"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards will honor the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
Hastings said he plans to subscribe to Disney's service, which would not only compete with Netflix but could include a lot of content that Disney says it will pull from Netflix.
"I think in particular Disney, with its strength of brand and unique content, will have some real success. I know I'll be a subscriber of it for my own personal watching. The same way as many Disney and Fox executives also subscribe to Netflix," Hastings said on a conference call with Wall Street analysts.
Disney agreed to buy Twenty-First Century Fox assets late last year, a deal that would give the combined company a significant stake in another Netflix rival, Hulu. But Hastings pointed out that Netflix is different in key ways, including the lack of advertising.
"Everyone knows the costs of competition, but the benefits are that your competitors are challenger brands, so they don't tend to follow your strategy," Hastings said. "We get to learn from that. Our view would be to let them try to innovate on those aspects and watch what they do and learn from consumers. Do they really love it? It doesn't change our strategy."
Investors are betting that Hastings is right: Shares rose more than 10 percent on Tuesday, a day after the company reported better-than-expected subscriber growth in its Q4 2017 earnings report.
"Our thing is working, and what we have to do is not get distracted," Hastings said. "Total streaming will grow faster because of the competition."