Wall Street analysts really liked what they saw out of Netflix’s latest quarterly figures. Netflix reported fourth-quarter earnings of $4.27 per share on revenue of $10.25 billion, exceeding LSEG estimates of $4.20 on $10.11 billion in revenue. Netflix’s paid memberships swelled by a record 19 million — with paid memberships now topping 300 million. The results sent Netflix shares surging 14% in the premarket and prompted rating changes from some analysts covering the streaming giant. Canaccord Genuity and Barclays rewarded Netflix by respectively upgrading the stock to a buy from hold rating and to an equal weight from underweight rating.…
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LONDON, UNITED KINGDOM – MARCH 30: Prince Harry, Duke of Sussex arrives at the Royal Courts of Justice on March 30, 2023 in London, England. (Photo by Max Mumby/Indigo/Getty Images)Max Mumby/indigo | Getty Images News | Getty ImagesPrince Harry settled his privacy claim against Rupert Murdoch’s UK newspaper group on Wednesday after the publisher admitted unlawful actions at its Sun tabloid for the first time, bringing the fiercely-contested legal battle to a dramatic end. In a stunning victory for Harry, 40, the younger son of King Charles, News Group Newspapers (NGN), publisher of The Sun and the now-defunct News of…
Doug Gurr, Amazon’s former U.K. head, has been appointed chair of the Competition and Markets Authority.David M. Benett | Getty Images for AmazonLONDON — The British competition regulator tapped a top former Amazon executive as its new chair after facing accusations from Prime Minister Keir Starmer of stifling growth.The Competition and Markets Authority announced late Tuesday that Doug Gurr, who was previously country manager for Amazon U.K. and president of Amazon China, would serve as its interim chair replacing Marcus Bokkerink.The move follows a meeting between CMA Chief Executive Sarah Cardell and other regulators with British Finance Minister Rachel Reeves…
Prince Harry’s lawyer announced on Wednesday that he had reached a settlement with Rupert Murdoch’s British tabloids over accusations of unlawful information gathering, an abrupt, anticlimactic end to a case that Harry had cast as a last chance to hold the tabloids to account for years of predatory behavior.The settlement, announced the day after the long-awaited trial was scheduled to begin, spared News Group Newspapers from damaging testimony about phone hacking and other unlawful methods it allegedly used more than a decade ago to ferret out information about Harry and other prominent figures. News Group denies the allegations.It also spared…
Artificial intelligence is the topic du jour at this year’s World Economic Forum Annual Meeting — a major gathering of political and corporate leaders — in Davos, Switzerland.Fabrice Coffrini | AFP / Getty ImagesOf all the corporate buzzwords, artificial intelligence is by far the one that’s been on every major corporate leader’s lips at this year’s World Economic Forum gathering in Davos, Switzerland.Numerous big-name company CEOs and investors in industries spanning financial services to marketing talked up the potential of AI technology. Here’s a compilation of quotes from some of the top corporate leaders attending the WEF annual meeting this…
Spanish Prime Minister Pedro Sanchez speaks at a press conference in Kunshan, Jiangsu province, China September 11, 2024. Xihao Jiang | ReutersA trade war is not in the interest of the European Union or the U.S., Spain’s prime minister told CNBC Wednesday.”We share a strong transatlantic bond … our economies are very interlinked and I believe a trade war is not in the interest [of either party], neither for the U.S., neither for the European Union,” Pedro Sanchez told CNBC’s Steve Sedgwick on the sidelines of the World Economic Forum in Davos, Switzerland.”A trade war is a kind of a zero-sum…
Europe will respond to any tariffs imposed by U.S. President Donald Trump in a proportionate way, the European Union’s commissioner for the economy told CNBC on Wednesday.”If there is a need to defend our economic interests, we will be responding in a proportionate way,” Valdis Dombrovskis told CNBC’s Steve Sedgwick on the sidelines of the World Economic Forum in Davos, Switzerland.”We’re ready to defend our values and also our interests and rights if that becomes necessary,” he added.Since his inauguration on Monday, Trump has repeated his threat to impose tariffs on EU goods entering the United States, telling reporters that…
European Union flags flutter on the day European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council’s monetary policy meeting in Frankfurt, Germany September 12, 2024. Jana Rodenbusch | ReutersThe European Central Bank is “not overly concerned” by the impact of inflation abroad on the euro zone, the institution’s President Christine Lagarde told CNBC Wednesday. Asked about the potential effect on Europe if inflation resurges in the U.S., Lagarde said: “If there is reigniting of inflation in the United States it will be an issue for the United States for sure, that is where the first and…
Trump’s opponents started pushing backPresident Trump’s adversaries made their first move yesterday as 22 states sued to block him from denying citizenship rights to the children of unauthorized immigrants. It was the beginning of what was expected to be a long legal battle over immigration.Two of America’s most prominent far-right extremists, Enrique Tarrio of the Proud Boys and Stewart Rhodes of the Oath Keepers militia, left prison. They were freed as part of Trump’s sweeping legal reprieves for all of the nearly 1,600 people charged in connection with the Jan. 6 attack on the Capitol.During his first full day in…
Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Dec. 12, 2024. Bloomberg | Bloomberg | Getty ImagesEurope must “be prepared” and anticipate the potential trade tariffs of newly inaugurated U.S. President Donald Trump, European Central Bank President Christine Lagarde told CNBC on Wednesday.”What we need to do here in Europe is to be prepared, and anticipate what will happen in order to respond,” she told CNBC’s Karen Tso. This is a breaking news story and will be updated shortly.Follow CNBC International on Twitter and Facebook. Source link
