Netflix subscribers outperform expectations. However, the tech sector is set to outperform today after Netflix smashed expectations for its fourth-quarter earnings. The streaming giant added 8.84 million subscribers in the last three months of 2018 and reported a 36% rise in revenue year-on-year. Netflix shares are up over 6% premarket as investors cheer the news,…
The U.S. Treasury Department recently released data showing that foreign holdings of Treasuries rose in November for the first time in three months, after a sustained period of decline due to rising interest rates. This uptick is likely attributed to falling yields making government debt more attractive as an investment option for investors around the…
The dollar has had a strong year in 2022, driven by the Federal Reserve’s rate hikes and fears of a sharp slowdown in global growth. On Friday, the last trading day of the year, the dollar was on track to post its best annual performance since 2015 with an impressive 7.9% gain against a basket…
The ISM Service PMI for December was released on Friday, and it came in below expectations. This triggered fears that the economy could be headed toward a hard landing. Analysts at Wells Fargo have forecast an upcoming recession; however, they also noted that this report does not necessarily mark its start. To understand what this…
The highlight of the report was wage growth, which decelerated to 0.2% in December from a revised 0.4% in November. The slowdown suggested inflation could remain low and gave investors hope that Federal Reserve officials may ease their rate-hiking campaign this year as they look for signs of economic stability amid a still-uncertain recovery from…
Data released on Thursday showed an unexpected goods trade balance deficit of 0.04bn in November after a surplus of 1.3K in the prior months, but there was some good news for Canada’s economy as well. According to analysts at CIBC, while the goods trade balance deteriorated slightly, the deficit in services narrowed to more than…