Hastings co-founded Netflix in 1997. Ted Sarandos was promoted to co-CEO alongside Hastings in July 2020.
Nordstrom shares sink after retailer posts weak holiday sales and slashes guidance
Nordstrom said weak sales and a ton of markdowns hurt its results during the holiday season.
Vice Media restarts sale process at lower valuation, may fetch less than $1 billion
Vice Media is restarting its sale process and lowering its price expectations after previous bidders balked, according to people familiar with the matter.
Union membership fell to record low in 2022, Bureau of Labor Statistics says
The agency found that the union membership rate dropped to 10.1% in 2022, down from 10.3% in 2021.
American Express is opening an exclusive club in midtown Manhattan for its its biggest spenders
Come March, American Express Centurion cardholders will have a posh new hideaway in the heart of New York City.
Here’s our January rapid-fire update on all 34 stocks in Cramer’s Charitable trust portfolio
Jim Cramer ran through all 34 stocks in his Charitable Trust during the January edition of our “Monthly Meeting” on Thursday.
Supreme Court probe fails to find who leaked abortion ruling
The Supreme Court since last year has tried to identify who leaked a ruling overturning Roe v. Wade, which established a right to abortion.
Even with used-car prices falling, buyers are still paying more than $7,100 above ‘normal,’ report finds
Despite an 8.8% drop in December’s used car prices from a year earlier, they are still 30% above where they’d be if normal depreciation had occurred.
Bitcoin swings positive, and crypto VCs double down despite FTX collapse: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, we explore the aftershocks of the FTX collapse and Rob Frasca, the founder and managing partner of COSIMO Ventures, explains whether the crypto exchange’s implosion caused him to change his investment strategy.
Grayscale Bitcoin Trust could double by midyear, Ned Davis Research says
The bitcoin fund has been trading at a large discount to its crypto holdings, which gives it room for a big rally, according to Ned Davis Research.