Netflix's (NFLX) new active subscribers grew by 8.8 million users this quarter, illustrated in the streamers' third-quarter earnings beat. With digital devices becoming more everpresent and skyrocketing streaming subscriptions, younger tech "superusers" are expected to spend the majority of their day consuming media, according to an Activate Consulting report. Activate Consulting Founder and CEO Michael Wolf breaks down the firm's media and technology "attention clock" and who fits in the demographic of these "superusers." "We're forecasting by 2027, going be close to 13.5 hours a day, 13.5 hours a day of attention with technology and media," Wolf emphasizes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Netflix's (NFLX) new active subscribers grew by 8.8 million users this quarter, illustrated in the streamers' third-quarter earnings beat. With digital devices becoming more everpresent and skyrocketing streaming subscriptions, younger tech "superusers" are expected to spend the majority of their day consuming media, according to an Activate Consulting report.
Activate Consulting Founder and CEO Michael Wolf breaks down the firm's media and technology "attention clock" and who fits in the demographic of these "superusers."
"We're forecasting by 2027, going be close to 13.5 hours a day, 13.5 hours a day of attention with technology and media," Wolf emphasizes.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
TipRanks
It’s two years out from the COVID lockdowns, and some patterns are becoming clear. One that was not anticipated was a surge in reshoring of basic industries. The pandemic era highlighted vulnerabilities in our supply chain, and the government responded with a push to bring manufacturing back onto US shores. That push has included federal subsidies and incentives, but the motive remains simple: to reduce our dependence on foreign suppliers for everyday goods. The incentives have not been evenly a
Reuters
U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended. Refiners, which typically produce more distillates such as diesel and heating oil in autumn, are trying to rebuild inventories of these fuels that are near seasonal record lows. Meanwhile, Russia's short-lived diesel export ban, along with less refinery capacity and Western sanctions on Russian diesel, have hit diesel inventories and tightened supplies.
SmartAsset
I currently have $680,000 in a 401(k), $150,000 in savings and a pension of $1,600 per month. Can I retire at age 62? – Hieu This is a good question and the answer depends primarily on what your expenses are and how much you will collect from Social Security. What we can do here is […] The post Ask an Advisor: I Have $680K in a 401(k), a Monthly Pension of $1,600 and Another $150K in Cash. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
Reuters
The Chinese government has taken a "golden share" in a domestic subsidiary of tech giant Tencent Holdings, a company registration database showed, the latest sign of China stepping up its control over its tech sector. Wangtou Zhicheng, an entity controlled by the Chinese government, now owns a 1% stake in Shenzhen Yayue Technology after an investment of 600,000 yuan ($82,016.51), according to database Qichacha, which said the deal happened on Oc. Tencent, the world's largest video game company and the operator of the WeChat messaging platform, declined to comment.
Reuters
Making more products for China locally and buying chips from several suppliers are just two of the supply chain changes Dutch healthcare technology firm Philips is making due to rising trade tensions, its CEO Roy Jakobs told Reuters. The company intends to ensure that 90% of products for the Chinese market are sourced and assembled in China by 2024 - up from 75% at present and 48% in 2022. "Before we were all seeking the optimal global supply chain efficiency," he said.
TechCrunch
Tesla has finally set a date for the first deliveries of the Cybertruck. CEO Elon Musk posted on social media Wednesday that the Cybertruck delivery event, which traditionally means a few select customers get to take possession of their vehicles, will be held November 30 at company's Austin gigafactory. The news of the delivery event comes on the same day that Tesla reported its third-quarter earnings, results that showed a 44% drop in profits from the same period last year.
Reuters
BEIJING (Reuters) -China's CATL, the world's largest battery maker for electric vehicles (EV), said on Thursday that third-quarter profit rose 10.7%, its weakest quarter since the start of last year as slowing demand and stiff competition hit. CATL saw its China market share tumble in September to the lowest in more than a year, data showed, underscoring the challenges it faces from smaller rivals and weakening demand in the world's largest electric vehicle market. "CATL is facing pressure in the near term, given competition from tier-2 battery makers who price their products at a discount to CATL, and weaker-than-expected lithium-ion battery demand," Citi analysts said in a note.
Reuters
The Monetary Authority of Singapore (MAS) on Thursday told DBS Group Holdings' unit DBS Bank and Citibank Singapore to conduct a thorough investigation after they failed to recover their systems fully within a required timeframe during an unscheduled outage on Oct. 14. On Saturday Oct. 14, DBS's and Citibank's online banking and payment services went offline from around 3 p.m. Singapore time with services only fully resuming on Sunday morning, Singapore broadcaster CNA reported. Both used a data centre operated by Equinix.
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