A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok. Douyin […]
Tencent and Chinese automaker Geely team up on smart car tech
Logo of Chinese automaker Geely Auto. Zhang Peng | Getty Images China’s Tencent has teamed up with automaker Geely on various car technologies as traditional vehicle manufacturers continue to partner technology giants. The deal will see the two work on areas “in the fields of digitalization, intelligent cockpits, autonomous drive, […]
Richard Branson on travel recovery, rollout efforts
Sir Richard Branson told CNBC on Tuesday he hopes so-called Covid vaccination passports will be available for prospective airline passengers who have been inoculated, potentially allowing them to bypass other virus mitigation measures before traveling. “Vaccination is everything. Once vulnerable people, in particular, have been vaccinated, I think all kinds of […]
Unintended consequences from stimulus could crush stocks: Jim Paulsen
Unintended consequences from stimulus could crush stocks: Jim Paulsen Search quotes, news & videos Source link
Netflix and Disney trading places: Upstart vs old guard
The Queen’s Gambit on Netflix and Disney’s Mickey Mouse Netflix; CNBC Disney and Netflix pride themselves on storytelling. Now they’ve switched places when it comes to the tales they’re telling Wall Street. Netflix said on Tuesday that it would consider buying back shares for the first time since 2011. After […]
Stock futures flat in overnight trading ahead of Biden’s inauguration
Stock futures held steady in overnight trading on Tuesday as investors awaited President-elect Joe Biden’s inauguration. Futures on the Dow Jones Industrial Average rose just 40 points. S&P 500 futures were flat and Nasdaq 100 futures gain 0.3%. Netflix soared more than 10% in extended trading after the company reported […]
Cuomo proposal would raise tax for wealthiest New Yorkers to 14.7%
Lev Radin/Pacific Press/LightRocket via Getty Images The state would raise the top tax rate to 10.86%, up from 8.82%, Cuomo said. That would yield a top rate of 14.7% for the wealthiest New York City residents in combined taxes. “[It] would be the highest income tax in the nation,” Cuomo […]
YouTube extends Trump suspension for another week
Susan Wojcicki, CEO of YouTube. Michael Newberg | CNBC YouTube is extending Donald Trump’s channel suspension for a week longer than its previous temporary suspension. The Google-owned company confirmed to CNBC the extension Tuesday, citing a potential for ongoing violence. Donald Trump’s YouTube account has 2.77 million subscribers and, prior […]
Netflix, Interactive Brokers and Zions
A picture of a woman starting Netflix on a TV inside her apartment. Artur Widak | NurPhoto | Getty Images Check out the companies making headlines after the bell: Netflix — Shares of the media streaming giant soared more than 10% in extended trading after the company reported strong subscriber […]
Netflix says cash-flow positive after 2021, no more external financing
Netflix co-CEO Ted Sarandos. Ernesto S. Ruscio | Getty Images Netflix said Tuesday it plans to be cash-flow neutral this year and cash-flow positive every year after 2021, and will no longer need external financing to fund its operations, ending a decade-long trend and vindicating investors who have plowed money […]