Netflix stock surges 14% after its Q3 earnings beat targets and it returns to subscriber growth

Netflix benefited from several high-profile releases last quarter, including the fourth season of “Stranger Things” and “Monster: The Jeffrey Dahmer Story.” Netflix Netflix shares surged as much as 14% in premarket trading on Wednesday. The video-streaming titan beat Wall Street’s forecasts for revenue and profit in the third quarter. Netflix added 2.4 million subscribers after…

Investors’ cash pile is the largest in 21 years. Here’s what that means and why it could signal a rally is on the way in 2023.

Good morning. I’m senior editor Max Adams.  There’s a massive amount of cash on the sidelines right now as markets suffer through extreme bouts of volatility and investors remain skittish.  Today we’re taking a look at Bank of America’s monthly survey of fund managers to see what’s going on and what investors’ cash positions can…

In its first 100 days, the James Webb telescope peered deep into space, took beauty shots of faraway galaxies and glittering nebula, and saw a spacecraft slam into an asteroid

The James Webb Space Telescope’s first deep field infrared image, released on July 11, 2022. NASA, ESA, CSA, and STScI The James Webb Space Telescope delivered stunning images of the cosmos in its first 100 days of observation. Snapshots include faraway galaxies, clear views of our solar system, and a successful planetary defense mission. The…

Today’s mortgage and refinance rates: October 19, 2022 | Rates inch down, but volatility remains

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Mortgage rates have fluctuated somewhat this week. Average 30-year fixed rates spiked…

SpaceX’s former talent chief says she took ‘the bad with the good’ when working for Elon Musk. ‘If you mess with the recipe you might mess with the magic.’

SpaceX’s former talent chief says Elon Musk is “arguably” the world’s best leader. Adrees Latif/Reuters SpaceX’s former talent chief said she took “the bad with the good” when working for Elon Musk. Dolly Singh told a new BBC documentary: “If you mess with the recipe, you mess with the magic.” She said if Musk asked…

Trump boasted of getting on with strongmen like Putin and Erdogan better ‘the tougher and meaner they are’ in new audio

US President Donald Trump and Russia’s President Vladimir Putin shake hands after a meeting in Helsinki, Finland, in July 2018. YURI KADOBNOV/AFP via Getty Images Bob Woodward released new audio of his interviews with Donald Trump.  In one clip, Trump said he likes leaders better “the tougher and meaner they are.”  Trump has long praised…

MacKenzie Scott donates $84.5 million to the Girl Scouts, which is the largest donation to the organization from a single person

MacKenzie Scott. Evan Agostini/Associated Press Billionaire philanthropist Mackenzie Scott is donating $84.5 million to the Girl Scouts. The donation was awarded to the US Girl Scouts and 29 local councils that Scott selected. The donation is the largest awarded to the organization from a single individual.  Billionaire philanthropist MacKenzie Scott has donated $84.5 million to…

Hong Kong’s leader vows to roll out special visas for graduates from top universities and people who make more than $300,000 a year

Hong Kong is out to attract global talents with a new two-year visa program. hoto by Vernon Yuen/NurPhoto/Getty Images Hong Kong is rolling out new measures to attract talented workers to the city, following a mass expat exodus. They include a two-year visa for those graduating from the world’s top 100 universities. Hong Kong’s local…

Twitter has frozen staff stock accounts in a concrete sign Elon Musk’s takeover deal is close to completion, report says

The saga of Musk’s Twitter takeover looks close to completion. Patrick Pleul/picture alliance via Getty Images Twitter froze its employees’ ability to access and trade shares on Monday, Bloomberg reported. The move is seemingly a clear sign Twitter plans to go ahead with the $44 million Elon Musk takeover deal. A judge has given the…