Business

2024-08-18

Streaming is getting more expensive for consumers. Here’s why

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Business

Jaque Silva | SOPA Images | Lightrocket | Getty Images Streaming is finally starting to pay off for media companies, but there’s a catch — to get there, consumers are facing higher subscription costs and increasingly frequent price hikes. Legacy media companies entered the streaming market with a focus on gaining subscribers and competing with category leader Netflix as…

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2024-08-18

Tax cuts, housing incentives, more price caps

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Business

U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at an event at the Hendrick Center for Automotive Excellence in Raleigh, North Carolina, U.S., August 16, 2024.  Jonathan Drake | Reuters Vice President Kamala Harris on Friday delivered an economic policy pitch aimed to appeal to middle-class voters by focusing on lowering the costs of food, housing, health…

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2024-08-17

China’s central bank says local government debt risks are declining

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Business

Pan Gongsheng, governor of the People’s Bank of China (PBOC), during the Lujiazui Forum in Shanghai, China, on Wednesday, June 19, 2024.  Bloomberg | Bloomberg | Getty Images BEIJING — China’s financial risks have dropped, including from local government debt, People’s Bank of China Governor Pan Gongsheng said in state media interviews published late Thursday. Pan also said the…

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2024-08-17

‘You know what to do in the stock market’

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Business

Eric Schmidt, who led Google for a decade, told Stanford students that, while he’s not one to give investment advice, he sees an obvious play in the stock market that doesn’t involve buying shares of his former employer. Schmidt said, in a video that was posted by Stanford this week and subsequently removed, that big technology companies are planning…

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2024-08-16

Warren Buffett did something curious with his Apple stock holding

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Business

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.  CNBC A coincidence or master plan? Warren Buffett now owns the exact same number of shares of Apple as he does Coca-Cola after slashing the tech holding by half. Many Buffett followers made the curious observation after a regulatory “13-F” filing Wednesday…

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2024-08-16

Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries

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Business

U.S. Vice President Kamala Harris delivers remarks during a campaign event at West Allis Central High School, in West Allis, Wisconsin, U.S., July 23, 2024.  Vincent Alban | Reuters WASHINGTON — Vice President Kamala Harris plans to propose the first-ever federal ban on “corporate price-gouging in the food and grocery industries,” her campaign announced late Wednesday. “There’s a big…

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