Author: super@dmin

The SEC has filed charges against former NewAge Inc. CEO Brent David Willis, accusing him of a “multi-year fraud” that included misleading public statements.

Netflix Inc. added more than 2 million subscribers in the third quarter after starting off 2022 with two consecutive quarterly declines, a rebound that sent shares more than 15% higher in after-hours trading Tuesday.

Macy’s Inc. and Nordstrom Inc. became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending.

Tuesday’s top personal finance stories.

Netflix Inc. executives on Tuesday detailed their plans to crack down on users sharing their accounts on the streaming service, which is expected to arrive early next year.

Nordstrom Inc. said Chief Financial Officer Anne Bramman is leaving the company Dec. 2.

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The U.S. economy falling into recession within the next 12 months is a virtual certainty, according to the latest Bloomberg Economics forecast model released on Monday.

“Snap is the worst-performing stock in our coverage universe thus far in 2022,” Brian White of Monness Crespi Hardt said in a note Monday. “Moreover, we believe the darkest days of this economic downturn are ahead of us.” 

Expect more shocks to markets as central banks further increase policy rates to fight inflation, warns this Vanguard economist.