Netflix Inc on Tuesday reported fewer paid subscribers than Wall Street expected in the third quarter as streaming competition increased and live sports returned to television.
A zombie drama, a TV series about a supernatural nurse and one about an antisocial children's book author helped turn South Korea into one of Netflix's biggest source of growth in the international markets, a source familiar with the matter said.
Snap Inc , owner of the single-view messaging app Snapchat, on Tuesday beat Wall Street's third-quarter forecasts for user growth and revenue as more people signed up to chat with friends and family during the coronavirus pandemic.
Consolidation in the U.S. shale industry is accelerating, ratcheting up pressure on oil and gas producers to gobble up smaller rivals, analysts and executives said.
Pioneer Natural Resources Co said on Tuesday it would buy smaller rival Parsley Energy Inc in a deal valued at about $4.5 billion, the latest consolidation among U.S. shale producers amid this year's pandemic-driven oil rout.
U.S. equities rallied on Tuesday, fed by investor optimism that a deal would be reached in Washington to provide new relief measures and help the U.S. economy withstand the impact of the coronavirus pandemic.
Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House.
President Donald Trump on Tuesday pushed for a comprehensive COVID-19 relief package, and said he would accept a deal worth more than $2.2 trillion despite opposition to large spending measures among his fellow Republicans in the U.S. Senate.
U.S. House Speaker Nancy Pelosi on Tuesday said she was optimistic Democrats could reach a deal with the Trump administration on additional COVID-19 relief that could get aid out by early next month.
Shares on Wall Street ended higher on Tuesday on growing optimism that talks among U.S. lawmakers are progressing with respect to a U.S. stimulus package aimed at cushioning the economic shock from the coronavirus pandemic.
Joe Biden's tax proposals would hose the rich, but could leave most households worse off, several studies show. That can be fixed by spending in areas like education and housing. But to make the would-be president's tax plan stand unaided, tweaks may be needed, John Foley argues.
The U.S. Justice Department filed an antitrust lawsuit against Alphabet Inc's Google on Tuesday, accusing the $1 trillion company of illegally using its market power to fend off rivals and said nothing was off the table, including a breakup of the internet search and advertising company.
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