Alphabet shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones Industrial Average, replacing Verizon Communications, and immediately ranking among its most influential members. • Its shares rose 3.7% to $350.24, offering one of the biggest boosts to the 30-member Dow. • The company replaced Verizon on the index, S&P Dow Jones Indices said in an announcement on June 23.
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Comcast's decision to spin off its NBCUniversal and Sky businesses marks the latest effort by a major U.S. entertainment company to separate or reshape legacy television assets as cord-cutting accelerates and streaming upends the industry. The move follows years of sweeping strategic overhauls across the sector, with companies pursuing mergers, breakups, asset sales and lowered spending to sharpen focus and compete more effectively in an increasingly digital media landscape.
The GM- and Tencent-backed firm plans to use about 60% of proceeds to fund R&D, including AI computing and data storage

<body><p>STORY: Apple accused India’s antitrust watchdog of "copy-pasting" rivals' claims in the latest escalation of their ongoing fight. </p><p>Regulatory papers reviewed by Reuters showed that Apple said the body failed to conduct its own probe after it concluded the tech giant breached competition laws.</p><p>Apple has called for the findings to be quashed. </p><p>It marks the sharpest move yet in Apple's conflict with the Competition Commission of India (CCI)...</p><p>Where Tinder-owner Match and Indian firms like Paytm are among its opponents.</p><p>In 2024, India’s watchdog published a report saying Apple engaged in "abusive conduct" on the apps platform of its iOS operating system...</p><p>And that Apple wrongly mandated the use of its payment system.</p><p>Apple has denied the allegations. </p><p>The tech giant instead branded itself a “miniscule player” in India with a sub-6% share of India's smartphone market.</p><p>And said that any forced alterations to its App Store could disrupt its integrated business model.</p><p>Similar arguments by other big companies, like Alphabet’s Google in 2023, have failed to sway the watchdog.</p><p>The CCI and its head of investigations] did not respond to Reuters queries.</p><p> Apple also did not respond to requests for comment.</p></body>
Investing.com -- Palantir Technologies Inc (NASDAQ:PLTR) is trading up 4.6% at $118.09 on Monday, extending a rebound that began Friday when the stock snapped a seven-session losing streak, after the company announced a strategic initiative with NVIDIA Corporation (NASDAQ:NVDA) to deploy open AI models inside classified and air-gapped government environments. The partnership pertains to a jointly developed intelligent engine pairing Nvidia's Blackwell Ultra GPUs and Nemotron open models with Pal
Michael Saylor’s Strategy plans to buy back stock and sell bitcoin among many moves aimed at stemming the loss of confidence in the crypto-hoarding company. Strategy said Monday it would repurchase as much as $1 billion of its preferred shares and up to $1 billion of its Class A common stock. It also said it might sell bitcoin to raise up to $1.25 billion in cash to help cover the dividend payments on its preferred stock and the interest on outstanding debt, as well as to fund its share-repurchase program and cash reserve.
Wall Street bankers are predicting a busy second half after SpaceX's $86 billion listing and Alphabet's $85 billion share sale pushed issuance past the 2021 peak
I keep hitting the buy button on Nike, and Tuesday’s earnings report has not slowed me down. It has done the opposite. Every panic headline about CFO Matthew Friend stepping down, every Reddit thread warning of soft numbers, every fresh leg lower in the share price has me adding again. This is a confession of ... Wall Street Is Terrified of Nike’s Tuesday Earnings and a Sudden CFO Shakeup—Why This Is the Ultimate Aggressive Buy on Repeat
(Updates with DOJ's response in the fifth and sixth paragraphs.) Abbott Laboratories (ABT) will n
Goldman Sachs noted gold has room to run this year as the precious metal continues to underperform the broader market.
Investors weren’t exactly sure what to do with shares of a new aerospace & defense supplier. Six banks have recently launched coverage of Applied Aerospace & Defense stock, which completed its IPO in early June. Shares have struggled since the offering, closing Friday at $20.53, just a few cents above the $20 IPO price.
According to data compiled by Bloomberg, Wall Street bankers predict a robust pipeline of IPOs and other equity offerings through the remainder of 2026.
The fight between Walmart and Amazon is no longer just about who can deliver groceries faster or offer the lowest price on household essentials. That rivalry has moved into nearly every part of retail. The two companies compete for shoppers, marketplace sellers, delivery speed, memberships, ...
Nasdaq confirmed SpaceX will enter the benchmark index on July 7, unlocking an estimated $4.3 billion in passive fund purchases
Talk about high expectations for earnings season!
Comcast’s planned breakup is sending Charter Communications’ stock soaring. The cable giant plans to spin off NBCUniversal and Sky operations, leaving Comcast to focus on broadband, wireless and cable. “The core regulatory questions [for a potential bid] become cleaner: broadband concentration, local market overlap, wireless bundling and the FCC public interest review,” research firm MKI Global Partners said in a note today.
Microsoft is headed for its worst month since December 2000.
Artificial intelligence has no shortage of obstacles. The industry is scrambling to secure enough electricity to power new data centers, enough land to build them, and enough high-bandwidth memory (HBM) to keep next-generation chips fed with data. Yet another constraint is emerging that could prove just as important: moving information between those chips fast enough ... These 7 Stocks Will Solve AI’s Most Important Bottleneck
Rocket Lab (NASDAQ:RKLB) shares gained 5% on Monday after the company announced an agreement to acquire satellite communications provider Iridium Communications (NASDAQ:IRDM) in a transaction valued at approximately US$8 billion. Trading in Iridium shares was halted pending the announcement after the stock last traded at US$43.
MediaAlpha currently trades at $12.19 per share and has shown little upside over the past six months, posting a small loss of 4.6%. The stock also fell short of the S&P 500’s 6.8% gain during that period.
NVR, Inc. is set to announce its second-quarter earnings soon, and Wall Street expects the company’s EPS to fall by double digits.
June 29 (Reuters) - Wall Street's main indexes opened higher on Monday as easing tensions in the Middle East lifted sentiment following days of hostilities between the U.S. and Iran.
(Bloomberg) -- The smallest, riskiest group of US stocks has put in a magnificent performance in the first half of the year. You never would have guessed it by looking at investor positioning.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksOil Trades Near Four-Month Low as US and Iran Halt Fresh AttacksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardPrabowo Risks Prompt Global Banks to
Apple's price hikes on a range of products due to rising memory chip costs might not fully cover its increased expenses.
Seventeen plaintiffs allege the chipmakers coordinated a shift to HBM production to artificially restrict commodity DRAM supply and drive up prices
The spinoff of NBCUniversal and Sky will separate the company’s connectivity business from its film, theme park and streaming operations.
Comcast (CMCSA) said Monday it plans to split into two publicly traded companies, separating its NBC
Alphabet joins the Dow today, replacing Verizon Communications. Its addition will give the index more AI exposure... though its methodology means it won’t be as great as you might think. We broke it down in charts.
The European Commission has issued a preliminary decision to classify Microsoft Azure as a gatekeeper under the Digital Markets Act, signaling new potential obligations for the cloud platform in the EU. Italy's antitrust regulator has opened an investigation into Microsoft 365, focusing on how Copilot and Designer are integrated, how price changes are communicated, and the handling of customer migrations to higher priced plans. Both actions highlight growing regulatory attention on...