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Monthly Archives: January 2019

Huawei 5G ban in Germany

Aly Song | Reuters A man walking past a Huawei P20 smartphone advertisement is reflected in a glass door in front of a Huawei logo, at a shopping mall in Shanghai, China December 6, 2018.  The German government is considering banning Huawei from providing 5G equipment in the country saying …

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Netflix says its cash burn will peak this year, then go down

Ore Huiying | Getty Images Netflix CEO Reed Hastings speaks during an interview on day two of the Netflix See What’s Next: Asia event at the Marina Bay Sands on November 9, 2018 in Singapore. Netflix said its cash burn will peak in 2019 and likely drop off in coming …

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Netflix claims 10 percent of all TV time, 80 million Bird Box viewers

Sylvain Lefevre | Getty Images Netflix Co-founder, Chairman & CEO Reed Hastings attends Q&A during Transatlantic Forum as part of Series Mania Lille Hauts de France festival on May 3, 2018 in Lille, France. Netflix lifted the veil on some of its viewership numbers for top-performing content like “Bird Box.” …

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Sears’ unsecured creditors object to Lampert’s deal to save company

Gregory Bull | AP Edward Lampert speaks during a news conference to announce the merger of Kmart and Sears in New York Wednesday, Nov. 17, 2004. Sears’ unsecured creditors filed an objection Thursday afternoon to Chairman Eddie Lampert’s deal to save the company through his hedge fund, ESL Investments. In …

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Government shutdown is not good for business

David A. Grogan | CNBC Brad Smith, President and Chief Legal Officer, Microsoft, speaks at the 2017 Cambridge Cyber Summit on October 4, 2017. The current U.S. government shutdown is not good for business, Microsoft president and chief legal officer, Brad Smith said on CNBC’s “Closing Bell” on Thursday. “It …

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Dates to watch as US government shutdown over border wall continues

Yuri Gripas | Reuters Senate Minority Leader Chuck Schumer (D-NY) (C) and other Senate Democrats hold portraits of constituents affected by the government shutdown on the steps of the U.S. Capitol in Washington, U.S., January 16, 2019. The partial government shutdown dragged into its 27th day Thursday, leaving 800,000 workers …

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Netflix earnings Q4 2018

Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix. Netflix is set to report earnings after the market close Thursday. Here’s what Wall Street expects: EPS: 24 cents, forecast by Refinitiv consensus estimates Revenue: $4.21 billion, forecast by Refinitiv consensus estimates Domestic membership additions: 1.77 …

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Amazon shareholders pressure against selling Rekognition to government

Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018.  A group of Amazon shareholders have filed a letter demanding the company to stop selling its …

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Trump postpones Pelosi’s overseas trip because of shutdown

President Donald Trump on Thursday told House Speaker Nancy Pelosi in a letter that he was postponing her scheduled trip to Egypt, Brussels and Afghanistan because of the ongoing government shutdown. Trump’s action came just a day after Pelosi urged him to reschedule his upcoming State of the Union address …

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Luxury spending could tumble after stock market drops

Gianluca Colla | Bloomberg | Getty Images Visitors pass a giant model of a luxury A. Lange & Soehne wristwatch, manufactured by Lange Uhren GmbH, a watchmaking unit of Cie. Financiere Richemont SA. Spending on watches, jewelry, boats and other luxury goods could tumble because of the recent stock market …

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