{"id":8098,"date":"2024-10-21T09:20:27","date_gmt":"2024-10-21T03:50:27","guid":{"rendered":"https:\/\/appreciatewealth.com\/blog\/?post_type=rearview_mirror&#038;p=8098"},"modified":"2024-10-21T09:20:28","modified_gmt":"2024-10-21T03:50:28","slug":"netflix-delivers-a-blockbuster","status":"publish","type":"rearview_mirror","link":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster","title":{"rendered":"Netflix delivers a blockbuster"},"content":{"rendered":"\n<p>11th October 2024 &#8211; 18th October 2024 | Another week in the markets<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>S&amp;P 500<\/strong><\/td><td><strong>Nasdaq<\/strong><\/td><td> <strong>VIX<\/strong><\/td><td><strong>DJIA<\/strong><\/td><td><strong>Russell 1000<\/strong><\/td><td><strong>NYSE<\/strong><\/td><\/tr><tr><td><strong>5,864.67<\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>18,489.55<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>18.03<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>43,275.91<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>3,205.73<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>18,489.55<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>0.85%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>0.80%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>-11.88%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>0.96%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>0.91%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>0.80%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><td><\/td><\/tr><tr><td><strong>Nifty 50<\/strong><\/td><td><strong>Gold<\/strong><\/td><td><strong>Silver<\/strong><\/td><td><strong>Brent crude<\/strong><\/td><td><strong>USD-INR<\/strong><\/td><td><strong>EUR-INR<\/strong><\/td><\/tr><tr><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>24,854.05<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>$<strong><strong><strong><strong>2,548.70<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>$33.92<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>$<strong><strong><strong><strong><strong><strong><strong><strong><strong>73.17<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>84.07<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>91.37<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>-0.44%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.15%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>6.88%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>-7.13%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>-0.04%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>-0.67%<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Source: <a href=\"https:\/\/www.marketwatch.com\/\">MarketWatch<\/a>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Hello Saturday,<\/strong><\/h2>\n\n\n\n<p>This week, Netflix delivers bumper earnings in the third quarter, Microsoft and OpenAI thrash out the fine print of the stake and rights that will come to Microsoft as OpenAI transitions from a non-profit to a for-profit company and Jio Financial\u2019s profit jump 3% to \u20b9689 crore.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Netflix\u2019s blockbuster earnings send the stock soaring; Revenue and net income soars while the subscriber addition pace slows down.<\/li>\n\n\n\n<li>Microsoft and OpenAI are hard at work trying to resolve the complications arising from the latter choosing to become a for-profit company.<\/li>\n\n\n\n<li>RBI directive spells tough time ahead for NBFCs and MFIs<\/li>\n\n\n\n<li>A surge in expenses offsets revenue growth as Jio Financial Services reports a 3% rise in net profit in the second quarter of FY25.<\/li>\n<\/ul>\n\n\n\n<p>Taking stock | Exasperating exits | Compliance compulsions | Goodbye, Goldilocks | Tough times | Invest wisely | Another week in the markets<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Taking stock<\/strong><\/h2>\n\n\n\n<p>Netflix\u2019s blockbuster earnings on Friday set the stage for the coming week as Big Tech firms get ready to unveil their latest quarterly results. On Friday, the S&amp;P 500 added 0.4%, notching another all-time high. The tech-heavy Nasdaq Composite moved up 0.6%, and the Dow Jones inched up by 0.1%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Netflix delivers a blockbuster!<\/strong><\/h2>\n\n\n\n<p>Netflix\u2019s password crackdown push that went live in mid-2023 around the globe seems to be paying off.&nbsp;<\/p>\n\n\n\n<p>The streaming giant delivered its most profitable quarter ever despite a strong slowdown in the pace of subscriber additions. This signals that the company has been prioritising profitability over increasing its customer base.<\/p>\n\n\n\n<p>Netflix added 5.07 million subscribers in the third quarter as against 8.76 million subscribers added in the same quarter in the last year.&nbsp;<\/p>\n\n\n\n<p>The company reported revenue of $9.83 billion for the third quarter, jumping by 15% on a YoY basis and managing to beat its own projections of $9.73 billion. Net income also rose a whopping 41% to $2.36 billion. Undercutting the cheer for the jump in net income is the sobering projection of the company that net income will plunge to $1.85 billion in the fourth quarter.<\/p>\n\n\n\n<p>Quite naturally, investors were in high spirits and sent the stock soaring 4.7% after the company\u2019s earnings. So far, the streaming platform has managed to make investors richer by 46% this year alone. In the last 12-month period, the stock has delivered mouth-watering returns of 90%.<\/p>\n\n\n\n<p>Netflix has been quite deliberate about orchestrating changes in its plan lineup, which seems to have beefed up its bottom line. A key driver of future revenue growth would be elevated subscription prices: The company recently jacked up prices in Japan and parts of Europe, Africa and the Middle East, and it is planning on raising prices in Italy as well as Spain.<\/p>\n\n\n\n<p>As per subscription analytics firm Antenna, Netflix\u2019s customer defection rate is the lowest in the industry and engagement remains quite high as total viewing hours per paying member keeps increasing annually.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcY057VGQolReA5oVnor3Ml2H8tWSQn1DH11kT3PQKeDJhsSO8df-gQqAylrb8ySfM6BULuqQTCLmVvFz08ZdU_5and4vpcdfzkBlVexQf2vmqQGHBOg5U9fG2ZBDpk1uOe2AcFBn32scLYyK4YZbsWHaY?key=kqOGzbb71RizxgZrldrrMQ\" alt=\"Netflix\"\/><\/figure>\n\n\n\n<p><strong>Source<\/strong>: <em>Google Finance&nbsp;<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>OpenAI\u2019s equity troubles<\/strong><\/h2>\n\n\n\n<p>Ever heard of a non-profit metamorphing into a for-profit company? Well, that is exactly what OpenAI, the start-up behind ChatGPT, is looking to pull off.<\/p>\n\n\n\n<p>The pathway for the non-profit to transition into a for-profit company is riddled with bumps \u2014- a major one being the manner in which equity will be distributed between different classes of investors in the non-profit. Microsoft \u2014 the largest investor in OpenAI \u2014- is expected to receive a large stake, once the non-profit becomes a for-profit company.<\/p>\n\n\n\n<p>OpenAI was valued at an impressive $157 billion at the close of its latest funding round. Both entities have onboarded investment banks to advise them on the transaction. While Microsoft is pairing with Morgan Stanley, OpenAI is partnering with Goldman Sachs. A former Citigroup banker, Michael Klein is also advising Sam Altman, OpenAI\u2019s CEO.<\/p>\n\n\n\n<p>Both the firms will have their hands full determining the stake Microsoft would hold in the new company. Apart from this, another thorny issue about the kind and scope of corporate governance rights that would accrue to both firms will also need to be thrashed out. Microsoft is forced to play a balancing act given that any outsized stake in the for-profit company will attract attention from antitrust regulators that are currently trying to break up the unquestioned dominance of Big Tech firms.<\/p>\n\n\n\n<p>Since 2019, Microsoft has invested $13.75 billion in OpenAI.&nbsp;<\/p>\n\n\n\n<p>The first $194 million of the company\u2019s profits are reserved for repaying its first investors, which include Khosla Ventures and LinkedIn co-founder Reid Hoffman.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>NBFCs in a tough spot!<\/strong><\/h2>\n\n\n\n<p>Banking industry experts are signalling that NBFCs whose operations cater to small retail borrowers will be sailing through some choppy waters in the coming days.<\/p>\n\n\n\n<p>The recent RBI directive barring four NBFCs presages tough times ahead for mid and small NBFCs. Operations of many of these NBFCs have been hamstrung due to a lethal combination of a fund choke-off coupled with a capital erosion due to excessive build-up of risk in the unsecured loan portfolio.<\/p>\n\n\n\n<p>The RBI has recurrently issued warnings on the precarious state of affairs in the unsecured lending segment, where many customers are repaying at least three loans simultaneously. Delinquency levels amongst borrowers with loans below \u20b950,000 are currently at high levels.<\/p>\n\n\n\n<p>Market experts have hinted that NBFCs in the mid and small space have business models that are highly reliant on a steady disbursal of funds, which keeps their inflows pipeline healthy. However, with a credit crunch hanging ove them, exacerbated further by lending restrictions, many NBFC players will find it challenging to meet their existing obligations.<\/p>\n\n\n\n<p>The RBI has directed Navi Finserv, Arohan Financial Services, Asirvad Micro Finance and DMI Finance to cease and desist from sanction and disbursal of loans, effective October 21. The central bank said that there were critical supervisory concerns related to loan pricing practices.<\/p>\n\n\n\n<p>&#8220;This action is based on material supervisory concerns observed in the pricing policy of these companies in terms of their weighted average lending rate (WALR) and the interest spread charged over their cost of funds, which are found to be excessive and not in adherence with the regulations,&#8221; the RBI said in a statement on Thursday.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>JFS\u2019 ho-hum results!<\/strong><\/h2>\n\n\n\n<p>Jio Financial Services reported a ho-hum 3% rise in the net profit to \u20b9689 crore for the second quarter of FY25, as a disproportionate rise in expenses eroded revenue growth.<\/p>\n\n\n\n<p>The company\u2019s total revenue rose 14.14% to \u20b9694 crore from \u20b9608 crore reported in the same quarter of the previous fiscal. Meanwhile, interest income in this quarter jumped to \u20b9205 crore.<\/p>\n\n\n\n<p>The company\u2019s total expenses, on the other hand, doubled to \u20b9142 crore in the latest quarter compared to \u20b971 crore as seen in the same quarter last year.<\/p>\n\n\n\n<p>In this quarter, Jio Financial Services has launched loans on mutual funds, home loans, corporate lending loans, along with loans against property (LAP), loans on securities, and life insurance products. It also launched physical debit cards.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Invest wisely&nbsp;<\/strong><\/h2>\n\n\n\n<p>A critical part of investing is to buy stocks at a cheap valuation, when the market is riddled with overwhelming fear and panic, and to sell them when the markets are saturated with irrational exuberance. Learning to read the signs and signals of the market is truly important. This is where the<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.appreciatewealth.android&amp;hl=en&amp;gl=US\"> Appreciate app<\/a> can be of great help to diligent investors. With our deep research capabilities and macroeconomic indicators, you will always be ahead of the market in decoding the market signals, and ensure that you stay one step ahead of the curve.<\/p>\n\n\n\n<p>Warm regards,<br><strong>Another week <\/strong><strong><br><\/strong><strong>in the markets<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>11th October 2024 &#8211; 18th October 2024 | Another week in the markets S&amp;P 500 Nasdaq VIX DJIA Russell 1000 NYSE 5,864.67 18,489.55 18.03 43,275.91 3,205.73 18,489.55 0.85% 0.80% -11.88% 0.96% 0.91% 0.80% Nifty 50 Gold Silver Brent crude USD-INR EUR-INR 24,854.05 $2,548.70 $33.92 $73.17 84.07 91.37 -0.44% 1.15% 6.88% -7.13% -0.04% -0.67% Source: MarketWatch&nbsp; &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster\"> <span class=\"screen-reader-text\">Netflix delivers a blockbuster<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"featured_media":4669,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set"},"class_list":["post-8098","rearview_mirror","type-rearview_mirror","status-publish","format-standard","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Netflix delivers a blockbuster - appreciate<\/title>\n<meta name=\"description\" content=\"This week, Netflix delivered bumper earnings in the third quarter, and Jio Financial\u2019s profit jumped 3% to \u20b9689 crore.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Netflix delivers a blockbuster - appreciate\" \/>\n<meta property=\"og:description\" content=\"This week, Netflix delivered bumper earnings in the third quarter, and Jio Financial\u2019s profit jumped 3% to \u20b9689 crore.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster\" \/>\n<meta property=\"og:site_name\" content=\"appreciate\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-21T03:50:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1727\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster\",\"url\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster\",\"name\":\"Netflix delivers a blockbuster - appreciate\",\"isPartOf\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster#primaryimage\"},\"image\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster#primaryimage\"},\"thumbnailUrl\":\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg\",\"datePublished\":\"2024-10-21T03:50:27+00:00\",\"dateModified\":\"2024-10-21T03:50:28+00:00\",\"description\":\"This week, Netflix delivered bumper earnings in the third quarter, and Jio Financial\u2019s profit jumped 3% to \u20b9689 crore.\",\"breadcrumb\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster#primaryimage\",\"url\":\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg\",\"contentUrl\":\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg\",\"width\":2560,\"height\":1727,\"caption\":\"Weekly Recap\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Learn\",\"item\":\"https:\/\/appreciatewealth.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rearview Mirror\",\"item\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Netflix delivers a blockbuster\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#website\",\"url\":\"https:\/\/appreciatewealth.com\/blog\/\",\"name\":\"Appreciate Blog\",\"description\":\"Investing for everyone\",\"publisher\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/appreciatewealth.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#organization\",\"name\":\"Appreciate Blog\",\"url\":\"https:\/\/appreciatewealth.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2023\/02\/Path.png\",\"contentUrl\":\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2023\/02\/Path.png\",\"width\":50,\"height\":58,\"caption\":\"Appreciate Blog\"},\"image\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Netflix delivers a blockbuster - appreciate","description":"This week, Netflix delivered bumper earnings in the third quarter, and Jio Financial\u2019s profit jumped 3% to \u20b9689 crore.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster","og_locale":"en_US","og_type":"article","og_title":"Netflix delivers a blockbuster - appreciate","og_description":"This week, Netflix delivered bumper earnings in the third quarter, and Jio Financial\u2019s profit jumped 3% to \u20b9689 crore.","og_url":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster","og_site_name":"appreciate","article_modified_time":"2024-10-21T03:50:28+00:00","og_image":[{"width":2560,"height":1727,"url":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster","url":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster","name":"Netflix delivers a blockbuster - appreciate","isPartOf":{"@id":"https:\/\/appreciatewealth.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster#primaryimage"},"image":{"@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster#primaryimage"},"thumbnailUrl":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg","datePublished":"2024-10-21T03:50:27+00:00","dateModified":"2024-10-21T03:50:28+00:00","description":"This week, Netflix delivered bumper earnings in the third quarter, and Jio Financial\u2019s profit jumped 3% to \u20b9689 crore.","breadcrumb":{"@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster#primaryimage","url":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg","contentUrl":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg","width":2560,"height":1727,"caption":"Weekly Recap"},{"@type":"BreadcrumbList","@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/netflix-delivers-a-blockbuster#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Learn","item":"https:\/\/appreciatewealth.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Rearview Mirror","item":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror"},{"@type":"ListItem","position":3,"name":"Netflix delivers a blockbuster"}]},{"@type":"WebSite","@id":"https:\/\/appreciatewealth.com\/blog\/#website","url":"https:\/\/appreciatewealth.com\/blog\/","name":"Appreciate Blog","description":"Investing for everyone","publisher":{"@id":"https:\/\/appreciatewealth.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/appreciatewealth.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/appreciatewealth.com\/blog\/#organization","name":"Appreciate Blog","url":"https:\/\/appreciatewealth.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/appreciatewealth.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2023\/02\/Path.png","contentUrl":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2023\/02\/Path.png","width":50,"height":58,"caption":"Appreciate Blog"},"image":{"@id":"https:\/\/appreciatewealth.com\/blog\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/appreciatewealth.com\/blog\/wp-json\/wp\/v2\/rearview_mirror\/8098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/appreciatewealth.com\/blog\/wp-json\/wp\/v2\/rearview_mirror"}],"about":[{"href":"https:\/\/appreciatewealth.com\/blog\/wp-json\/wp\/v2\/types\/rearview_mirror"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/appreciatewealth.com\/blog\/wp-json\/wp\/v2\/media\/4669"}],"wp:attachment":[{"href":"https:\/\/appreciatewealth.com\/blog\/wp-json\/wp\/v2\/media?parent=8098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}