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After a siding with the bulls in the run-up to Netflix's latest earnings report, CNBC's Jim Cramer explained why the quarter made him more optimistic about the company's future, saying he was impressed by management's outlook and commentary about content."If you were worried about Netflix not having enough levers to pull in order to generate growth going forward, or at least enough growth to justify the stock's price-to-earnings multiple, I think those concerns have been put to bed by last night's earnings report," he said. "Near-term, the Netflix bears will hibernate, but just remember all these positives when they inevitably come out of their den and try to maul this best-of-breed company with a stock that I think can rock on higher for a long time."Netflix beat Wall Street's expectation...

The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023.Nathan Howard | Bloomberg | Getty ImagesThe Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.Even with a modest surplus in September, the shortfall totaled $1.833 trillion, $138 billion higher than a year ago. The only years the U.S. has seen a great deficit were 2020 and 2021 when the government poured trillions into spending associated with the Covid-19 pandemic.The deficit came despite record receipts of $4.9 trillion, which fell well short of outlays of $6.75 trillion.Government debt has swelled to $35.7 trillion, an increase of $2.3 trillion from the end of fiscal 2023.One aggrava...

Marquee at the main entrance to BlackRock headquarters building in Manhattan.Erik Mcgregor | Lightrocket | Getty ImagesSALT LAKE CITY — A year ago, Samara Cohen believed there was so much pent-up demand for bitcoin that she and her team at BlackRock launched one of the first-ever spot bitcoin exchange-traded products in the U.S. Now investors are flocking in, and a lot of them are crypto enthusiasts who are new to Wall Street.Cohen, who heads up the asset manager's exchange-traded funds and index investments as chief investment officer, told CNBC that BlackRock now sees the demand was for a better way to access bitcoin. "It was for the ETF wrapper," she told CNBC on stage at the Permissionless Conference in Utah.The total market cap of all eleven spot bitcoin ETFs now tops $63 billion, wit...

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport on February 12, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines shares closed at a fresh low on Friday ahead of a looming deadline to refinance more than $1.1 billion in debt.The airline's stock closed down roughly 3%, at less than $1.50 per share.The budget carrier had extended that deadline with credit card processor U.S. Bank to Monday, from a previous date in September.The Miramar, Florida-based airline has furloughed workers, slashed its schedule and deferred aircraft deliveries to save cash over the past year. Many of its planes have been grounded because of a Pratt & Whitney engine recall, it has reported weaker-than-expected bookings and i...

A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California.Mario Tama | Getty Images News | Getty ImagesRecord imports over the last several months at the West Coast ports are leading to congestion on the rails, as holiday goods and everyday items pile up. Almost half of the containers bound by freight rail out of the Port of Los Angeles are waiting nine-plus days to get out of the port and onto the rail.Before the August and September container surges, the average rail dwell for the San Pedro Basin (which includes the Port of LA and Long Beach) was four days.In September, the Port of Los Angeles moved a total of 954,706 twenty-foot equivalent units making the month its best September ever. At the por...