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Created: Wed, 20 Jan 2021 00:05:48 GMT
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Investors want Disney to use excess capital for more streaming video, while Netflix suggests it may start buying back stock as it turns cash-flow positive.
Read more: Netflix and Disney are trading places: Disney is the upstart, Netflix the old guard
Created: Wed, 20 Jan 2021 00:12:02 GMT
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Trump praised his administration's efforts to combat the coronavirus pandemic, the death toll of which topped 400,000 earlier Tuesday.
Created: Wed, 20 Jan 2021 00:07:41 GMT
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The new company's plans come as legacy automakers are struggling to convince Wall Street that they can compete against Tesla and a host of new EV start-ups.
Read more: From Jeep to Maserati, Stellantis to roll out 10 new EV models in 2021
Created: Tue, 19 Jan 2021 21:57:51 GMT
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Joe Biden will deliver an inauguration speech centered on unity as the U.S. faces one of its most chaotic transfers of power.
Read more: Biden's inauguration speech to stress unity amid a national crisis
Created: Wed, 20 Jan 2021 01:07:50 GMT
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Netflix said it will end a decade-long cash-burning narrative that worried skeptics but didn't faze Wall Street.
Read more: Netflix will consider buybacks as it returns to positive cash flow after 2021
Created: Tue, 19 Jan 2021 21:18:50 GMT
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"I'm really optimistic about how these variants are going to go," Dr. Rochelle Walensky, the incoming CDC director, told the JAMA Network on Tuesday.
Created: Tue, 19 Jan 2021 23:53:19 GMT
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The company said it is close to being free cash flow positive and will consider returning cash to shareholders through buybacks.
Read more: Netflix shares rise on strong subscriber growth, considers share buybacks
Created: Tue, 19 Jan 2021 22:48:33 GMT
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An audience of mostly friendly legislators questioned Yellen across a variety of topics.
Read more: Five key takeaways from Janet Yellen's Treasury confirmation hearing
Created: Tue, 19 Jan 2021 22:27:36 GMT
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Biden is scheduled to deliver additional remarks later Tuesday at the Lincoln Memorial in a ceremony honoring the victims of the coronavirus.
Read more: Biden delivers emotional tribute to Delaware and his late son on eve of inauguration
Created: Tue, 19 Jan 2021 20:51:47 GMT
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Dr. Rochelle Walensky, Biden's incoming CDC director, said she intends to revamp the agency's public communications strategy.
Created: Tue, 19 Jan 2021 23:26:15 GMT
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President-elect Joe Biden's housing agenda is focused on affordability. Changes to mortgage lending and home construction will be key.
Read more: Biden looks to give a big boost to homebuyers and builders
Created: Tue, 19 Jan 2021 19:58:58 GMT
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As Joe Biden prepares to be inaugurated, prosecutors are ramping up arrests of supporters of President Donald Trump related to alleged violence.
Created: Tue, 19 Jan 2021 19:38:46 GMT
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President-elect Joe Biden said his plan includes reopening a majority of kindergarten-to-eighth-grade schools within the first 100 days in office.
Read more: Teachers are next in line for the Covid vaccine, paving the way for schools to reopen
Created: Tue, 19 Jan 2021 19:26:37 GMT
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Elon Musk's SpaceX bought two deepwater oil rigs last year and is converting them into floating launchpads for its Starship rocket.
Created: Tue, 19 Jan 2021 17:28:27 GMT
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From clean energy to cloud computing, thematic ETFs are set to continue their explosive growth in the new year, three market analysts say.
Read more: Clean energy will be a top theme in ETFs this year, market analysts say
Created: Tue, 19 Jan 2021 18:45:23 GMT
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McConnell's remarks came as he and Senate Minority Leader Chuck Schumer work to hash out details on Trump's impending impeachment trial.
Read more: Trump provoked deadly Capitol riot, Senate GOP leader Mitch McConnell says
Created: Tue, 19 Jan 2021 22:31:21 GMT
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The Senate will deal with a 50-50 split, President Trump's impeachment trial and confirmation of President-elect Joe Biden's Cabinet.
Read more: Schumer and McConnell move to set rules for deadlocked Senate, Trump impeachment trial
Created: Wed, 20 Jan 2021 00:33:50 GMT
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Trump since losing the election to Joe Biden has issued pardons to political allies, such as Paul Manafort and Michael Flynn, and several dozen others.
Read more: Trump pardons expected in final hours of his presidency
Created: Tue, 19 Jan 2021 18:23:47 GMT
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Rivian has raised about about $8 billion since 2019 as the company moves closer to production of an all-electric pickup and SUV.
Read more: EV start-up Rivian raises $2.65 billion in new funding round led by T. Rowe Price
Created: Tue, 19 Jan 2021 15:29:35 GMT
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"We can't lose sight of that and just take for granted that everyone wants this vaccine," the former FDA chief told CNBC.
Created: Tue, 19 Jan 2021 15:09:35 GMT
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Janet Yellen faces the Senate Finance Committee on Tuesday for her confirmation hearing to the post of Treasury Secretary.
Read more: Watch Janet Yellen speak live during her confirmation hearing as Treasury Secretary
Created: Tue, 19 Jan 2021 17:06:49 GMT
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Airlines are carrying fewer people but bad behavior is on the rise.
Created: Tue, 19 Jan 2021 16:27:12 GMT
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Newly combined ViacomCBS is set to launch its streaming service Paramount+ in the U.S. on March 4, the company announced Tuesday.
Created: Tue, 19 Jan 2021 16:36:35 GMT
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Stellantis – the merged automaker of Fiat Chrysler and France-based Groupe PSA – is the world's fourth-largest automaker by volume.
Created: Tue, 19 Jan 2021 14:00:01 GMT
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The Dine Brands chain is hoping to entice customers with the easy portability of the burritos and bowls, which will be available all day.
Read more: IHOP introduces burritos and bowls in push for more takeout customers
Created: Tue, 19 Jan 2021 13:07:54 GMT
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The stocks making the biggest moves in premarket trading include Goldman Sachs, Bank of America, GE, and more.
Created: Tue, 19 Jan 2021 21:17:48 GMT
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Goldman equities traders produced a 40% bump in revenue from a year earlier to $2.39 billion, exceeding expectations by nearly half a billion dollars.
Created: Tue, 19 Jan 2021 21:16:35 GMT
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Bank of America revenue of $20.2 billion fell short of the $20.7 billion expected by Wall Street analysts.
Created: Tue, 19 Jan 2021 20:50:03 GMT
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U.S. Treasury yields were flat on Tuesday, as traders digested comments from Treasury Secretary nominee Janet Yellen.
Read more: Treasury yields flat as investors gauge Yellen comments
Created: Tue, 19 Jan 2021 12:19:24 GMT
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Biden Covid advisor Dr. Celine Gounder said the New York governor's request to buy the Pfizer vaccine directly could cause more problems than it solves.
Read more: Biden Covid advisor challenges Cuomo's letter to buy vaccine directly from Pfizer