Netflix plans to charge users extra for sharing their passwords - March 17, 2022

Stock futures fell Thursday after days of sharp gains following the Federal Reserve’s interest rate increase as investors returned their focus back to the Ukraine war. Talk of compromise from both Moscow and Kyiv boosted morale across the globe on Wednesday, leaving investors hopeful, but the Organization for Economic Cooperation and Development estimates the Ukraine crisis could knock more than a percentage point off global growth and add upwards of two percentage points to inflation this year. Weekly jobless claims totaled 214,000 for the week ending March 12. President Joe Biden signed a law requiring key businesses to report when they had faced a cyberattack to the government aimed at protecting critical infrastructure in the U.S. The move comes amid a rush to prevent cyberattacks from foreign criminals and hacking groups as U.S. officials remain concerned about the impact of the war in Ukraine. According to new research, the number of cyberattacks being waged by both countries is “staggering.” Retailers are facing price resistance as inflation remains staggeringly high, with roughly 43% of consumers saying if prices continue to increase, they will delay purchases of less importance to stick to a budget. Macy’s tried to raise prices on some of its household items by upwards of $100 but shoppers pushed back. Discount retailers including Burlington and Ross say supply-chain constraints have left their shoppers with ample merchandise as full-price competitors cope with backlogs at U.S. ports. After years of turning a blind eye to password sharing, Netflix announced it will begin testing ways that inhibit users from sharing accounts outside of their household, making users pay for any additional members. Netflix plans to test the new option in Costa Rica, Chile and Peru over the coming weeks before introducing it globally. Netflix recently raised the price of its monthly subscriptions in the U.S., following the suit of streaming services like Amazon Prime which were once an affordable alternative to cable. Ma