markets

Claire Yubin Oh4/23/26

Netflix announces $25 billion share buyback boost

Netflix is ticking up in premarket trading on Thursday after the streaming giant announced plans to buy back an additional $25 billion worth of shares, roughly 6% of the company’s market cap as of yesterday’s closing price.

Per the company’s regulatory filing, reported on Wednesday evening, Netflix’s board authorized the repurchase program in addition to the buyback plan announced in December 2024 that still had ~$6.8 billion available for purchase.

Netflix is down more than 13% since the close of trading on April 16, the day before the company reported disappointing first-quarter results as well as announcing that cofounder Reed Hastings will be stepping down as its chairman in June. The plan likely comes as a small surprise for Wall Street, as Netflix had announced in its latest earnings call that it would make no changes to its capital allocation program, despite expectations that the company may use the increased financial headroom from the now axed Warner Bros. Discovery deal to do so.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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