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Netflix shares dive as co-founder Reed Hastings steps away

Netflix shares dive as co-founder Reed Hastings steps away

Netflix shares plummeted more than nine percent Thursday as the TV streaming titan's quarterly earnings failed to impress investors and co-founder Reed Hastings announced he is leaving. Hastings, who helped grow the revolutionary DVD-by-mail company into a global entertainment behemoth, will depart Netflix to "

Your Top April Questions: Tax Refunds, Debt and More

Your Top April Questions: Tax Refunds, Debt and More

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Each week, we answer money questions from around the web on the

Netflix shares dive as revenue barely beats expectations

Netflix shares dive as revenue barely beats expectations

Netflix shares plummeted more than 8 percent on Thursday as the TV streaming titan reported quarterly revenue of $12.25 billion, which slightly topped expectations. An earnings letter to investors came with word that co-founder Reed Hastings will step away from the company when his term as chairman of

Luxury group Kering seeks to make flagging Gucci 'unmissable' again

Luxury group Kering seeks to make flagging Gucci 'unmissable' again

French luxury group Kering promised Thursday to make its flagship Gucci brand once again "unmissable" and boost production of leather goods as it seeks to turn around its financial performance. Chief executive Luca de Meo presented a new strategy for the Paris-based conglomerate, which also owns Yves

Are QVC & HSN Shutting Down as Owner Files for Bankruptcy?

Some big changes may be coming to QVC and HSN. News broke on Thursday, April 16, that the networks’ parent company, QVC Group, is reportedly filing for Chapter 11 bankruptcy protection. “As of the Petition Date, we intend to operate our businesses as a debtor-in-possession under the jurisdiction

Stores Don’t Want Your Returns Anymore — How to Shop Smarter Now

Stores Don’t Want Your Returns Anymore — How to Shop Smarter Now

As a parent of teens who tell me they need things the day before they need them, online shopping is a big part of my life. What size cleats do they need for softball? Unclear, so I order three pairs. Someone needs jeans? Women’s sizing is nonsensical, so I

5 Ways to Be ‘Money Proud’

5 Ways to Be ‘Money Proud’

Money advice isn’t one-size-fits-all. How we navigate finances differs based on our backgrounds, priorities and family structures. For LGBTQ+ consumers, that can mean traditional money advice doesn’t always apply, says Nick Wolny, a personal finance columnist for Out magazine. That’s why he wrote “Money