Netflix Stock Drops Despite Strong Earnings as Reed Hastings Steps Down

Netflix reported better-than-expected first-quarter 2026 results, driven by higher membership prices and increased advertising revenue, yet its stock fell sharply in after-hours trading following the announcement that co-founder and chairman Reed Hastings would step down from the board. The streaming giant posted a 16% year-over-year increase in revenue for Q1 2026, marking its first full … Read more

Jerome Powell’s Future at the Fed: Warsh Nomination Blocked, Potential 2028 Exit

Washington D.C. – Federal Reserve Chair Jerome Powell has indicated he is prepared to remain at the helm of the central bank even if his nominated successor, Kevin Warsh, faces continued hurdles to confirmation. This development, announced during a press conference on Wednesday, introduces a layer of uncertainty into the future leadership of the Fed … Read more