Netflix CEO Reed Hastings is pictured on May 3, 2018 in Lille, northern France during the first edition of the TV Series Mania festival. Now after an unexpected loss of subscribers and increased competition in the streaming war, shares of Netflix erased all of its 46% gain for the year at its peak and officially entered negative territory on Monday. A slew of

New York (CNN Business) US households are now sitting on a record $14 trillion in mortgages, credit cards, student loans and other forms of debt. Household debt has climbed about 25% from the post-recession low of $12.7 trillion. Student loans climbed by 1.4% to $1.5 trillion, while credit card balances rose $13 billion during the third quarter. Boockvar noted

All three of the major averages closed at record highs Monday after China issued a document to “effectively curb” violations of intellectual property rights such as trademarks and copyrights. President Trump touted the strong market in a tweet on Monday. Trade sensitive Caterpillar gained as did chipmakers AMD and Micron Technology, which have heavy exposure

Dollar Tree is suffering its biggest intraday drop since 2012 over the effect of tariffs. Shares of the discount retailer fell as much as 17% Tuesday after the company reported disappointing third-quarter earnings and lowered its full-year guidance due to uncertainty around the trade war and tariffs. For the full year, Dollar Tree expects earnings