The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Netflix may have double the number of U.S. subscribers as Hulu and spend billions on programming, but Hulu CEO Randy Freer told CNBC on Tuesday he thinks it's "absolutely possible" to catch up to the streaming giant.
He pointed to 2018 as a "good view" on how that's going to happen. Hulu announced on Tuesday it added 8 million U.S. subscribers in 2018, bringing its total to 25 million.
"We added more subscribers in the U.S. than Netflix," Freer said in an interview with CNBC's Julia Boorstin.
"We expect to grow more this year than we did last year," he added.
Netflix has a total of 58 million U.S. subscribers. It added 1.09 million domestic subscribers in the third quarter of 2018, 674,000 in the second quarter and 1.96 million in the first quarter. It is expected to report its fourth-quarter earnings later this month.
"They are an awesome service and have great programming in certain areas," Freer said of Netflix. "I look at where we are now, with 85,000 episodes of on-demand television, that's twice as much as Netflix and Amazon combined."
Both Amazon and Netflix have been spending big on original content, with the latter projected to spend a reported $13 billion in 2018.
It appears to be paying off in critical acclaim. Earlier this week, Netflix scored five Golden Globe awards, more than any other network or streaming service. Amazon won two Golden Globes for its original programming.
When asked if Hulu would spend more on content to compete, Freer replied, "We already spend a lot of money on content. And I think we will continue to invest in that."
He also pointed to its vast library.
"We can continue to not only drive our library viewing, which we all know still makes up the bulk of everyone's viewing in this universe, as well as continue to increase our investment in originals, look at movies as a way to drive subscriptions, as well as other verticals like food and travel, to really begin to be the choice and be a full-service television vehicle for consumers," he said.
Hulu will be 60 percent owned by Disney, once Disney's acquisition of 21st Century Fox is completed, 30 percent by Comcast and 10 percent by AT&T, which acquired its stake through its acquisition of Warner Media.
Netflix did not immediately respond to a request for comment.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.