Netflix earnings forecast disappoints Wall Street, shares tumble

Netflix projected third-quarter revenue and earnings below Wall Street expectations. The company will now release viewing-hours reports annually instead of semi-annually. Netflix is focusing on advertising, live events, and video games for future growth. Its stock experienced a significant decline after the financial forecast was announced. Engagement metrics remain healthy, and the company is exploring…

Global Market Today: Asian stocks drop after chip selloff, oil gains

Asian stocks declined as chipmakers pulled down Wall Street amid valuation concerns. Oil prices climbed higher this week due to escalating Middle East hostilities. Investors are questioning the sustainability of massive artificial intelligence investments and tech valuations. Heightened geopolitical tensions fueled inflation worries and potential interest rate hikes. Consumers continue spending and the labor market…