Business

Netflix set for slowest revenue growth as ad plan struggles to gain traction

Jan 17 (Reuters) – Netflix Inc (NFLX.O) is expected to report its slowest quarterly revenue growth on Thursday as its ad-supported plan struggles to attract customers in the saturating U.S. market, which could pressure the company to pull back on content spending this year. The streaming pioneer has been reeling under strained consumer spending, rising …

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China’s growth in 2023 largely hinges on the consumer: KraneShares

The Bund in Shanghai, China, on Oct. 17, 2022. China’s gross domestic product grew 3% in 2022, less than half of 2021’s rate. Qilai Shen | Bloomberg | Getty Images China’s economy looks poised for a rebound in 2023, but a lot depends on one variable — the consumer, said investment management firm KraneShares. “As external …

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UK inflation rate dips for second straight month to hit 10.5%

MichelleMitha | iStock / 360 | Getty Images LONDON — U.K. inflation eased on the month, in line with economists’ expectations, as fuel, clothing and recreational costs dragged down the index. Inflation softened to 10.5% in December, down from the 10.7% of November, the British Office for National Statistics said Wednesday. A panel of economists …

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Bitcoin price strength intensifies as risk-loving traders bring volume back to the crypto market

The beginning of 2023 has provided Bitcoin (BTC) with bullish indicators and the rally to a year-to-date high at $21,647 has crypto traders hopeful that the worst part of the bear market has ended. The surge effect of BTC’s bullish price action is also carrying over to Ether (ETH) and Bitcoin mining stocks. The reduction …

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Musk’s Tesla ‘funding secured’ trial to begin after jury selected

A group of nine jurors will hear opening arguments on Wednesday in a trial over Elon Musk’s tweets claiming he had “funding secured” to take Tesla private in 2018. The class action lawsuit was brought by investors who allege Musk artificially boosted Tesla’s stock price when he wrote on Twitter in August 2018 that he …

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Bank of Japan defies market pressure and holds firm on yield curve control

The Bank of Japan has defied market pressure and left its yield curve control measures unchanged, sending the yen diving and pushing stocks higher as it stuck to a core pillar of its ultra-loose monetary policy. Traders in Tokyo said the BoJ’s decision, which came after a two-day meeting, the penultimate under its longest-serving governor, …

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Twitter’s Revenue Falls 40% Ahead Of Elon Musk’s Big Payment Deadline: Report

Twitter owner Elon Musk’s first giant interest payment is due at the end of January. Twitter’s revenue is down 40% year-over-year and its billionaire owner Elon Musk’s first giant interest payment on the company is due at the end of January, according to a Platformer reporter’s tweet on Tuesday. (Except for the headline, this story …

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