Markets


Netflix shares nosedive on fears about subscriber growth
- April 25, 2016

On Monday Needham reiterated its target for shares of Netflix , Inc .as "Buy" recommending a target price of 115 for investors; potentially meaning there is an increase of 6.09% from Netflix , Inc .'s share price of 108.4. "We should keep an open mind on this", he said. Until recently, to get the full Amazon Prime membership-which includes free two-day shipping, plus Amazon's video and music streaming services at no extra charge-you'd have to pay a yearly, upfront fee of $99. (more...)
Amazon Launches Two New Monthly Subscription Plans For Prime Video
- April 25, 2016

This move for Amazon isn't very surprising as more services continue to add premium video content for a cost. Previously, Prime had only been available for $99 per year, which breaks down to $8.25 per month. But Amazon is steadily chipping away at this skepticism and doubt about Prime Video by acquiring content Netflix does not have the rights to. (more...)
Amazon Rivals Netflix With Stand-Alone Video Subscriptions
- April 25, 2016

Both The Wall Street Journal and New York Times report the plan would cost $8.99 a month, $1 below Netflix's standard plan of $9.99. The global online movies market is projected to grow at a CAGR of 20.85%, due to the increasing popularity of streaming, downloading and monthly subscription services. (more...)
'Jungle Book' roars with $61 million in a dominant second weekend
- April 25, 2016

The first film was budgeted at $170 million, earned $56.2 million in its debut and went on to gross $396.6 million worldwide. "Its incredible (and somewhat unexpected) success is stoking the fires of box office momentum and is loading up multiplexes with herds of film fans of all ages who are getting pumped up and ready for the official start on next Friday with the incredible Captain America: Civil War and then the onslaught of blockbuster hopefuls from every studio week after week". (more...)
Obscene sums of money in USA politics: Clooney
- April 25, 2016

I think it's an obscene amount of money ", Clooney replied, with condescension dripping from every word. US presidential candidate Bernie Sanders, who has made income inequality a top campaign theme, had taxable income of $205,271 in 2014, putting him nearly in the top 5 percent of American earners, according to the release of Friday of his federal tax return. (more...)
Microsoft's $20.5B quarter: Office up, Surface up, cloud booming Microsoft's $20.5B quarter: Office up, Surface up, cloud booming
- April 25, 2016

Microsoft said that its Intelligent Cloud segment, which includes its lineup of Azure public cloud services, posted a revenue increase of 3% to $6.1 billion. Microsoft's traditional profit engines, like Windows, have weakened considerably as sales in the PC market have remained in a multiyear slump. Adjusted revenue of $22.08 billion was just shy of the $22.09 billion analysts had expected , according to Thomson Reuters I/B/E/S. (more...)
Ripples in the cloud as Microsoft reports 25pc fall in profits Ripples in the cloud as Microsoft reports 25pc fall in profits
- April 25, 2016

In constant currency (cc) terms, Cloud revenue rose 8% and Azure specifically grew 120% in constant currency basis. Phone revenue slid 46 per cent in constant currency, while Surface revenue increased 61 per cent in constant currency, which Microsoft stated was driven by the Surface Pro 4 and Surface Book. (more...)
Amazon-Netflix competition heats up with new monthly Prime membership
- April 24, 2016

Netflix said earlier this year that a "substantial number" of its longtime members who paid $7.99 monthly - and have been protected from price hikes - will pay an additional $2 starting in May. The companies are financing their own productions, such as Netflix's popular shows " House of Cards " and "Marvel's Jessica Jones". Original programs include " Transparent ", "Mozart in the Jungle" and "Catastrophe". (more...)
UPDATED Dow passes 18000 in nine-month high
- April 24, 2016

ENERGY: U.S. crude was down 76 cents, or 1.8 per cent, at $39.63 a barrel in NY. It ended down 1.4 percent. The Dow, which closed at 18,004 on Monday, is now up 16.5 percent from its low in 2016 and is within striking distance of its all-time record high of 18,351 last May. (more...)
Robert Downey Jr. joins cast of 'Spider-Man: Homecoming' Robert Downey Jr. joins cast of 'Spider-Man: Homecoming'
- April 24, 2016

Variety reported last week that Keaton was in early talks to join the film in a villainous role. Keaton could have played the long rumored villain, the Vulture . In one of the trailers of Captain America: Civil War, fans got the first glimpse Holland's Spider-Man, where the webslinger helps Stark by snatching away the shield of Captain America, played by Chris Evans . (more...)
Amazon offers video streaming service as monthly subscription
- April 24, 2016

Netflix has always been available on a monthly basis, without an annual commitment, offering several plans ranging from US$7.99 to US$11.99 a month, depending on video quality and the number of screens to which customers can stream video at the same time. (more...)
Microsoft Translator for Android now lets you translate words in photos Microsoft Translator for Android now lets you translate words in photos
- April 23, 2016

And more language packs are now available for offline translation, which relies on a type of artificial intelligence called deep learning. The next feature which has been made available in the Microsoft translator app update is the image translation. (more...)
Amazon Separate Prime Video and Launch Monthly Subscriptions Amazon Separate Prime Video and Launch Monthly Subscriptions
- April 23, 2016

As of now Netflix boast over 70 million subscribers worldwide, with 44 million of those users in the U.S. It is unknown how many subscribers Amazon Prime has but giving users a monthly option will definitely improve and boost those numbers. (more...)
Amazon takes on Netflix with stand-alone video service
- April 23, 2016

It might work, too, as convincing yourself to give something a try for a few months at $8.99 a month is easier than mentally justifying dropping $99 for Prime up-front, even though Amazon frequently offers trial periods. The online retailer had previously offered Prime Video in the United States as part of its $99 annual membership fee, but now U.S. consumers will have the option of paying $8.99 a month to stream videos, the Wall Street Journal reported . (more...)
Three Charged With Felonies in Flint Water Investigation Three Charged With Felonies in Flint Water Investigation
- April 22, 2016

In the meantime, the water is still not safe for residents to use. The first criminal charges have been filed in Flint's lead-tainted water crisis, including allegations that two state regulators and a Flint water plant supervisor tampered with evidence and that the state regulators knowingly misled U.S. (more...)
Beyoncé's 'Lemonade' Special Will Debut On HBO For Free
- April 22, 2016

On Saturday there is a Beyonce special on HBO called Lemonade. "Though it also posted a shorter version of the trailer on its Twitter page, the caption simply reads: "#LEMONADE Premieres April 23 at 9ET/6PT on HBO ". "Love of my, you are the love of my life". It was witnessed by almost two million fans, and earned her over $212 million in sales. The songstress started posting lemon-themed photos on Instagram six months ago. (more...)
Tesla to recall 2700 Model X SUVs over seat issue
- April 22, 2016

Futuris SA is the supplier of the Model X's third-row seats, and Tesla said it's holding Futuris responsible for the costs. It follows Tesla's recall of 90,000 Model S sedans in November to check seat belts. The affected units were produced before March 26, 2016. Its production levels are still dwarfed by Tesla's luxury sedan, the Model S. Tesla pointed out there have been no reports of the flaw from customers, neither did the issue appear during strength tests in North America. (more...)
Clinton: Connecticut's gun violence efforts should be model
- April 22, 2016

Hillary Clinton will already make history if she clinches the Democratic nomination, as she's on track to do, especially after Tuesday's primary in her adopted home state of NY. However, her recent Twitter tirade over Ted Cruz whining about how hard campaigning for president is shows beyond a doubt that Warren is ready for the no. (more...)
Ted Cruz poised to win Wyoming Republican presidential primary contest Ted Cruz poised to win Wyoming Republican presidential primary contest
- April 21, 2016

But there was worry from some - even those opposed to Trump - that party machinations would try to steer the nomination away from Trump or Sen. ( Cruz ) has been smart and organized in trying to see to it that these delegates - regardless of whether they're pledged to him or not - are supporters of his. (more...)
Amazon Challenges Netflix With Standalone Video Streaming Service
- April 21, 2016

Customers who subscribe month-to-month for the full Prime service will pay nearly $33 more a year than if they subscribe on an annual basis. Original programs include " Transparent ", "Mozart in the Jungle" and "Catastrophe". It appears that someone working closely with Mr. Bezos stumbled across the article (I know, wishful thinking) as the Internet-based retailer with infinite products will be offering different monthly payment packages for its Prime service. (more...)