What Happened: Shares of streaming video giant Netflix (NASDAQ: NASDAQ:) fell 8.2% in the morning session after the company reported fourth-quarter results and provided underwhelming revenue guidance with full-year sales outlook implying 13-15% growth. This represents a deceleration compared to the expectations for 15-16% growth early in 2024. Also, in…

Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but it’s paid off. Netflix, the dominant player in streaming, added more than 9 million subscribers in the first three months of the year, hitting a record high of 269.6 million subscribers. “It added more…

The Mexican Peso recovers after data shows a rise in Retail Sales in February.  The Peso had weakened in a volatile sell-off after markets switch risk averse on geopolitical tensions.  Israel purportedly retaliated against Iran, with explosions heard in the Iranian city of Isfahan.  USD/MXN surged to just below 18.00 on the…

In the first quarter of 2024, spot trading volumes of the top ten centralized exchanges (cex) topped $4.29 trillion, a 95.3% increase from the previous quarter. Despite facing legal challenges Binance remained the largest cex platform with a market share of 50%. The top crypto asset manager Grayscale’s converted GBTC…

POLITICS

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The US Treasury Department on Friday imposed sanctions on two organizations on Friday for fundraising on behalf of two violent Israeli extremists in the West Bank. The two groups – Mount Hebron Fund and Shlom Asiraich – established crowdfunding campaigns to raise thousands of dollars for Yinon Levi and David Chai Chasdai, respectively. Both of those men were sanctioned by the US in February under a new executive order targeting those perpetrating violence in the West Bank. At the same time, the State Department on Friday sanctioned Ben-Zion Gopstein, “the founder and leader of Lehava, an organization whose members have…

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Investing

That Pfizer PFE is making the new 52-weeks lows list is not a proud moment for the company. You might think that a big, well-known healthcare firm offering a 6.6% dividend would attract investors. So far, this year that hasn’t been the case as the stock just keeps dropping despite…

Fintech