Wall Street Today | Netflix lost fewer subscribers than forecast and expected to win them back quickly
MACRO
BofA Survey Shows Full Investor Capitulation Amid Pessimism
Investors slashed their exposure to risk assets to levels not seen even during the global financial crisis in a sign of full capitulation amid a "dire" economic outlook, according to $Bank of America(BAC.US$ Corp.'s monthly fund manager survey. BofA says inflation is seen falling but the mood is still stagflationary.
Goldman 'Impressed' With Fed's Inflation Moves, Waldron Says
The Federal Reserve is making the right moves to combat surging inflation, $Goldman Sachs(GS.US$ Group Inc. President John Waldron said, marking a turnaround from his questioning of its monetary policies earlier this year. 'You're seeing the Fed move quite aggressively,' he now says.
SECTORS
Strong Dollar Fuels Pullback in Commodity Markets
Prices of oil, metals and agricultural products have tumbled since early June after shooting up in the wake of Russia's invasion of Ukraine. In part, the recent fall reflects investors' fears that a demand-busting recession is around the corner. But it is also because most commodities are priced in dollars. That means a rallying dollar makes them more expensive for buyers around the world and drags on demand.
Cathie Wood's Ark Shutters Transparency ETF in First Closure
The St. Petersburg, Florida-based firm is shutting down its $ARK TRANSPARENCY ETF(CTRU.US$, which launched at the end of last year, according to a regulatory filing. The fund aimed to invest in companies that received high scores on transparency. Ark said in a statement that Transparency Global, which shaped the fund's underlying portfolio, will stop calculating the index at the end of July.
COMPANY
Netflix Lost Fewer Subscribers Than Forecast And Expected to Win Them Back Quickly, Boosting Stock
$Netflix(NFLX.US$ stock jumped 7.8% in after-hours trading Tuesday after the company reported better-than-expected subscriber trends for the second quarter and said it plans to launch an ad-supported subscription tier in early 2023. Growth in the Asian-Pacific region partially offset subscriber losses in the U.S. and Europe.
>> Read more
>> Read more
Twitter-Musk Trial Set for October in Lawsuit Over Stalled $44 Billion Takeover
$Twitter (Delisted)(TWTR.US$ Inc. won its first legal fight against Elon Musk on Tuesday when a Delaware judge granted the company's request to fast-track its lawsuit seeking to compel the world's richest person to complete his $44 billion purchase of the social-media site.
>> Read more
>> Read more
Alphabet Unit Google's YouTube Partners With Shopify to Give Eligible Creators Access to Live Shopping Tools
$Alphabet-A(GOOGL.US$ unit Google's YouTube and $Shopify(SHOP.US$ said Tuesday that they are partnering to make it easier for the Canadian-based company's creators and merchants to display their products across their YouTube channels and content.
>> Read more
>> Read more
Boeing Scores Again as VietJet Confirms Deal for 200 Max Jets
VietJet Aviation JSC confirmed a deal for 200 $Boeing(BA.US$ Co. 737 Max jets, giving the US planemaker another boost at one of the industry's biggest events.
Source: Bloomberg, WSJ, MarketWatch
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
In 10 minutes it’s history. At four I’m a dinosaur!
37KFollowers
26Following
38KVisitors
Follow
102466045 : Nice share
Blue Cat : ok
我只想赚个买菜钱 : OK
持股千百年 : ok
lstan : Ok
forceful Hedgehog_85 : Thanks for the information
1994CM : thanks 4 the information
Stephanie妮妮 : Earn money for a meal
Y2Jack : Sure
Alagbada : Thanks for the information
View more comments...