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The streaming giant said it would cut back on the frequency of its "What We Watched" reports, which provide a picture of engagement.
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Netflix Q2 Earnings Results In-Line With Expectations, Stock Drops on Lower Q3 Revenue Outlook VarietyNetflix stock falls as earnings forecast disappoints, company says it will give fewer engagement updates CNBCNetflix beats on earnings per share, misses on revenue in second quarter Yahoo FinanceNetflix Revenue and Profit Increase, but the Company Expects Growth to Slow WSJ
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Mortgage activity in the U.S. has contracted for consecutive weeks. In the week ended April 26, the mortgage activity composite index slid 2.3% following a 2.7% fall the week before. Refinancing fell 3.3% while purchase applications dropped 1.7%. Inflation's stubbornness in the first quarter of 2024 has led investors to conclude that the Federal Reserve's first rate cut might not be coming this year. This has buoyed interest rates such as the 30-year fixed-rate mortgage. In the week ended April 26, the 30-year fixed rate rose 5 basis points to 7.29%, its highest since November.
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