Netflix (NFLX) isn’t planning on hiking its US subscription prices just yet, despite streamers from Disney+ to Peacock all raising their respective prices this year. “We try to think about our pricing, not in relationship to competitors, but from the value that we’re delivering to members,” Netflix co-CEO Greg Peters said Thursday during the company’s third quarter earnings call. “We want to have a range of price points. We think that that’s healthy.”The company beat Q3 expectations across the board, adding another 5 million-plus subscribers in the quarter. The stock surged 11% on Friday as a result, lifting shares to…
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Investing.com — Wells Fargo strategists believe that Chinese equities may be “running ahead of reality” following a sharp rally in the country’s stock market. From September 9, 2024, to October 7, 2024, the Index surged nearly 40%, driven by various economic and policy announcements. These moves have sparked investor optimism that the Chinese economy may be on the verge of a genuine recovery, despite its struggles with a prolonged property crisis that has weighed on both consumer and business sentiment. However, Wells Fargo strategists remain unconvinced as they believe the recent recovery is “another false dawn.” They cite several factors,…
Image source: Getty Images The Rolls-Royce Holdings (LSE: RR.) share price has skyrocketed even higher in 2024, up nearly 85% year-to-date. We’re looking at a huge 940% rise since 2020’s low. From a company we feared could go bust, we’re now seeing a 10-bagger for those who got in at the right time. But does it come as a surprise that Rolls-Royce could post the biggest dividend rise in the whole FTSE 100 this year in cash terms? Dividend stars That’s what AJ Bell‘s latest Dividend Dashboard, a regular look at the FTSE 100’s dividend stars, suggests. It found an…
NORTHERN HARDWOODS OF Houghton County will use the state funds for a new biomass boiler and a back-pressure steam turbine at their facility in Atlantic Mine. (Photo courtesy of Northern Hardwoods) LANSING — Gov. Gretchen Whitmer and the Michigan Economic Development Corporation have announced business investment and community revitalization projects in the Upper Peninsula that will represent more than $5.5 million of capital investment and protect 85 jobs. Both Northern Hardwoods Lumber in Houghton County and Cedar Street Real Estate in Schoolcraft County will benefit from MEDC assistance. “Today’s projects will drive more than $5.5 million of investment and protect…
Investing.com — Bear markets, characterized by a decline of more than 20% in the Index, are often viewed with apprehension by investors, but they offer valuable lessons about market behavior and portfolio management. As per analysts at UBS Financial Services, bear markets are an inevitable part of the investment landscape, not something to be feared or avoided. Instead, investors should study bear markets to understand how they function and develop strategies to navigate the volatility they bring. One of the first takeaways from UBS’s note is that bear markets, while disruptive, are relatively rare. Since 1945, the markets have spent…
Image source: Getty Images With a Stocks and Shares ISA, British investors can target high dividend yields without having to worry about taxes. It’s a powerful advantage that, at a 7% payout, could provide £1,400 of passive income each year for every £20,000 saved. And that’s before considering the extra returns provided by capital gains. Unfortunately, dividends aren’t guaranteed. These payments are a way for companies to return excess earnings back to shareholders. And therefore if revenue and profits become compromised so might the secondary income stream for investors. That’s why high dividend yields are often considered to be a…
About a quarter of the investment announced by the government at its summit this week appears to have been secured or initiated before Labour came to power.Ministers touted £63bn of investment at the summit on Monday, where they hosted hundreds of company bosses in a showcase of the UK’s pro-growth policies.Jonathan Reynolds, the business secretary, trumpeted the “record-breaking investment total secured at today’s summit”, while Rachel Reeves, the chancellor, said: “After the investments secured as part of this summit, my optimism for Britain burns brighter than ever.”But a Guardian analysis suggests that £16.5bn of that money had been secured before…
TORONTO (AP) — Three large tobacco companies would pay nearly $24 billion to settle a long-running legal battle in Canada, according to a proposed deal.Philip Morris International said Friday that a court-appointed mediator had filed the proposed settlement with its Canadian affiliate, Rothmans, Benson & Hedges, over tobacco product-related claims and litigation in Canada. Similar deals were also filed covering JTI-Macdonald Corp. and Imperial Tobacco Canada Ltd.“After years of mediation, we welcome this important step towards the resolution of long-pending tobacco product-related litigation in Canada,” Philip Morris International’s CEO Jacek Olczak said in a statement.The three tobacco companies had sought…
SYDNEY (Reuters) – Australia has appointed Britain’s King Charles to the honorary ranks of admiral of the navy, field marshal of the army and marshal of the air force, ahead of a fleet review on Sydney Harbour, Australia’s defence chief said on Saturday. Charles, 75, arrived in Sydney on Friday evening as he makes his inaugural visit to an overseas realm as sovereign, his first major foreign trip since being diagnosed with cancer. He and Queen Camilla have no official events scheduled for Saturday, and were spotted by local media walking the grounds of the historic harbour foreshore residence Admiralty…
Courtroom sketch depicting Judge Tanya Chutkan in an exchange with Donald Trump’s lawyers. Donald Trump on Friday called the judge presiding over his criminal election interference case in Washington, D.C., “the most evil person” for ordering the release of nearly 1,900 pages of previously sealed documents filed by prosecutors.Trump suggested U.S. District Court Judge Tanya Chutkan made the files public to harm the Republican presidential nominee’s chances in November’s election.”Now, it’s a terrible thing, what’s happening, and the judge is, this judge is the most evil person,” Trump said on Dan Bongino’s podcast.”What judge would say, ‘We’re going to release something,…