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Streaming Stocks Suffer as Hollywood Strikes Drag on, But Netflix Remains Best Bet

Streaming Stocks Suffer as Hollywood Strikes Drag on, But Netflix Remains Best Bet

by James Van Bramer | Sep 22, 2023

A strike may have halted movie and film television production, but investors are staging their own walkout on the stocks of streaming companies. Netflix, which has handsomely outperformed the market this year, fell 9% through the first three weeks of September. Roku...
Airbnb Wants Fees to Be More Transparent to Help Travelers, But Some Are Already Moving On

Airbnb Wants Fees to Be More Transparent to Help Travelers, But Some Are Already Moving On

by Trina Mannino | Dec 2, 2022

When venture capitalist Sheel Mohnot went to book an accommodation on Airbnb recently, he found that the additional fees he was required to pay tallied up to nearly the same amount as the actual booking rate. He made his displeasure known in a tweet. Disgruntled...
​​Axsome Therapeutics launches antidepressant in crowded market, route to success shaded by lack of communication

​​Axsome Therapeutics launches antidepressant in crowded market, route to success shaded by lack of communication

by Randi Love | Nov 28, 2022

Antidepressant drugs have been on the market since the 1950s, but Axsome Therapeutics is betting its new treatment will have a major impact on patients and doctors. In late October, the company launched Auvelity, a prescription-only, fast-acting, oral medication aimed...
Rent The Runway aspired to be the ‘Amazon Prime of Rental.’ That dream never made any sense

Rent The Runway aspired to be the ‘Amazon Prime of Rental.’ That dream never made any sense

by Cailley LaPara | Nov 25, 2022

Fashion rental startup Rent the Runway touted an audacious goal for about a year: become the “Amazon Prime of Rental.” In March 2019, co-founder and chief executive Jenn Hyman gave CNBC anchors an idea of what she meant. “Anything that you do not use...

Dr. CVS is Coming, But the Company Will Face Crowded Competition to Build It

by James O'Donnell | Nov 21, 2022

By James O’Donnell For JP Weiss, a pharmacy technician at a CVS store in California, he’s seen first hand that business has been booming for the healthcare giant. What he’s less confident about is whether CVS is setting up its stores and employees to...
Meta Bids on Virtual Reality for Daily Life—Customers Don’t Think So

Meta Bids on Virtual Reality for Daily Life—Customers Don’t Think So

by Ana Teresa Solá | Nov 21, 2022

Andrew Litt, a video game enthusiast based in New Jersey, is drawn to virtual reality.  When he saw the Meta Quest 2 headset available on Facebook Marketplace for $150, he could not resist the deal. But after two weeks, using the headset for hours each day, it was...
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Investment Journal

Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.
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