U.S. stocks slump after President Donald Trump said he'd canceled a summit with North Korean leader Kim Jong Un, although they later recovered most of their losses
Twitter rolled out stricter rules for political advertising in a bid to increase transparency and curb manipulation on the service ahead of U.S. midterm elections.
Netflix is now more valuable than Disney. The streaming giant's stock was trading at an all-time high on Thursday morning, boosting its valuation above $152 billion. Disney stock, meanwhile, was trading down more than 1 percent, giving it a valuation of just under $152 billion. Netflix, which has been publicly traded since 2002, has become a fierce competitor for Disney and other media conglomerates over the years as streaming as become more popular with consumers. Despite the fact that Netflix continues to burn through cash, the company has become a stock market darling as it adds more subscribers around the world. In April, Netflix announced that had reached 125 million total subscribers and generated $3.6 billion in revenue during the first quarter of the year. On Wednesday, the streamer became more valuable than cable giant Comcast. Its shares closed the day at $344.72. Today, its share price is up more than 1 percent to over $350 during midday trading.
World stock markets are subdued as carmakers' shares fell after the Trump administration said it was considering tariffs on imports of autos and auto parts.
On Thursday, a Trump administration investigation of car and truck imports raised the threat of renewed conflict over trade policy. U.S. Commerce Secretary Wilbur Ross said on Thursday the investigation was still in its early stages but that other countries’ high, artificial barriers such as tariffs, have skewed the marketplace.
Stock markets are mostly after weak European economic data and as U.S. President Donald Trump raised doubts that a summit with North Korean leader Kim Jong Un will take place as planned
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after President Trump pulled out of the planned North Korea summit.
The Smart Speaker Battle Rages On! In 2014, Amazon started a huge trend in technology … the Smart Speaker! Amazon launched the Echo, and has been the Smart Speaker market leader ever since … until Q1 2018. According to tech research firm, Canalys, Google has now taken the top spot with its own offering, Google Homes. Amazon still holds a huge lead with a 69 percent market share … compared to Google’s 25%. Now there are new competitors entering the battle field.