LOS ANGELES — Streaming video pioneer Netflix disappointed Wall Street Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares plummeting more than 5% in after-hours trading.The revenue figure, along with a weaker-than-expected Q3 revenue forecast, overshadowed the addition of 5.9 million new streaming customers from April through June and earnings that far…
Streaming video pioneer Netflix disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares plummeting nearly 9% in after-hours trading. The revenue figure, along with a weaker-than-expected Q3 revenue forecast, overshadowed the addition of 5.9 million new streaming customers from April through June and earnings that far exceeded forecasts….
(Bloomberg) — China’s disappointing economic growth data prompted several economists to downgrade their forecasts for the year, citing major weaknesses in the recovery and Beijing’s relatively subdued stimulus response. Most read from Bloomberg JPMorgan Chase & Co., Morgan Stanley and Citigroup Inc. were among the banks that cut their economic growth forecasts to 5% this…
Resume May new loans 1.36 trillion yuan versus forecast 1.6 trillion yuan May M2 money supply +11.6% y/y, versus forecast of +12.1% May TSF 1.56 trillion yuan, against forecast 2 trillion yuan C.bank promises to strengthen “counter-cyclical” policy adjustments BEIJING, Jun 13 (Reuters) – China’s new bank lending picked up in May from the previous…