This top U.S. economist puts the chance of a ‘stagflationary’ recession at 65%
A leading economist contends a recession is now more likely than not due to the Trump administration’s trade wars, and that the U.S. could suffer the biggest “stagflationary” shock in decades.
Netflix maintained its 2025 guidance. There’s a catch
Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023. Joan Cros | Nurphoto | Getty Images Netflix executives messaged Thursday that all is well with the business in the face of economic turbulence. But its full-year outlook tells a slightly more nuanced story. Netflix posted […]
If Trump fires Powell, it would blindside Wall Street and rattle financial markets
Removing the chair of the central bank is “just not done in a major developed country,” strategist warns, and consequences for U.S. financial markets could be severe.
Netflix (NFLX) earnings Q1 2025
LOS ANGELES, CALIFORNIA – JUNE 12: CEO of Netflix Ted Sarandos attends Netflix’s FYSEE event for “Squid Game” at Raleigh Studios Hollywood on June 12, 2022 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for Netflix) Charley Gallay | Getty Images Entertainment | Getty Images Netflix posted a major earnings beat on Thursday, as […]
Market volatility fuels record revenue for Schwab, and stock surges
Broker says higher trading volumes have continued in early April
American Express cardholders still spending despite Trump tariffs
American Express‘s affluent cardmembers are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of leap year, the company reported Thursday, which shows that the […]
Eli Lilly weight loss pill orforglipron clears first late-stage trial
Eli Lilly on Thursday said its daily obesity pill met the company’s goals in the first of several late-stage trials, helping patients with Type 2 diabetes lower their blood sugar and body weight and showing safety comparable with popular injections on the market. The trial results are among the pharmaceutical industry’s most closely watched studies […]
Coinbase gets regulatory notice for crypto accounting move that MarketWatch called out months ago
SEC tells company not to use individually tailored accounting metrics or ones that may be misleading.
JPMorgan Chase infinite money glitch: Bank sues more customers
A person uses an ATM at a Chase bank in New York City on November 19, 2024. Charly Triballeau | AFP | Getty Images JPMorgan Chase this week began suing more customers it has accused of stealing funds from the nation’s largest bank in last year’s so-called infinite money glitch. The bank is now going […]
Is the stock market open on Good Friday? Does the post office deliver mail?
Bond markets will close early on Thursday. Here’s what else you need to know.
