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Finance & Markets

SPEM, IBN, VALE, PBR.A: Large Outflows Detected at ETF

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street SPDR Portfolio Emerging Markets ETF (Symbol: SPEM) where we have detected an approximate $219.0 million dollar outflow -- that's a 1.2%

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

Read the original at nasdaq.com →

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Netflix is cutting 6% of its workforce as its revenue growth slows

The layoffs will affect the company's product, tech, legal and HR teams, Netflix leaders said in a memo to employees.

  • Netflix is reducing workforce by 6%, affecting product, tech, legal, HR departments
  • Co-CEOs Ted Sarandos and Greg Peters emphasize strong, growing business
  • Layoffs occur as growth slows due to competition and saturated North American market

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