• Netflix sinks to its lowest level in more than 3 months

    1 month ago - By Business Insider

    Netflix plunged as much as 4.89% Wednesday, hitting its lowest level in more than 3 months.
    Shares have been under pressure since the streaming giant reported disappointing second-quarter results.
    Netflix "is in a vicious spiral to the bottom in content spend," long-standing Netflix bear Michael Pachter recently told Business Insider.
    Watch Netflix trade in real time here .
    Netflix plunged as much as 4.89% Wednesday, hitting a low of $321, a level not seen in more than three months. Shares are trading in a bear market - down more than 23% from their June highs.
    Wednesday's selling comes as...
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  • The 'unraveling' pound is on its worst run since the financial crisis - and it's only going to get worse

    The 'unraveling' pound is on its worst run since the financial crisis - and it's only going to get worse

    1 month ago - By Business Insider

    If the pound ends Wednesday lower, it will have seen its longest losing streak since the financial crisis.
    It will have dropped for 11 consecutive days against the dollar.
    Factors hitting sterling include the rising risk of a no deal Brexit and the currency crisis in Turkey.
    The bad news for investors and Brits going on holiday is that things don't look likely to get better any time soon.
    You can track the pound on Markets Insider.
    LONDON - The pound is headed for its longest losing streak against the dollar since the depths of the financial crisis as a perfect storm "unravels" the UK's...
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  • GE is trading at its lowest level since the financial crisis

    GE is trading at its lowest level since the financial crisis

    1 month ago - By Business Insider

    General Electric plunged to a post-crisis low of $12.01 on Wednesday.
    The once-sprawling conglomerate is in the middle of a turnaround effort, led by new CEO John Flannery, but those changes have been slow to change the stock's trajectory.
    Follow GE's stock price in real-time here.
    Shares of General Electric sank 2.7% Wednesday, to hit $12.01, the stock's lowest level since the financial crisis in 2009.
    GE's gross profit has fallen significantly from $59.19 billion in 2010 to just $11.49 billion in 2017. The stock has fallen in step.
    CEO John Flannery, who took over last year from Jeff...
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  • GE is trading at its lowest level since the financial crisis

    GE is trading at its lowest level since the financial crisis

    1 month ago - By Business Insider

    General Electric plunged to a post-crisis low of $12.01 on Wednesday.
    The once-sprawling conglomerate is in the middle of a turnaround effort, led by new CEO John Flannery, but those changes have been slow to change the stock's trajectory.
    Follow GE's stock price in real-time here.
    Shares of General Electric sank 2.7% Wednesday, to hit $12.01, the stock's lowest level since the financial crisis in 2009.
    GE's gross profit has fallen significantly from $59.19 billion in 2010 to just $11.49 billion in 2017. The stock has fallen in step.
    CEO John Flannery, who took over last year from Jeff...
    Read more ...