Shares of Netflix Inc. (NFLX) tanked nearly 20% in extended hours on Thursday after the online-video streaming giant reported fourth-quarter results, with earnings beating Street view, however, subscriber growth was below expectations. Netflix added 8.28 million subscribers globally in the quarter, below its own forecast of 8.50 million, to end the quarter with 221.84 million subscribers. The company added 1.19 […]

American Airlines criticized for pilot’s ‘Let’s Go Brandon’ sticker ‘Kennedy’ party panel debates the political ‘hypocrisy’ of the airline’s response. An American Airlines flight was forced to turn around on Wednesday after a passenger refused to comply with the federal mask requirement. The flight was in-air headed to London Heathrow Airport from Miami International Airport when it was forced to […]

German economic confidence improved more-than-expected to a six-month high in January as the economy is expected to pick up over the coming months, survey results from the ZEW – Leibniz Centre for European Economic Research showed on Tuesday. The ZEW Indicator of Economic Sentiment rose to 51.7 in January from 29.9 in the previous month. The reading was well above […]

IRS warns of ‘frustrating’ tax filing season The IRS warns tax refunds could be delayed due to staffing shortages and processing backlogs. FOX Business’ Gerri Willis with the latest.  Industry experts are urging the Internal Revenue Service to provide targeted relief for taxpayers ahead of what's likely to be "frustrating" tax season as the agency wades through a deluge of […]

IRS warns of ‘frustrating’ tax filing season The IRS warns tax refunds could be delayed due to staffing shortages and processing backlogs. FOX Business’ Gerri Willis with the latest.  The Internal Revenue Service is prematurely sending some Americans collection notices even though they filed their returns, as the agency works to wade through a deluge of unprocessed returns from years […]

Delta Air Lines (DAL) said the company ended December with revenues nearly 80 percent recovered to 2019 levels on strong demand and pricing during the holiday period. Fourth quarter adjusted operating revenue was 74 percent recovered compared to December quarter 2019 on capacity that was 79 percent restored, the company said. Looking forward, Delta Air Lines anticipates recent rise in […]

Mr. Virmani noted that COVID-19 pandemic hit economic recovery and pushed for tax reforms. The Indian economy is likely to register a growth of 9.5% in this financial year, former Chief Economic Advisor Arvind Virmani said on January 11. Addressing a virtual event organised by industry body PHDCCI, Mr. Virmani said government expenditure and exports have peaked, but so far […]

UK house price inflation accelerated sharply at the end of 2021, but the pace is set to slow this year amid expectations of further interest rate hikes and increasing pressures on household budgets, results of a survey by the Lloyds Bank subsidiary Halifax and IHS Markit showed Friday. The house price index rose 9.8 percent year-on-year following an 8.2 percent […]

The millionaires used to showing off their wealth by ordering buckets worth of champagne and sparklers in exclusive nightclubs have had much of their partying interrupted by the pandemic. This New Year’s Eve, with Omicron cases rising rapidly, many were forced to ring in 2022 from inside their homes with no onlookers in sight. Status-seeking must wait another year. The […]

Activity in the U.S. manufacturing sector grew at a slower rate in the month of December, according to a report released by the Institute for Supply Management on Tuesday. The ISM said its manufacturing PMI slid to 58.7 in December from 61.1 in November. While a reading above 50 still indicates growth in the sector, economists had expected the index […]