Tag Archives: Comcast

Financial Daily Dose 7.14.2020 | Top Story: US Deficit Hits New Monthly High in June on Covid Relief Spending

BY: Michael D. Reif | July 14, 2020

The Treasury Department announced on Monday that the U.S. budget deficit hit a new record in June–$864 billion—“as the federal government continued pumping money into the economy to prop up workers and businesses affected by the coronavirus pandemic” – NYTimes and MarketWatch That outlay won’t be shrinking any time soon, either, especially now that a … Continue reading

Financial Daily Dose 5.29.2020 | Top Story: Google Cut Costs . . . .

BY: Juvian Hernandez | May 29, 2020

Google cut costs by rescinding offers to more than 2,000 contract workers due to the strains of the pandemic – NYTimes The S&P 500 Index fell 0.6%;  the Dow Jones Industrial Average decreased 1%; the Nasdaq Composite Index decreased 0.1%; the yield on two-year Treasuries decreased one basis point to 0.16%; the yield on 10-year Treasuries … Continue reading

Financial Daily Dose 1.17.2020 | Top Story: Senate Passes USMCA by Wide Margin to Update NAFTA

BY: Michael D. Reif | January 17, 2020

While there’s plenty of other business afoot in D.C. these days, it also happens to have been a pretty big week for trade deals. A day after Phase One with China was inked, the Senate overwhelmingly approved a revised NAFTA—now officially the USMCA—which will get final executive approval next week – NYTimes and WSJ and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 24, 2018

The results are in, and Comcast has bested Fox in the quest for British satellite broadcaster Sky with a final bid of roughly $39 billion in the unusual 3-round auction overseen by the UK’s Takeover Panel. The result must be an unimaginably bitter pill for Rupert Murdoch—who’s had his eye on the Sky prize for … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 20, 2018

Comcast has withdrawn from its bidding war with Disney over 21st Century Fox’s assets, but it will continue in its pursuit of British satellite TV provider Sky PLC – NYTimes and WSJ and Bloomberg and Law360 The White House’s rather heavy-handed intervention in the Broadcom/Qualcomm takeover dispute from a few months ago was all about … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 12, 2018

Stocks didn’t love the latest on the Trade War front yesterday.  And oil wasn’t helping the cause, either – Bloomberg and NYTimes and WSJ The latest round of US-announced tariffs seems also to have brought US trade talks with China to a grinding halt – Bloomberg Comcast wasted little time in countering Rupert Murdoch’s recent … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 14, 2018

As widely expected, the Fed nudged short term interest rates up another quarter percent yesterday and reflected its belief in the strength of the US economy by promising another two rate hikes this year – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace Comcast has wasted no time in moving hard for 21st Century … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 24, 2018

Deutsche Bank—in keeping with its post-Cryan plans to shrink its US footprint—has been considering plans “in recent weeks to eliminate close to 10,000 jobs.” [It’s now looking like 7,000.] The cuts would mark a distinct reversal from DB’s plans of just last fall, when its business heads were proposing expanding overall staff to hit nearly … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 9, 2018

Vodafone will spend $23 billion in cash to snap up operations in four European countries from Liberty Global PLC, which specializes in cable operations – WSJ and MarketWatch Some early economic reaction to the White House’s decision to withdraw from the Iran nuclear deal, including oil on the rise – WSJ and Bloomberg Meanwhile, Comcast … Continue reading