Finance professor Damodaran says Netflix’s big-spending business model can’t last
Netflix’s business model is unsustainable, and it will hurt the company in the long run, New York University professor Aswath Damodaran said Tuesday. “They are in a cycle that they can’t get out of,” Damodaran, who is known as the...
The Federal Reserve doesn’t need to ‘keep our foot on the gas pedal’ anymore, Fed’s Bostic says
The risk of a powerful economy overheating is the reason the Fed should stick to its schedule of interest rate increases, Atlanta Federal Reserve President Raphael Bostic said Tuesday. With the jobless rate running at 3.7 percent and considerably below...
Former Fed Chairman Paul Volcker thinks ‘we’re in a hell of a mess’
Former Federal Reserve Chairman Paul Volcker, who has reached legend status in the world of central banking, isn’t optimistic about current conditions. When he looks around now, he sees “a hell of a mess in every direction,” including a lack...
In an unprecedented move, the EU rejects Italy’s new budget plan
The European Commission, the EU’s executive arm, told populist lawmakers in Italy that it must make revisions to its draft budget proposal. Rancour between Rome and Brussels has grown in recent weeks after a controversial draft Italian budget for 2019...
Dow set for triple-digit losses at the open amid rising global tensions
U.S. stock futures pointed to a negative open Tuesday morning, with global markets on edge amid geopolitical tensions surrounding Saudi Arabia. Dow futures were off by 258 points as of 4:20 a.m. ET, indicating a negative open by 269 points....
Stocks making the biggest moves after hours: Cadence, Zions Bancorp and more
Check out the companies making headlines after the bell: Cadence Design Systems shares soared more than 8 percent during after-hours trading Monday after the electronic software company beat analysts’ estimates in its third quarter earnings. The company reported earnings of...
Pot stocks post second-worst day ever as Tilray tumbles
An exchange-traded fund that tracks popular pot stocks fell sharply on Monday, led by shares of Canadian marijuana company Tilray. Traders pointed to profit taking following the legalization of recreational pot in Canada and the end of big conferences earlier...
CEOs’ biggest fear is interest rates, says chief executive behind confidence survey
The primary concern among American CEOs is rising interest rates, said Steve Odland, president and CEO of The Conference Board. A recent survey by the organization, a global, independent business membership and research association, showed that CEO confidence declined in...
Chipotle shares rise after RBC upgrades the stock and predicts 20% rally
New management at Chipotle Mexican Grill will grow sales at the burrito chain through an improved menu, digital and delivery offerings and other marketing successes, according to RBC Capital Markets, which upgraded shares to outperform. But investors may need to...
CBS should hire a woman as its new CEO — and industry insiders have some suggestions
Getting a chance to lead one of the four major broadcast networks — NBC, CBS, ABC or Fox — is rare. A woman has never had the CEO spot at any of them. That should change, and CBS Corp. should...
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