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Comcast to Spin Off NBCUniversal Media, Shares Surge Over 20%
Comcast announced a tax-free spin-off of its media assets on Monday. The move separates the firm into two independent, publicly traded companies. One entity...
Google limits Meta’s Gemini access, stalling internal AI projects
Google restricted Meta Platforms' access to its Gemini AI models. The provider could not fulfill the full computing capacity Meta requested. Google notified...
Fox to Acquire Roku for $22 Billion, Ending Platform Neutrality
Fox Corporation announced a definitive agreement to acquire Roku for approximately $22 billion. The transaction values Roku at $160 per share. Fox will pay for...
SpaceX eyes US cellular network to rival AT&T and Verizon
SpaceX President Gwynne Shotwell confirmed the company is considering building a land-based cellular network in the United States. This infrastructure would...
Meta to automate 90% of content reviews by 2026, cutting costs
Meta Platforms plans to transition over 90% of human content review requests to large language models by the end of 2026. The company already handles...
Alphabet Replaces Verizon in Dow Jones, Signaling Shift to Digital Giants
S&P Dow Jones Indices will add Alphabet (GOOGL) to the Dow Jones Industrial Average (DJIA). Alphabet replaces Verizon (VZ) in the index. The change becomes...
Nokia and Google tap Gemini AI, slashing network repair times 80%
Google Cloud and Nokia expanded their partnership to integrate Gemini AI models into the Nokia Assurance Center software suite. The collaboration will develop...
🔴 Fidelity MSCI Communication Services Index ETF is trading 1.9% down today despite broader market and Nasdaq strength
Fidelity MSCI Communication Services Index ETF is trading at $69.06 (-1.90%), with the move occurring despite a broader market rally and Nasdaq strength. •...
Jio Platforms Files India’s Record $3.8B IPO, Aiming to Slash Debt
Jio Platforms filed for India's largest initial public offering to raise approximately $3.8 billion. The offering could value the Reliance Industries...
Fox to Acquire Roku for $22 Billion, Creating New Streaming Powerhouse
Fox Corporation will acquire Roku, Inc. in a cash and stock deal valued at $160.00 per share. The transaction gives the streaming platform an enterprise value...
Verizon Overhauls Consumer Mobile and Broadband Plans, Scraps Fees
Verizon announced a significant overhaul of its consumer offerings, introducing new, simplified plans and eliminating activation and upgrade fees in a bid to...
Google must overhaul search rankings, targeting AI Overviews bias
The UK’s Competition and Markets Authority (CMA) imposed legally binding conduct requirements on Google on June 17, 2026. The regulator ordered Google to use...
Fox Acquires Roku for $22 Billion, Shares Plunge 15%
Fox Corporation acquired streaming platform Roku today in a cash-and-stock deal valued at $22 billion. The merger combines Fox’s live sports and news library...
Comtech Sells Satellite Segment for $157.5M, Pivots to Public Safety Tech
Comtech Telecommunications Corp. (CMTL) signed a definitive agreement to sell its Satellite and Space Communications segment to Gilat Satellite Networks...
🟢 Fidelity MSCI Communication Services Index ETF is trading 1.75% up today on a broad risk-on rally and lower Treasury yields
Fidelity MSCI Communication Services Index ETF is trading 1.75% up today as communication services stocks benefit from a broad risk-on move in U.S. equities...
🟢 Fidelity MSCI Communication Services Index ETF is trading 1.7% up today on a broad risk-on rally and lower Treasury yields
Fidelity MSCI Communication Services Index ETF is trading 1.7% higher in pre-market as investors rotate into growth and communication services stocks alongside...
Meta Limits Open-Source AI For Muse Spark, Citing Bio-Risk
Meta Chief AI Officer Alexandr Wang confirmed the company’s open-source strategy is unsuitable for its most advanced frontier models. Meta will keep the new...
Paramount Wins DOJ Approval for $100B Warner Bros. Discovery Merger
The U.S. Department of Justice (DOJ) cleared the Paramount-Skydance acquisition of Warner Bros. Discovery. This decision removes a major regulatory hurdle for...
Meta Finalizes Manus Split, Triggering Potential $1 Billion Buyback
Meta Platforms Inc. finalized its operational separation from Manus on June 12, 2026. This move terminates all data exchange between the two entities. The...
Canada bans social media for under-16s, threatening 10% revenue fines
The Canadian government introduced Bill C-34 to ban children under 16 from social media platforms. Companies must block access unless they implement approved...