Bhinneka News Online: Daily Investor Update: Netflix subscriber adds beat St. as original shows pull in new viewers

Monday, 16 October 2017

Daily Investor Update: Netflix subscriber adds beat St. as original shows pull in new viewers

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Monday, October 16, 2017

Netflix subscriber adds beat St. as original shows pull in new viewers

(Reuters) - Video-streaming pioneer Netflix Inc added more subscribers than expected in the third quarter as original shows such as the latest season of "Narcos" helped attract more viewers.

Wall St. closes at records helped by finance, energy sectors

(Reuters) - Major U.S. stock indexes rose to record high closes on Monday as financial shares recovered from last week's losses and higher oil prices lifted energy shares.

U.S. shale output seen posting 11th straight rise in November: EIA

NEW YORK (Reuters) - U.S. shale production for November is forecast to rise for a 11th consecutive month, the U.S. government said on Monday, as U.S. prices stabilize around $50 a barrel.

China data boosts world stocks and copper; oil jumps

NEW YORK (Reuters) - World stocks rose on Monday and copper touched a three-year high as upbeat Chinese data drove optimism about the world's second biggest economy, while oil prices jumped as an escalation in fighting between the Iraqi government and Kurdish forces threatened supply.

Wells Fargo brokerage to return $3.4 million for risky products

NEW YORK (Reuters) - A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer bank.

Colony Capital injects cash, in talks to buy Weinstein Co

NEW YORK (Reuters) - The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein.

Tough U.S. NAFTA demands send ball back into lobbyists' court

ARLINGTON, Va. (Reuters) - Lobbying efforts on the North American Free Trade Agreement hit a crucial stage this week after the Trump administration ignored the U.S. business community's advice and pitched proposals to radically reshape NAFTA, leaving its future in doubt.

Mexico finance minister says NAFTA uncertainty hitting peso

MEXICO CITY (Reuters) - Mexico's Finance Minister Jose Antonio Meade said on Monday that the peso's recent depreciation reflects uncertainty about the NAFTA renegotiation process and questions about how quickly the U.S. Federal Reserve will normalize rates.

Striking Canadian union approves deal with GM

MONTREAL (Reuters) - General Motors Co. on Monday welcomed the ratification of a new four-year agreement by unionized workers at its SUV plant in Ontario, Canada, ending a near month-long strike.

California extends ban on Wells Fargo business for at least another year

(Reuters) - California will extend sanctions against Wells Fargo & Co for at least another year, Treasurer John Chiang said on Monday, after the state suspended doing business with the bank in 2016 as punishment for a sales practices scandal.