Netflix stock surged higher late Tuesday after the Internet TV service reported stronger-than-expected international subscriber growth and better profitability than forecast for the fourth quarter. But while Netflix (NFLX) is growing its subscriber base like gangbusters in international markets, its growth in the U.S. has slowed. Netflix added 5.59 million total new streaming subscribers in Q4, which topped its guidance for 5.15
Chinese uncertainty forced No. 1 chipmaker Intel to soften its Q1 guidance late Thursday after the company reported Q4 sales and earnings that topped Wall Street views following its recent acquisition of programmable-logic device maker Altera. Despite the beat, Q4 profit margins slipped and data center sales slowed, and Intel (INTC) stock was down more than 4% in after-hours trading, after the release. In Q4, sales of chips for
Transportation Secretary Anthony Foxx unveiled several initiatives at the Detroit auto show Thursday to try to ease concern from automakers and technology firms that heavy regulation would limit autonomous driving on U.S. roads. The National Highway Traffic Safety Administration within six months will propose best-practice guidance on the safe operation for fully autonomous vehicles. Regulators also unveiled a budget proposal to spend nearly $4