John Hernandez 
Netflix is increasing prices today, which has pleased investors and Wall Street analysts, but may not be well-received by consumers. The basic streaming plan, priced at $9.99 per month, will now be $11.99 per month. This plan does not include ads. The premium plan, on the other hand, will increase from $19.99 to $22.99. …
Netflix’s third-quarter results exceeded expectations and surprised Wall Street. With earnings of $3.73 per share, Netflix outperformed analysts’ average projection of $3.49 per share. Despite the impressive numbers, Netflix plans to raise prices for certain plans in the US, UK, and France. How to prepare for the coming recession | Smart Investing Netflix is raising …
By the end of World War II, the United States was responsible for producing half of all manufactured goods worldwide. It shipped home appliances and cars to a growing middle class and the state of Pennsylvania alone produced more steel than Germany and Japan combined. However, manufacturing’s contribution to the US economy has declined significantly …
Millions of benefits claimants could face a decrease in their incomes next year as the government considers cost-cutting measures. The Treasury has suggested raising benefits by an amount lower than the rate of inflation, which is a departure from the usual practice of using the Consumer Price Index to determine benefit levels. The latest data …
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, D.C., on Sept. 20, 2023. Evelyn Hockstein | Reuters Federal Reserve Chair Jerome Powell is set to deliver a crucial policy address on Thursday. His task …
LinkedIn is a platform known for endorsements, job leads, and motivational industry articles. However, it seems the head of AirAsia, Tony Fernandes, took a different approach. In a somewhat misguided attempt to showcase the perks of working for the airline, Fernandes posted a picture on LinkedIn of himself receiving a topless rubdown during a business …
Elon Musk’s Twitter (now X) bet is now hemorrhaging user trafficPhoto: GONZALO FUENTES (Reuters) The return on Elon Musk’s $44 billion investment to transform the microblogging social platform Twitter (now known as X) into an “everything app” has experienced a downward spiral. SimilarWeb, a traffic analytics firm, has revealed the latest data showing a significant …
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s pursuit of semiconductor self-sufficiency is frequently talked about. However, another pressing issue that Beijing must address is its increasing reliance on imported food as shortages threaten. The approval of genetically modified organisms (GMO) seeds …
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters Morgan Stanley posted third-quarter results Wednesday that exceeded profit estimates due to better-than-expected trading revenue. Here’s what the company reported: Earnings per share: $1.38, compared to the estimated $1.28 …
By Staff The Canadian Press Posted October 18, 2023 8:58 am Updated October 18, 2023 9:16 am Descrease article font size Increase article font size Scotiabank is cutting approximately 3% of its global workforce due to changes at the bank, evolving customer banking preferences, and ongoing streamlining efforts. This move is aimed at optimizing operations …