The chorus of voices warning against a US debt ceiling induced default is growing.
Shares of Netflix Inc. (NASDAQ: NFLX) touched a new life-time high of $304.79 on Wednesday after the online movie rental major jacked up its prices for DVD and streaming services. Though the subscribers blasted Netflix for raising its prices, investors welcomed the move as it will help save the company millions of dollars in streaming costs.
A Chinese-government affiliate ratings agency, Moody's, Warren Buffett, and Federal Reserve Chairman Ben Bernanke all warned lawmakers and Obama on the looming US debt ceiling.
During his bi-annual monetary testimony before Congress, Federal Reserve Chairman Ben Bernanke was confronted by none other than die-hard Libertarian Ron Paul.
Credit-rating service Moody's said that it is putting the U.S. government on review. Our government may see a downgrade from its Aaa bond rating because of the increasing possibility that the debt ceiling will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and notes.
Moody's has put the U.S. government's bond rating on watch for possible downgrade.
It's true that Netflix has raised the price of its DVD rentals and online movie packages by 60 percent, removing the cheap streaming and DVD option, but their new plans aren't really that bad. The latest plan for both DVD rentals (one at a time) and unlimited streaming was a bargain at $9.99, a steal even. And although the price is now $15.98 a month, it's not the only option.The only qualm we foresee with this is that the streaming option may not provide full access to all new rel...
Still doubt the good faith and credit of the U.S. Government? Consider this: in June, PIMCO's Bill Gross, the head of the world's largest bond fund, increased his holdings of U.S. Treasury bonds, commonly known as Treasuries.
Netflix Inc. announced significant price increases by separating unlimited streaming plus unlimited DVD plans into separate packages, and hiking the price of the DVD plans.
Electronic Arts (NASDAQ:ERTS) said Tuesday it agreed to buy PopCap Games for as much as $1.3 billion in cash and stock to boost its digital gaming business.
Netflix has increased its monthly fee by 60 percent for the DVD and Online subscription.
Netflix customers upset by rising rates are taking their concerns to the internet. At 8:30pm, EST, there were some 11,000 comments on Netflix's Facebook page, decrying the price increase.
NYC officials are in talks over new privately funded parking technology to bring the cities' tradition parking meters into the 21st century.
The U.S. trade shortage rose 15 percent to $50.2 billion in May, a record high since October 2008, as oil prices and imports skyrocketed according to a report release by the Commerce Department.
Technology giants like Apple, Google, IBM, Microsoft and China Mobile lead the list of top global brands.
There are some stocks that can thrive in this uncertain economic environment and Apple (NASDAQ:AAPL) is one of them
The top after-market NASDAQ Stock Market gainers are: Radiant Systems, Clean Energy Fuels, Idenix Pharmaceuticals, Micromet, and Nasdaq OMX Group. The top after-market NASDAQ Stock Market losers are: Microchip Technology, Novellus Systems, China Gerui Advanced Materials Group, KLA-Tencor, and Intersil.
The United States' leading producer of aluminum, Alcoa Inc. (AA) has reported on Monday a steep incline in earnings and revenue thanks to sky-high aluminum prices, more than doubling in profit and exceeding estimates.
Cisco is planning a massive job cut that could mean about 5000 employees could lose their jobs in August, according to an analyst at Gleacher and Company.
The top pre-market NASDAQ Stock Market gainers are: Kandi Technologies, Micromet, SIRIUS XM Radio, Lam Research, and Camtek. The top pre-market NASDAQ Stock Market losers are: Aixtron, Geron, GT Solar International, Sina, and Vodafone Group.
The market smells blood in Italy and the Italian authorities are afraid.
President Obama said today that a debt deal with Congress needs to be devised within the next 10 days and will meet with top lawmakers at the White House tonight. Aides aid that the president will make one last push for major deficit reduction deals.
The June jobs report was horrible. The US economy only added 18,000 jobs, the lowest in 9 months, and the unemployment rate climbed to 9.2 percent.
With the last launch of the space shuttle Atlantis, what is the future of space travel?
Google was downgraded on Friday after analysts expressed concerns over the company's spending and non-core businesses, sending shares of the Internet giant plummeting.
A sum of the parts (SOTP) analysis by RBC Capital Markets says HP is trading materially below its SOTP price of $52 to $55 a share.
The world's largest economy continued to create jobs a tepid rate in June, adding just 18,000 jobs, when economists were expected a gain of about 105,000. The sub-par job growth rate increases concern that the economy may enter a double-dip recession.
The companies whose shares are moving in pre-market trade on Friday are: Travelers Companies, Chesapeake Energy, Analog Devices, Frontier Communications, TJX Companies, Marathon Petroleum, United Technologies, MEMC Electronic Materials, Google, Kohl's and Denbury Resources.
The top pre-market NASDAQ Stock Market gainers are: Amylin Pharmaceuticals, Geron, Alkermes, Intersil, and SodaStream International. The top pre-market NASDAQ Stock Market losers are: Ixia, SemiLEDs, Aixtron, Cree, Virgin Media, ARM Holdings, and Google.
The top after-market NASDAQ Stock Market gainers are: Amylin Pharmaceuticals, Alkermes, China Auto Logistic, Optimer Pharmaceuticals, and Vitacost.com. The top after-market NASDAQ Stock Market losers are: Ixia, SemiLEDs, Life Partners Holdings, Multi-Fineline Electronix, and DragonWave.
