Hulu is lowering the price for its least expensive subscription plan while raising the cost of its live TV offering, a move that aims to bolster its subscriber numbers while increasing the margins on its most expensive plan. Hulu’s basic plan—which lets users stream TV shows, with ads, but doesn’t include live sports and news—will cost $5.99 a month starting Feb. 26, down from $7.99 previously. The streaming service, which last lowered the price of its basic plan in 2010, decided to further cut the cost after running promotional campaigns last year that discounted the offering to $5.99, ...
Ford Motor Co., which has struggled overseas and saw U.S. sales fall last year, reported its first quarterly net loss in two years Wednesday. Ford made $3.68 billion for the full year, but that was only about half of what its net profit was in 2017. North America was its only profitable region.
Synchrony Financial said Wednesday Walmart Inc. has agreed to drop a lawsuit against the bank that alleged it breached the terms of their long-running credit-card deal. In the lawsuit, filed late last year in the U.S. District Court of the Western District of Arkansas, Walmart said that some of Synchrony’s underwriting standards financially harmed the retailer. Walmart was seeking estimated damages of at least $800 million.
Ford Motor Co.’s bottom line last year suffered amid worsening losses in China and Europe, underscoring the urgency of the company’s planned overseas restructuring and the pressure on its strong U.S. business to keep producing. Ford’s North American business and lending arm in 2018 generated $10.2 billion in operating income, which is adjusted for one-time items. Chief Executive Jim Hackett’s turnaround plan hinges on restructuring weak parts of the business around the globe, including in China and Europe, while betting bigger on trucks and SUVs in the U.S. He is counting on the U.S. ...
The giant hedge funds that treat stocks like a plaything, or individual stock investors who pick the stocks of good companies to invest in and own-not rent-but own them. The giant hedge funds, the ones that take the temperature of the market every day and make decisions based on one factor, the price of oil, which is almost entirely hostage right now to the trade talks with China. Oil declined today because there was no news about the trade talks an no news is bad news.
Looking over Ford's fourth quarter and full year's earnings release, it's clear that the company is no longer deriving the same value from its revenue increases. Ford blamed the loss on one-time items including pensions and layoffs. Ford posted a loss in every segment outside of North America where it seems to be squeaking by on trucks.
Jonathan Golub, Credit Suisse, says fear is fading and a double-digit rally is on the way this year. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Steve Grasso and Guy Adami.