Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Wall St. Is Making a Comeback. Was It Something the Fed Said? Supported by ByMatt Phillips Jan. 20, 2019 Stocks have staged a remarkable turnaround in the early days of 2019, rebounding after an end-of-the-year tailspin that was fomented by fears of recession in the United States. Three straight weeks of gains in the new year on Wall Street have erased nearly all of 2018’s losses. It’s the best start to a year since 1987. Even so, many factors behind last year’s troubling decline remain unresolved. American companies and consumers are less optimistic about the future, and large economies like Germany and China are signaling a global slowdown driven by the trade war. Britain is in turmoil over leaving the European Union. And a new concern, the longest federal government shutdown in … [Read more...] about Wall St. Is Making a Comeback. Was It Something the Fed Said?
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(Reuters) - Netflix Inc (NFLX.O) reported revenue and a first-quarter forecast slightly below Wall Street estimates on Thursday, sending shares of the world’s largest streaming service down 4 percent in after-hours trading. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson The company released its massively popular dystopian movie “Bird Box” late in the fourth quarter, which helped attract a record 8.8 million new paid streaming customers in the period, but investors appear to have factored that into their valuation, pushing Netflix shares up more than 50 percent since late December. “Results won’t push its stock higher from here, with most of the good news already priced in after a massive rally earlier this month,” said Investing.com senior analyst Haris Anwar. Netflix reported revenue of $4.19 billion for the quarter that ended in December, slightly … [Read more...] about Netflix forecast misses Wall Street view, shares dip
By Anna Wilde Mathews WSJ Sarah Nassauer WSJ Tues., Jan. 15, 2019 CVS Health Corp. is battling Walmart Inc. over the cost of filling prescriptions, a clash that could result in a split between the retail behemoth and the health-care giant. Walmart is expected to leave CVS Caremark pharmacy networks over the dispute, a split that could occur as soon as early February, though CVS said it has asked for an extension through April 30. The two sides could also still end up hammering out a deal, despite the current public hostilities. Different versions of how the dispute played out quickly emerged. CVS Caremark, the pharmacy-benefits unit of CVS Health, said Monday that Walmart is seeking an increase in what the retailer gets paid for prescriptions, which would “ultimately result in higher costs for our clients and consumers.” CVS Caremark, which is separate from CVS’s retail drugstores, reimburses pharmacies when shoppers with CVS Caremark … [Read more...] about Walmart Could Leave CVS Caremark Pharmacy Networks Amid Dispute
There’s no shortage of sobering stats on the gender parity gap: Only 2% of venture capital funding went toward female founders last year, and the percentage of women CEOs at Fortune 500 companies actually declined. This stark reality stands despite a new era of female entrepreneurship and community building, as evidenced by the success of coworking spaces such as The Wing and female-centered business conferences like Create + Cultivate. But what about women at the very, very top? What about the C-suite executives? Chief, a private network of powerful women launching Tuesday, caters to: women on their way up to or already inhabiting the executive level. Modeled much like YPO (Young Presidents’ Organization), the male-dominated global organization for CEOs, it focuses on mentorship–pairing women with powerful contemporaries across a broad range of industries. It’s a multipronged approach that comes with a New York City “clubhouse,” a digital network … [Read more...] about This new private network for women execs looks to replicate the old boys’ club
Robert Langreth and Matthew Boyle Bloomberg News Published 9:04 AM EST Jan 15, 2019 Walmart Inc. will leave CVS Health Corp.’s network that administers drug benefits for millions of Americans, in a dispute over costs that could roil the business of filling prescriptions. Walmart, the world’s largest retail chain, was demanding higher reimbursements for its in-store pharmacies where customers who have CVS pharmacy-benefit management plans could pick up their prescriptions, CVS said in a statement announcing the split. Walmart said it was resisting efforts by CVS to steer consumers to certain pharmacies to have their prescriptions filled. The Bentonville, Arkansas, company said in an emailed statement that it was committed to giving customers access to affordable health care, “but we don’t want to give that value to the middle man.” “This issue underscores the problems that can arise when a PBM can exert their unregulated power to direct members … [Read more...] about Walmart to leave CVS Pharmacy network