Netflix ad-supported tier has 40 million monthly users, nearly double previous count
Netflix’s cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday. That’s nearly double the...
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Investing
Under Armour is laying off workers as retailer says North America sales will plunge this year
Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10%...
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Rent up, groceries down: Inflation cooled slightly in April, but consumers still face a mixed bag
The consumer price index, the most-watched inflation measurement put out by the U.S. government, declined slightly to 3.4% on a...
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Meme stock mania is back: Why everyone is talking about GameStop, AMC and more again
Meme stocks are back. One day after an account associated with the phenomenon posted for the first time in years...
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Netflix inks deal to stream its first NFL games on Christmas Day
Netflix will stream its first NFL games on Christmas Day. The streaming giant announced Wednesday that it will feature both...
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Walmart is laying off and relocating hundreds of corporate workers
Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters. The...
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Federal student loans this fall will have the highest interest rate in more than a decade
The interest rate on many new federal student loans is set to rise to its highest level in more than...
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Silver lining for consumers: Food price growth has gone flat and other prices are falling
Price growth in many key consumer categories has slowed considerably or ceased altogether — but that has done little to...
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Fed Chair Jerome Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central...
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Amazon Web Services CEO Adam Selipsky to step down
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday. Matt Garman, senior...
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