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On October 27, Berkshire Hathaway (BRK.AN, BRK.BN) received a rare "sell" rating, as analysts remained cautious about its earnings outlook and continued concerns about Warren Buffetts impending departure and macro risks. New York investment bank KBW (Keefe, Bruyette & Woods) downgraded the conglomerates Class A shares from "market perform" to "underperform," citing "many factors moving in the wrong direction." This is the only sell rating among the six analysts covered by the firm. "In addition to our ongoing concerns about macro uncertainty and Berkshires historically unique succession risk, we believe the stock will underperform as earnings challenges emerge and/or persist," analyst Meyer Shields wrote in the report. Berkshire Class B shares fell about 1% on Monday. So far this year, the stock has risen just 7.8%, compared to a 16% gain for the S&P 500.Pemex: By the end of the third quarter, it had received 380.1 billion pesos in support from the government.Pemex: Crude oil and condensate production in the third quarter was 1.65 million barrels per day, a year-on-year decrease of 6.6%.Pemex: Crude oil processing volume in the third quarter was 1.01 million barrels per day, a year-on-year increase of 4.9%.On October 27, the Federal Reserve is expected to cut the target range for the federal funds rate by 25 basis points to 3.75%–4.0% on Wednesday. However, Generali Investments predicts that the vote among policymakers may be "three-way split": one dissenter supports a larger 50 basis point rate cut, and there may be some dissenters who support keeping interest rates unchanged. Paul Zanghieri, a senior economist at the agency, said this would create an "almost unprecedented" disagreement. The agency expects the Fed to cut interest rates again in December and make a final rate cut in the first quarter of 2026. Zanghieri said that at the press conference, Fed Chairman Powell may describe the rate cut as a risk management measure without giving any hint about the policy orientation of the December meeting.

Exclusive-Netflix Signs Partnership With Japanese Animation Company in Push For Anime

Haiden Holmes

Apr 27, 2022 09:58

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Netflix is co-producing three feature films with Studio Colorido, including the September release "Drifting Home," as part of its increased investment in original animation. The film will also have a domestic theatrical release.


Netflix has found success with anime in both Japan, where over 90% of users watch it, and globally, where half of users tuned in last year, with competitors such as Amazon (NASDAQ:AMZN) and Disney also racing to offer such content.


"To win globally, we must first win locally," Kaata Sakamoto, Japan's vice president of content, told Reuters in an interview.


Asia-Pacific was the lone bright light in Netflix's first-quarter financial report, which revealed the world's largest streaming service lost members for the first time in more than a decade. The company stated that it is experiencing "impressive growth" in the region, particularly in Japan, where it announced 5 million users in September 2020.


Netflix has a broader audience than the industry's traditional target group of ardent anime lovers, Studio Colorido President Koji Yamamoto told Reuters.


The studio prefers storylines in which humans are ripped from their everyday lives by extraordinary happenings, like as 2018's "Penguin Highway," which follows a primary kid as he explores the unusual apparition of penguins in his town.


This family-friendly programming aligns with Netflix's aim of growing its content offerings in Japan, which includes the introduction of over 40 original anime titles, scripted dramas such as "First Love," and unscripted series such as "Last One Standing."


"We are increasing our commitment in Japanese content, not just in terms of volume, but also in terms of genre and format diversity," Sakamoto explained.


Additionally, Netflix has made arrangements with domestic broadcasters, which have been sluggish to adopt streaming, for material such as Nippon TV's long-running variety show "Old Enough!" The show, which features extremely young children performing errands for the first time while being filmed by disguised production employees, has garnered online attention.


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