The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
Netflix said in its Q3 earnings report Monday that it will spend $6 billion next year on content, making it one of the biggest spenders in media in the category.
According to Boston Consulting Group and SNL Kagan data from this year, Netflix is in second place among its TV network and subscription video-on-demand peers. It predicted that Netflix would spend $5 billion on content this year. However, Gullane Capital Partners pegged the figure as high as low tens of billions.
Even with the projected $6 billion in spending, Netflix won't beat the current category leader. ESPN was projected by Boston Consulting Group and SNL Kagan to spend $7.3 billion on content in 2016, with increased prices mostly due to sports league rights. Sports, widely considered by many to be one of the live TV viewing draws, is a much less risky investment due to its existing and reliable audience.
NBC came in third place with $4.3 billion in spending, and CBS was in fourth with an estimated $4 billion content budget. Those too include sports rights, which means Netflix is leading by far in terms of spending on episodic and film programming.
The next big subscription-on-demand content spender was Amazon, which came in fifth. It was estimated to spend $3.2 billion by the end of 2016 on content. Amazon previously said in July it plans to double its spending on video content and triple its spending on originals during the latter half of 2017.