Netflix said Tuesday that it had reached 70 million monthly active users on its ad-supported plan, two years after launching its cheaper subscription tier that includes commercials. That’s up from May, when the company reported having 40 million monthly users on the ad version. The Los Gatos, Calif., streamer has also been diversifying its content, … Read more
Getty Images Financial markets greeted Donald Trump’s victory in the US presidential election with a blistering rally. That’s despite considerable debate about how Trump’s plans for tariffs, lower taxes and mass migrant deportations might affect the world’s largest economy. A week on, the surge finally appears to be settling. The three major stock indexes in … Read more
More than 100 Post Office branches and hundreds of head office jobs are at risk as part of a radical shake-up of the business, the BBC understands. Under the plan, 115 loss-making branches wholly owned by the Post Office could be closed. The Post Office is looking at options including alternative franchise arrangements where another … Read more
NEW YORK — The Justice Department is suing to block UnitedHealth Group’s $3.3 billion purchase of Amedisys, citing concerns the combination would hinder access to home health and hospice services in the U.S. The antitrust complaint was filed in Maryland federal court Tuesday. In a statement, U.S. Attorney General Merrick Garland said the government is … Read more
Tech titan Elon Musk, who has been advising President-elect Donald Trump, doubled down on his calls to prosecute former chief medical advisor Dr. Anthony Fauci. “My pronouns are still prosecute/Fauci,” Musk wrote on X on Tuesday. The post was a reply to a pro-Trump account with the handle “Insurrection Barbie.” “Fauci retired from the federal … Read more
The price of this year’s Thanksgiving feast for cost-conscious shoppers who buy store-brand products will be more expensive than last year, according to a report released Tuesday. A meal consisting of store labeled turkey, stuffing, salad, cranberries, dinner rolls and pumpkin pie that feeds 10 people will cost $73 — a 2.7% increase from last … Read more
Ark Invest CEO Cathie Wood sees a bright future ahead with President-elect Trump’s return to the White House and predicted over the weekend that his policy agenda will likely usher in economic growth not seen in decades. In a post-election message to investors released Sunday, Wood likened America’s current economic situation to the early 1980s when … Read more
Embattled media giant Disney is expanding its search for Bob Iger’s successor beyond the the walls of the Magic Kingdom, according to a new report. The Mouse House had been mulling a handful of internal candidates, but is now working with recruiters from search firm Heidrick & Struggles to conduct its review of external contenders … Read more
Billionaire hedge fund manager John Paulson withdrew his name for consideration as treasury secretary in a second Trump administration — citing his “complex financial obligations,” according to a report. “Although various media outlets have mentioned me as a candidate for Secretary of the Treasury, my complex financial obligations would prevent me from holding an official … Read more
People wait in a line to enter “The Lab,” a “Stranger Things” Netflix series experience in Madrid on June 2, 2022. Beata Zawrzel/ | Nurphoto | Getty Images Netflix’s cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday that more than 50% of … Read more