Welcome to Markets Desk, your midday read on what's moving money.
Netflix is cutting roughly one thousand positions in its largest round of layoffs in years, as the streaming giant grapples with slowing engagement growth and a crowded competitive field. Co-CEO Ted Sarandos is under pressure to reignite momentum, and Wall Street remains uneasy about the path forward.
Shifting to hardware, Dell Technologies is leading corporate technology spending intentions according to Morgan Stanley's latest CIO survey, outpacing Hewlett Packard Enterprise and Pure Storage in three-year vendor plans. With storage, server, and PC prices climbing, enterprise buyers expect spending acceleration heading into two thousand twenty seven, and Dell appears positioned to capture the lion's share.
Meanwhile, Six Flags is facing serious financial headwinds after a fatal accident on the Goliath roller coaster at its Georgia park triggered fleet-wide closures. The operational shutdown raises immediate revenue concerns for a company already carrying significant debt, and analysts are watching closely to see how long those rides stay dark and what liability exposure ultimately looks like.
That's the tape. Markets Desk, signing off the floor.
