Netflix (NFLX) earnings Q2 2022

Netflix (NFLX) earnings Q2 2022

Netflix shares jumped after the company said it lost fewer subscribers than anticipated during the second quarter. The streamer also said it aimed to unveil its lower-cost, ad-supported tier in early 2023. This comes on the heels of Netflix tapping Microsoft to be its partner on the ad-supported offering. “We’ll likely start in a handful … Read more

Costco hot dogs are safe from price hikes despite inflation, CEO says

Costco hot dogs are safe from price hikes despite inflation, CEO says

Some good news for inflation-weary Americans: There will be no price hike on Costco’s hot dogs. In an interview Monday on CNBC’s “Squawk on the Street,” CEO Craig Jelinek had a one-word answer when asked whether he would raise the signature food court item’s price: “No.” Costco has continued to put up strong sales, even … Read more