Netflix beats expectations and reports stellar growth and forecasts for 2025. China could see 10% tariffs on goods going to the US from next month, which is lower than expected. UK public borrowing figures for Dec likely to weigh on bond market, and put pressure on UK to cut public spending quickly and rapidly.
Netflix is once again raising the price for its streaming service as the brand hits over 300 million subscribers across the globe.
Tech shares led US stocks higher on Wednesday following strong earnings from Netflix and a White House announcement that reignited enthusiasm about
President Donald Trump's boost to AI demand hopes is outweighing fresh tariff threats on China and the EU, as earnings season rolls on.
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Futures show both shares will keep on rising when markets open later on. Netflix is also on the up after reporting solid numbers, you can read the full Netflix report here, as part of our US company results coverage.
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. Netflix surged late on strong earnings while United Airlines and Interactive Brokers rose on results.Late Tuesday,
Any purchase would have to satisfy the government’s national security concerns over its owner, ByteDance, and its ties to China.
The app, which was set to be banned, now has a bit more time to find a home and address national security issues
As TikTok faces a potential ban, various bidders, including Elon Musk and Larry Ellison, are key contenders to buy the platform. Meanwhile, Netflix remains a possible option among streaming giants, though the company has not historically pursued major acquisitions.
Corporate earnings are coming in strong. Investors are also seeing the Trump administration take a less aggressive approach to tariffs than some had expected.
FILE PHOTO: A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. REUTERS/Andrew Kelly/File Photo