Inflation could push Fed into August rate hike

Inflation could push Fed into August rate hike

CNBC’s Jim Cramer on Monday said the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows that inflation isn’t abating. “The Fed is still in charge of this market. A week ago, it looked like they might ease up, but after Friday’s red-hot … Read more

Netflix loses nearly 1 million subscribers, forecast misses Wall Street estimates

Netflix loses nearly 1 million subscribers, forecast misses Wall Street estimates

Netflix Inc. NFLX-Q said on Tuesday it lost 970,000 subscribers from April through June, averting the worst-case scenario projected by the company, but offered a forecast below Wall Street expectations for the current quarter. It plans to launch an ad-supported tier next year and it warned that the strong dollar was also hitting revenue booked … Read more

TikTok looms large in tech earnings from Google, Facebook, Amazon

TikTok looms large in tech earnings from Google, Facebook, Amazon

Rafael Henrique | LightRocket | Getty Images As the heart of tech earnings season wraps up, one persistent theme has been weakness in the digital ad market. The war in Ukraine, rising inflation, Apple’s privacy changes and an overall pullback in ad spending help explain why Facebook, Google, Amazon and Twitter all reported disappointing revenue … Read more

How Netflix’s password-sharing crackdown is likely to work

How Netflix’s password-sharing crackdown is likely to work

Netflix signage next to the Nasdaq MarketSite in New York, US, on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Netflix surprised the world this week, saying it plans to finally address the rampant practice of password sharing. More than 100 million households are using a shared password, Netflix said Tuesday, including … Read more

Jim Cramer says he likes these 6 travel and leisure GARP stocks

Jim Cramer says he likes these 6 travel and leisure GARP stocks

CNBC’s Jim Cramer on Monday highlighted six stocks in the travel and leisure space that he believes are investable due to their affordable price and growth potential. “With the [Federal Reserve] tightening [interest rates], the market prefers something called growth at a reasonable price, or GARP. … In other words, you want companies with better-than-average … Read more