TV
Comcast, amid the upheaval in the TV biz caused by cord-cutting, is considering spinning off NBCUniversal‘s portfolio of cable networks into a new publicly traded company. Comcast president Mike Cavanagh announced the exploratory plans on the conglomerate’s Q3 2024 earnings call. NBCU’s cable networks include Oxygen True Crime, Bravo, MSNBC, CNBC, USA Network, E!, Syfy, Universal Kids […]
Microsoft’s third calendar quarter earnings were the most robust in the company’s five-decade history, though the Washington-based computing colossus indicated it may get less of a bump from the next generation of technological innovation in generative artificial intelligence moving forward. Key Facts In its earnings report released Wednesday afternoon, Microsoft reported record $3.30 earnings per […]
Inflation has slowed further and is just a hair’s breadth from the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index, which is the Fed’s preferred inflation gauge, showed prices rose 2.1% for the year ended in September, a slowdown from 2.3% in August, according to Commerce Department data released Thursday. The annual increase, which […]