Netflix is going to hike the subscription fees from $9.99 to $10.99. Why? Netflix claimed that the future would be about the original content. The company is going to spend $8 billion on its original content in 2018; therefore, it needs our money to fund the project. Netflix is up…
Month: October 2017
AMEX CEO: I’m Going to Retire Next Year
How will this change affect the company’s stock price? The current CEO led the company through the 9/11 attack, the real estate fiasco in 2008, the losses of co-branded card partners such as Fidelity, JetBlue and Cosco. It may yet lose Starwood / Marriott to Chase if Marriott ultimately chooses…
The Stock Market: The Correction That Never Comes
Yet, those who are waiting for a correction still does not give up hope. Fresh out of the oven from investing website, the latest analysis explains why the correction may be imminent. It compares the current market condition to the previous 2 large pullbacks, the tech bubble in 2000 and…
IBM Is Roaring Back
The IBM stock price has plunged 20% since the beginning of the year. It’s up almost 10% today after the upbeat earning results. Since August this year, the stocks have trimmed almost 1/2 of its losses. The reversal is quite impressive. However, has IBM turned the corner? With rising debt,…
Bitcoin: A Wild Roller Coaster Ride Today
Bitcoin was down more than 8% earlier today, but it had recouped much of its loss. Currently, it’s down about 4%. This is certainly not for the faint of heart. Today’s sudden plunge was probably due to traders’ profit taking because the cryptocurrency had orchestrated the rally from $3,600 to…