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Lebanon's caretaker Prime Minister Najib Mikati attends a press conference in Paris, France, on October 24. “We are doing our best and are optimistic that within the next few hours or days we will have a ceasefire,” Lebanon’s caretaker Prime Minister Najib Mikati said Wednesday in an interview with Lebanese media outlet Al Jadeed. Any progress at lowering temperatures in the region will be considered a win inside the White House. CIA Director Bill Burns was in Cairo on Thursday for discussions on Gaza and Lebanon, including a meeting with Egyptian President Abdel Fattah El-Sisi. Read more about the diplomatic push.

Persons: Najib Mikati, Sarah Meyssonnier, Benjamin Netanyahu, ”, Netanyahu, Biden, –, Bill Burns, Abdel Fattah El, Amos Hochstein, Brett McGurk, Hochstein Organizations: Reuters American, CIA, White Locations: Paris, France, Gaza, Lebanon, Israel, Cairo, Iran

There are questions on whether North Korea has acquired the technology to shield warheads from the high-temperature, high-stress environment of atmospheric reentry. Many foreign analysts say North Korea also must have improved altitude control and guidance systems for missiles. They say North Korea needs an ability to place multiple warheads on a single missile to defeat its rivals’ missile defenses. All of North Korea’s known ICBM tests, including Thursday’s, have been performed on steep angles to avoid neighboring countries. North Korea’s reported troop dispatch highlights the expanding military cooperation between North Korea and Russia.

Persons: ” KCNA, Kim Jong Un, ’, Kim, “, Lee Sung Joon Organizations: North, Thursday, Korean Central News Agency, “ matchless, Observers, U.S Locations: SEOUL, South Korea, North Korea, U.S, North, Korea, Korean, Russia, Ukraine

A Montana man found slain in his tent earlier this month welcomed his alleged killer, a stranger, to his campsite and offered him a beer, the Gallatin County sheriff said Thursday. Abbey in a confession to detectives “stated, Dustin welcomed him to the campsite and offered him a beer,” Springer said. “The motives of this attack are still unknown.”DNA from a beer can found in the tent was matched by the state crime lab to Abbey, Springer said. He set up the camp on Oct. 10, a Thursday, and he planned to pick his girlfriend up from work the next night, Springer said. The girlfriend and a friend drove to the campsite on Oct. 12, a Saturday, and found Kjersem dead inside the tent, Springer said.

Persons: Daren Christopher Abbey, Dustin Kjersem, Sheriff Dan Springer, Kjersem, Springer, “, Dustin, ” Springer, Abbey Organizations: Sky, Sheriff, Abbey, Montana Department of Justice, Montana Department of Corrections Locations: Montana, Gallatin County, Butte, Big, Basin , Montana

☆ New York state officials seize Instagram-famous squirrel named Peanut from owner
▼ + stars: | 2024-11-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +4 min

Longo brought Peanut home and cared for him for eight months before trying to release the squirrel into the great outdoors. Longo determined that Peanut lacked the survival skills to live in the wild and would remain an indoor squirrel. Longo is aware that it’s against New York state law to own a wild animal without a license. “If we’re not following the rules, guide us in the right direction to follow the rules, you know?” Longo said. Longo is not the first animal owner to protest the confiscation of a pet by New York authorities.

Persons: Fred, —, Mark Longo’s, Longo, ”, “, Mark Longo's, Mark Longo, ” Longo, Instagram, Peanut, Daniela, we’re Organizations: of Environmental, of Environmental Conservation, DEC, New York City, USA Locations: York, Pennsylvania, Pine City, N.Y, New York, Norwalk , Connecticut, Buffalo

☆ Spain floods: How Valencia’s residents were trapped with no warning as waters raged
▼ + stars: | 2024-11-01 | by ( Atika Shubert | ) edition.cnn.com time to read: +5 min

Valencia, Spain CNN —Adan Ortell Mor had a 7:30 p.m. appointment to cut a client’s hair at his salon in La Torre, Valencia, on Tuesday night. A blaring alarm sent to all residents in Valencia, telling them of heavy rains and to stay at home. People try to clear mud from a house on October 31, 2024 after flash floods affected La Torre, in Valencia, eastern Spain. Spain’s AEMET weather center in Valencia warned of heavy rainfall at 7:30 a.m. on Tuesday, raising the alert level to red in some areas and warning residents to stay off the roads in case of floods. It was at 8 p.m. that cell phones finally buzzed with the public alert telling residents to stay indoors.

Persons: Spain CNN — Adan Ortell Mor, ”, Jose Jordan, Valencia, unawares, Carlos Mazon, Manzaneque, “, Manu Fernandez, Mor isn’t Organizations: Spain CNN, Valencia, CNN, La Torre Locations: Valencia, Spain, La Torre, “, Gota, La, AFP, Sedavi, Valencia city, Utiel, Adif

Trump’s campaign had received an offer to join the show, according to sources close to the former president, but ultimately decided to pass. The latest ABC News/Ipsos national poll showed Trump trailing Harris among likely female voters by 14-points – a margin that far outpaces his 6-point lead among men. These events will continue through the weekend with popular female Trump supporters, including Arkansas Gov. Trump has also relied on other White men to help reach female voters. An opportunity for HarrisAn appearance on “Call Her Daddy” might not have resolved Trump’s longstanding challenge with female voters.

Persons: Alex Cooper, “, ”, Kamala Harris, Donald Trump, ” Cooper, Trump, –, “ We’ve, ’ ”, ” Trump, Harris, Robert F, Kennedy Jr, don’t, Charlie Kirk, Kamala, Karoline Leavitt, ” Leavitt, Alex Wroblewski, Sarah Huckabee Sanders, Danica Patrick, – Trump, Mark Cuban, ABC’s, Susie Wiles, Kennedy, Roe, Wade, Ohio Sen, JD Vance, Cooper, Theo Vonn, Andrew Schulz, Mark Calaway, Logan Paul, LIV, Bryson DeChambeau, Will Compton, Taylor Lewan, Joe Rogan, Rogan’s, Rogan, hasn’t, Nikki Haley, Haley, recommitted, they’ve, ” Haley, Elizabeth Wagmeister, Ethan Cohen, Matt Holt, Molly English Organizations: CNN, Republican, White, Trump, GOP, ABC, ”, Getty, Democratic, Arkansas Gov, Fox News, Pew Research Center, Boys, YouTube, NFL, Rogan’s Austin, South Carolina Gov, Madison, New Locations: Green Bay , Wisconsin, Reno , Nevada, North Carolina, Democratic, AFP, Florida, bro, New York

☆ Higher taxes will make it harder for Britain to build 'the next Nvidia,' tech execs say
▼ + stars: | 2024-11-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

The lower capital gains tax rate was increased to 18% from 10%, while the higher rate climbed to 24% from 20%. Reeves said the increases will help bring in £2.5 billion ($3.2 billion) of additional capital to the public purses. Still, Reeves said the U.K. would still have the lowest capital gains tax rate of any European G7 economy. watch nowReeves announced that the rate of tax on carried interest, which is charged on capital gains, would rise to 32%, up from 28% currently. She nevertheless urged the government to look seriously at mandating that pension funds diversify their allocation to riskier assets like venture capital — a common ask from VCs to boost the U.K. tech sector.

Persons: Rachel Reeves, Reeves, BADR, Paul Taylor, Taylor, Haakon Overli, Dawn Capital, Overli, Anne Glover, Glover, Clarity, Steve Hare, Sage, Sean Reddington, Reddington Organizations: Labour Party Conference, ACC Liverpool Convention Center, Anadolu, Getty, LONDON, Labour, CGT, National Insurance, Unicorn Council, Nvidia, Dawn, NVIDIA, Amadeus Capital, Wealth, Norway's, Fund Global, Saudi Arabia's Public Investment Fund Locations: Liverpool, British, Britain, VCs

☆ Trump targets Washington Post, CBS with long-shot legal actions over Harris coverage, ads
▼ + stars: | 2024-11-01 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

The Washington Post office in Washington, DC, US, on Thursday, June 27, 2024. The Republican's campaign on Thursday filed a Federal Election Commission complaint accusing The Washington Post of making "Illegal Corporate In-Kind Contributions" to Harris. "There is no evidence in the allegations of any coordination between the Post and the Harris campaign," said Briffault, who specializes in campaign finance regulation and political law. A spokesperson for the newspaper told CNBC, in a statement Friday, "As part of The Washington Post's regular social media marketing strategy, promoted posts across social media platforms reflect high-performing content across all verticals and subjects." Trump has repeatedly claimed on social media and at campaign rallies that the editorial move constitutes the "biggest media scandal in broadcast history."

Persons: Donald Trump, Kamala Harris, Harris, Donald J, Richard Briffault, Briffault, Trump Organizations: Washington Post, Washington, Trump, Democratic, Columbia Law, CNBC, United, FEC, The Washington, CBS Broadcasting, CBS Locations: Washington , DC, The

☆ Chevron beats earnings expectations, returns more than $7 billion to shareholders
▼ + stars: | 2024-11-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders. The company is also targeting $2 billion to $3 billion in cost reductions from 2024 through the end of 2026. When adjusted for foreign currency impacts, the company reported earnings of $2.51 per share, solidly topping Wall Street's expectations for the quarter. Chevron booked revenue of $50.67 billion, also beating Street expectations but declining 6% from the $54.1 billion reported in the third quarter last year. The oil major returned a record $7.7 billion to shareholders in the quarter, including $4.7 billion in share buybacks and $2.9 billion in dividends.

Persons: Hess, John Hess Organizations: Chevron, LSEG, Federal Trade Commission, Exxon Mobil, Hess Corp Locations: Canada, Congo, Alaska, Guyana

☆ 8,000 of the troops Kim Jong Un sent to support Russia are about to hit the front lines, the US says
▼ + stars: | 2024-11-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

As many as 8,000 North Korean troops are being deployed to Kursk, US officials said on Thursday. "If these North Korean troops engage in combat or combat support operations against Ukraine they would make themselves legitimate military targets." "One of the reasons that Russia is turning to these North Korean troops is that it's desperate," Blinken said. Now he's turning to North Korean troops. AdvertisementSouth Korean President Yoon Suk-yeol's administration has considered sending teams to observe North Korean troops in Ukraine, which it says will not require parliamentary consent.

Persons: they're, Antony Blinken, —, Blinken, Lloyd Austin, Austin, Volodymyr Zelenskyy, Vladimir Putin's, Putin, they've, Yoon Suk Organizations: US, Service, Kyiv, Ukrainian, South, State Department, North Korea, North, Ukraine, Pentagon, Austin, Research, South Korean Legislative, Russia's Ministry of Defense, Business Locations: Kursk, Russia, Ukraine, Washington, Pyongyang, Moscow, North Korea, South Korea, Poland, Seoul

☆ A "Game of Thrones" movie is reportedly in the works. It comes after a year of box office hits and misses for Warner Bros. Discovery.
▼ + stars: | 2024-11-01 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Multiple outlets reported, citing unnamed sources, that a "Game of Thrones" movie is in the works. Warner Bros. Martin first suggested a "Game of Thrones" movie to tie up the franchise in a 2014 interview with The Hollywood Reporter. They grossed $1.8 million at the box office, according to Box Office Mojo. Warner Bros. PicturesA "Harry Potter" TV series reboot was announced last year after the box office failure of the "Fantastic Beasts" spin-off series.

Persons: —, aren't, George R.R, Martin, David Benioff, Weiss, Arya Stark, Maisie Williams, Bran Stark, Isaac Hempstead Wright, Sansa Stark, Sophie Turner, HBO Matthias Frey, Shawn Robbins, Robbins, Max, Frey, David Zaslav, Harry Potter, Denis Villeneuve's, Matt Reeves, " Frey Organizations: HBO, Warner Bros, Service, Hollywood, Discovery, Business, Wall Street, Department of Media, Creative Industries, City , University of London, Thrones, Office, Warner Bros ., HBO Warner Bros, Variety

☆ How ‘Luther: Never Too Much’ director Dawn Porter let the late singer speak for himself
▼ + stars: | 2024-11-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —While Luther Vandross died in 2005 at the age of 54, his music remains timeless. Director Dawn Porter told CNN that as beloved as Vandross was, she wanted the film to be more than just an overt love letter to him. But for Porter, an award-winning filmmaker, the one person she wanted to make sure she gave an opportunity to speak was Vandross himself. “For Luther, I just gained such a much deeper appreciation of the work that he put into making his art look effortless,” she said. “Luther: Never Too Much” hits theaters in select cities Friday and will premiere next year on CNN, OWN and Max.

Persons: Luther Vandross, “ Luther, ”, Vandross, Aretha Franklin, Burger, Dawn Porter, “, Porter, Mariah Carey, Jamie Foxx, ” Dawn Porter, Emma McIntyre, ” Porter, Luther, “ John Lewis, Bird, didn’t, Max Organizations: CNN, CNN Films, Sony Locations: Burger King, Kentucky, Santa Monica , California

☆ Coterra Energy posted a mixed quarter, but delivered beats where it matters most
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: +6 min

Coterra Energy Why we own it: Formed by the merger of Cabot Oil & Gas and Cimarex, Coterra Energy is an exploration-and-production company with a high-quality, diversified asset portfolio. It's committed to returning 50% or greater of annual free cash flow to shareholders. However, shares are moving lower Friday after management cut its discretionary cash flow outlook for the remainder of the year. So far this year, Coterra has returned 100% of its free cash flow to shareholders. As a reminder, management's stated commitment is to return 50% or more of annual free cash flow via dividends and buybacks.

Persons: —, It's, Coterra, management's, We're, Daniel Guffey, Jim Cramer's, Jim Cramer, Jim, Brandon Bell Organizations: Coterra Energy, LSEG, Coterra, Cabot Oil & Gas, EQT Corp, Devon Energy, Oil, CNBC, Getty Locations: Nolan , Texas

☆ Amazon CEO Andy Jassy says he has a secret weapon in the AI wars
▼ + stars: | 2024-11-01 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Amazon CEO Andy Jassy said AWS gives the company a leg up in the AI race. Jassy said AWS has shown that Amazon can handle the logistics for scaling AI. AdvertisementAmazon CEO Andy Jassy on Thursday explained why he thinks the company is well-positioned to excel in AI: Amazon Web Services. Jassy talked up the cloud-computing unit on Amazon's third-quarter earnings call, defending the company's aggressive investments in AI. Amazon beat Wall Street's third-quarter expectations on revenue and earnings per share, with the stock rising 6% in after-hours trading.

Persons: Andy Jassy, Jassy, —, Sundar Pichai Organizations: Service, Web Services, Amazon, Companies, AWS, Big Tech

☆ Investors load up on bonds and bitcoin ahead of the U.S. presidential election
▼ + stars: | 2024-11-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Investors have been heavily buying two very different categories of assets ahead of next week's election: bonds and bitcoin . Bank of America credit strategist Yuri Seliger highlighted a shift toward bond buying among fund investors over the past week. A look at the list of most popular ETFs on FactSet over the past week shows that the demand for bonds has been broad across categories. Funds for investment grade corporate bonds, municipal bonds, mortgage backed securities, long-term Treasury bonds and high yield bonds are all in the top 20 funds by inflows over the past week. The iShares Bitcoin Trust ETF (IBIT) has raked in more than $2 billion of inflows over the past week, according to FactSet.

Persons: Yuri Seliger, Seliger, outflows Organizations: Bank of, HG, HY, Bank of America, —, JPMorgan

☆ Lee: The data shows people are working multiple jobs, but there are fewer employed overall
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLee: The data shows people are working multiple jobs, but there are fewer employed overallMilken Institute chief economist William Lee says the U.S. job market has slowed, but that doesn't signal a recession is coming.

Persons: Lee, William Lee Organizations: Milken Institute Locations: U.S

New York Attorney General Letitia James speaks during a press conference at the Office of the Attorney General in New York on February 16, 2024. With four days until the presidential election, U.S. government officials are cautioning against reliance on artificial intelligence chatbots for voting-related information. "Study after study has shown examples of AI chatbots hallucinating information about polling locations, accessibility of voting and permissible ways to cast your vote." "We agree with the NY Attorney General that voters should consult official channels to understand where, when, and how to vote," an Anthropic spokesperson told CNBC. "For specific election and voting information, we direct users to authoritative sources as Claude is not trained frequently enough to provide real-time information about specific elections."

Persons: Letitia James, Donald Trump, Kamala Harris, James, It's, Alexandra Reeve Givens, chatbots, Claude, OpenAI, ChatGPT, it's Organizations: New, New York, Republican, Democratic, Center for Democracy & Technology, CNBC, Google, NY Locations: New York, U.S, Mistral

☆ Dozens of Goldman Sachs executives are about to get the call of a lifetime
▼ + stars: | 2024-11-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Goldman Sachs is gearing up to name a new class of partners. AdvertisementAs soon as next week, several dozen Goldman Sachs employees will receive the honor of a lifetime: being named a partner at the prestigious Wall Street bank. "Making partner at Goldman Sachs is a rigorous and competitive process," Tony Fratto, Goldman's head of communications, said in a statement. They can also help direct the bank's philanthropic spending through Goldman Sachs Gives, which the company says has granted $2.5 billion to more than 10,000 nonprofits. Are you a Goldman Sachs insider?

Persons: Goldman Sachs, —, Goldman, David Solomon, Paul Argenti, Morgan Stanley, Tony Fratto, you've, I've, gravitas Goldman, Argenti, they've, Solomon, dealmaking, Goldman's, Russell Horwitz, Reed Alexander Organizations: Service, CNBC, Dartmouth College, Citigroup, Bank of America, Partners, Goldman, Financial, Reading, Investment, BI Locations: New York, London

“She has been pretty resistant to having those conversations,” said one senior Democrat familiar with the pre-election discussions with the vice president. While Harris’ transition team has been operating out of government-provided offices in Washington, Trump’s transition team is working from Manhattan and the Willard Hotel in Washington. A Harris victory would trigger the first same-party transition since 1989, when President Ronald Reagan handed off the presidency to his vice president, George H.W. Yet the extent to which Harris would retain members of the Biden administration is largely unknown. While Harris has maintained relationships with individual Cabinet and administration officials, some believe she will prefer to start anew with her own team.

Persons: CNN — Kamala Harris, Donald Trump, Harris, ”, “, I’ve, he’s, Joe Biden, Biden, Harris –, Harris ’, Ronald Reagan, George H.W, George H.W . Bush, “ They’re, Yohannes Abraham, Josh Hsu, Dana Remus Organizations: CNN, Harris Cabinet, Trump, White, Democratic, GOP, West Wing, White House, Biden, Republican, Association of Southeast Asian Nations Locations: Washington, Manhattan, Washington ., California, George H.W .

☆ Amazon shares jump 7%, approach record after earnings beat
▼ + stars: | 2024-11-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon shares jumped 7% on Friday and neared an all-time high after the company reported better-than-expected earnings, driven by growth in its cloud computing and advertising businesses. Revenue increased 11% in the quarter to $158.9 billion, topping the $157.2 billion estimate of analysts surveyed by LSEG. Sales in the Amazon Web Services cloud business increased 19% to $27.4 billion, coming in just shy of analysts' estimates, according to StreetAccount. That was an acceleration from 12% a year ago, but trailed growth at rivals Microsoft and Google , where cloud revenue increased 33% and 35%, respectively. The midpoint of that range, $185 billion, fell short of the average analyst estimate of $186.2 billion, according to LSEG.

Persons: Roth MKM, Brian Olsavsky, Andy Jassy, Jassy, we're, — CNBC's Ari Levy Organizations: Amazon, Revenue, LSEG, Services, Microsoft, Google, Nvidia, Meta

☆ Federal Reserve rate cuts could prove to be a boon for Southeast Asian economies
▼ + stars: | 2024-11-01 | by ( Shafi Musaddique | Kevin Lim | ) www.cnbc.com time to read: +1 min

The U.S. Federal Reserve's decision to cut interest rates in September, with further reductions expected, could prove to be a boon for the emerging economies of Southeast Asia. David Sumual, chief economist of Bank Central Asia, said Indonesia is one such country that could take advantage of both short-term and long-term Fed policy. Higher rates in the U.S. have traditionally been a negative for emerging markets as U.S. investors typically send their dollars home in search of decent yields. But on the flipside, when U.S. rates ease, it can boost emerging markets who see renewed flows into their economies. Global commodities (a cornerstone of many emerging markets) also tend to rise in price as the U.S. dollar drops on a more dovish outlook by the Federal Reserve.

Persons: Saurabh Agarwal, Warburg Pincus, CNBC's, David Sumual Organizations: U.S, Federal, Warburg, Bank Central, CNBC, Federal Reserve Locations: Southeast Asia, Asia, Bank Central Asia, Indonesia, U.S

☆ Satellite images show Russia weirdly emptied its warships out of a Black Sea Fleet base only to put them back later
▼ + stars: | 2024-11-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

The weird behavior follows devastating Ukrainian attacks on the Black Sea Fleet. The puzzling behavior has not yet been attributed to anything in particular, but it comes against the backdrop of a Ukrainian long-range strike campaign against the Russian Black Sea Fleet. The Black Sea Fleet was long headquartered at Sevastopol, in the southwestern corner of the occupied Crimean peninsula. Related Video Ukraine's sea drones vs. Russia's Black Sea FleetRussian warships during a naval celebration in Novorossiysk in July 2022. Ukraine's Sea Baby drones have been a weapon of choice during the Black Sea campaign.

Persons: —, BlackSky, BlackSky Brady Africk, Africk, That's Organizations: Black, Service, Business, Fleet, Ukrainian, Sea Fleet, AP, US, American Enterprise Institute, Security Service, Kyiv, Russian Locations: Russian, Russia, Novorossiysk, Sevastopol, Crimean, Feodosia, Crimea, Ukraine, Kyiv, we've, Moscow

☆ Former American Airlines CEO on support for Kamala Harris: This has everything to do with leadership
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer American Airlines CEO on support for Kamala Harris: This has everything to do with leadershipDoug Parker, former American Airlines chairman and CEO, and Jeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, join 'Squawk Box' to discuss the state of the 2024 election, corporate America's support for Vice President Kamala Harris, and more.

Persons: Kamala Harris, Doug Parker, Jeff Sonnenfeld Organizations: Former American Airlines, American Airlines, Yale School of Management

☆ JetBlue founder says struggling airlines need to ditch barebones planes and give flyers more choices
▼ + stars: | 2024-11-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Budget airlines like Spirit, Frontier, and Southwest are struggling to turn a profit. The still-in-service airlines Neeleman founded, like JetBlue Airways, Azul Brazilian Airlines, Canada's WestJet, and Breeze Airways, largely follow this idea. Historically, these strategies have been absent from the likes of Spirit, Frontier, and Southwest, which have stuck to all-economy aircraft with little choice. Southwest Airlines boats an open-seating policy where seats are first-co,me first-serve. Low-cost airlines should continue to ditch barebones planesSouthwest shouldn't be the only one to move away from historical norms.

Persons: David Neeleman, —, David Neeleman —, Thomas Pallini, haven't, Neeleman, that's, Barry Biffle, They're, we've, WestJet, Scott Kirby, doesn't, Kevin Carter, Breeze Organizations: Service, JetBlue —, Breeze Airways, Alaska Airlines, Hawaiian Airlines, Street, Frontier, Neeleman, JetBlue Airways, Azul Brazilian Airlines, JetBlue, Southwest Airlines, Morris Air, Spirit, Airbus Locations: Southwest, Frontier, Breeze

☆ Why Wall Street is skeptical about Comcast's proposal to ditch its cable networks and pair Peacock with a competitor
▼ + stars: | 2024-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Comcast's Mike Cavanagh said the company will explore ditching its cable networks. AdvertisementComcast said this week it might separate from its cable networks and marry off its streaming service. Mike Cavanagh, Comcast's president, floated the idea Thursday of spinning out cable networks like CNBC and MSNBC into a new firm while holding on to NBC. Several industry analysts said that Comcast could increase its valuation by divorcing itself from its declining cable networks, as it would help emphasize its burgeoning streaming business. "The cable networks likely have little value on their own.

Persons: Comcast's Mike Cavanagh, Peacock, —, Mike Cavanagh, Cavanagh, Jessica Reif Ehrlich, isn't, John Hodulik, Craig Moffett, Moffett, Insider's Peter Kafka, Michael Hodel, Tim Nollen, Rich Greenfield, Greenfield, it's, David Zaslav, WBD, NBCU, Brandon Katz, Max, Katz Organizations: Wall Street, Service, Comcast, CNBC, MSNBC, NBC, Disney, ABC, Bank of America, Warner Bros, UBS, Morningstar, Lightshed Partners, Starz, WBD's, NBA, Paramount, Max Locations: MoffettNathanson, USA

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