Get the latest gossip
Netflix Rare Media Gainer As Markets Swoon Amid Trump Tariffs, Fed Bashing
Netflix is a rare media stock on the rise today as markets tank amid tariffs and President Donald Trump’s renewed vitriol against Fed chief Jerome Powell.
Media analyst Peter Supino from Wolfe Research, on CNBC today, came out for Netflix as well as Spotify, calling them particularly stable given global subscription models that offer consumers vast quantities of content. Tech giants were hit hard from Snap, Amazon and Apple to Meta and Google parent Alphabet – the latter two companies, also currently struggling with landmark antitrust battles, are each down circa 3%. Amid the angst, Trump has been attacking the Federal Reserve chief for not lowering interest rates to help avoid an economic slowdown and he rekindled his offensive today, calling the highly regarded Powell “a major loser.”
Or read this on Deadline
