Category Archives: Markets

Netflix is Cutting Down Prices and Downgrading Its Streaming Library As a Measure to Keep Subscribers From Leaving – Investors Are Not Happy

First American News LLC, Raleigh NC: The streaming service added 8.3 million customers in the last three months of 2021 – short of the 8.5 million that the company had targeted, despite a heavy line-up of new releases such as Don’t Look Up and Red Notice. Shares fell nearly 20% in after-hours trading after the […]

Bond Yields Hit Two-Year High As Stocks End Lower

First American News LLC: Raleigh, NC: U.S. stock indexes fell Tuesday, and bond yields hit two-year highs as investors fretted over whether the Federal Reserve will raise interest rates more quickly and aggressively than expected, said Gaby Mendoza of MB Daily News. Investors, coming off a holiday weekend that had closed markets on Monday, sold […]

Oil Prices Are Hotter Than Ever Despite Geopolitical Tensions

First American News LLC: Raleigh, NC: Crude prices rose to their highest level since the 2014 shale-induced oil crash, a milestone in a rally that is gathering momentum as geopolitical tensions threaten to knock supply, said Gaby Mendoza of MB Daily News. Futures for West Texas Intermediate, the main grade of U.S. crude, added $1.61 […]