A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images While streamers have benefited from the influx of consumers stuck at home, platforms like Netflix are not immune to […]
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Netflix shares fall after earnings miss, weak subscriber guidance for third quarter
Reed Hastings, CEO of Netflix. Robyn Beck | AFP | Getty Images Netflix reported its second quarter 2020 earnings after the bell on Thursday, the first full quarter to reflect the impact of the coronavirus pandemic. The company announced that Netflix Chief Content Officer Ted Sarandos will become co-CEO alongside current […]
Netflix promotes Ted Sarandos to co-CEO
Netflix content executive director, Ted Sarandos attends the Vive Netflix 2017 at Museo Casa de la Bola on August 2, 2017 in Mexico City, Mexico. Victor Chavez | Getty Images Netflix is promoting its chief content officer Ted Sarandos to co-CEO and will join the Board of Directors, the company announced […]
CDC bans U.S. cruises through September, citing ‘ongoing’ coronavirus outbreaks on ships
A man navigates his boat next to Cruise Ships docked at the port of Long Beach during the COVID-19 Coronavirus pandemic on April 11, 2020 in Long Beach, California. Apu Gomes | Getty Images The Centers for Disease Control and Prevention on Thursday extended its ban on cruising in U.S. […]
Dow falls more than 100 points to snap 4-day winning streak, Microsoft lags
Stocks fell on Thursday as shares of the major tech companies struggled once again and traders digested a mixed batch of corporate earnings and economic data. The Dow Jones Industrial Average dropped 135.39 points, or 0.5%, to 26,734.71 and snapped a four-day winning streak. The S&P 500 slid 0.3% to 3,215.57 […]
Nancy Pelosi says coronavirus aid bill will cost at least $1.3 trillion, but ‘that’s not enough’
U.S. House Speaker Nancy Pelosi (D-CA) speaks to reporters during her weekly news conference on Capitol Hill in Washington, July 16, 2020. Tom Brenner | Reuters Democrats and Republicans need to resolve several disputes about what to include in a developing coronavirus relief bill as the pandemic wreaks havoc across […]
Joe Biden’s joint committees raise nearly $100 million in second quarter as big-money donors get off the sidelines
Democratic presidential candidate former Vice President Joe Biden speaks at an an event about affordable healthcare at the Lancaster Recreation Center on June 25, 2020 in Lancaster, Pennsylvania. Joshua Roberts | Getty Images Joe Biden and his joint fundraising committees combined to raise close to $100 million in the second […]
Cuomo slams Trump coronavirus response as ‘virus of American division and federal incompetence’
New York Governor Andrew Cuomo speaks during a daily briefing following the outbreak of the coronavirus disease (COVID-19) in Manhattan in New York City, New York, July 13, 2020. Mike Segar | Reuters New York Gov. Andrew Cuomo on Thursday slammed President Donald Trump’s coronavirus response, describing the pandemic in […]
Warren Buffett reaps $40 billion from giant Apple stake since March bottom
Warren Buffett. Gerald Miller | CNBC An off-brand move to pile into Apple shares might have been Warren Buffett’s greatest trade ever. Berkshire Hathaway‘s Apple stake — which is now 40% of its equity portfolio — is up a whopping $40 billion since the market bottom in March. The investment in the […]
Amazon begins screening some warehouse employees for coronavirus symptoms as they show up for work
Amazon will begin screening some warehouse employees for Covid-19 symptoms as they report to work, marking the latest effort to heighten coronavirus safety measures at its facilities. The company on Wednesday notified warehouse workers in at least two states, Michigan and Virginia, that they’d be subject to a new symptom screening […]