Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Netflix lost paid U.S. subscribers for the first time in eight years and fell below analyst estimates for international subscriber growth.Tech Driversread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Stocks fell for a third straight day on Thursday as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
Southwest joints United and American in taking the Boeing 737 Max out of its schedules through early November with no end in sight to the federally mandated grounding of the...Airlinesread more
Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Morgan Stanley highlighted 20 companies including Uber and American Express that it expects earnings will drive the stock price in the near-term.Investingread more
The filing came a day after the judge in Michael Cohen's criminal case ordered their release, saying that the end of a probe into those payments to alleged sexual partners of...Politicsread more
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
Christmas Eve surpasses Valentine's Day as the romantic dinner event for Japanese couples, but viewed as a socioeconomic read on Japan, the celebration highlights two major problems the country faces: low wages and low birth rates.
"Twenty and thirty-somethings are disproportionately struggling to find stable, well-paying jobs – and that is making young Japanese men shy away from getting into relationships," said Naoki Yokota, senior researcher at Meiji Yasuda Institute of Life and Wellness.
According to the Institute's latest survey, the majority of Japanese women want potential partners to earn at least 4 million yen, around $33,728, but only 26.7 percent of men in their thirties meet that criteria; the number more than halves for men in their twenties.
Middle class incomes for men in their twenties and thirties are fallowing out. The number of thirty-somethings earning between 5 million and 6 million yen, around $42,628 to $51,154 – the average household income range in Japan – fell by almost 10 percent between 1997 and 2012, a recent government white paper showed. Incomes for twenty-somethings also fell.
Wages are a key concern for the government. Prime Minister Shinzo Abe again pledged to push companies to boost wages during his snap election campaign this year – a promise he's struggled to deliver on since taking office at the end of 2012.
A pricey dish
Despite the prevalence of low wages, the range of Christmas Eve dinner offerings in Japan runs the gamut.
Those with deep pockets can have a full course dinner in a private suite at the Intercontinental Tokyo Bay for 170,400 yen, or around $1,455, or a standard room at the Grand Hyatt Tokyo for around 100,000 yen, or around $855. Both plans have already sold out.
Meanwhile, bookings for Christmas dinner at the Intercontinental Tokyo Bay's Takumi restaurant at 40,000 yen per person, or around $341, are "booked twice over," said hotel spokesperson Takako Shiraishi.
But few can afford such lavish meals. At the less extravagant end of the market, some hotels are discounting their Christmas specials.
Grand Pacific Daiba, for instance, has cut the price of its dinner menu from 7,300 yen to 5,500 yen, or around $47 – widely seen as the minimum for a full course dinner – on a coupon site this week. Even the Intercontinental Tokyo Bay reduced the price of its cheapest Christmas stay package by more than a third to 36,000 yen.
Got a date?
While restaurants compete for customers through luxurious offerings and budget options, finding couples may prove difficult.
Only 22 percent of Japanese men in their twenties and 15 percent in their thirties have a partner, according to the Meiji Yasuda Institute survey.
The future looks as bleak – the government estimates that 20.1 percent of those born in 1995, who are now just under twenty, will never marry. At that rate, the birth rate will be stuck at around 1.3 per woman and the population will shrink from 127 million currently to 86.74 million by 2060.
Still, according to a survey from Open Table, 65 percent of respondents in their 20s and 30s want to spend Christmas Eve with a significant other.
Some hope to find last-minute dinner companions through speed dating events the day before Christmas Eve.
One event, run by a non-profit called "Supporting Marriage Activity," or J-konkatsu, has almost filled its eighty slots, according to founder Koki Goto, who organized the non-profit as a public service because "there are too many singles out there." He says women are more pro-active and sign up early for his events but most single men aren't even trying to find a partner.
"No couples, thank you"
And if all else fails, PiaPia2's got them covered.
The restaurant has banned couples on Christmas Eve, making it a singles only destination.
The notice, which has gone viral, was originally meant to elicit a chuckle out of regular customers, but also to secure headcount, restaurant manager Jun Sakai said. One of his waiters, a 19 year-old, didn't want to work on the 24th – he's still nursing the wounds of being dumped on the very day.
Their main draw? A 2.5kg spaghetti bolognaise, at 1,800 yen, or around $15, per serving.