Business News

5 workers missing after Oklahoma drilling rig…

Sheriff says more than 20 employees were on site when the rig exploded; witnesses say you could see thick, black smoke billowing from the area for miles.

Amazon's First Cashierless Store Just Opened…

The first Amazon Go opened Monday in Seattle

The Latest: Solar trade group anticipates job losses

Solar Energy Industries Association says tariff will lead to loss of industry jobs

The Latest: Immigrant advocates skewer Senate…

Prominent immigrant advocacy groups are skewering Democratic senators for relenting in a fight that linked immigration changes to continued government funding

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Trump business ethics pledges left plenty room…

AP Analysis: Trump's promises to separate his businesses from his presidency left plenty of room for profiting

Search for suspect after two IEDs detonate at…

Terror not suspected after two improvised explosive devices explode inside a Florida mall; Phil Keating reports from Miami.

Netflix's success turns net neutrality into an…

With millions of subscribers still flocking to its services, Netflix no longer worries about being protected by net neutrality

Montana mandates 'net neutrality' for state…

Montana Gov. Steve Bullock has signed an order prohibiting telecommunications companies receiving state contracts from interfering with internet traffic and favoring their own sites and apps

Senate Dems relent, vote to end shutdown; House…

Senate Democrats vote to reopen government; House approval expected soon

Veterans speak out on the government shutdown

Panel sounds off on the impact on the military.

Prosecutor: Pennsylvania mayor 'sold his office' to donors

A federal prosecutor says the mayor of Allentown, Pennsylvania "sold his office" to companies that donated to his political campaigns

Statue of Liberty, Ellis Island reopen amid…

The Statue of Liberty and Ellis Island are now open for visitors, with New York state picking up the tab for the federal workers

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Paul Ryan calls on Democrats to end 'needless…

On 'Fox & Friends,' the speaker of the House questions why Democrats would shut down the government after DACA negotiations were already taking place.

Business Highlights

Business Highlights

Netflix is growing faster than anyone expected

Netflix added far more customers over the holidays than Wall Street analysts expected, the company announced as part of its quarterly earnings. Netflix added 8.33 million net total customers in the fourth quarter of 2017, well above the estimate of 6.30 million additions. The company's shares were up 8 percent in after-hours trading, pushing Netflix's market cap to over $100 billion for the first time. While Netflix's subscriber numbers were healthier than expected, the underlying financials were right on the money. Earnings per share came in at 41 cents, the same as a Thomson Reuters consensus estimate. Revenue was $3.29 billion, marginally above the consensus estimate of $3.28 billion. The subscriber growth came both from Netflix's US customers but also internationally. Netflix saw 1.98 million domestic net additions, and 5.05 million internationally. Netflix is also raising estimates for the first quarter of 2018, despite competition in the streaming market heating up. Disney has announced plans to debut its own streaming service in the near future, and it also invested heavily in Netflix rival Hulu. Apple is spending ever-increasing amounts on original content, and live TV streaming services like DirecTV Now and YouTube TV are seeing healthy growth. But at the same time, the market for streaming services is growing. Customers are ditching cable faster than ever, and Netflix is still the service of choice for cord-cutters.

Pharma deals, shutdown pact help stocks set more…

US stocks set more records as technology companies rise

US Special Forces unable to scale border wall…

National Border Patrol Council President Brandon Judd speaks out on the successful tests.

Puerto Rico moves to privatize troubled power company

Puerto Rico's governor says he is moving to privatize the U.S. territory's public power company after its slow, troubled recovery from Hurricane Maria focused new attention on longstanding accusations of mismanagement and corruption

Get your stuff and go: Amazon opens store with no…

No cashiers, no lines, no registers _ this is how Amazon sees the future of in-store shopping

Mexican Uber driver in US illegally charged with…

California prosecutors say a Mexican Uber driver living in the country illegally has been charged with raping, assaulting and robbing young women

Women's March covered 3 times more than March for…

The Federalist's Mollie Hemingway reacts to the evening news bias.

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Trump hits solar panels, washing machines with tariffs

Trump approves tariffs on imported solar panels and washing machines

Heat-not-burn cigarette alternative faces US…

A device that heats tobacco without burning faces U.S. regulatory scrutiny

Media mogul Rupert Murdoch says Facebook should…

Media mogul Rupert Murdoch, whose companies own the Wall Street Journal, Fox News, the New York Post and other media properties, says Facebook should pay fees to "trusted" news producers for their content