Finance

Netflix shares dive on profit miss despite user growth

San Francisco (AFP) – Netflix shares dived on Thursday after the leading streaming entertainment service reported relatively flat quarterly profits despite rising subscriber numbers.Netflix reported a profit of $720 million on revenue of $6.1 billion in the recently ended quarter, compared with $709 million profit on $5.8 billion in revenue during the first three months…

Asian markets mostly up on vaccine, stimulus hopes

Hong Kong (AFP) – Fresh hopes for a virus vaccine and another round of US stimulus lifted Asian markets on Wednesday, though gains remained tethered by the reimposition of containment measures and China-US tensions.Investors took their lead from Wall Street’s pop higher, which came after US biotech firm Moderna said the final stage of human…