Netflix earnings beat the Street, but the stock is down. What disappointed Wall Street in the report

Netflix earnings beat the Street, but the stock is down. What disappointed Wall Street in the report

Analysts across Wall Street cut their Netflix price targets after the streamer delivered a narrow fourth-quarter earnings and revenue beat but highlighted other areas of concern, such as slowing momentum in average viewing hours per member. Netflix earned 56 cents per share on $12.05 billion in revenue. That slightly exceeded the 55 cents per share…

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Edinburgh Worldwide investors reject Saba plan to oust board

Edinburgh Worldwide investors reject Saba plan to oust board

Shareholders in a Baillie Gifford closed-end investment fund have rejected plans by activist investor Boaz Weinstein’s hedge fund Saba Capital to oust the board. At a general meeting on Tuesday requisitioned by Saba, 53.2% of votes cast rejected the plan to cull six Edinburgh Worldwide Investment Trust directors and replace them with three Saba-backed candidates….

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Scott Bessent ‘not concerned’ by sell-off: Denmark is irrelevant

Scott Bessent ‘not concerned’ by sell-off: Denmark is irrelevant

“Denmark’s investment in U.S. Treasury bonds, like Denmark itself, is irrelevant,” U.S. Treasury Secretary Scott Bessent told reporters at Davos on Wednesday. The “sell America” trade was in full swing Tuesday after President Donald Trump and European leaders escalated tensions over Greenland. U.S. stocks and bond prices tumbled, sending yields spiking. It comes as Trump’s threats to impose 10% tariffs on eight European countries as…

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