The company said it added 7.05 million subscribers during the quarter. Not only was that figure well above its own expectations of 5.2 million, but Netflix said it was the largest-ever quarterly subscriber growth in its history.
The U.S. economy continued to expand modestly from late November through the end of 2016 as a tightening labor market helped lift wages and prices more broadly, a Federal Reserve survey showed.
Federal Reserve Chair Janet Yellen said the U.S. economy is “close” to the central bank's objectives of full employment and stable prices and she's confident it will continue to improve.
Steve Mnuchin Steven Mnuchin, U.S. President-elect Donald Trump's reported choice for U.S. Treasury Secretary, speaks to members of the news media upon his arrival at Trump Tower in New York.
Bega Cheese Ltd. agreed to buy iconic brands including Vegemite and Kraft Peanut Butter for A$460 million ($345 million) to help turn the Australian dairy producer into a consumer-goods company.