Shares of Netflix closed down more than 35% Wednesday after the streamer reported earnings Tuesday evening that showed it lost subscribers for the first time in more than 10 years. The results and weak outlook led to a wave of downgrades from Wall Street on fears over the company’s long-term growth potential.
US rent prices reach record highs as buyers pushed out of market
Rent prices across the U.S. climbed to record highs in March largely because an increasing number of potential buyers are being pushed out of the market, according to a new report.
Cramer says a seasoned technical analyst expects inflation peak, market rally into June
CNBC’s Jim Cramer on Wednesday said inflation could peak and the market could recover soon, leaning on chart analysis from legendary market technician Larry Williams.