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Netflix Ad-Supported Service Reaches 5 Million Monthly Active Users
According to the executives of video streaming giant Netflix, the company’s recently-launched ad-supported service reaches nearly 5 million monthly active users. The service, which was launched last November in 12 markets, offers the flagship video streaming service for just $7 a month as an alternative to ad-free plans which start at $10 per month.
MACROECONOMIC DATA ANALYSIS
The International Monetary Fund (IMF) stated that Jordan should accelerate structural economic reforms to boost growth beyond the average 2% to 3% it has hit in recent years to aid the nation in generating more jobs to reduce sky-high unemployment. “With unemployment still high, and particularly among the youth and women, structural reforms are essential for achieving strong and inclusive growth and creating more jobs,” IMF official Ron van Rooden stated to reporters.
Chile has officially given the green light to the mining tax reform which now only requires the signature of leftist President Gabriel Boric in order to become consttitued in the South American nation’s lawbook. The president has previously backed the reform publicly. “With this legislation, we seek to avoid what happened many times with our country's natural riches: they were exploited, they disappeared, which left very little for the country and its future development,” said Finance Minister Mario Mancel.
CURRENCIES
The U.S. dollar continued to regain strength on Thursday’s early hours, holding near a seven-week peak amid President Joe Biden and top congressional Republican Kevin McCarthy working towards avoiding a damaging debt default. The dollar index, which tracks the greenback against other major currencies, jumped 0.15% to 102.882.
GOLD
Gold prices edged lower on Thursday as market participants and speculators await more cues from the United States economy and monetary policy which is likely to set the next trend for the bullion. Gold futures traded 0.26% lower to price at $1,979 per ounce.
OIL
Oil prices fell on Thursday morning as investors and traders are eagerly awaiting signs of progress with regards to the United States debt ceiling conundrum, after surging around 3% in the previous session. Brent futures fell 0.35% to $76.69 per barrel, while WTI futures dropped 0.41% to $72.53 a barrel.
INDICES
USA: S&P500 +1.19%, Dow Jones Industrial Average +1.24%, Nasdaq Composite +1.22%
Europe: FTSE 100 +0.50%, DAX +1.03% CAC 40 +0.78%
Asia: Nikkei 225 +1.60%, Hang Seng +0.76%, CSI 300 -0.10%, Nifty 50 +0.03%
Newest
Daimler and Toyota announced on Tuesday that they had entered a non-binding agreement to combine the businesses of their truck units in Japan. Under the partnership’s memorandum of understanding (MOU), the businesses of Daimler-owned Mitsubishi Fuso Truck and Bus Corp and Toyota subsidiary Hino Motors would be combined under a holding company, as said in a statement.
OpenAI CEO Sam Altman said on Friday that the corporation is not planning on leaving Europe and areas of the European Union, contrasting a threat made earlier in the week to exit the region if it becomes difficult to comply with stringent artificial intelligence laws. The European Union is drafting a first set of global rules to govern artificial intelligence and Altman believes that the current draft is “over-regulating”.
