Money

Netflix considering price increase amid password crackdown

Published

2 months ago

October 17, 2023

ticker NEWS

Netflix is reportedly exploring the possibility of raising its subscription prices following the success of its recent crackdown on password-sharing.

This move could have significant implications for the streaming giant’s millions of users worldwide.

The streaming service has long been aware of the issue of password-sharing, where users share their login credentials with friends and family, essentially allowing multiple people to access the service for the price of a single subscription. In response to this, Netflix has recently implemented stricter measures to detect and prevent unauthorized account sharing.

The crackdown, which has seen some users being prompted to verify their accounts through various methods, has garnered praise for its effectiveness in curbing password-sharing. However, it has also raised questions about whether Netflix intends to capitalize on this success by raising subscription prices.

While Netflix has not officially confirmed any price hikes, industry analysts speculate that the company may use the crackdown’s success as a justification for future increases. The potential price hikes could come as a surprise to users who have become accustomed to Netflix’s relatively stable subscription costs over the years.

Is Netflix planning to raise prices as a way to recoup revenue lost to password-sharing, or is it simply a strategic move to boost its profits further?

Money

RBA maintains 4.35% rates as mortgage applications surge

Published

15 hours ago

December 5, 2023

ticker NEWS

The Reserve Bank of Australia (RBA) has decided to keep its official cash rate at 4.35%, citing concerns over the rapidly increasing number of mortgage applications.

This decision comes after several consecutive meetings where the RBA has refrained from adjusting interest rates.

The central bank’s decision to hold rates steady reflects their cautious approach to managing the current housing market boom. Mortgage applications have seen a significant surge in recent months, driven by record-low interest rates and increased demand for housing. While this has been a boon for the real estate industry, it has raised concerns about the potential for a housing bubble and financial stability.

Experts are divided on whether the RBA’s decision is the right course of action.

Some argue that maintaining low-interest rates is necessary to support economic recovery, especially in the wake of the COVID-19 pandemic. Others worry that the continued surge in mortgage applications without rate adjustments could lead to unsustainable levels of household debt.

In light of this decision, homeowners, prospective buyers, and investors will be closely watching the housing market’s trajectory and wondering how long the RBA can maintain its current stance.

Money

There’s a 50/50 chance of a 2024 recession

Published

21 hours ago

December 5, 2023

ticker NEWS

The economy has been remarkably resilient despite massive pressures – but is that about to change in 2024?

The US economy is in for a sharp slowdown in 2024 as a closely watched survey of top economists foresees stubbornly high inflation, a rise in unemployment and a 50% chance of recession.

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Money

Tesla insurance sued for ‘inflated’ premiums, judge rules

Published

1 day ago

December 5, 2023

ticker NEWS

A judge has ruled that Tesla’s insurance unit must face a lawsuit alleging “inflated” premiums.

The decision comes after policyholders claimed the electric car company’s insurance division overcharged them for coverage.

The lawsuit, which was filed by a group of Tesla policyholders, alleges that the premiums charged by Tesla’s insurance unit were significantly higher than market rates for similar coverage.

The plaintiffs argue that Tesla’s insurance division engaged in unfair pricing practices, leading to overpayment by policyholders.

Tesla has not yet commented on the judge’s decision, but the lawsuit raises questions about the transparency and fairness of the company’s insurance pricing.

It also highlights the growing scrutiny on how tech companies enter and compete in traditional industries like insurance.