Broader market indexes all traded lower Friday, as the Federal Reserve Bank's ongoing mission to rein in historically high inflation appeared to hit a speed bump. The latest U.S. government data revealed that inflation spiked unexpectedly last month, which could affect the Fed's long-running campaign of interest rate hikes, which are intended to control rising prices. With that as a backdrop, shares of Amazon (NASDAQ: AMZN) fell 3%, Shopify (NYSE: SHOP) tumbled 4.7%, and Roku (NASDAQ: ROKU) slumped 5.8% as of 11:47 a.m. ET today. Read More...
TheStreet.com
Netflix Is Cutting Prices in Over 100 Regions. Here’s Where
Netflix has begun its long-rumored crackdown on password sharing, and your former college roommate who’s been mooching off your account for years is not pleased. Netflix managed to stop the bleeding by the end of ’22, adding 2.4 million subscribers in the third quarter of 2022, well ahead of the projected million. Netflix didn’t have the best ’22, but it’s trying a surprising approach to getting its numbers back up.In an effort to boost its subscriber totals, the company has lowered its prices in more than 100 markets worldwide, including in Asia, Latin America, Europe, the Middle East and Africa.
