Tuesday, 20 October 2020

Netflix misses estimates for new subscribers as pandemic boost slows

Netflix misses estimates for new subscribers as pandemic boost slows

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.

South Korea's pop culture machine boosts Netflix's international growth: source

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 beats user growth and revenue estimates, shares jump 18%

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.

U.S. shale mergers accelerate, as Pioneer-Parsley deal joins roster

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.

Shale producer Pioneer Natural to buy rival Parsley for $4.5 billion in all-stock deal

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. stocks rise, dollar falls, as stimulus hopes revive

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.

Less carbon, more electric vehicles: automakers prepare for potential Biden win

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.

Trump pushes for major COVID-19 deal over Senate Republican objections, Pelosi optimistic

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.

Pelosi says she is 'optimistic' can reach COVID deal with White House

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.

Wall Street shares close higher on stimulus hopes

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.

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U.S. sues Google, says breakup may be needed

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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