Netflix will spend $17 billion on content this year as pandemic restrictions loosen and production resumes (NFLX)

Summary List Placement Netflix said it will spend over $17 billion “in cash” on content this year, according to a Tuesday letter to shareholders.  The company said that expense is contingent upon the continued vaccine roll-out around the world and the safe return to scheduled production. Netflix also said it will “continue to deliver an […]

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Biden’s USDA says it will extend free school lunches for kids through spring 2022

Summary List Placement The US Department of Agriculture announced on Tuesday that it is extending a free school-lunch program for every K-12 student through spring 2022. “States and districts wanted waivers extended to plan for safe reopening in the fall,” Agriculture Secretary Tom Vilsack said in a statement. “This action also increases the reimbursement rate […]

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Inside the booming market for buying Amazon sellers: Secrets and insights from an acquirer

BigStock Photo / PixieMe Over the past two years, dozens of heavily-funded investment firms have formed with a singular purpose: Buying small companies that sell through Amazon. In many ways, these so-called aggregators operate as mini private-equity firms. They quickly buy out popular mom-and-pop Amazon sellers, and then attempt to use their e-commerce expertise in […]

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Top nuclear commander says he will push to put bombers back on alert if US gets rid of its ICBMs

Summary List Placement America’s top nuclear commander told lawmakers Tuesday that he would push to put US nuclear-capable bombers on alert if the military lost its intercontinental ballistic missiles. As some lawmakers question the need to invest in nuclear modernization programs like the Ground Based Strategic Deterrent, a replacement for the aging Minuteman III ICBM […]

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Apple’s new item-tracking AirTags should be investigated by Congress, competitor Tile argues (AAPL)

Summary List Placement Apple’s new AirTags product, an external tracking device that hooks on to keys, luggage, and more, is already drawing criticism from competitors.  Tile, a company founded in 2012 that makes wireless Bluetooth trackers to attach to keys, phones, and wallets, wrote to Congress to say that Apple should be investigated for anti-competitive […]

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Georgia Gov. Kemp throws support behind Home Depot as the chain faces calls for a boycott over its silence on restrictive voting laws (HD)

Summary List Placement Georgia’s governor is speaking out against a call to boycott one of the state’s largest employers.  A group of Black religious leaders from more than 1,000 churches in the state on Tuesday called for a boycott of Home Depot following what they see as silence from the home-improvement chain about Georgia’s restrictive […]

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‘Clean up your mess, Kevin’: Democratic Rep. Hakeem Jeffries responds to Maxine Waters censure effort by telling GOP leader Kevin McCarthy to ‘sit this one out’

Summary List Placement Rep. Hakeem Jeffries, the 4th-highest ranking House Democrat, admonished Republican efforts to censure Democratic Rep. Maxine Waters and argued the GOP should deal with their own “mess” before attacking Democrats.  “Kevin McCarthy should focus on his own conference, because the Republicans in the House are a mess right now,” Jeffries told reporters. […]

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Dow tumbles 257 points as spike in COVID-19 cases spurs economic-recovery concern (INX, DJIA, COMPX, NDX, RUT, NKE, IBM, AAPL)

Summary List Placement US stocks dropped Tuesday, with their grip on record highs further loosening as investors worry about the prospects for global economic growth as COVID-19 cases worldwide increase. The S&P 500 and Dow Jones Industrial Average each fell for a second consecutive session, pulling back from last week’s strongest finishes on record. As […]

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