Netflix Stock Soars and Subscribers Multiply

Netflix shares skyrocketed above 15%. This marks the highest single-day hustling since 2021.

The streaming giant pulled in about nine million new binge-watchers in the last quarter, vastly exceeding analyst forecasts.

But wait - that's not all. Netflix announced they're bumping up the prices of their basic and premium plans.

Greedy? Maybe, but WallStreet ate with ketchup.

Netflix just swapped places from a sinking Titanic to a Titanic of growth. Guess we all love a good comeback story.

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Economic Euphoria as US Jobless Claims Hit Rock Bottom

The US has seen a dramatic decline in its weekly jobless claims, with numbers hitting a nine-month low.

Employers are clinging onto their workers like they're gold, anxious not to lose good help in a labor market that's tighter than a vice.

The surprise dip in jobless claims, along with strong retail and factory numbers, paints an exhilarating picture of an economy refusing to slow down.

Predictably, this has led to whispers that the Federal Reserve might keep interest rates higher for a tad longer.

Wall Street, however, shrugs off the idea of a rate hike, fixated on the soaring US Treasury yields.

Gone are the days of 212,000 claims, as last week saw a spectacular fall to a meager 198,000. This is the lowest level we've seen since January.

States like Texas, New York, New Jersey, Georgia, and California witnessed a significant drop in claims.

Even with the UAW strikes and disruptions to supply chains, the overall impact is minimal and hasn't managed to dent the market's armor.

The Fed’s Beige Book report confirmed this, noting an "ease in labor market tightness across the country." Yet, the report also acknowledged the ongoing challenges in hiring skilled tradespeople.

Despite the central bank raising its benchmark overnight interest rate, the labor market flexes its muscles, demonstrating stunning resilience.

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Tesla Dashes Hyper Growth Dreams

Elon Musk is putting the brakes on Tesla's runaway growth as economic clouds gather on the horizon.

The electric vehicle juggernaut has been feverishly slashing prices, leading to plummeting profit margins.

Tesla shares slumped 8% after missing Wall Street estimates.

In a bid to salvage the situation, Tesla's engineering guru Lars Moravy is spearheading a ruthless cost-cutting drive.

Musk has morphed into a paranoia-driven profit protector, putting the brakes on the construction of the company’s much-anticipated factory in Mexico.

The situation must feel like being hit by a cyber truck for Musk, but don't discount him just yet. He is used to fighting it out until the last round

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US IT Freelancers Fund North Korea's Missile Mania

In a shocking revelation, FBI and DOJ officials have blown the lid off a widespread scam, orchestrated by North Korea.

For years, thousands of 'freelance' IT workers with prominent U.S. companies played Trojan Horses, secretly funneling their paychecks directly into North Korea's missile program.

Jay Greenberg, the FBI agent leading the charge, revealed the complex web of deceit.

North Korean IT freelancers were working remotely, under assumed identities, with none the wiser companies across America and even globally.

These stealthy spy-coders, masked behind the shield of technology, allegedly sent millions of dollars back home for their nation's illicit weaponry pursuits.

To date, the feds have clawed back $1.5 million and seized 17 domain names in this high-profile investigation.

According to FBI spokeswoman Rebecca Wu, if you've hired a freelance IT worker recently, chances are you've funded Kim Jong Un's missile program.

Cybersecurity experts say North Korea has been pulling a fast one on companies for over a decade now.

The COVID-19 pandemic, however, played into their hands, making remote hiring a norm and giving this secret operation a tremendous boost.

Will companies now need to be wary of potential employees whistling the North Korean national anthem during their coffee breaks?

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