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Getty / Comcast is Wells Fargo's favorite cable stock.
Business

Cord Cutting to Accelerate, But No "Doomsday" for Cable Financials, Analyst Says

Wells Fargo's Jennifer Fritzsche boosts her subscriber loss forecasts, while highlighting that the financial impact "is fairly limited" even in...
HBO Max

HBO Max Launches With Harry Potter Film Library

NBCU still has the rights to air the films on its linear channels.
Netflix will cancel inactive subscriptions. Picture: Alastair Pike / AFPSource:AFP

​Netflix to cancel inactive subscriptions ​

Netflix has been praised for its new policy of cancelling subscriptions that have been inactive for 12 months.
Established in 1918 with only a dozen cars, the global car rental giant had survived the Great Depression and numerous American recessions (AFP Photo/JUSTIN SULLIVAN)

Virus-hit Hertz declares bankruptcy in US and...

The chapter 11 filing follows that of another well-known American business, retailer J. Crew, and illustrates the extent of the damage to the economy...
Courtesy of France 24

China drops GDP goal as parliament opens amid...

China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic hammers the world's...
An employee double checks the contents of a customer order before sealing the package for shipment at the Jet.com fulfillment center in Kansas City, Kansas. Daniel Acker | Bloomberg | Getty Images

Walmart winds down Jet.com four years after $3.3...

The company said Tuesday that it will discontinue the website.
APPLE / Stores will have fewer people and everyone will need to wear a face mask

Coronavirus: Apple shoppers required to wear masks

Apple is gradually reopening its US stores, following easing of lockdowns intended to slow the Covid-19 pandemic.
Illustration by CNN

What eating in a restaurant may look like during...

Get ready for culture shock: Ambiance at a favorite restaurant may be unrecognizable, at least in the beginning.
Getty Images

Airbnb is laying off 25% of its employees

Prior to the layoffs, Airbnb had 7,500 employees, Chesky said. Airbnb will halt projects related to hotels, a transportation division and luxury...
Model Tyra Banks the Victoria's Secret fashion show Wednesday, Feb. 3, 1999 in New York. AP Photo/Mark Lennihan

The rise and fall of Victoria's Secret, America's...

Victoria's Secret is the largest lingerie retailer in the US and has been for several decades.
© Reuters / Michele Tantussi

Bezos ordered to testify in Congress, as Amazon...

Amazon CEO Jeff Bezos has been ordered to testify before Congress by the House Judiciary Committee, which has accused the corporation of lying about...
GETTY IMAGES

US blacklists five Amazon foreign websites

Five of online retail giant Amazon’s foreign websites have been placed on a blacklist by the Trump administration.
Air France-KLM's first Airbus A350 during a ceremony at its headquarters in Colomiers, near Toulouse, France, September 27, 2019,. © Regis Duvignau, REUTERS

French government announces 'historic' €7 billion...

France said on Friday it was readying a "historic" package of multi-billion euro loans to help carmaker Renault and flag-carrier Air France through...
First on CNN Business: JPMorgan, Ruth's Chris accused of cheating small businesses out of emergency loans

First on CNN Business: JPMorgan, Ruth's Chris...

The forgivable loan program, a centerpiece of the $2 trillion stimulus package enacted by Congress, aims to keep small businesses and their workers...
Donald Trump Cheers Exit Of Randall Stephenson From AT&T

Donald Trump Cheers Exit Of Randall Stephenson...

President Donald Trump weighed in on the news Friday that Randall Stephenson would be retiring and that John Stankey would succeed him.
After winning the battle to buy Time Warner for $85 billion, AT&T’s top boss wrote the script for a new kind of company powered by content and data. Randall Stephenson sat down with WSJ’s Matt Murray on Nov. 16, 2018.

AT&T’s Randall Stephenson to Retire as CEO

Longtime telecom boss to be replaced by deputy John Stankey; Stephenson to remain chairman until January
IMAGE: NBCU PHOTO BANK / NBCUNIVERSAL VIA GETTY IMAGES VIA GETTY IMAGES

HBO Max is coming. So where does that leave Go and...

Just in case you were tired of every streaming service you already use to pass the time right now, HBO Max is almost here.
Harry Varela, right, wears a protective mask as he talks with a woman requesting an unemployment form at a Miami-Dade County library in Miami on April 8, 2020.Lynne Sladky / AP

U.S. jobless claims reach 26 million since...

“The doors are still closed. There is still no smoke coming out of the chimneys in corporate America. It is not surprising that you continue to see...
Reed Hastings Ted Sarandos Claude Paris/AP/Shutterstock

Netflix’s Ted Sarandos Got a $6 Million Raise in...

Hastings' pay day increased by 7 percent, with his right-hand man making 17 percent more.
Courtesy of Netflix

Netflix Packs on Record 16 Million Subscribers in...

In after-hours trading Tuesday, Netflix shares popped to new all-time highs — up as much as 4.8% to $454.80 per share — but fell back to up about 1%.
The unprecedented price plunge comes as demand for energy collapses amid coronavirus-induced lockdowns © Frederic J. BROWN, AFP

Oil prices close below zero in unprecedented...

Oil prices plunged below zero on Monday for the first time in history, with the US benchmark West Texas Intermediate (WTI) closing at -$37.63 a...
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HBO Max Launches With Harry Potter Film Library

HBO Max Launches With Harry Potter Film Library

NBCU still has the rights to air the films on its linear channels.

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