Wall Street

Netflix plans to cut USD 300 million in spending in 2023

Netflix is also upgrading its ad-supported plan in terms of streaming quality and concurrent streams.   In an effort to lower costs, Netflix also conducted job cuts last year.

published on : 13th May 2023

US reporter held by Russia on spying charges to stay in jail

Gershkovich, his employer and the U.S. government deny he was involved in spying and have demanded his release.

published on : 18th April 2023

WSJ: McDonald's to close offices briefly ahead of layoffs

McDonald's has more than 150,000 employees in corporate roles. About 70% of those employees are based outside the United States.

published on : 3rd April 2023

WSJ editorial board calls for US to expel Russian ambassador, journalists

Speaking to reporters before leaving to view tornado damage in Mississippi, Biden said that expelling Russian journalists was "not the plan right now."

published on : 31st March 2023

Russia arrests Wall Street Journal reporter on 'espionage charges'

The FSB didn’t say when the arrest took place. Gershkovich could face up to 20 years in prison if convicted of espionage.

published on : 30th March 2023

World markets rise after recession fears pull Wall St lower

On Wall Street, the future for the benchmark S&P 500 index was up 0.2 per cent. That for the Dow Jones Industrial Average was down 0.1 per cent.

published on : 21st January 2023

Asian, European markets mostly up ahead of US inflation data

The consumer price index reading on Thursday is the key event for investors this week, though analysts warned that an above-forecast reading would deal a hefty blow to confidence.

published on : 12th January 2023

Asian benchmarks decline after bear market hits Wall Street

Benchmarks fell in Japan, Australia, South Korea and China. The Japanese yen’s continuing slide against the dollar paused.

published on : 14th June 2022

Global stock markets mixed after Wall Street bond sell-off fuels anxiety

Wall Street futures were lower after the benchmark S&P 500 index rose 0.3 per cent on Monday and the market price of a 10-year Treasury bond fell.

published on : 7th June 2022

Asian shares retreat as oil climbs back above USD 100 per barrel

Shares were mostly lower in Asia on Friday after Wall Street extended a rally into a third day and oil prices pushed higher, surpassing $105 per barrel.

published on : 18th March 2022

Oil prices sink more than 1 per cent amid global market plunge, US output spree

Brent crude oil futures were at $66.88 per barrel at 0236 GMT, down 74 cents, or 1.1 percent, from the previous close and more than $4 below their high point for 2018, hit last month.

published on : 6th February 2018

Wealthy financiers could gain from Trump's proposed tax cut for small businesses

Trump called for a new "pass-through" tax rate of 25 percent that could mean big savings for owners of sole proprietorships and partnerships.

published on : 28th September 2017