Netflix has turned to aggressive promotions and discounts in India as it tries to gain ground on Amazon and Disney after investing heavily in the country’s promising but fiercely competitive streaming market. Viewers in India will be able to watch Netflix content for free on Saturday and Sunday this week as part of a so-called
Investing
The S&P 500 suffered a late-afternoon sell-off on Thursday, after reports emerged that Pfizer had cut in half the number of Covid-19 vaccines it expects to ship this year due to supply chain issues. Southwest Airlines warned more than 6,800 employees that they could be furloughed next spring — potentially the first job losses in
Have you ever heard coworkers talking around the water cooler about a hot tip on a bond? No, we didn’t think so. Tracking bonds can often be about as thrilling as watching the grass grow, whereas watching stocks can have some investors as excited as NFL fans during the Super Bowl. However, don’t let the
John Williams, left, and his dad Terry, right, both of Salem, carry a large Christmas Tree out of the field together at Tucker Tree Farm in Salem, Oregon, November 29, 2020. Alisha Jucevic | Reuters Tree retailers are having a spirited season this year, as Americans staying closer to home due to the coronavirus pandemic
The chief executive of electric sports car group Rimac Automobili has lambasted the recent popularity to list through blank-cheque companies, which have become one of the year’s hottest investment phenomenons. Many of the takeovers by special purpose acquisition companies, or Spacs, which are set up specifically to float private groups, would likely fail, said Mate
Donald Trump has mounted an aggressive but unsuccessful legal effort to undo Joe Biden’s victory in the presidential election, launching lawsuits in key battleground states that have mostly been dismissed by courts. The outgoing president has claimed widespread fraud in the November 3 election but has provided no substantial evidence to back up his extraordinary
Bitcoin prices are up 300% since March, showing a dramatic breakout even as other markets have gone lower. With bitcoin holding 66% of the total crypto market cap, experts point to bitcoin’s maturity as one reason for its strength. Bitcoin has rallied over 75% since early September. During that same time period, both gold and
When Jair Bolsonaro became Brazil’s president two years ago, he promised to ditch the “old politics” of horse-trading and backroom deals that have long dominated governance in Latin America’s largest country. Any hope such promises could be fulfilled were buried this week, however, with victory in local elections for a slew of centrist political parties,
Cyber attackers have targeted the cold supply chain needed to deliver Covid-19 vaccines, according to a report detailing a sophisticated operation likely backed by a nation state. The hackers appeared to be trying to disrupt or steal information about the vital processes to keep vaccines cold as they travel from factories to hospitals and doctors’
At the end of the second quarter 2018, the United States’ trade deficit increased to its highest level since 2008. This was due to a steady rise in imports that was, in turn, fueled by strong domestic demand. According to the Bureau of Economic Analysis, the U.S. trade deficit reached $63.9 billion in September 2020, down $3.2 billion
The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The chief operating officer of Jeff Bezos’ private space company Blue Origin is leaving, the company confirmed to CNBC on Wednesday. Blue Origin CEO Bob Smith wrote in an e-mail to the company that COO Terry Benedict’s last day
Taiwan’s president will kick off a campaign to woo the incoming Biden administration on Thursday as Taipei fights to preserve the strongest support it has enjoyed from its unofficial protector in more than 40 years. In remarks to be delivered virtually to three US think-tanks over the coming week, Tsai Ing-wen will call for Washington
Peter Wells in New York Illinois on Wednesday reported its biggest one-day jump in coronavirus deaths of the pandemic, while new cases remain below recent record highs. Daily deaths, which tend to lag cases and hospital admissions, have hit high or record levels in several Midwest states in recent days, but encouraging trends for most
Investors sprinted into December ready to buy stocks, and buy they did. The S&P 500 closed at a fresh record high and the Nasdaq crossed into one early in the trading session. Market gains were led by regional banks — which are a key component of a cyclical bull market — and travel stocks. Oil and energy stocks, which
The US is heading for the toughest three months in its public health history, the head of the country’s public health organisation has warned, with officials braced for another surge in coronavirus cases and hospitalisations following last week’s Thanksgiving holiday. Robert Redfield, the director of the Centers for Disease Control and Prevention, or CDC, said
The UN’s World Meteorological Organisation has declared the hottest decade on record during 2011 to 2020, with the past year set to be among the top three warmest years. The Earth’s average temperature in 2020 was about 1.2C higher than the 1850-1900 average, according to the latest research published on Wednesday, as global warming becomes
With home ownership seemingly out of reach for many young people today, parents may wonder whether they should just give their house to their children at some point? It might be a consideration, for example, if the parents plan to downsize to a new condo or make a former vacation home their full-time residence. However,
SoftBank has decided to unwind its large US equity options trades, pulling back from a controversial strategy that has cost the group $2.7bn in derivatives losses and earned it the nickname “Nasdaq whale”. The move comes after both investors and employees raised questions about the governance of the unit, which allows Masayoshi Son, SoftBank’s founder,
“This is Aran, but it’s not your bog-standard Aran,” says Tarlach de Blácam, co-founder of the Irish knitwear label Inis Meáin. He is referring to a sumptuously soft, shawl-collar cashmere and merino sweater with diamond and ropey patterns snaking through it. “It’s not the type of Aran that’s stereotyped, copied and reproduced all over the world.
Fidelity and TD Ameritrade are among our top-ranking brokers for 2020. Both have websites packed with helpful features, news feeds, research, and educational tools. The two brokers also offer intuitive web-based, mobile, and desktop platforms to address the needs of both casual investors and frequent traders. Account Minimum: $0 Fees: $0 for stock/ETF trades, $0
Salesforce on Tuesday capped cloud computing’s 2020 work-from-home boom with an announcement that it would pay $27.7bn for workplace chat app Slack, setting up a battle with Microsoft for pole position in one of the hottest corners of the tech market. The cash and stock deal is the largest in the soaring cloud software industry,
Covid-related growth rates are spiking. And it’s not just the virus. A few months ago, The Wall Street Journal reported that retail-investing volumes had climbed 30% on a year-over-year in the first half of 2020 to nearly 20% of all trades. One young client commented that “everyone and his uncle is trading their accounts constantly.”
Peter Wells The US on Tuesday had its biggest one-day jump in coronavirus deaths in nearly seven months, while hospitalisations reached a record of more than 98,000. States attributed a further 2,473 deaths to coronavirus, more than double Monday’s increase of 1,136, according to Covid Tracking Project data. It was the biggest one-day jump in fatalities
Charles Schwab helped revolutionize the brokerage industry when, in 1975, it became one of the first firms to offer discounted stock trades. This move allowed American investors to buy stocks with sharply lower commissions that those charged by Wall Street investment houses. E*TRADE had an equally disruptive impact in the 1990s as the first broker
Companies listed on Nasdaq should have at least two “diverse” board directors under new rules proposed by the exchange on Tuesday, in a potentially significant expansion of a global movement to force companies to shed white, all-male leadership teams. The move comes after the state of California introduced mandatory gender quotas this year, and Germany
Debenhams will be liquidated in the new year with the probable loss of more than 12,000 jobs, bringing 200 years of retail history to an ignominious end and compounding the crisis on the UK high street. The department store chain’s fate was sealed on Tuesday when JD Sports decided not to launch a rescue bid.
E*TRADE and TD Ameritrade have followed similar paths over the last three decades, all the way up to being acquired in October 2020. Their track records of trustworthiness and efficient order execution date back to the advent of online trading in the early 1990s. These financial powerhouses have grown exponentially in customer base and service
Veteran Silicon Valley venture capitalist Michael Moritz will be the next chairman of Klarna as the Swedish fintech continues its push into the US by considering becoming a bank there ahead of a likely stock market listing. Sir Michael, a partner at one of Klarna’s earliest investors Sequoia Capital, has been a director at the
The UK is set to suffer more economic pain from the coronavirus crisis than any other leading economy apart from Argentina, the OECD said on Tuesday, highlighting the spread of the virus and deep downturn across Britain. In its twice-yearly economic outlook, the Paris-based international organisation said that the world economy would on average regain
Nutmeg provides United Kingdom residents with algorithmic and human financial services for multiple account types, including Lifetime Individual Savings Accounts (ISAs) which are eligible for a 25% government bonus, regular ISAs that are tax-free up to £20,000 per year, and employer-matched Personal Pensions. A Junior TSA account was added early in 2020. Nutmeg switched from