Economy Headlines

  • US markets leap (again) on China trade war rumors

    Another day, another report on China trade talks that's exciting Wall Street. The Dow jumped 336 points, or 1.3%, on Friday. The S&P 500 climbed 1.3%, while the Nasdaq advanced 1%. All three major indexes surged nearly 3% on the week. US markets have advanced four weeks in a row, the longest winning streak since the summer. Markets gathered steam on Friday after Bloomberg News reported that China has offered to go on a "six-year buying spree" to boost imports from America. The goal would be...

  • Report: Facebook's privacy lapses may result in record fine

    Facebook may be facing the biggest fine ever imposed by the U.S. Federal Trade Commission for privacy violations involving the personal information of its 2.2 billion users. The FTC is considering hitting Facebook with a penalty that would top its previous record fine of $22.5

    ABC News
  • The problem with Netflix's viewership numbers

    Netflix typically keeps its viewership numbers a secret, but the company offered the public a rare glimpse of how some of its original programming fared in an earnings report that came out on Thursday. Media observers, however,were immediately skeptical. "Sooooo we're just taking Netflix's self-reported numbers as fact now, cool, cool," New York Times TV critic James Poniewozik tweeted. "Related: I am on track to have six-pack abs within the month." Daniel Fienberg, The Hollywood Reporter's TV...

  • White House games out potential new Trump infrastructure plan

    Still, it's not clear whether the administration will move forward to publicly announce a new plan of its own, or wait for Democrats in Congress to bring their own infrastructure proposal out first.

  • 'I don't think anyone can catch them' — former NBC executive says Netflix is too far ahead

    Netflix's spending on content is "all wrapped up at a price-value combination that I don't think anybody can touch," former NBC Executive Tom Rogers says.

  • Netflix is burning through cash, but it can't last forever

    Netflix is winning the streaming wars by burning staggering amounts of cash. To pay for blockbuster original hits like "Bird Box," "House of Cards" and "Ozark," Netflix (NFLX) burned through $3 billion in 2018. Negative free cash flow accelerated to $1.3 billion in the fourth quarter, more than double the year before. It's not a onetime phenomenon. Netflix said on Thursday it expects to go through another $3 billion in 2019 to fund more content and splashy marketing aimed at luring in even more...