Page 245 - Bloomberg

Originals, steps against password sharing help Netflix add 9.33 mn users

Despite the growth, Netflix shares were down 4.6% to $582.70 at 6:03 pm New York time. They were up 25% this year through the close of regular trading Thursday

Jury chosen in Trump's hush-money case, and other trial takeaways

Trump, who faces three other criminal prosecutions, denies wrongdoing and claims the cases are part of a political 'which hunt' against him

Rocket assault on Israeli military site by Lebanon's Hezbollah wounds six

The assault, which Hezbollah said was a response to Israel killing a number of its fighters, comes as the Jewish state weighs a response to Iran's missile and drone strikes on Saturday night

Nvidia, Chip stocks drop into technical correction as rate bets shift

The Philadelphia Semiconductor Index and Nvidia dropped more than 3% each Wednesday, pushing them down more than 10% from record high levels reached in March

100 scientists spend two years renaming viruses after Covid mistakes

Airborne viruses will be called "pathogens that transmit through the air" under new terminology the World Health Organization hopes will end a scientific rift that hampered early response to Covid 19

Google fires 28 employees protesting against $1.2 bn Israeli contract

Google told the affected employees that it's keeping this matter as confidential as possible, only disclosing information on a need to know basis

Fed Chair Powell's US rates warning means headache for rest of the world

China doesn't have such inflation worries, but rise in the premium of US 10-year government bond yields over their Chinese equivalents to a record high has sparked concerns over depreciation of yuan

Climate change to cause $38 trn yearly damage to global economy by 2049

The paper uses data from more than 1,600 regions worldwide over the past 40 years to assess future impacts of a warmer planet on economic growth

What Elon Musk's pay package vote means for his $174 billion fortune

Tesla's 2024 proxy statement, filed Wednesday, asks shareholders to approve the same 2018 compensation package for its chief executive officer that was rejected by Delaware court

Micron set to get over $6 bn in chips' grants in announcement next week

After the preliminary agreement is announced, Micron would enter months of due diligence and then receive the money in tranches tied to project-specific benchmarks

Ashmore Group counters consensus with big bet on China over India

China's economic growth is expected to trail India's for at least the next two years, according to economists' forecasts on Bloomberg

Asian stock markets slide as Federal Reserve dithers on rate cuts

The MSCI Asia Pacific Index fell as much as 0.4% Wednesday before paring losses, with consumer discretionary and industrials among the biggest drags

Bitcoin briefly drops below $60,000 ahead of halving software adjustment

The original digital asset fell as much as 5% to $59,888, before paring the decline. Bitcoin has dropped by about 18% since it reached a record $73,797 on March 14

Morgan Stanley borrowing $8 bn in bank bond, after reporting higher revenue

Morgan Stanley's trading and wealth units' revenue cruised past analysts' estimates, following blowout earnings from peer Goldman Sachs Group Inc

China kicks off anti-graft inspections of financial regulators, banks

China's biggest state-owned lenders, led by Industrial & Commercial Bank of China Ltd., as well as the main bourses in Shanghai and Shenzhen will also be inspected, according to the report

Israel-Iran conflict: Saudi, UAE warn of dangers of war spreading in region

Israel is weighing a response to what was the first attack on the Jewish state from Iranian soil

Saudi' Arabia's Neom hunts for more cash for $1.5 trillion desert city

Neom recently secured a 10 billion-riyals loan from a group of Saudi banks, according to two other people familiar with the deal

UN seeks $2.5 billion for Gaza humanitarian aid, ten fold more than earlier

In total, the UN is appealing to donors for $2.8 billion for Gaza and the West Bank - tenfold the amount it said it needed the week after Hamas attacked Israel in October, starting the war

US, China public debt to nearly double by 2053 under current policies: IMF

The report projected overall primary deficits would decline to 4.9% of global GDP from 5.5% in 2023, but with substantial risks threatening public finances in many countries

Tesla asks investors to approve Musk's $56 bn compensation package again

In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company's state of incorporation to Texas from Delaware. The carmaker will convene its annual meeting on June 13