Reed Hastings, Hedge Funds Dealt Blow After Netflix Miss
Reed Hastings’s fortune was already on the decline before Netflix Inc., the streaming giant he co-founded, reported dismal first-quarter earnings.
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IMF Cuts Growth Outlook on Russia Invasion, China Lockdowns
The International Monetary Fund slashed its world growth forecast by the most since the early months of the Covid-19 pandemic.
Russian Companies Must Revoke Foreign Listings by May 5, Central Bank Says
Per Central Bank of Russia - Companies that are registered in Russia and have depositary receipts traded on foreign bourses must revoke them by May 5.
Central Banks Won’t Let 1970s Stagflation Take Hold, Macklem Says
In Canada, Tiff Macklem had a message for investors: There’s no reason to worry about inflation getting out of hand.
JPMorgan's Dimon Gives Gloomy Outlook as Profit Slumps
JPMorgan Chase & Co's Chief Executive Jamie Dimon warned of economic uncertainties arising from Russia's invasion of Ukraine and soaring inflation.
Deutsche Bank, Commerzbank Sink on Mystery $1.9 Billion Sale
Deutsche Bank AG and Commerzbank AG shares tumbled after stake sales worth a combined 1.75 billion euros ($1.9 billion) in Germany’s two big banks.
China Limits Sales by Some Funds as Stocks Slide Again
Chinese authorities sought to put a floor under the nation’s slumping stock market by limiting share sales by some mutual funds.
