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At the very last minute, both Dominion Voting Systems and Fox News decided to settle their closely watched defamation lawsuit, rather than make their cases at trial. Jeremy W. Peters, who covers media and politics for The Times, was inside the courtroom as it happened.

☆ Netflix says technical glitch that torpedoed the 'Love is Blind' live reunion was from a bug accidentally introduced after Chris Rock's comedy special
▼ + stars: | 2023-04-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Netflix co-CEO said a bug caused the technical glitch that hit the live "Love is Blind" reunion live special on Sunday. About 6.5 million viewers have watched the "Love Is Blind" special so far, Peters added on Tuesday. The delay of the "Love is Blind" special angered fans who hit out at the streaming service for the mishap. It added 1.75 million streaming subscribers in the January to March quarter — short of analyst estimates of 2.06 million additions, per Refinitiv. The streaming service plans to roll out its unpopular paid account sharing across households this quarter, it said in its letter to shareholders on Tuesday.

☆ Netflix blames technical bug for live 'Love Is Blind' reunion snafu
▼ + stars: | 2023-04-18 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

Netflix Co-Chief Executive Officer Greg Peters blamed a technical "bug" for why the company had to delay its "Love Is Blind" reunion special. About 6.5 million viewers ultimately watched the "Love Is Blind" special on Netflix, Peters added. "A reunion show that's going to generate news and buzz, it really does play better live," Sarandos said. "We're super disappointed to not be able to come across with the live product for everyone who wanted it on the 'Love is Blind' reunion, but we're super thrilled people love the show. Some of those results oriented shows do play a little better live."

☆ Netflix subscriber adds disappoint after delaying password sharing crackdown
▼ + stars: | 2023-04-18 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

New York CNN —Netflix on Tuesday posted weaker-than-expected subscriber growth for the first three months of this year, causing its stock to fall as much as 8% in after-hours trading before rebounding somewhat. The disappointing subscriber growth came as Netflix delayed its plan to crack down on password sharing. Netflix (NFLX) reported revenue of around $8.2 billion for the quarter, up nearly 4% from the same period in the prior year and in line with analysts’ projections. Unlike its streaming rivals, Netflix had long been resistant to live streaming because of its high costs. But, facing steeper competition, Netflix has started to experiment with the format, one it apparently has not yet perfected.

☆ Netflix says it will finally crack down on password sharing soon
▼ + stars: | 2023-04-18 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Netflix said it has delayed rolling out its paid sharing program to Q2 from Q1. Under the new policy, members will pay a fee to share accounts with people outside of their households. "We're pleased with the most recent launches of paid sharing, and while we could have launched broadly in Q1, we found opportunities to improve the experience for members. Under Netflix's new "paid sharing" policy, members would have to pay a fee to share their accounts with people outside of their households. In January, Netflix's co-CEO, Greg Peters, warned that password sharing would not be a "universally popular move," according to The Hollywood Reporter.

☆ How a Campaign Against Transgender Rights Mobilized Conservatives
▼ + stars: | 2023-04-16 | by ( Adam Nagourney | Jeremy W. Peters | ) www.nytimes.com time to read: +1 min

When the Supreme Court declared a constitutional right to same-sex marriage nearly eight years ago, social conservatives were set adrift. “We knew we needed to find an issue that the candidates were comfortable talking about,” said Terry Schilling, the president of American Principles Project, a social conservative advocacy group. “And we threw everything at the wall.”What has stuck, somewhat unexpectedly, is the issue of transgender identity, particularly among young people. Today, the effort to restrict transgender rights has supplanted same-sex marriage as an animating issue for social conservatives at a pace that has stunned political leaders across the spectrum. It has reinvigorated a network of conservative groups, increased fund-raising and set the agenda in school boards and state legislatures.

☆ A huge win in Wisconsin shows Dems how fiercely defending abortion rights can kneecap the GOP in 2024
▼ + stars: | 2023-04-16 | by ( Nicole Gaudiano | Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Expect Democrats to make abortion rights a dominant theme in 2024. The Democratic party chair there says it's "vital" that party members convey their position. Expect Democrats to make sure of that, especially after a recent Wisconsin election further demonstrated the power of abortion rights at the ballot box. Abortion rights advocates protest outside the White House in July 2022. Dems shift to talking openly about abortionThe Democratic Party has rapidly changed its views on abortion.

☆ Amazon's worker safety hazards come under fire from regulators and the DOJ
▼ + stars: | 2023-04-15 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

In 2021, Amazon's injury rate was almost 1.5 times the industry average. Jennifer Crane works through pain at an Amazon warehouse in St. Peters, Missouri, after hurting her wrist in October. Amazon worker Jennifer Crane at her house outside St. Louis, Missouri, in 2022. OSHA also cited Amazon for 14 record-keeping violations, finding that the company failed to properly report worker injuries and illnesses. If you're rushing, you're going to make mistakes and someone's going to get hurt."

☆ Here's Goldman's winning options strategy heading into earnings season
▼ + stars: | 2023-04-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Goldman Sachs is looking at using stock options as a way to play the forthcoming earnings season. In a note last week, the firm recommended buying at-the-money straddles, which involve purchasing both a put and a call option. "One of our preferred options strategies ahead of earnings is buying straddles that are inexpensive relative to their typical one-day earnings move," Goldman Sachs derivatives specialists Sesha Phani wrote. Goldman posits that the options market hasn't yet fully priced in the volatility that some of the stocks on its list have shown in the past. NFLX YTD mountain Shares of Netflix have been higher from the start of the year, although shares remain vulnerable to volatility.

☆ Manhattan real estate sales plunge 38%, but cash deals hit all-time record
▼ + stars: | 2023-04-04 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile, according to new reports. The average sales price fell 5% to $1.95 million and the median sales price fell 10% to $1.075 million, according to the report. The average discount from the initial list price to sales price in the first quarter price was 7%, up from 5% in the fourth quarter, according to Serhant. Overall, cash deals rose to a record 57% of all sales in the quarter, Miller said. "It's not by any stretch a seller's market, but it's getting busier each month."

☆ Senate Democrats bemused by Trump's daydream of running Marjorie Taylor Greene against them: 'We'll beat her'
▼ + stars: | 2023-03-28 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

Donald Trump recently said he'd love to see GOP Rep. Marjorie Taylor Greene run for Senate. The last three Senate hopefuls Trump has backed in Georgia have lost six straight contests. Current Senate campaign chair Gary Peters is confident Greene would also fall short. Warnock looked rather incredulous as Insider asked for his opinion about Trump's show of support for a Greene senate bid. That's exactly the right attitude to take, Democratic strategist Rodell Mollieneau told Insider.

☆ Sanlam: There are many high quality names in the tech sector that are secular growth drivers
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSanlam: There are many high quality names in the tech sector that are secular growth driversHannah Gooch-Peters of Sanlam Investments discusses the big gains in the tech sector this year, and how that's a function of investors rotating away from more cyclical parts of the market, and how they positioned themselves at the end of last year.

"You're going to see a lot more aggressive UAW," Fain told reporters late Monday after a day-long meeting with local union officials. Those contracts could be models for the UAW's goals in talks with the Detroit automakers beginning this summer, analysts said. The Detroit automakers have reported robust profits during the past four years from their North American operations, mainly thanks to the pickup trucks and SUVs that UAW members assemble. Securing UAW jobs as the Detroit automakers shift toward electric vehicles is a "top priority," Fain said. The UAW and Detroit automakers will begin bargaining toward new contracts this summer.

☆ Princeton Owes Its March Madness Run to…Yale?
▼ + stars: | 2023-03-23 | by ( Andrew Beaton | ) www.wsj.com time to read: 1 min

Princeton guard Blake Peters stewed alone outside the Dinky Bar & Kitchen last month while his father waited 20 minutes for a table. He was miserable and it was hard to blame him: Princeton had just suffered one of the most statistically improbable defeats of the entire college basketball season. “Blake wasn’t in any kind of mood to talk,” said Ashley Peters, his father.

Nvidia Corp (NVDA.O) unveiled its own service, known as "Picasso," that uses AI to generate images, videos and 3D applications from text descriptions. Nvidia trained the technology on images licensed from Getty Images, Shutterstock Inc (SSTK.N), and Adobe, and plans to pay royalties. Image-generation technology is "trained" on billions of images, but whether that use is legally permitted is not always clear. Because the AI has been trained on Adobe Stock images, openly licensed content and older content where copyright has expired, the resulting creations are safe for commercial use, it said. "We're very interested in making this creator friendly," Ely Greenfield, chief technology officer for digital media at Adobe, told Reuters.

☆ Ron DeSantis is staying silent amid a push from MAGAworld for him to say or do something about a possible Trump indictment
▼ + stars: | 2023-03-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

As MAGAworld rages about rumors that Donald Trump will be indicted, Ron DeSantis has stayed quiet. Ron DeSantis is facing immense pressure from the far-right wings of MAGAworld to help former President Donald Trump evade a potential indictment in New York. Posobiec told The New York Times that he was "taking receipts on everyone" who hasn't blasted a potential Trump indictment. Far-right influencer Stew Peters tweeted that DeSantis should send the Florida National Guard to protect the former president at the Mar-a-Lago resort. Once allies with DeSantis, Trump has over the last year increasingly launched personal attacks at the governor.

☆ GM CEO meets with senators on self-driving cars
▼ + stars: | 2023-03-17 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] The Cruise Origin autonomous vehicle, a Honda and General Motors self-driving car partnership, is seen during its unveiling in San Francisco, California, U.S. January 21, 2020. REUTERS/Stephen Lam/File PhotoWASHINGTON, March 16 (Reuters) - General Motors (GM.N) CEO Mary Barra met with two key senators on Thursday as the Detroit automaker pushes for legislation to speed deployment of self-driving vehicles on U.S. roads. He added that Barra discussed with the lawmakers "the future of mobility -- including autonomous vehicles." GM wants to deploy its Origin vehicle, which has subway-like doors and no steering wheels. NHTSA said it received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized."

☆ Fund strategist: We were buying Intuit stock during the stock market sell-off
▼ + stars: | 2023-03-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFund strategist: We were buying Intuit stock during the stock market sell-offHannah Gooch-Peters, global equity investment analyst at Sanlam Investments, said her fund is buying shares of tax specialist Intuit amid the stock market sell-off over problems in the banking sector.

☆ Bodycam footage shows cops forcefully arresting a Black family at a Starbucks car park. A jury awarded them $8.25 million in damages.
▼ + stars: | 2023-03-16 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A Black mother and her two daughters were detained at a Starbucks car park in California in 2019. A California jury awarded the family more than $8 million on Wednesday, court documents show. After an altercation, Holland ordered all three family members out of the car and detained them, the video shows. The Alameda County Sheriff's Office did not immediately respond to Insider's for comment. It happened in a Starbucks car park, not in the actual shop.

Google , Netflix , Meta , Apple , Amazon and Microsoft generate nearly half of all internet traffic today. Big Tech firms say this would amount to an "internet tax" that could undermine net neutrality. They bemoaned spending billions on laying cables and installing antennas to cope with rising internet demand without corresponding investments from Big Tech. One suggestion is to require individual bargaining deals with the Big Tech firms, similar to Australian licensing models between news publishers and internet platforms. "The imbalance is not down to Big Tech, it's not down to streamers, and it's not down to telcos.

☆ 'Higher for longer' interest rates are probably the right call for the short term, strategist says
▼ + stars: | 2023-03-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Higher for longer' interest rates are probably the right call for the short term, strategist saysGrace Peters, managing director and head of investment strategy for EMEA at J.P. Morgan Private Bank, discusses future rate hikes from the Federal Reserve.

☆ Bodycam footage shows cops forcefully arresting a Black family at Starbucks. A jury awarded them $8.25 million in damages.
▼ + stars: | 2023-03-09 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A Black mother and her two daughters were detained at a Starbucks in California in September 2019. Bodycam footage shows the family were handcuffed after the mother refused to show her ID. A California jury awarded the family more than $8 million on Wednesday, court documents show. After an altercation, Holland ordered all three family members out of the car and detained them, the video shows. The Alameda County Sheriff's Office did not immediately respond to Insider's for comment.

☆ Gap announces big loss, declining sales and executive shakeup
▼ + stars: | 2023-03-09 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +5 min

Gap reported sales of $4.24 billion, down 6% from $4.53 billion a year earlier. Online sales, which represent 41% of total net sales, plummeted 10% compared to last year, the company said. It expected first quarter net sales to decrease in the mid-single digit range compared to the prior fiscal year and expects fiscal 2023 net sales to decrease in the low to mid-single digit range. Overall, net sales for the year dropped to $15.62 billion compared to $16.67 billion in the prior fiscal year. Net losses for the year came in at $202 million, compared to a net income of $256 million in the prior fiscal year.

☆ Netflix's expected password-sharing crackdown puts college students on edge
▼ + stars: | 2023-03-08 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +9 min

Sam Figiel, a sophomore at Mercer University in Georgia, said access to Netflix is required for many of his peers' classes. Yet the gradual password-sharing changes have created uncertainty for college students who might not have, or want to spend, disposable income for their own subscriptions. People in the 18-to-34 age group, which accounts for 30% of all Netflix users, are more likely to exchange passwords than older viewers. "There are a lot, lot, lot of U.S. users that are not paying for it, and so I think they're very sensitive to the backlash that they're going to get when they institute this," Nollen said. Staying or leavingEven if the cost of a subscription could rise for borrowers, some college students think Netflix is too important to give up.

☆ Coinbase buys digital asset firm One River Digital in growth push
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +1 min

March 3 (Reuters) - Coinbase Inc (COIN.O) has acquired One River Digital Asset Management (ORDAM), the cryptocurrency exchange said on Friday as it aims to beef up services and take advantage of weak valuations of digital asset companies. The company did not disclose the financial details of the deal, in which ORDAM will become Coinbase Asset Management and operate as a fully-owned unit of Coinbase. ORDAM is a digital asset manager that provides institutional clients exposure to digital assets through investment products. Eric Peters will continue to serve as chief executive of Coinbase Asset Management as well as One River Asset Management, the parent company of ORDAM. "Coinbase and ORDAM share an ethos grounded in prudent risk management, a trait which has enabled both firms to successfully navigate the recent market turmoil," Coinbase said in a blog.

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