Netflix Inc. wowed Wall Street with 5.9 million new subscribers Wednesday, but lighter-than-expected revenue and sales projections undercut the company’s stock in extended trading.
Market Extra: Why this real-estate-related corner of the stock market may benefit from AI
Data centers stand to benefit from the rise of artificial intelligence, with generative AI opening up a potentially attractive opportunity within the stock market’s real-estate sector, according to Morgan Stanley’s Laurel Durkay.
The Ratings Game: Rivian’s stock gains as EV sales are ‘ramping well,’ analyst says
Rivian’s stock rose Wednesday after Mizuho’s Vijay Rakesh sees potential for the EV maker to beat its full-year delivery target.
The Tell: Here are 10 reasons why Wall Street’s inevitable recession never arrived
Last year, most major Wall Street analysts and portfolio managers believed the U.S. economy would inevitably slide into recession in 2023 as the Federal Reserve raised interest rates. The only real question was how bad would it get?
The Ratings Game: Disney lacks easy fixes to its numerous challenges, analyst warns
Bob Iger is sticking around for longer in Disney’s top post, and while he has ideas for changes at the company, they won’t necessarily be easy to execute.
The Tell: The liquidity drain isn’t crashing U.S. markets as feared. Here’s a big reason why.
The U.S. stock market hasn’t found a reason to call it quits yet on the 2023 rally, despite a flood of Treasury debt issuance at plump yields which is helping to drain liquidity from financial markets.
: Apple has an AI chatbot up its sleeve: report
As Microsoft and Alphabet duke it out in the world of AI chatbots, Apple may harbor dreams of getting into the game as well.
: Il Makiage parent Oddity Tech’s stock rockets out of the gate in trading debut
Oddity’s stock soared more than 38% out of the gate on Wednesday in its trading debut on Nasdaq.
The Tell: Why one analyst thinks possible recession could still arrive by February
Expectations that the world’s largest economy would tip into a recession haven’t come to fruition — raising doubts about a closely watched indicator.
Banking: Goldman Sachs CEO David Solomon to bring ally Tom Montag on board
Goldman discloses plan to add Tom Montag, a veteran of Bank of America and Goldman Sachs, to its board as a fresh supporter of CEO David Solomon.
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