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Will Netflix earnings on Thursday shock the market?

Will Netflix earnings on Thursday shock the market?

Right now Wall Street analysts project that on Thursday, January 19, Netflix (NFLX) will report earnings of just 44 cents a share for the fourth quarter of 2022. That would be a huge drop from the $1.33 the company reported in the fourth quarter of 2021. If Netflix...
So it begins: Treasury announces first deferrals to stave off debt ceiling crisis

Start your debt ceiling crisis clock running NOW!

The Biden administration will act starting on January 19 to reprioritize federal funds in order to put off a debt ceiling crisis until June, Treasury Secretary Janet Yellin told Congress in a letter today. The “extraordinary measures” which should be old...
Bad news for 2023 from the IMF

Bad news for 2023 from the IMF

Happy new year from the International Monetary Fund! The new year is going to be “tougher than the year we leave behind,” IMF managing director Kristalina Georgieva said on CBS on Sunday morning. “We expect one-third of the world economy to be in recession. Even...
Stocks rise as investors decide slowing wage gains outweigh higher than expected job growth

Friday jobs report coming up

It’s deja vu all over again as New York stock markets reopen for trading tomorrow. We ended 2022 waiting for the monthly jobs report from the Labor Department to tell us when slower job growth would signal the potential end to the Federal Reserve’s cycle...