Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread 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
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
CrowdStrike reports first earnings report since IPO.Technologyread more
Some blamed private equity for the rash of retail bankruptcies over the past few years, including those of Payless ShoeSource, Sports Authority and Toys R Us. Toys R Us, in...Retailread more
The content race is on.
Just this week Apple announced plans to invest $1 billion to buy and produce original programing next year. In 2016, HBO spent a reported $2 billion on content, and in 2017, Netflix plans to spend a whopping $6 billion. There's lots to watch, but is the viewer ready?
Recode Managing Editor Edmund Lee tells CNBC's "On The Money" that the medium is saturated with content and we've come a long way from the Big Network/ Prime Time mentality.
"Now with Netflix and Hulu and Amazon and all these other players, and Apple coming into the fray, you're not going to watch all that stuff. There's going to be different audiences for different shows. That's what we are seeing. There's a bit of a fracturing of the audience, " he says.
Meanwhile, streaming services are growing. In the past 12 months Amazon Prime has reportedly doubled its subscribers to more than 80 million. Netlfix has a reported 50 million.
Compare that to the 48 million pay television subscribers in the U.S. Hundreds of thousands of people have canceled their cable subscriptions in recent quarters. Is cable TV headed down the path of the dinosaur?
Lee believes so called "skinny bundles" could be a saving grace, offering subscribers more of what they want, less of what they don't — and at a savings. Lee explains that cable programmers typically sell the channels to the cable networks in bundles and that's how they are presented to customers.
But that's changing. "I think going forward you are going to see the $20, $30 maybe the $40 package that, sort of, hopefully gives you what you want."
The evolving technology has help customers cut the cable cord. But people who aren't technically inclined shouldn't worry about falling behind. Lee thinks eventually things will get easier.
"We're in this age right now where there is almost too much choice in terms of how the connectivity works," he said, adding: "But over time I think what you are going to see is sort of a unification of how these things are supposed to operate."
Even ultra-low tech is making a resurgence. A recent Wall Street Journal report says antenna sales in the U.S. are projected to rise 7 percent this year to nearly 8 million units. The article attributes the spike to millennials discovering that local broadcast TV is free for the taking.
Lee says he is a big fan of broadcast TV.
"I think it's something that whether it is millennials or you know, the rest of us, you have to realize there is free TV out there and there is a potential revitalization for that kind of content," he said.
On the Money airs on CNBC Saturday at 5:30 am ET, or check listings for air times in local markets.