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☆ Everything to know about the true story of the 'Dating Game Killer' who inspired Netflix's new movie 'Woman of the Hour'
▼ + stars: | 2024-10-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

Netflix's new film "Woman of the Hour" is based on a true story about serial killer Rodney Alcala. In real life, Alcala competed on "The Dating Game" and won a date with bachelorette Cheryl Bradshaw. AdvertisementHere's what happened to the real Bradshaw and how she narrowly escaped being one of Alcala's victims. He later got the nickname "The Dating Game Killer." Since appearing on "The Dating Game," Bradshaw has kept a low profile and little is known about where she ended up.

Persons: Rodney Alcala, Alcala, bachelorette Cheryl Bradshaw, Bradshaw, —, Anna Kendrick, Sheryl, Daniel Zovatto, Rodney, Cheryl Bradshaw's, Ryan Murphy's, Lyle, Erik Menendez, Tali Shapiro, Shapiro, Michael Metzger, Metzger, Ellen Metzger, I'm, Alcala's, Ellen, Jed Mills, Mills, Ted Soqui, Robin Samsoe, Samsoe, Jill Barcomb, Georgia Wixted, Charlotte Lamb, Jill Parenteau Organizations: Service, ABC, Netflix, ABC News, Alcala, Sunday Telegraph, Getty, California Supreme, Associated Press Locations: Alcala, California, San Quentin, Georgia, New York . California, Corcoran

☆ After a well-received quarter, Cramer explains why he thinks Netflix can 'rock on higher'
▼ + stars: | 2024-10-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After a siding with the bulls in the run-up to Netflix 's latest earnings report, CNBC's Jim Cramer explained why the quarter made him more optimistic about the company's future, saying he was impressed by management's outlook and commentary about content. Netflix beat Wall Street's expectations for earnings, revenue and paid membership growth when it posted its report Thursday evening. The streaming giant's shares popped 11% Friday morning and maintained those gains through close. Cramer was encouraged by management's guidance for the current quarter and 2025, as the company expects to keep up double-digit revenue growth some investors feared would be hard to maintain. He also liked Sarandos' positive read on how AI will impact business.

Persons: CNBC's Jim Cramer, maul, Cramer, Ted Sarandos, Sarandos, Emily, I'm Organizations: Netflix, National Football League Locations: Paris

☆ Netflix earnings beat expectations. Here's what analysts are saying
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts are getting even more bullish on Netflix following its earnings beat for the third quarter . Here is what other firms are saying: Pivotal Research keeps buy rating on stock The firm raised its price target to $925, a Street high. Bernstein reiterates its market perform rating The firm increased its price target to $780 from $625. Bank of America reiterates its buy rating The bank increased its price target to $800 from $740. 3Q results were generally ahead (OI 5% higher) while commentary pointed to sustained double-digit revenue growth and margin expansion in 2025."

Persons: Doug Anmuth, Anmuth, Morgan Stanley, Benjamin Swinburne, Bernstein, Goldman Sachs, NFLX Organizations: Netflix, JPMorgan, WWE, NFL, of America, Gaming, UBS, 3Q

☆ Guggenheim on Netflix earnings: Great quarter reinforces buy rating, long-term stock opportunity
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGuggenheim on Netflix earnings: Great quarter reinforces buy rating, long-term stock opportunityMichael Morris, Guggenheim Securities entertainment and media analyst, joins 'Squawk on the Street' to discuss Netflix's quarterly earnings results, concerns around slowing operating margin expansion, and much more.

Persons: Michael Morris Organizations: Guggenheim, Netflix, Guggenheim Securities

☆ Seay: Netflix has shown the ability to grow under any circumstance.
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeay: Netflix has shown the ability to grow under any circumstance. George Seay, Chairman of Annandale Capital, discusses Netflix's impressive performance, highlighting the company's significant subscriber growth and strong execution in recent quarters.

Persons: George Seay Organizations: Netflix, Annandale Capital Locations: Annandale

☆ The bullish case for Netflix
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bullish case for NetflixJason Helfstein, Oppenheimer & Co head of internet research, joins CNBC's 'The Exchange' to discuss Netflix's earnings, why he's bullish on the stock, and more.

Persons: Netflix Jason Helfstein Organizations: Netflix, Oppenheimer, Co

☆ Why the stock market will drop 7% by mid-November, according to a technical analyst
▼ + stars: | 2024-10-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market could face a 7% correction by mid-November, says Fundstrat's Mark Newton. AdvertisementThe stock market looks poised for a 7% correction by mid-November, according to technical analyst Mark Newton of Fundstrat. AdvertisementNewton is monitoring the 5,900 level on the S&P 500 as potential resistance for the index. The S&P 500 traded at around 5,850 on Friday. "This market has seemingly 'dodged a bullet' thus far during one of the historically worst periods during most election years.

Persons: Fundstrat's Mark Newton, —, Mark Newton of, Newton, Tom Lee's Organizations: Investor, Service, Equity, Technology, RSI Locations: Newton, Mark Newton of Fundstrat

Phoenix on Tuesday snapped a streak of 21 straight days of record-breaking highs. Heat waves are expected to start earlier in the year and last later as a result of climate change, but Phoenix's streak still surprised scientists. The heat is finally expected to break heading into the weekend, as a cold front brings cooler conditions. The city on Tuesday finally snapped a streak of 21 straight days of record-breaking daily high temperatures. This summer was already the hottest on record in Phoenix, and 2024 is likely to end up as the warmest year in the city's recorded history.

Persons: ”, Jennifer Brady, Phoenix Organizations: Phoenix, Climate Central, National Weather Service Locations: Arizona , Nevada, New Mexico, Phoenix, New Jersey

☆ Netflix is rolling in cash. What a turnaround!
▼ + stars: | 2024-10-17 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Netflix makes money. Netflix is actually bringing in so much money that it is turning a profit, while its competitors struggle to break even. And Netflix financed all that cash incineration by taking on many billions of dollars in debt. In 2019, Netflix had negative cash flow of $3.3 billion. That doesn't mean Netflix is going to go hog-wild on spending now that its thesis has been borne out.

Persons: —, it's, we'll, you've Organizations: Netflix, Service

☆ Netflix airing NFL games on Christmas will be the streaming giant's biggest test for its next area of growth
▼ + stars: | 2024-10-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, Netflix's earnings report comes as Wall Street wonders if the king of streaming can keep its crown . Business Insider's Lucia Moses outlined investors' key questions about Netflix ahead of its third-quarter earnings call this afternoon. The NFL is coming to the streamer this Christmas, with Netflix showing two games on the holiday.

Persons: —, Leapmoter, Chelsea Jia Feng, Business Insider's Lucia Moses, Alain Tascan, Jamie Squire, — Peacock, BI's Peter Kafka, There's, Patrick Mahomes, Lamar Jackson, Mike Kemp, Louis Vuitton, Christian Dior, iStock, Rebecca Zisser, Harris, Elon Musk's, Elon, Tyler Le, it's, Amy Powell, El, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, EV, Netflix, Epic Games, NFL, NBA, Getty, Louis, BI, Trump, House, SpaceX, Elon Musk's, California Coastal Commission, Paramount, NATO Locations: Europe, Swedish, California, Hollywood, El Mayo, Sinaloa, New York, London

☆ Netflix's investment in ad-tech a 'pretty big deal', says Double Variety CEO Mark Zagorski
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix's investment in ad-tech a 'pretty big deal', says Double Variety CEO Mark ZagorskiMark Zagorski, DoubleVerify CEO, joins 'Closing Bell Overtime' to talk Netflix earnings and how its ad-tier is performing.

Persons: Mark Zagorski Mark Zagorski

Like many baseball stadiums around the country, Tropicana Field's geographic location makes it vulnerable to hurricane winds or tornado-force winds, hail, storm surge and flooding. NFL stadiums could experience $11 billion in climate-related losses by 2050, according to a new report released by the climate risk analysis company, Climate X. Climate X said it's a wake-up call for state and local governments. If you had a problem there yesterday, that doesn't mean that it's going to be there tomorrow," said Kamil Kluza, co-founder of Climate X. The risks from changing weather patterns go far beyond hurricane winds and flooding.

Persons: it's, X, Kamil Kluza Organizations: Field, Tampa Bay Rays, Tropicana, Baltimore Orioles, Los Angeles Dodgers, New York Mets, Miami Marlins, Pittsburgh Pirates, San Diego Padres, Climate, Arizona Diamondbacks, Chase, Minnesota Vikings, Metrodome Locations: St . Petersburg, Key, Florida, Hurricane, Tampa , Florida, Phoenix

☆ Netflix earnings on deck: Here's what investors are watching
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix earnings on deck: Here's what investors are watchingTom Rogers, Oorbit Gaming and Entertainment executive chairman and former NBC Cable president, joins 'Squawk Box' to preview Netflix's quarterly earnings results after the bell today, what to expect from the streaming giant, and more.

Persons: Tom Rogers Organizations: Oorbit Gaming, Entertainment, NBC Cable

☆ Stocks making the biggest moves midday: Nvidia, Travelers, Blackstone, Uber and more
▼ + stars: | 2024-10-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Travelers' third-quarter earnings came in at $5.24 per share, topping the $3.55 a share expected from analysts polled by LSEG. Blackstone reported third-quarter earnings of $1.01 per share on revenue of $2.43 billion. CSX — Shares slipped 5.9% after the transportation company reported disappointing third-quarter results. Alcoa — The aluminum producer's stock shed more than 3% after the company reported third-quarter revenue of $2.90 billion, below the $2.97 billion LSEG consensus estimate. Synovus Financial — Shares popped 5% after the company reported better-than-expected adjusted earnings per share for the third quarter.

Persons: Uber, LSEG, Elevance, Blackstone, Equifax, Synovus, — CNBC's Sean Conlon, Hakyung Kim, Alex Harring, Pia Singh Organizations: Taiwan Semiconductor, Nvidia, Micron, Times, Expedia, —, LSEG, CSX, Nokia —, Alcoa, FactSet, Dynamics, Steel, Walgreens, Alliance

☆ Kristen Bell says her kids aren't 'Frozen' fans, but like that it'll pay for their college
▼ + stars: | 2024-10-17 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Kristen Bell, who played Anna in the "Frozen" movies, said her kids don't like them. "Frozen" and "Frozen 2" both made more than $1 billion, among the most successful animations ever. AdvertisementKristen Bell says her kids don't like the "Frozen" movies, but know they are what will fund them through college. The star, who recently appeared in Netflix's "Nobody Wants This," didn't say how much she was paid for "Frozen" and "Frozen 2." It was beaten by two other Disney movies: 2019's "The Lion King," which made $1.

Persons: Kristen Bell, Anna, —, Bell, Arendelle, Dax Shepherd, they're, Disney, King Organizations: Service, Office Mojo, Disney

☆ Netflix beat expectations yet again
▼ + stars: | 2024-10-17 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

New-subscriber numbers beat analysts' expectations at 5.07 million. The streaming service is trying to grow new sources of revenue, such as gaming and advertising. New subscribers to the streaming service totaled 5.07 million, the company said Thursday. Analysts surveyed by Bloomberg were expecting 4.5 million; Netflix gained 8.76 million paying viewers in the same period a year earlier. Going into Thursday's earnings report, analysts who follow Netflix said they expected the boost from the password-sharing crackdown to diminish in the future.

Persons: — Organizations: Netflix, Service, Bloomberg

☆ Netflix earnings need to justify runup in stock. What analysts see for subscribers, ad tier
▼ + stars: | 2024-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.

Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan

☆ How much money you'd have now if you invested $1,000 in Netflix 10 years ago
▼ + stars: | 2024-10-17 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Netflix is helping to kick off the latest earnings season with the streaming giant set to report its third quarter earnings after market close on Thursday. The company's stock price has steadily risen since the beginning of the year. However, this upcoming earnings report may be one of the last times investors receive regular updates on Netflix's membership numbers. "This change is really motivated by wanting to focus on what we see are the key metrics that we think matter most to the business," Netflix co-CEO Gregory Peters said during the company's 2024 first quarter earnings call on April 18. "We'll periodically update when we grow and we hit certain major milestones, we'll announce those.

Persons: Gregory Peters, we'll Organizations: Netflix

☆ CNBC's Inside India newsletter: The changing face of India's rich
▼ + stars: | 2024-10-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

Speaking to CNBC's Inside India, Kohli noted that India's wealthy now come from a swathe of industries. India's stock market became the fourth-largest in the world at the start of the year, after overtaking Hong Kong. Meanwhile, those whose wealth that falls between 10 to 50 million Indian rupees are in the affluent category, he added. Historically, India's wealthy had a median age exceeding 50. Drivers of India's wealthThe growth in India's wealthy population comes in tandem with the nation's economic progress.

Persons: Ratan Tata, Waterfield, Ratan Tata —, Ambani, Himanshu Kohli, Kohli, Pramod Gubbi, Marcellus, Lee, Gubbi, Knight Frank, What's, Malcolm Dorson, Dorson Organizations: Tata Group, Fortune India, Tata Sons, Tata Steel, Tata Consultancy Services, Tata Motors, Titan Company, Marcellus Investment, Lee Kuan Yew, of Public, National University of Singapore, Bombay Stock Exchange, Global, Volvo, Apollo Locations: India, Tata, CNBC's, Hong Kong, Pune, Hyderabad, Ahmedabad, Chennai, U.S

☆ Supino: Netflix can rightly claim it won the streaming wars.
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupino: Netflix can rightly claim it won the streaming wars. Peter Supino, Managing Director & Senior Analyst at Wolfe Research, discusses Netflix's subscriber growth and engagement trends. While subscribers are up, he notes that engagement has declined due to the impact of the paid sharing program, which has led some password sharers not to convert to subscriptions.

Persons: Peter Supino Organizations: Netflix, Wolfe Research

☆ Loop Capital on Netflix: Not cheap but fundamentals continue improving
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLoop Capital on Netflix: Not cheap but fundamentals continue improvingAlan Gould, Loop Capital analyst, joins 'Squawk on the Street' to discuss what to expect for Netflix's quarterly earnings results, which number will be most important to monitor for, and what's working for Netflix.

Persons: Alan Gould Organizations: Netflix, Loop Capital

☆ Netflix's 'Sweet Bobby' is the story of an 8-year catfishing case. Here's what the victim thinks motivated it.
▼ + stars: | 2024-10-16 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

In "Sweet Bobby: My Catfish Nightmare," Kirat Assi describes being deceived for almost a decade. AdvertisementWarning: Spoilers ahead for Netflix's "Sweet Bobby: My Catfish Nightmare" and Tortoise's podcast "Sweet Bobby." Kirat Assi, a woman catfished by a relative for eight years, is telling her story again in Netflix's new documentary "Sweet Bobby: My Catfish Nightmare." In "Sweet Bobby," Assi describes how Bhogal created Facebook accounts to pretend to be a real-life person, Bobby Jandhu, and his family members to carry on an online relationship with her — the phenomenon known as catfishing. Courtesy of NetflixIn the podcast, Assi described a draft apology letter Bhogal gave her after Assi took legal action against her in 2020.

Persons: Bobby, Assi, —, Simran Bhogal, Anna, Bhogal, Bobby Jandhu, Bobby Jandhu's, Jandhu, Kirat Assi, didn't, Alexi Mostrous Organizations: Service, Netflix Locations: London

☆ Novavax says FDA put hold on combination Covid-flu shot and influenza vaccine; shares plunge
▼ + stars: | 2024-10-16 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Novavax on Wednesday said the Food and Drug Administration has put a hold on its application for a combination shot targeting Covid and influenza and a standalone flu vaccine, sending the company's shares down sharply. A clinical hold is an order issued by the FDA to a manufacturer to delay or suspend a proposed clinical investigation on a drug. Still, it appears to be a setback for the biotech company, which is scrambling to bring new products to market as demand for its Covid vaccine plummets worldwide. Novavax said it was working with the FDA to resolve the clinical hold on its combination shot and standalone flu vaccine. Novavax's shot, meanwhile, fends off the virus with protein-based technology, a decades-old method used in routine vaccinations against hepatitis B and shingles.

Persons: Novavax, Dr, Robert Walker, Novavax's, fends Organizations: Dutch Health Service Organization, Food and Drug Administration, FDA, Public, Pfizer, Moderna, Covid Locations: The Hague, Netherlands

☆ Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
▼ + stars: | 2024-10-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Cloud startups raised $62.5 billion in Europe, Israel and the U.S. in 2023, the report found. Funding is up 65% from the $47.9 billion cloud firms raised four years ago, according to Accel. AI is eating softwareMuch of the growth of funding in cloud is being driven by excitement around AI. Globally, companies building so-called foundational models, which power much of today's generative AI tools, account for two thirds of overall funding for generative AI firms, Accel said. Big Tech's AI splurgeThe U.S. took the lead globally in terms of overall regional generative AI investment raised.

Persons: OpenAI, ChatGPT, Philippe Botteri, Botteri, Accel's, Anthropic, Elon Musk's xAI, Britain's, France's Mistral, Accel, Dev Ittycheria, Ittycheria Organizations: Accel, Venture, Microsoft, CNBC, Accel —, Nasdaq, Alpha, Google Locations: U.S, Europe, Israel, genAI

☆ Scream queen Kate Siegel has starred in some of Netflix's biggest horror hits. Now, she's tackling her scariest endeavor yet: directing.
▼ + stars: | 2024-10-16 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

She often collaborates with her husband, horror auteur Mike Flanagan, who wrote and directed both. Siegel has now moved behind the camera, making her directorial debut in the franchise "V/H/S." ShudderSiegel was already a longtime fan of the "V/H/S" franchise when she was approached to direct a segment for the latest installment, "V/H/S/Beyond," now streaming on Shudder. They didn't take no for an answer, however, and with some extra encouragement from her manager and her husband, Siegel agreed to take the leap. AdvertisementShe credits Josh Goldbloom, the producer responsible for rebooting the "V/H/S" franchise in 2021 after a seven-year hiatus, with changing her mind.

Persons: Kate Siegel, Netflix's, Usher, Mike Flanagan, Siegel, —, She's, Poe, Alanah Pearce, Shudder Siegel, Adam Wingard, Abigail, Josh Goldbloom, she'd, Flanagan, Gareth Cattermole, Trevor Macy, Kate, Denis Villeneuve, Jordan Peele, she's, I've, Stephen King, King, I'm, Shirley Jackson, he's, Charlotte Perkins Gilman Organizations: Service, Netflix, Toronto, Intrepid Pictures, Amazon Studios Locations: Bly

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