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Netflix Stock Sinks as Analyst Bemoans Lack of Breakout Hits
The Wall Street Journal1d agoneutral
Netflix Stock Sinks as Analyst Bemoans Lack of Breakout Hits

Netflix shares plunged more than 5% this morning after Wells Fargo downgraded the stock to underweight and slashed its price target to $57 a share, from $80. "Engagement trends look worrying to us," wrote a team of analysts led by Steven Cahall, who estimated that viewership in the first half of 2026 was down 8% from the same period in 2023.

Berkshire Stock Peaked the Day Before Warren Buffett Said He'd Step Down as CEO
The Wall Street Journal1d agoneutral
Berkshire Stock Peaked the Day Before Warren Buffett Said He'd Step Down as CEO

Warren Buffett’s decision to step down as chairman of Berkshire Hathaway marks the end of an era on Wall Street. The conglomerate’s stock has yet to recover from the all-time high it hit on May 2 last year, the day before Buffett announced his plan to step down as CEO. Since then, Berkshire’s popular Class B shares have slid 5.7%, versus a 34% rise in the S&P 500.

Coinbase Files to List U.S. Single-Stock Perpetual Futures
The Wall Street Journal1d agoneutral
Coinbase Files to List U.S. Single-Stock Perpetual Futures

Coinbase Global said Friday that it has sought regulatory approval to list perpetual futures tied to individual large-cap U.S. stocks. Perpetual futures, known as “perps,” are speculative derivative contracts that never expire, allowing traders to pile on leverage that amplifies their potential gains and losses. Coinbase plans to list perps tied to roughly 50 to 60 popular stocks such as Apple, Microsoft, Tesla and Nvidia.

Investing.com1d agoneutral
Saudi Aramco halts crude oil supply to European customers

Investing.com -- Saudi Aramco has informed at least two oil refining customers in Europe that they will receive no crude oil next month following an attack on the kingdom’s main pipeline to the Red Sea, according to a report from Bloomberg News, citing people familiar with the matter.

Accenture, BlackLine Leaders on the Reinvention of Finance
The Wall Street Journal1d agoneutral
Accenture, BlackLine Leaders on the Reinvention of Finance

CFO JOURNAL NEWSLETTER Good morning. Financial services are being retooled in the age of artificial intelligence, which is reflected in corporate boardrooms. I recently met with Craig Richey of consulting firm Accenture and the software company BlackLine’s CFO Patrick Villanova, who both spoke about what they say is an evolving landscape.

How Markets Shook Off This Week's Shocks
The Wall Street Journal1d agoneutral
How Markets Shook Off This Week's Shocks

Markets opened on shaky footing on Monday. Damage to Saudi Arabia’s crucial East-West pipeline stoked worries about oil shortages and inflation, sending oil prices and bond yields higher. Just a few days later, both seem like a distant memory, as oil prices fall premarket and AI stocks jump.

Daily Briefing: Higher Rates Deepen Private Equity’s Zombie-Fund Problem
The Wall Street Journal1d agoneutral
Daily Briefing: Higher Rates Deepen Private Equity’s Zombie-Fund Problem

Higher interest rates threaten to prolong private equity’s record $349 billion backlog of “zombie funds,” making exits harder, squeezing fee income and potentially forcing some firms to shrink. The Federal Reserve’s decision to raise interest rates on Wednesday will deepen problems in their portfolios from a generation of buyouts that are stuck. The bigger the logjam gets, the harder it will be to raise new funds, reducing the fee income private-equity firms rely on, a cycle that can spiral.