Check out the companies making headlines before the bell: Netflix – Netflix shares are under pressure, after its membership growth numbers came in well below analysts’ forecasts. The video streaming service reported quarterly profit of 85 cents a share, beating the consensus estimate of 79 cents a share. Revenue was below Street forecasts. UnitedHealth – […]
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Netflix shares were downgraded by Deutsche Bank from “buy” to “hold’ on Tuesday, following the streaming company’s huge second quarter subscriber miss on Monday. “The slowdown in growth is not thesis changing, but does require a re-evaluation of value and consideration of the stock’s year to date appreciation from $200 per share,” Deutsche Bank said […]
Read moreIBM has teamed up with financial technology start-up Stronghold to launch a cryptocurrency that’s pegged to the U.S. dollar. The tech giant has put its weight behind a so-called “stablecoin,” a digital token that, in principle, is tied to an existing government-backed currency, in order to reduce the volatility associated with virtual currencies. In this […]
Read moreZimbabwe’s historic election on July 30, its first without former leader Robert Mugabe on the ticket in nearly four decades, is a major olive branch aimed at the West. President Emmerson Mnangagwa, who took power last November, is attempting to bring the southern African pariah state back into the international community and repair its crumbling […]
Read moreOne of Virgin’s space companies is gearing up to launch rockets from the U.K. by 2021. Virgin Orbit, spun off from Virgin Galactic last year, has sealed a deal with the U.K. Space Agency to launch its LauncherOne rocket via Cosmic Girl, a modified Boeing 747-400 plane. The deal, signed at the Farnborough Airshow in […]
Read moreArtificial intelligence (AI) and related technologies will generate as many jobs in the U.K. as they displace over the next 20 years, according to analysis published Tuesday by audit firm PwC. The research states that while AI could displace roughly 7 million jobs in the country, it could also create 7.2 million jobs, resulting in […]
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‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit
President Donald Trump’s siding with Russian President Vladimir Putin rather than his own intelligence services — who said Russia had meddled in the U.S. election in 2016 — has prompted a litany of eye-grabbing headlines in the press. Trump’s summit with Putin in Helsinki, Finland, on Monday saw the leaders chat in private before a […]
Read moreDespite a slowdown in growth and trade tensions, there are “enormous” and “stunning” opportunities in China, particularly in Fintech, an investment manager said Tuesday. “We love the fintech sector in China today,” Glenn Youngkin, co-CEO at Carlyle Group, told CNBC’s “Squawk Box Europe.” “We think it offers an enormous growth opportunity. The Chinese economy is […]
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Trump's performance at summit with Putin was 'unprecedented,' experts say
President Donald Trump’s performance at a joint news conference with Russian President Vladimir Putin on Monday has drawn criticism from many quarters for his siding with Moscow against the U.S. intelligence community. According to multiple experts, the U.S. leader’s focus appeared to be not on his country’s interests — but rather on his own. “Trump […]
Read moreRetail giant Walmart signed a deal to use Microsoft’s cloud and artificial intelligence technology on Tuesday, deepening a strategic partnership between two of Amazon’s major rivals. The five-year agreement is designed to leverage the full range of Microsoft’s cloud solutions in order to make shopping quicker and easier for customers, Walmart said. The agreement pairs […]
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