Category: Business News

Stocks week ahead: Netflix’s most consequential earnings report is coming

The streaming giant will report its second-quarter earnings on Tuesday, and it’s shaping up to be one of the most consequential moments in the 25-year history of the company.

Whatever happens Tuesday could reshape the future of the company as well as the entire streaming sector. As goes Netflix, so goes streaming.

“There will be hell to pay if they report a number that is significantly higher than the 2 million loss being thrown around,” Andrew Hare, a senior vice president of research at Magid, told CNN Business.

The streaming market has matured and saturated, Hare noted. So investors will be asking: “What’s next and where is the growth going to come from?”

Netflix is ​​pinning its hopes on potential savior: advertising.

The company announced Wednesday that it will partner with Microsoft on a new, cheaper ad-supported subscription plan. Despite Reed Hastings, Netflix’s CEO, being allergic to the idea for

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Barry’s Rooftop adding bathrooms, video screen | Local Business News

Barry’s Rooftop is getting a new amenity that could come in handy during Nebraska football Saturdays.

Owner Mark Suleiman said he is working on adding full-service bathrooms to the open-air space on the top floor of Barry’s Bar and Grill at Ninth and P streets and hopes to have them ready in time for the first Husker game in Ireland on Aug . 27.

“We’re hoping the city approves our permit and that the supply chain challenges allow us to get those installed before kickoff,” Suleiman said. “It’ll be close.”

Suleiman, a Lincoln-based real estate investor who bought the iconic bar last year and reopened it during football season, said the bathrooms will be very modern, with high-end finishes and motion sensors that will facilitate a touchless environment.

“These aren’t the tired Memorial Stadium troughs,” he said, referring to urinals in the men’s bathrooms at the stadium.

People are also

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American Airlines says it could take 3 years to get back to full nationwide capacity

American Airlines said Thursday it could take up to three years to get back to full, nationwide capacity due to what it said was an ongoing pilot shortage.

CEO Robert Isom told investors that demand for air travel is at record levels, but that the airline’s travel schedule remains impacted by supply chain disruptions and staffing shortages that worsened during the pandemic.

As a result, Isom predicted that restoring flight capacity across its main routes will take about a year. “I think it’s dependent on the supply chains of aircraft manufacturers and ultimately, pilot supply to get all back in sync,” the CEO said.

On the other hand, American Airlines’ regional routes will be tougher to stabilize.

“From a regional perspective, it’s just going to take a little bit longer than that, maybe 2 or 3 years, to kind of get the supply chain for pilots back to where we

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Vince McMahon retires as WWE CEO after sexual misconduct probe

Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey.

Michael N. Todaro | Getty Images

World Wrestling Entertainment CEO Vince McMahon announced Friday that he was fully retiring after decades of leading the company founded by his father, a move that comes after it was revealed in June that the WWE’s was investigating allegations of sexual misconduct against him.

Earlier this month, The Wall Street Journal reported that the married McMahon had paid more than $12 million to four women, all of who had been affiliated with the WWE, over the past 16 years to cover up claims of sexual misconduct and infidelity.

McMahon is by far the best-known promoter of professional wrestling in the United States, following in the footsteps of his father Vince McMahon Sr., and his grandfather Jess McMahon, who had been leading promoters of the heavily scripted

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Amazon workers demand more details in warehouse employee’s death

Some employees at the Amazon warehouse where a worker was transported to a hospital and died last week were voicing anger and frustration over the company’s response, calling on the e-commerce giant to release more information.

The fatality, which occurred on July 13 during the company’s Prime Day shopping rush at a Carteret, New Jersey, fulfillment center, has kicked off an investigation by federal regulators at the Occupational Safety and Health Administration.

On Friday, Amazon rejected as “rumors” the concerns raised by some staffers that the death was work-related, with spokesman Sam Stephenson telling NBC News in a statement that the incident “was related to a personal medical condition.”

Stephenson said Amazon had conducted an internal investigation during which a fellow employee said that the worker who died had reported experiencing chest pains the evening before his shift but didn’t alert colleagues or managers at the warehouse.

Do you have

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