Netflix Sees Stronger Second Half With Account-Sharing Curbs
Netflix Inc. will begin cracking down this quarter on US viewers who share someone else’s account, predicting plans to charge such customers will boost growth in the second half of the year.
Carvana’s Tale of Debt and Losses Looks a Lot Like Old Hertz
Shares of Carvana Co. more than doubled in the month leading up to Thursday’s awful fourth-quarter earnings report.
China Edutech Surge Lures Investors as US Melts Down
The rapid revival of Chinese education companies’ business is boosting investor appetite for the stocks that bore the brunt of Beijing’s yearlong regulatory crackdown.
Grubhub Customers Learn There's No Such Thing as a Free Lunch After All
Grubhub’s attempts to drum up buzz for its food-delivery service by offering “free” lunch in New York didn’t exactly generate the kind of publicity the company was hoping for.
Alibaba, Baidu Jump in US as China Vows Support for Tech
Chinese internet stocks jumped in US trading after a senior Communist Party official reaffirmed support for the industry, stoking optimism that regulators may ease a yearlong clampdown.
Hertz Shares Slide as Rebound in Business Travel Proves Elusive
Pleasure trips are ‘pretty much back,’ CEO Stephen Scherr says. Fleet utilization rates rebounding near pre-pandemic levels
Bilibili, DouYu Rise in U.S. as China Ends Video Game Freeze
Shares of Chinese video-game makers and live-streaming platforms rallied on Monday, after China approved the first batch of new video game licenses since July.
Alibaba, Didi Fuel $80 Billion Rally for Chinese Stocks in U.S.
Alibaba Group Holding Ltd. and Didi Global Inc. rallied for a second day, adding $80 billion in value to U.S. listed Chinese stocks as fears of potential delistings eased.
Amazon’s Holiday-Quarter Sales Forecast Suggests Pandemic Boom Is Over
Amazon.com Inc. warned Wall Street that it will have to spend billions of dollars hiring workers, paying them more and even speeding partly empty trucks to their destinations to ensure that supply-chain snarls don’t derail the holiday shopping season.
Walmart Jumps as ‘Get Out and Shop’ Ethic Spurs Boosted Forecast
Walmart Inc. shares jumped after the retailer posted strong quarterly sales growth and boosted its profit outlook, an impressive feat after facing a difficult comparison with last year’s pandemic-fueled stockpiling.
With Goldman Hires, McMillon Moves Closer to Bank of Walmart
Walmart Inc. just took one step closer to being JPMorgan Chase & Co.’s biggest nightmare. By luring a pair of senior bankers from Goldman Sachs Group Inc. to run its fledgling financial technology startup, the world’s largest retailer is gaining even more heft as it seeks to become a one-stop shop for consumers’ financial needs. The move struck fear on Wall […]
Open Restaurants, Return to Work Leave Grocery Stocks in Limbo
With restaurants resuming some dine-in services and more people returning to work, grocery stores are getting the short end of the stick.
Fence Posts, Transit Apps Give Alt-Data Hunters Recovery Clues
Steven Weinstein raised his first-quarter revenue expectations for Wayfair Inc. after scouring credit and debit card information from millions of Americans.
Americans, It Turns Out, Would Rather Visit A Store Than Buy Food Online
Fear of contracting Covid-19 pushed shoppers to the web, but most still prefer to pick out their own steaks and bananas.
Walmart Sales Soar on Consumer Stockpiling and Online Shift
Walmart Inc. jumped on Tuesday after reporting coronavirus-related stockpiling led to a surge in quarterly sales, underscoring the company’s strong position amid widespread carnage in the U.S. retail sector.