Friday , 18 January 2019

Business News

Here's what every major analyst had to say about Netflix's mixed earnings report

Netflix shares fell Friday after the company reported mixed earnings, beating on subscriber growth but missing on revenue. But the stock will soon recover if major analysts are to be believed. The shares dropped 3.9 percent, trading at $339.21, after making an attempt shortly after the opening bell to trade in the green. Most major analysts remained mostly bullish on …

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Small caps just did something they haven't in three decades

The Russell 2000 is having its best start to the year since 1987. The index of small-cap stocks has gained more than 8 percent year to date — a far cry from its 2018 performance, when the index saw its worst annual loss since the financial crisis. But the recent strength may just be a head fake. According to …

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CVS, Walmart reach an agreement on a pharmacy contract after impasse

Walmart, the world’s largest retailer, will remain part of CVS Health’s network for commercial and Medicaid pharmacy customers, the companies said on Friday, breaking a contract impasse disclosed earlier this week. The companies did not provide financial terms of the new contract. On Tuesday, CVS said the companies had failed to agree on pricing and that Walmart was leaving the …

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Huawei could be banned from 5G in Germany

The German government is considering banning Huawei from providing 5G equipment in the country saying security concerns are of “high relevance.” The German Federal Foreign Office confirmed to CNBC an internal meeting about Huawei was held on Thursday. “The security of the future 5G network is of high relevance to the Federal Government. The Federal Government will be guided by …

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Brexit row erupts as opposition party rejects Theresa May's offer for talks

The British government has insisted that cross-party talks to find a consensus on Theresa May‘s Brexit plans have been “constructive,” despite the refusal of Labour leader Jeremy Corbyn to engage in discussions with the prime minister unless she categorically rules out the possibility of the U.K. leaving the European Union without a deal. As leader of the largest opposition party …

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Dow jumps 200 points after China offers a way to eliminate US trade imbalance

Stocks rose on Friday as investors cheered potential progress in trade negotiations between China and the U.S. The Dow Jones Industrial Average rose 211 points, led by gains in Chevron and Boeing. The S&P 500 climbed 0.8 percent, trading out of correction territory, as the energy and industrials sectors outperformed. The Nasdaq Composite advanced 0.6 percent. The major averages jumped …

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