Tag: asset management

What does a mature streaming service look like? Netflix is about to show us

Netflix Inc. proved to the world that streaming video could be a big business. Now it will show the world what that business looks like when it hits maturity. Netflix’s growth stage hit warp speed during the COVID-19 pandemic, then fell off in the first quarter after nearly a year of staggering growth. When the […]

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GlaxoSmithKline defends itself against activist Elliott, recognizing need for ‘improved and sustained value’

GlaxoSmithKline GSK, +0.06% has issued a formal response to investor Elliott Management’s public letter this week calling for a shake-up of the pharmaceutical giant’s board of directors and executive team. GSK, one of the U.K.’s largest companies by market capitalization, backed its strategy and chief executive, Emma Walmsley, after the U.S. activist fund called on […]

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Fed’s Bullard says most cryptocurrencies ‘are worthless’

St. Louis Fed President James Bullard warned Monday that investors should be careful when investing in cryptocurrencies, and dismissed most of them as “worthless.” In an interview with Yahoo Finance, Bullard admitted that digital currencies that are able to “facilitate transactions that are difficult to make in conventional currencies” do have a place alongside fiat […]

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