Not only households but hotels are switching from cable to streaming services (like a hotel I stayed in recently), and those corporate consumers of services like Netflix may be the backbone of future earnings.
Netflix's Squid Game Success, The Content Slate, And The Challenges To Look Out For
Summary
Netflix reported better-than-expected subscriber additions for the third quarter, and there
Indexes close up more than 1% as investors assess Fed news
Sept 23 - U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates.Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for those 65 and older.Also helping sentiment, concern about a ripple effect from China Evergrande continued to ease.The Fed said