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Netflix’s growth driver continued to be its international user base in the last quarter of 2019, its latest financial results showed.

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21 Jan, 2020 / 22:18

The biggest single move by Starbucks’s customers who want to go green might be to stick with black coffee. Overall, dairy accounted for 21% of the company’s global carbon footprint in 2018.

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21 Jan, 2020 / 22:09

Netflix Inc. on Tuesday reported a bump in revenue and global net additions, but offered soft subscription guidance for the current quarter, sending shares slightly down in extended trading.

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21 Jan, 2020 / 21:45

Netflix Inc (NASDAQ: NFLX) bested its international subscriber growth goals, increasing global streaming subscribers by 20% year over ...

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21 Jan, 2020 / 21:27

Netflix Inc. on Tuesday reported a bump in revenue and global net additions, but offered soft guidance for the current quarter, sending shares slightly down in extended trading.

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21 Jan, 2020 / 21:24

For online streaming providers, content is king.

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21 Jan, 2020 / 21:18

These stocks give investors a good mix of value and income. But which is the best overall opportunity?

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21 Jan, 2020 / 21:15

(Bloomberg) -- International Business Machines Corp. reported revenue in the fourth quarter that beat analysts’ estimates, breaking a streak of five consecutive declines as its push into the hybrid cloud market slowly starts to bear fruit. The shares jumped in extended trading.Sales were $21.8 billion in the quarter, up almost 0.1% from the same period a year earlier, the Armonk, New York-based company said in a statement Tuesday. Wall Street had forecast $21.6 billion.The increase stemmed from IBM’s acquisition of Red Hat, which it completed in the third quarter last year, helping boost the cloud and cognitive software division 8.7% from a year earlier. Total cloud revenue was $6.8 billion, the highest ever.Chief Executive Officer Ginni Rometty is hanging the company’s future on the market for hybrid cloud, which allows companies to store data in cloud servers on private and multiple public clouds run by its rivals Amazon Web Services and Microsoft Corp.’s Azure. IBM spent $34 billion in 2018 to acquire Red Hat to help kick this strategy into gear. The company plans to use Red Hat to offer enhanced security services and applications in the hybrid cloud.Red Hat contributed $1 billion in revenue in the quarter ended Dec. 31, but IBM was only allowed to recognize $573 million of that due to U.S. accounting standards. IBM reported earnings excluding some costs of $4.71 a share, beating the average analyst estimate of $4.69. The company said it expects adjusted earnings per share of at least $13.35 for 2020, ahead of Wall Street’s projections for $13.29.Global Technology Services, which represents about 30% of IBM’s overall revenue, continued to decline. The technology consulting unit had revenue of $6.9 billion, which is down 4.8% from the same period last year. Global Business Services also declined, to $4.2 billion -- a 0.6% drop from a year earlier.Once the world leader in technology, IBM has lagged behind rivals for years after largely missing the cloud revolution. “The company has been struggling in a raging bull market for tech stocks,” said Ivan Feinseth, a director of research and analyst at Tigress Financial. “All types of tech companies have been growing expect for IBM.”IBM has long struggled with revenue growth, a factor that has weighed on shares. The stock rose about 4% in extended trading following the report.To contact the reporter on this story: Olivia Carville in New York at ocarville1@bloomberg.netTo contact the editors responsible for this story: Molly Schuetz at mschuetz9@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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21 Jan, 2020 / 21:07

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Microsoft Corporation (MSFT), where a total volume of 176,784 contracts has been traded thus far today, a contract volume which is representative of approximately 17.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 77.9% of MSFT's average daily trading volume over the past month, of 22.7 million shares..

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21 Jan, 2020 / 21:06

Apple (AAPL) reports Q1 FY2020 earnings after market close on January 28, 2020. Can the company show strong growth in its services revenue?

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21 Jan, 2020 / 20:50

Facebook's role in elections and its UK expansion, Apple's Cook in Ireland, Alibaba's certification and the EU ban on facial recognition technology are the top stories.

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21 Jan, 2020 / 20:44

(Bloomberg) -- Apple Inc. is discussing making original podcasts related to programs on its Apple TV+ video streaming service, another sign of the technology giant’s growing ambitions in entertainment, according to people familiar with the plans.Apple sent out a request for pitches last summer, asking podcast producers to pitch ideas for audio programs with some connection to its shows, one of the people said. The company has since discussed making podcasts with producers of its original series, according to two of the people, who asked not to be identified because the plans aren’t final.The audio shows would help market Apple’s growing slate of original programs, which have already picked up some accolades. “The Morning Show” earned three nominations at the 2020 Golden Globe Awards, and star Jennifer Aniston was named best actress at the Screen Actors Guild Awards. “Little America,” an anthology series released Jan. 17, has gotten rave reviews from critics.Apple, based in Cupertino, California, declined to comment.The plan speaks to Apple’s big bet on entertainment and media. After decades of making popular devices like the iPhone and iPad, Apple is investing billions in online services that generate additional sales from its existing customers. Services accounted for more than $12 billion in sales last quarter for Apple, but the hope is to get much more.Apple released its first batch of TV series last November in conjunction with the debut of Apple TV+, its paid video service. The company plans to spend billions of dollars a year on original TV shows and movies, and has signed exclusive deals with Oscar-winning director Alfonso Cuaron and Emmy-winning actress Julia Louis-Dreyfus.Apple’s strategy is in many ways modeled after Netflix Inc., owner of the world’s most popular paid TV network. Netflix already produces podcasts that take viewers behind the scenes of shows, profiles its employees and spotlights prominent black members of the entertainment industry.Podcasting is hardly a new business for Apple. The company is the dominant distributor of such programs in the U.S. and many international markets. More than half of all podcast listening happens in the company’s Podcasts app.But the company is under new pressure from Spotify Technology SA, already Apple’s biggest competitor in paid music. Spotify has spent more than $400 million on podcasting companies over the past year, and it’s commissioning dozens of original podcasts exclusive to its service.While Apple has transitioned from selling other companies’ movies and TV shows to produce its own, it has yet to do the same in podcasting. Apple has discussed funding original podcasts of its own, however, and these podcasts would be a step in that direction.To contact the reporters on this story: Lucas Shaw in Los Angeles at lshaw31@bloomberg.net;Mark Gurman in Los Angeles at mgurman1@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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21 Jan, 2020 / 19:57

(Bloomberg Opinion) -- How can institutions balance the existing businesses that pay the bills today with creating the new technologies that will pay the bills tomorrow? That was the challenge facing this week's guest on Master in Business, Safi Bahcall, a member of President Barack Obama’s council of science advisers, and author of the book, “Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries.”Bahcall said that soon after he was appointed he was told he should update Vannevar Bush’s guidelines to innovation in government. The problem was, he had no idea of who Vannevar Bush was. He dove into his history and discovered that it was Bush who had persuaded President Franklin Roosevelt to create the Office of Scientific Research and Development, which played a huge role in the war effort. The OSRD accelerated development of existing technologies and created new ones, including radar and the proximity fuse, which detonates munitions when they reach a predetermined distance from a target.Bahcall argues that too many institutions fail to transition to thinking about the future from operating in the present. The group that is making the money for the company today wants to stick with what is working and those projects that have a very high success rate. The group that is creating the game-changing products are taking chances on ideas with a very high failure rate. Bridging the two groups is the role of leadership, something that companies such as Apple and Pixar historically have done well.His favorite books can be seen here; a transcript of our conversation is here.You can stream/download the full conversation, including the podcast extras on Apple iTunes, Overcast, Spotify, Google, Bloomberg and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.Next week, we speak with Barbara Tversky, professor of psychology at Stanford and Columbia, and author of "Mind in Motion: How Action Shapes Thought." Tversky was married to the now-deceased Amos Tversky, and helped Michael Lewis research his book on Tversky and Daniel Kahneman, "The Undoing Project."To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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21 Jan, 2020 / 19:48

U.S. President Donald Trump will attend a breakfast meeting on Wednesday with Apple Inc Chief Executive Tim Cook and other business leaders on the sidelines of the annual meeting of the World Economic Forum in Davos, Switzerland, according to sources familiar with the situation.

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21 Jan, 2020 / 19:35

The latest global economic news, which includes a deadly virus that began in central China. Trump's speech in Davos. Uber news. What to expect from Netflix earnings. And why GoDaddy (GDDY) is a Zacks Rank 1 (Strong Buy) stock right now...

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21 Jan, 2020 / 19:19

The annual meeting of the World Economic Forum (WEF) kicked off on Tuesday in the ski town of Davos.

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21 Jan, 2020 / 19:04

The sell-side is unequivocal about a pickup in Apple Inc.'s (NASDAQ: AAPL) iPhone momentum, and have scrambled to upwardly revise ...

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21 Jan, 2020 / 19:03

U.S. President Donald Trump will attend a breakfast meeting on Wednesday with Apple Inc Chief Executive Tim Cook and other business leaders on the sidelines of the annual meeting of the World Economic Forum in Davos, Switzerland, according to sources familiar with the situation.

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21 Jan, 2020 / 18:48

BTCPay has released a new desktop application – BTCPay Vault – to integrate user hardware wallets into its system and allow more users to take advantage of its full Bitcoin node.  Established in 2017, BTCPay is a self-hosted, open-source bitcoin payments processor. According to an official blog post, the platform does not store private keys […]The post Self-hosted bitcoin payments processor BTCPay launches new 'Vault' desktop app appeared first on The Block.

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21 Jan, 2020 / 18:32

The planned building at 2nd Avenue and Mercer Street, expected to open in mid-2021, will include 91 apartments for formerly homeless adults as well as an arts space.

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21 Jan, 2020 / 18:28

The annual meeting of the World Economic Forum (WEF) kicked off on Tuesday in the ski town of Davos.

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21 Jan, 2020 / 18:16

Top tickers for midday: TSLA, AAPL, NIO, AMD, BYND, UBER, MSFT, NFLX, ROKU, FB, BABA, SNAP, LK, INTC, BAC, BA, AMZN, AMRN, V, DIS.

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21 Jan, 2020 / 18:15

Stock valuations have gotten so high that the value crowd is crowing again.

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21 Jan, 2020 / 17:48