Randolph worked as a marketing director for Hastings' company, Pure Atria. They came up with the idea for Netflix while commuting between their homes in Santa Cruz and Pure Atria's headquarters in Sunnyvale while waiting for government regulators to approve the merger,  although Hasting has given several different explanations for how the idea was created.
The dollar rebounded from overnight lows if still down for the 4th day ahead of a bevy of earnings and before Fed Chair Jerome Powell's much-anticipated testimony to the U.
Europe's Stoxx Index was up 0. In Europe, technology stocks fell 0. Japanese stocks outperformed in Asia, helped by the yen which held close to its weakest level since January.
The Shanghai Composite resumed its slide, and despite a last hour rescue attempt, ostensibly by the National Team, it still closed below 2, for the first time since July Overnight, China's NBS reported city housing price data which showed that average commercial home price appreciation was 0.
Out of the 70 cities NBS monitors, more cities saw housing prices increase in June compared with May. The yuan also declined against a trade-weighted basket of currencies to the lowest since Dec.
The DXY index index fell 0. The index shed 0. The pound advanced after the UK announced record-high employment, raising the odds of an August interest-rate hike by the Bank of England despite the escalating political crisis which threatens to sweep Theresa May from power.
Emerging market stocks headed lower for a second day, while their currencies climbed. Company results have been mixed thus far, with Deutsche Bank and Bank of America beating estimates, counterbalancing misses by Netflix and Wells Fargo reading.
Today, Fed chair Jerome Powell will testify on the economy and monetary policy before the U. Markets will focus on his views on recent trade tensions. Others expected a dovish surprise: It may be remiss for Powell not to talk about the risks.
In the Eurozone, government bond yields inched lower by 0. German Bunds yielded 0. Dollar Index down 0.
The latest decline comes as Saudi Arabia is offering more crude cargoes to Asian customers, according to people familiar with the matter. Trump was said to be considering tapping the U.
In terms of sectors, telecom names lag their peers after Orange Prices have been unable to make any meaningful recovery from recent losses which have stemmed from ongoing concerns that a supply glut could return amid reports the US is open to considering waivers on Iran sanctions, Libyan refineries coming back online, as well as recent chatter that the US was mulling dipping into the strategic petroleum reserve.The inventions of machines such as the helicopter, the bicycle and the telescope are revealed in this collection of "Origins" episodes.
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Instead, it’s overlooked. Apr 23, · In February , Ted Sarandos, Netflix's chief content officer, told GQ “the goal is to become HBO faster than HBO can become us.” And that strategy appears to be paying off. Netflix's first quarter results were much better than expected. Mar 14, · Disney this morning announced a strategic reorganization of its business in order to better reflect its current priorities in the areas of technological innovation, global expansion, the creation.