Business

June 9 (Reuters) – Daily U.S. sign-ups for Netflix (NFLX.O) have jumped in the first few days after the streaming giant’s password-sharing crackdown came into effect on May 23, data from research firm Antenna showed.The news sent shares of the company up 2.3% to $418.92 in early trading.Looking for new ways to make money in… […]

June 9 (Reuters) – Traders who have sold Tesla Inc (TSLA.O) shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker’s current winning streak, according to the latest data from S3 Partners.Tesla’s current rally, which will span 11 sessions if it closes Friday’s session higher, has the stock up… […]

NEW YORK, June 9 (Reuters) – Stephanie Cohen, the head of Goldman Sachs Group Inc’s (GS.N) fintech unit called Platform Solutions, is taking a leave of absence for family reasons, she said in a memo to staff seen by Reuters.”The past year has brought some challenges for my family,” Cohen said in the memo. “While… […]

June 9 (Reuters) – The Biden administration on Friday announced it would impose inflation penalties on 43 drugs for the third quarter of 2023, having fined 27 earlier this year, in a move it said would lower costs for older Americans by as much as $449 per dose.Drugmakers hiked the price of these 43 drugs… […]

June 8 (Reuters) – Motorcycle maker Harley-Davidson (HOG.N) has temporarily halted production at its York, Pennsylvania, assembly plant for the second time in just over 12 months due to a parts shortage, the company said.Production at the facility, its largest with nearly 1,000 union employees, will resume on June 13, it noted in an emailed… […]

MADRID, June 8 (Reuters) – U.S. electric car manufacturer Tesla (TSLA.O) is in talks with the leaders of the regional government of Valencia in Spain to make an automotive investment, a source close to the discussions has told Reuters.A spokesperson for Valencia’s regional government told Reuters it had held meetings and conversations with an unidentified… […]

NEW YORK, June 8 (Reuters) – Bank of America Corp (BAC.N) promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan, according to a memo seen by Reuters on Thursday.The leadership change was one of several announced by the second largest U.S. bank. It also elevated… […]

TOKYO, June 8 (Reuters) – Japanese truck maker Isuzu Motors (7202.T) said on Thursday it was not planning to move a factory to Indonesia from Thailand, a day after the Indonesian industry minister signalled it would.”While our company continues to focus on Indonesia as a major market, there are no plans to relocate a Thai… […]

WASHINGTON, June 8 (Reuters) – Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the world’s largest crypto exchanges, for allegedly breaching its rules.The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are… […]