Author: Editor

The good news for Netflix: It’s been here before.In 2022, after years of breakneck growth and go-go spending, the streamer suddenly lost subscribers. Cue layoffs, a hasty pivot to an ad model it had always criticized, and tons of industry schadenfreude.But it turned out that Netflix’s growth problems were overstated. Or at least, that its growth problems weren’t a sign of opportunity for its streaming rivals.Years later, Netflix’s position at the top of paid streaming services remains unchanged. Meanwhile, Wall Street has grown tired of watching would-be competitors like Paramount and Warner Bros. Discovery struggle to make headway — which…

Kelly Clarkson’s feud with the Brooklyn toy store Art of Play has produced dueling accounts, social-media pile-ons, and now security footage.The spat began when the singer named and shamed the store in an X post on Sunday, saying she was given the “Pretty Woman” treatment during her visit.In return, Art of Play disputed Clarkson’s account, saying she tried to buy something that wasn’t for sale, and then promptly left the store when this was explained to her.Just drove all the way to Brooklyn to check out this store I thought looked really rad and had a few things in mind…

By the end of my comparison, it was clear that shopping at Aldi would have saved me a couple of dollars off my bill.Many products I looked at were priced the same at both retailers, but most were a few cents cheaper at Aldi. It feels like the best chain for anyone who’s truly obsessed with savings. Personally, though, I preferred my shopping experience at Lidl. The store felt more welcoming and larger, with a broader mix of products. Lidl’s prices may not have beaten Aldi’s overall, but I’d likely still save money by shopping there rather than at a…

Netflix said on Wednesday it will lay off roughly 6% of its employees, or roughly 1,000 workers, according to a memo obtained by CNBC.The job cuts will largely impact the product, tech, legal and HR teams. “Our mission – to entertain the world – is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources,” Netflix co-CEOs Ted Sarandos and Greg Peters wrote in the email to employees. “Our business is strong and growing, and we remain on track to deliver our full year forecast. We’ll continue to invest aggressively in high…

Older Americans just learned how much to expect in monthly Social Security checks next year.The Social Security Administration announced its latest cost-of-living adjustment on the heels of Wednesday’s September inflation report. SSA beneficiaries, who are mostly 65 and older, are now set to receive a 3.6% raise in their benefits in 2027.That’s higher than the 2026 increase of 2.8% and will amount to a $900 annual boost for recipients, according to AARP calculations — an average monthly check increase of $75.The consumer price index, which tracks how much prices have changed, is key in determining just how much Social Security…

Ted Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.Gerry Miller | CNBCMorgan Stanley posted third-quarter results that beat expectations on blockbuster results in its equities trading franchise. Here’s what the company reported:Earnings per share: $3.03 vs. $2.91 LSEG estimateRevenue: $20.34 billion vs. $19.95 billion estimate The company said profit climbed 6.5% to $4.91 billion, or $3.03 a share. Revenue climbed 12% to $20.34 billion.The firm’s equities trading division, long a marquee business for Morgan Stanley, posted a 41% increase in revenue to $5.8 billion, exceeding the…

Marketers are getting smarter about finding their next influencer partners.At a CMO Insider roundtable during Advertising Week New York, top marketers told us how they’re using AI-powered platforms, social listening tools, and some surprisingly old-fashioned tactics to discover new creators and niche communities.Meredith Diehn, SVP of marketing at Goodwipes, said her company recently adopted the influencer discovery tool Modash, which has significantly reduced manual work in identifying potential partners, freeing up the team to review creators’ previous content and determine whether they’re a good fit.Goodwipes’ searches using Modash are remarkably granular, Diehn said.”I’m going to find a creator who is…

Delta A350 fleet renderings with the next-generation Delta One suite cabin.Courtesy: DeltaDelta Air Lines, the country’s most profitable airline, has a problem serving its top-tier customers: not enough Porsches.The airline uses a fleet of 40 of the luxury vehicles to drive its high-value flyers right to the plane.”What’s happened over the last several years is the demand has continued to rise, and we realized that the 40 cars that we have weren’t enough to meet the demand. So we’re moving that fleet to 70,” Ranjan Goswami, Delta’s chief marketing and product officer, told CNBC.New Delta One meal service, including a…

A baby boom, cleaner air, and AI. The work-from-home revolution might be over, but its impact is still being felt.Many of us have settled into some type of hybrid setup, balancing our days in the office with at least one spent at home.But even if you’re in the cubicles every day — God bless — the WFH revolution has still affected you.Nick Bloom, a Stanford economist who’s a leading expert on remote work, spoke to BI’s Aki Ito about six ways the WFH era fundamentally changed things for us all.Some are a bit … personal. Remote work led to a…

Brian Moynihan, Chairman and CEO of Bank of America, speaks with Economic Club of Washington Chair David Rubenstein at an event at the Ritz-Carlton on February 25, 2025 in Washington, DC. Anna Moneymaker | Getty ImagesBank of America reported third-quarter earnings before the opening bell Wednesday, just one day after the bank was hit with a $1.2 billion penalty by the U.S. Treasury Department.That charge, which cut net income by 17 cents a share, will inevitably spark questions as to whether CEO Brian Moynihan has a handle on controls at the second-biggest U.S. bank by assets.Moynihan took the helm in…