Author: Alphonse Elrick

Netflix reported its second-quarter earnings on Thursday, demonstrating its dominance in the streaming industry with a significant increase in global subscribers and significant growth in its ad-supported subscription model. The streaming giant saw a 34% increase in ad-supported subscriptions during this period compared to the same quarter last year. Advertising has become a crucial revenue stream for media companies looking to improve, or even achieve, profitability in streaming. Netflix shares have benefited recently from efforts to attract subscribers to its most affordable ad-supported tier, along with moves to limit password sharing. Here's a breakdown of Netflix's performance for the quarter ended June 30, versus Wall Street forecasts: Earning per share: $4.88 vs. $4.74 forecast by...

In an interview with Bloomberg Businessweek, Republican presidential candidate and former U.S. President Donald Trump said he would allow Federal Reserve Chairman Jerome Powell to complete his term if he won the upcoming November election. “I would let him do it, especially if I thought he was doing the right thing,” Trump said. President Joe Biden reappointed Powell to a second four-year term as head of the Federal Reserve in May 2022. Powell, who is also Fed chairman, will remain in that role until January 31, 2028. The statement represents a significant shift for Trump, who previously clashed with Powell during his presidency. Powell, who began his term as Fed chairman in February 2018, has often been criticized by Trump for his approach to interest rate policy. In 2019, Trump openly c...

Several stocks have seen significant mid-day changes in the market today. Among them are CrowdStrike, Plug Power, and Comerica. Here's a closer look at the major players making headlines. Crowd Strike (CRWD) CrowdStrike has seen a substantial increase in its stock price, driven by an upbeat earnings report that beat Wall Street expectations. The cybersecurity company reported stronger-than-expected revenue growth and issued positive guidance for the coming quarters. Investors responded favorably to the company’s solid performance and upbeat outlook, sending its shares up more than 10% at midday. Plug power supply (PLUG) Plug Power shares fell sharply after reporting their quarterly earnings. The hydrogen fuel cell company reported a wider-than-expected loss, disappointing i...

Chicago – United Airlines reported a solid second quarter, driven by rising demand for international travel. However, the carrier’s less-than-stellar third-quarter outlook cast a shadow over its otherwise strong performance. The airline's Q2 earnings beat analysts' expectations, fueled by a 23% increase in profits from a year earlier. The growth was attributed primarily to a resurgence in international travel, a trend that has been a boon to the industry since the pandemic. Despite solid quarterly results, United’s third-quarter forecast fell short of Wall Street projections. The disappointment was largely attributed to overcapacity issues across the industry, which put downward pressure on fares. To counter these challenges, United has focused on expanding its premium offerings and optim...