JPMorgan Chase is advising embattled First Republic Bank on strategic alternatives, sources told CNBC’s David Faber. The alternatives may include a capital raise, the sources said, which could dilute current shareholders. A sale of the bank is also a possibility. First Republic shares dropped 47% in a volatile session, extending […]
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KEY POINTS Netflix will raise the price of the standard and premium plans to $14 and $18 a month respectively, leaving the cheapest plan untouched at $9 The move drove stock prices up, accompanied by heightened demand due to the COVID-19 pandemic Netflix faces increasing competition from competitor streaming services […]