Netflix tries a different model for TV shows, paying more up front but keeping more later on big hits, insiders say

Netflix tries a different model for TV shows, paying more up front but keeping...

Netflix's contracts also generally require the production company to pay residuals, or fees to actors and crew when episodes air. Those costs have risen about 300 percent according to one industry executive, as the structure changed to account for replays on streaming networks as well as TV. In addition, production companies can lose out on…
Two Democrats are poised to become the first Muslim women in Congress

Two Democrats are poised to become the first Muslim women in Congress

Two Democrats are poised to become the first Muslim women in Congress, offering a sharp counterpoint to the anti-Muslim policies and sentiment surfacing in Washington and across the country. Ilhan Omar, a Minnesota state lawmaker and Somali-American former refugee, is favored to take a seat in Congress after winning her Democratic primary in a left-leaning…
Amazon Alexa completes tie-up with Microsoft Cortana almost a year after deal

Amazon Alexa completes tie-up with Microsoft Cortana almost a year after deal

Users of Amazon's Alexa and Microsoft's Cortana can now access features of the other's virtual assistant, the companies announced Wednesday. The integration gives Alexa and Cortana greater powers as they compete with Apple's Siri and Alphabet's Google Assistant. For example, a person with Cortana can now order products off Amazon or manage existing orders using…
These charts of past currency crises show Turkey may face a lot more pain ahead

These charts of past currency crises show Turkey may face a lot more pain...

The Turkish lira may be set for even more pain despite attempts by the country's banking regulator to curb investor ability to buy and short the national currency. Quick political fixes tend to provide short-term rallies to foreign exchange markets, but frequently lead to a resurgence in volatility in a matter of days, according to…
Macy’s is about to report earnings. Here’s everything you need to know

Macy’s is about to report earnings. Here’s everything you need to know

Macy's shares tumbled Wednesday morning despite the department store operator reporting quarterly earnings and sales that topped analysts' expectations and hiking its forecast for the full year. Amid tax reform and strong employment, consumers have been spending more across the U.S. and are expected to do so through this holiday season. However, Macy's is still…
Wells Fargo raises its Nvidia price target to $315 from $140 in a rare double upgrade

Wells Fargo raises its Nvidia price target to $315 from $140 in a rare...

Wells Fargo Securities is now a big believer in Nvidia's prospects. In a rare move, the firm raised its rating two notches to outperform from underperform for Nvidia shares, citing the strength of its artificial intelligence and cloud computing markets. It also raised its per-share price target to $315 from $140, representing 20.5 percent upside…
Weekly mortgage applications drop as homebuyers drop out

Weekly mortgage applications drop as homebuyers drop out

A small drop in mortgage interest rates was not enough to make pricey properties more enticing last week. Mortgage application volume fell 2 percent for the week, according to the Mortgage Bankers Association's seasonally adjusted report. Volume was 19 percent lower than the same week one year ago, when interest rates were lower. The drop…
Walmart teams up with Ellen DeGeneres for new denim-focused clothing line

Walmart teams up with Ellen DeGeneres for new denim-focused clothing line

Walmart is partnering with Ellen DeGeneres on a new clothing line as the retailer looks to bulk up its apparel brands in stores and online to compete with the likes of Amazon and Target. The move builds on Walmart's partnership with Lord & Taylor that was rolled out earlier this year on Walmart.com. Walmart also…
The most franchised company in the world isn’t McDonald’s or Starbucks

The most franchised company in the world isn’t McDonald’s or Starbucks

Despite the seeming ubiquity of McDonald's Golden Arches and the Starbucks' twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald's at 37,241 and third-place Starbucks at 27,339 locations. This number, however, belies the economic reality: while McDonald's and…
Twitter suspends right-wing media personality Alex Jones

Twitter suspends right-wing media personality Alex Jones

Lucas Jackson | Reuters Alex Jones from Infowars.com speaks during a rally in support of Republican presidential candidate Donald Trump near the Republican National Convention in Cleveland, Ohio, U.S., July 18, 2016. Twitter has restricted the account of right-wing media personality Alex Jones for violating its policies, according to a Tuesday report. Jones will be…

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