Money

As the US budget deficit barrels toward $1 trillion, the White House doubles down on claim that tax cuts will 'pay for themselves'

10 days ago   |   By

Evan Vucci/AP
The Congressional Budget Office projected that the federal deficit would surpass $1 trillion this year for the first time since 2012.
Economists say the Republican tax bill President Donald Trump approved in 2017 has driven a sharp jump in the federal deficit.
But the White House is doubling down on the claim that the $1.5 trillion package will eventually break even.
Visit Business Insider's homepage for more stories .
The US economy is expanding at a healthy pace, with the unemployment rate at its lowest level in half a century. So why is the government increasingly spending...
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Netflix is letting people without a subscription watch 'To All the Boys I've Loved Before' to try to boost sign-ups - the first time the streaming service has offered a free movie

Netflix is letting people without a subscription watch 'To All the Boys I've Loved Before' to try to boost sign-ups - the first time the streaming service has offered a free movie

10 days ago   |   By

Netflix
Netflix is offering a free movie in the US to try and entice people to subscribe to watch the sequel. The strategy is a variation of an incentive Netflix previously used with shows in other countries.
Netflix US subscriber growth missed analysts' targets during the past three quarters, and offering a free movie is the newest attempt to bolster US subscriptions, which fell below expectations for the quarter.
Slowing subscription rates in the US follow Netflix's price increase last year and the release of competing streaming services such as Disney Plus.
Visit Business Insider's...
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Netflix's share of US time spent with digital video will decline for the first time in 2020

Netflix's share of US time spent with digital video will decline for the first time in 2020

10 days ago   |   By

This is a preview of new market research from our partners at eMarketer.
You can check to see if your company already subscribes to eMarketer PRO, or inquire about access here.
The Forecasting Team at eMarketer combs thousands of vetted sources each day to create forward-looking estimates into the future of a company, trend, or industry. Their rigorous process distills the data and contextualizes it for subscribers.
eMarketer's latest estimates show that Netflix's share of daily digital video time among US adults reached a peak in 2019 at 27.0%, and will fall for the first time in 2020 to...
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