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Stocks making the biggest moves midday: Netflix, Nio, BlackRock, Tesla and more

A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019.Jaap Arriens | NurPhoto | Getty ImagesCheck out the companies making headlines in midday trading. Netflix — Shares of the streaming video giant fell 6.5% after company missed earnings estimates gave guidance for subscriber growth that came in lower than Wall Street expected. The company also announced that Ted Sarandos would become co-chief executive officer.Nio —…

Earnings and fiscal debate could be catalysts for stocks in the week ahead

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020.Lucas Jackson | ReutersInvestors are braced for a barrage of earnings news, and the debate in Washington around the next stimulus package may also be an important catalyst for markets since it has implications for the economic recovery.Big tech names, including Microsoft, Intel, Twitter and IBM, are among companies reporting in the week ahead, as is high-flying Tesla. Blue chips Coca-Cola, Verizon, American Express and…

Defiant Fauci tells InStyle magazine: ‘I think everybody thinks I’m doing more than an outstanding job’

Anthony Fauci is on a mission to get more Americans to take COVID-19 seriously. In an interview with InStyle magazine, in which he posed wearing sunglasses and stars-and-stripes socks, Fauci said this of his original advice to not wear face masks: “I don’t regret anything I said then because in the context of the time in which I said it, it was correct. We were told in our task-force meetings that we have a serious problem with the lack of PPEs and masks for the health providers who are putting themselves in harm’s…

Personal Finance Daily: The perils of waiting 10 days or more to get a COVID-19 test result, and consumer complaints to the CFPB are…

TGIF, MarketWatchers. Don’t miss these top stories: Personal FinanceConsumer complaints to the CFPB are skyrocketing as the coronavirus outbreak continues ‘The database is like a canary in the coal mine.’ This fizzy canned cocktail has a hint of honey — and a soft spot for bees Siponey Royale combines New York-sourced honey, lemon juice and a four-year-old rye whiskey. Workers at Target-owned Shipt strike over new algorithm-based compensation that they say will lower their pay Shipt says the new model is…

Stocks making the biggest moves in the premarket: Morgan Stanley, Bank of America, Twitter, J&J & more

Take a look at some of the biggest movers in the premarket:Morgan Stanley (MS) – The investment firm earned $1.96 per share for the second quarter, well above the $1.12 a share consensus estimate. Revenue also beat forecasts. Morgan Stanley saw net revenue and net income rise to record levels, helped by strong trading results.Bank of America (BAC) – The bank reported quarterly earnings of 37 cents per share, beating consensus estimates by 10 cents a share. Revenue also came in above forecasts. Bank of America added $4…

Consumers spent at pre-Covid levels, but virus spread and jobless rate could make economic boost temporary

People wait on a long line to receive a food bank donation at the Barclays Center on May 15, 2020 in the Brooklyn borough in New York City. The event was organized by Food Bank for New York City and included dairy and meat items.Stephanie Keith | Getty ImagesConsumers went shopping in June, spending at pre-Covid levels, but the spreading virus and still staggering number of people filing for unemployment benefits suggests the recovery may take longer than initially expected.Economists say the risk of a further downturn makes…

Stocks making the biggest moves after hours: Netflix, Tesla, J.B. Hunt and more

A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England.John Keeble | Getty ImagesCheck out the companies making headlines after the bell: Netflix — Shares of the streaming service plummeted 10% in extended trading after releasing its second-quarter financial results. Netflix reported second-quarter earnings of $1.59 per share on revenues of $6.15 billion. Analysts polled by Refinitiv expected earnings of $1.81 per share on revenues of $6.08 billion. Netflix…

Netflix adds more than 10 million new subscribers and names Sarandos co-CEO, but stock is tanking

Netflix Inc. logged another blockbuster quarter Thursday with the addition of 10.1 million new paid subscribers and a significant jump in revenue, and rewarded one of its most important executives with a promotion, but shares declined in after-hours trading on fears of slowing second-half growth. Netflix NFLX, +0.78% reported 10.1 million new subscribers in the second quarter, topping the 10 million mark for a second consecutive quarter amid shelter-in-place orders related to the COVID-19…

As a sizzling July continues, here’s what to know about climate change and weather

Freakish Siberian heat and a record string of high-temperature days during the already typically soupy Washington, D.C., summer are two of a handful of weather phenomena adding to the public-health stress of COVID-19. Midweek, the most punishing temperatures began to retreat across the southern U.S., the U.S. Weather Service said, but heat will be on the increase for the eastern U.S. and for the northern High Plains. The warmer lows overnight will not provide much relief, adding to the stress on the body, especially…

MarketWatch First Take: Netflix promotes Ted Sarandos to co-CEO, showing importance of original content

While investors may have paid more attention to Netflix Inc.’s disappointing forecast for the second half Thursday afternoon, the promotion of Chief Content Officer Ted Sarandos to co-chief executive may be the bigger news of the day because of what it says about Netflix and where it is headed. Netflix NFLX, +0.78% explained the move as confirmation of what has been in place for many years, with CEO Reed Hastings referring to Sarandos as his partner for two decades. What it really says, though,…