Netflix, the streaming giant, has recently announced that its cheaper, ad-supported tier has seen a massive growth, amassing 40 million global monthly active users. This figure is almost double the 23 million users the company had shared earlier this year. The company’s decision to enter the ad-supported market marks a significant shift in its revenue
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The recent drop in mortgage rates to the lowest level since April has not made it any easier for buyers to afford homes in today’s housing market. Despite this drop, mortgage demand has only seen a marginal increase. According to the Mortgage Bankers Association, total mortgage application volume went up by a mere 0.5% from
The Colorado Legislature has concluded its session with accomplishments that lawmakers have deemed “nothing short of transformational.” Governor Jared Polis praised the magnitude of achievements made during this session, emphasizing that it has been the most significant since he took office in 2019. The session included the passing of a fiscal 2025 budget, school funding
Novavax, a struggling vaccine maker, experienced a significant boost in its stock prices following a new multibillion-dollar deal with French drugmaker Sanofi. The announcement of the licensing agreement resulted in Novavax’s shares nearly doubling, as Wall Street celebrated the partnership that allowed the company to remove its “going concern” warning. Key Details of the Agreement
The recent rebound in Bitcoin price on Monday has sparked optimism among investors, as they eagerly await the upcoming United States inflation data for April. This data could potentially influence the Federal Reserve’s decision on future borrowing costs in 2024. The slight fall in the dollar on the same day has also provided some relief
Apple’s stock surged following Tim Cook’s announcement of the largest stock buyback in stock market history. However, this surge may not be sustainable in the long run, as there are underlying issues with Apple’s revenue and sales that need to be addressed. Revenue Decline Apple’s revenue dipped by 4% year-over-year, with iPhone revenue down by
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The recent Beijing auto show highlighted the intense competition in China’s car market, with analysts pinpointing a few potential winners amidst a crowded field. The sheer number of people and car launches at the event indicated a shift in consumer preferences and market dynamics. Despite the overwhelming presence of visitors, including live-streamers and overseas dealers,
Apple’s announcement of the biggest stock buyback program in U.S. corporate history led to a surge of 6% in its share price on Friday. Investors rejoiced at the news, believing that the buyback program would have a positive impact on the company’s stock value. Despite the optimism surrounding Apple’s $110 billion stock buyback program, historical