Rob Black’s Winners and Losers: Amazon is going to war with Netflix

SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon to talk about how Amazon is going to war with Netflix.

The IRS expects millions of tax returns to be filed each day as the tax deadline approaches, with more than 5 million returns possible on Monday. More than 150 million tax returns are expected to be filed in 2016. As of April 8, almost 82 million refunds have been issued, the IRS said. The average refund amount was $2,798.

Citigroup downgraded its outlook for the U.S. economy for 2016-2017, saying “the risks are very evident. Recently revised and incoming data imply GDP will grow by 0.9 percent in (the first quarter) and 1.7 percent for the year. The downgrade reflected “increased evidence of the dampening effects from looming uncertainty,” most notably theFederal Reserve’s decision to slow plans for interest rate normalization to two increases this year.

Amazon has been heavily investing in its digital-content business in recent years. But until now, it has only ever been available as part of Amazon Prime, Amazon’s subscription service that also includes free one-day delivery. Its price also undercuts Netflix by a dollar — Amazon Video will cost $8.99 a month, versus $9.99 for Netflix. Another change: Customers can also subscribe to the full Amazon Prime service on a monthly basis. It costs $10.99 a month, or $99 a year in the US.

Rob Black answers Kelli’s question: What are my age benchmarks for having enough for retirement?

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