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Netflix hits 40 million active users for ad tier, putting it closer to the big leagues for advertisers

Netflix Inc. on Wednesday reported a big jump in demand for its streaming-with-ads plan, and it said it would broadcast more NFL Christmas Day games in the years ahead, as it tries to pull ahead of an industry navigating issues with cable cord-cutting and online consumption.

Thu May 16, 2024 01:50
Here are some of the tech stocks Daniel Loeb’s Third Point hedge fund has snapped up

Daniel Loeb’s Third Point hedge fund has gone deeper into stocks of major tech companies, a filing with the Securities and Exchange Commission showed late Wednesday.

Thu May 16, 2024 01:50
Cisco’s stock rises as demand stabilizes and revenue outlook impresses

“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.

Thu May 16, 2024 01:50
Warren Buffett’s Berkshire Hathaway reveals Chubb as ‘mystery stock’ purchase

Berkshire Hathaway revealed in a filing that it had accumulated nearly 26 million shares of insurer Chubb Ltd. as of the end of the first quarter.

Thu May 16, 2024 01:50
Bond-market rally may not be over after inflation report brings ‘massive relief’

The U.S bond market broadly rose on Wednesday, paring its losses this year after fresh inflation added fuel to investor hopes that the Federal Reserve may cut interest rates in 2024.

Thu May 16, 2024 01:50
IBM and Palo Alto Networks are joining forces on AI, as cybersecurity threats get tougher

Under the deal, Palo Alto Networks will become IBM’s “preferred cybersecurity partner.”

Thu May 16, 2024 01:50

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