft Down 6% in Late Hours: Markets WrapRich Hong Kong Families Sell

  • Jul 30, 2024

Oil claws back some losses after Israel retaliates against Hezbollah

Oil futures clawed back some losses on Wednesday, recovering from 7-week lows as geopolitical tensions rose after Israel retaliated against an attack by Hezbollah, although prices remained under pressure from concerns about demand in China. Brent crude futures climbed 39 cents, or 0.5%, to $79.02 a barrel by 0020 GMT ahead of expiry on Wednesday, while the more active October contract was at $78.54, up 47 cents. U.S. West Texas Intermediate crude futures rose 52 cents, or 0.7%, to $75.25 a barrel.

  • Jul 30, 2024

Oil Rises After Industry Report Shows Another US Stockpile Draw

(Bloomberg) -- Oil rose for the first time in four sessions after an industry report pointed to a fifth week of drawdowns in US stockpiles.Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundTech Stocks Hit as Microsoft Down 6% in Late Hours: Markets WrapRich Hong Kong Families Sell Mansions at Discounts to Repay DebtBrent crude for

  • Jul 30, 2024

Landstar sees stabilizing trends, still awaiting TL market turn

Freight broker Landstar System shared some signs of market stabilization with analysts on a Tuesday call but said it’s still too soon to say the market has turned. The post Landstar sees stabilizing trends, still awaiting TL market turn appeared first on FreightWaves.

  • Jul 30, 2024

Fed Expected to Hold Rates and Signal September Cut

(Bloomberg) -- Federal Reserve officials are likely to move closer to lowering interest rates from a two-decade high this week by signaling a potential rate cut in September, though they may stop short of providing details beyond that.Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundTech Stocks Hit as Microsoft Down 6% in Late Hou

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