• Reuters

    Netflix hits 40 million users for ad-supported plan

    The jump comes at a time when streaming companies are facing stiff competition and introducing bundles with their rivals to retain subscribers. Netflix, which launched the ad-supported plan in November 2022, said that 40% of all sign-ups come from those plans in the countries where they are available. Netflix also said it will launch an in-house advertising technology platform by the end of 2025.

  • Associated Press

    Defending champion Koepka looks to deliver more PGA punishment on 'big boy' course at Valhalla

    Brooks Koepka called them “punishment workouts” — the heavy menu of sprints and weightlifting that sap the color from his face, put him on the verge of throwing up, and leave him dreaming of ways to avoid that kind of torture in the future. Five weeks later, he’s at Valhalla — a “big-boy golf course,” as he described it — looking to defend his title at the PGA Championship. It might explain why his trainer, Ara Suppiah, dialed up the tough workouts after Augusta, and why Koepka has as many major victories (5) as he had “regular” wins on the PGA and European tour (4) before he left two years ago.

  • Reuters

    FOREX-Dollar swoons after data suggests rate cut in September

    The dollar slumped against major currencies on Wednesday after U.S. consumer prices in April showed inflation had resumed trending lower in the second quarter, raising hopes the Federal Reserve can deliver an interest rate cut as early as September. Also boosting optimism that the Fed was closer to a rate cut was a reading of U.S. retail sales that was unexpectedly flat last month, as higher gasoline prices pulled spending away from other goods in a sign the consumer was retrenching a bit. After inflation proved "sticky" in the first quarter, with housing rental rates and other prices remaining stubbornly high, the market welcomed the CPI data.