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☆ This is the best stock to play an SEC turning pro-crypto, according to Bernstein
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump's second term could spell big gains for Robinhood , according to Bernstein. Analyst Gautam Chhugani, who has an outperform rating on the stock, increased his price target by $21 to $51 and named it his top "crypto deregulation" trade. "But under a potentially new pro-crypto SEC, this looks set to change, and we expect HOOD to be the biggest beneficiary of crypto regulatory tailwinds." Among the 17 analysts covering Robinhood, nine have a strong buy or buy rating, according to LSEG data. On the other hand, seven have taken a neutral stance with a hold rating and one has an underperform rating.

Persons: Donald Trump's, Bernstein, Gautam Chhugani, skyrockets, Chhugani, Gary Gensler, HOOD, –, Oppenheimer, Teresa Goody Guillén –, BakerHostetler, Trump, Owen Lau Organizations: Robinhood, Securities and Exchange Commission, Trump, SEC Locations: HOOD

☆ 3 urgent tasks awaiting Trump’s pick for Treasury secretary
▼ + stars: | 2024-11-20 | by ( Tami Luhby | Matt Egan | ) edition.cnn.com time to read: +7 min

His Cabinet picks, including the Treasury secretary, traditionally have to be confirmed by the Senate. “The Treasury secretary has historically played a significant role in advancing the administration’s tax policy priorities,” Akabas said. Next year, Trump’s Treasury secretary will act as the quarterback, executing his economic gameplan. It will also fall to Trump’s Treasury secretary to put out fires in financial markets or in the real economy like the regional bank failures that rocked Wall Street and Washington early last year. Trump’s Treasury pick will also help manage the complicated relationship between the president and Federal Reserve Chairman Jerome Powell.

Persons: Donald Trump’s, Trump, “, ”, Ed Mills, Raymond James, Janet Yellen, Shai Akabas, Steven Mnuchin, ” Akabas, Isaac Boltansky, Jerome Powell, Powell, Mills Organizations: CNN, Quarterbacking, Treasury Department, Department, Treasury, Trump, Senate, Republicans, Capitol, Wall, Washington, Committee, Federal, Fed, Trump White House Locations: Washington, filers

Plus, not all of his Fox News picks are for Cabinet roles. A TV doc to oversee health insurance for 160 million-plus AmericansDr. Mehmet Oz outside of a polling location during the primary election in Rockledge, Pennsylvania, on May 17. In between failed bids for the Republican presidential nomination in 2008 and 2016, Huckabee hosted a show on Fox News. Homan was actually the first of Trump’s picks to be announced from the Fox News orbit. An anti-mainstream conspiracy theorist and author to oversee health policyRobert F. Kennedy Jr. in New York in May.

Persons: Joe Biden, Donald Trump, Trump’s, Trump, Dan Bongino, Read, Hegseth, John Lamparski, Pete Hegseth, Tulsi Gabbard, Mehmet Oz, Hannah Beier, Oprah, Mike Huckabee, Chip Somodevilla, Sarah Huckabee Sanders, Huckabee, he’s, there’s, Sean Duffy, Mary F, Reuters Long, MTV’s, ”, Duffy, Rachel Campos, she’s, “, Justin Sullivan, Robert F, Kennedy Jr, Elon, Gabbard, Hillary Clinton, ’ Tom Homan, Kamil Krzaczynski, Tom Homan, ” Homan won’t, Homan, Brian Stelter, Anthony Scaramucci, Richard Grenell, Heather Nauert, Morgan Ortagus, Bill Shine, Lev Radin, Kennedy, There’s, Dr, Anthony Fauci, Bill Gates, Peter Bergen, Linda McMahon, Jeenah, McMahon, Vince McMahon Organizations: CNN, ”, Black Americans, Fox News, Service, Fox News Channel Studios, Army National Guard, Joint Chiefs of Staff, Army, Medicare, Services, Holy Land Former Arkansas Gov, Republican, Trinity Broadcasting Network, Calvert, Reuters, Boston, Trump, “ Fox, Friends, Hegseth, Fox Business, Fox, Democratic Party, Democratic, Elon Musk’s, Convention, Getty, Customs, Human Services, New York Times, Republican National Convention, Trump’s, Business Administration, WWE Locations: America, Washington, New York, New York City, Iraq, Rockledge , Pennsylvania, Pennsylvania, Drexel Hill , Pennsylvania, Arkansas, Jerusalem, Israel, Rayburn, Washington , DC, Wisconsin, Russia, Las Vegas, Syria, Milwaukee, AFP

☆ Palo Alto Networks beat and raise fails to wow Wall Street. But that plays into our hand
▼ + stars: | 2024-11-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Don't sweat the drop in Palo Alto Networks stock, which came despite a solid beat and raise after Wednesday's closing bell. Bottom line Palo Alto Networks is off to a strong start to its fiscal year 2025. Palo Alto Networks passed through the fiscal first-quarter earnings beat into its full-year fiscal 2025 outlook. NGS ARR includes revenue for Palo Alto Network's Prisma, Cortex, QRadar, and certain cloud-delivered security services. Nikesh Arora, Chairman and CEO of Palo Alto Networks, speaking at the TEC Summit on October 29, 2019 in New York City.

Persons: Platformization, We're, Palo, Nikesh Arora, Arora, Jim Cramer, SASE, billings, Jim Cramer's, Jim, Astrid Stawiarz Organizations: Palo Alto Networks, Palo, LSEG, Palo Alto, Alto Networks, Cisco Systems, cybersecurity, Street, Management, CNBC, TEC Summit Locations: Palo, platformization, Palo Alto, New York City

☆ Comcast's cable spinoff is 'actually a good idea', says former NBC cable president
▼ + stars: | 2024-11-20 | 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 EmailComcast's cable spinoff is 'actually a good idea', says former NBC cable presidentTom Rogers, Oorbit Gaming executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Rogers' thoughts on Comcast's decision to spinoff cable channels, how Comcast was able to pull this off first, and much more.

Persons: Tom Rogers, Rogers Organizations: NBC, Oorbit Gaming, NBC Cable, Comcast

☆ Stained-glass Tiffany window sells for record $12.48 million at auction
▼ + stars: | 2024-11-20 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —A stained-glass Tiffany window originally designed for an Ohio church has sold for $12.48 million at auction. This is the first time the window has come to auction in 24 years and the sale sets a new auction record for Tiffany Studios. It sold for $2 million back in 2000, which was a world record for a Tiffany window at that time. That was the “thematic precursor” for the Danner Memorial Window 10 years later, Sotheby’s said in a press statement. The museum acquired Garden Landscape, designed in 1912, a three-part window designed by Northrop, last year.

Persons: Danner, Louis Comfort Tiffany –, Tiffany, Charles Lewis Tiffany –, Agnes Northrop, Northrop, Sotheby’s, John, Terressa Danner, Alan Gerry, Jodi Pollack, Louis Comfort Tiffany, Agnes Northrop’s Organizations: CNN, Tiffany Studios, Reformed, Baptist Church, Metropolitan Museum of Art, Northrop Locations: Ohio, York, Sotheby’s, Reformed Church, Flushing, New York, Canton , Ohio

☆ Watch CNBC's full interview with Goldman Sachs chairman & CEO David Solomon
▼ + stars: | 2024-11-20 | 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 EmailWatch CNBC's full interview with Goldman Sachs chairman & CEO David SolomonDavid Solomon, Goldman Sachs chairman and CEO, sits down with CNBC's Leslie Picker to discuss whether deregulation promises made by president Donald Trump will come to fruition, expectations for markets in the new administration, and more.

Persons: Goldman Sachs, David Solomon David Solomon, CNBC's Leslie Picker, Donald Trump

☆ Corporate insiders are selling shares at a record pace in the fourth quarter
▼ + stars: | 2024-11-20 | by ( Nick Wells | ) www.cnbc.com time to read: +4 min

Corporate insiders are taking advantage of the stock market's postelection boom to all-time highs, unloading shares at record levels. The data includes trades made under preplanned 10b5-1 trading plans. Plus, many 10b5-1 trading plans are price-triggered meaning that executives select levels at which to sell shares. Executives at private education firm Grand Canyon Education have sold an aggregate $2.3 million worth of shares in the fourth quarter, per Verity. Nucor CEO Leon Topalian sold $1.9 million in shares the day following the election at an average price of $169.11.

Persons: preplanned, Ben Silverman, Silverman, Verity, Brian Mueller, Reid Hoffman's, Donald Trump's, Tump, Alexander Karp, Daniel D'Aniello, Carlyle, Tesla, Kathleen Wilson, Thompson, Robyn Denholm, Phillip Juhan, Eric Swider, Leon Topalian, Holden Lewis, Daniel Florness, —, Jesse Pound Organizations: Education, Canyon Education, Partners, Aurora, Big, Carlyle Group, Trump Media, Securities, Exchange

☆ CNBC anchors and insiders worry about their futures as Comcast looks to unload the network
▼ + stars: | 2024-11-20 | by ( Lucia Moses | Madeline Berg | ) www.businessinsider.com time to read: +4 min

AdvertisementCNBC anchors projected an air of mild panic about the news that Comcast would spin off the network. The media conglomerate announced it would create a new entity for most of its cable networks. CNBC anchors turned their signature irreverent style on themselves on Wednesday, as their parent Comcast became a headline in announcing plans to spin off the business news network along with many other cable assets. Analysts — including those featured on CNBC — did not hold back on Wednesday about what the spinoff means for the cable network. AdvertisementOne question for CNBC folks is whether they will maintain the prestige and workplace benefits that came with being part of Comcast.

Persons: We're, Joe Kernan, David Faber, Kernan, Mark Lazarus, Faber, CNBC —, Rich Greenfield, Rich, Becky Quick, Julia Boorstin, NBCU, Elon, Trump Organizations: CNBC, Comcast, Real Housewives, NBC, LightShed Partners, Warner Bros, Discovery, Paramount, Starz, Business Locations: NBCU, London

☆ Goldman Sachs CEO: The market is signaling belief that new government will pare back regulation
▼ + stars: | 2024-11-20 | 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 EmailGoldman Sachs CEO: The market is signaling belief that new government will pare back regulationDavid Solomon, Goldman Sachs chairman and CEO, sits down with CNBC's Leslie Picker to discuss whether deregulation promises made by president-elect Donald Trump will come to fruition, expectations for markets in the new administration, and more.

Persons: Goldman Sachs, pare, David Solomon, CNBC's Leslie Picker, Donald Trump

☆ Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy's playbook
▼ + stars: | 2024-11-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The board of Acurx Pharmaceuticals approved Wednesday the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset. "This new treasury strategy is a finance strategy and has no impact on our overarching drug development plans." On an X spaces event Tuesday evening, MicroStrategy Chairman and bitcoin evangelist Michael Saylor said he plans to pitch the board of Microsoft in December on his bitcoin treasury strategy. The theme has broadened to the government level this year, with Sen. Cynthia Lummis proposing a national strategic bitcoin reserve this summer. President-elect Trump similarly made mention of a potential national bitcoin stockpile in the same week.

Persons: David P, Luci, MicroStrategy, Donald Trump's, Michael Saylor, Sen, Cynthia Lummis, Trump Organizations: Acurx Pharmaceuticals, Semler, Microsoft Locations: bitcoin

☆ Watch CNBC's full interview with former NBC Cable president Tom Rogers
▼ + stars: | 2024-11-20 | 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 EmailWatch CNBC's full interview with former NBC Cable president Tom RogersTom Rogers, Oorbit Gaming executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Rogers' thoughts on Comcast's decision to spinoff cable channels, how Comcast was able to pull this off first, and much more.

Persons: Tom Rogers Tom Rogers, Rogers Organizations: NBC Cable, Oorbit Gaming, Comcast

☆ Comcast is getting rid of most of its cable channels
▼ + stars: | 2024-11-20 | by ( Kelsey Vlamis | Lucia Moses | ) www.businessinsider.com time to read: +2 min

AdvertisementComcast plans to spin off some NBCUniversal cable channels. Comcast said it was exploring spinning off its cable networks late last month, with BI's Peter Kafka writing that the move served as yet another signal of cable TV's decline. Analysts said Comcast could increase its valuation by selling its cable networks, though they were unsure if it would actually work out, BI previously reported. Disney CEO Bob Iger in the past floated the idea of selling Disney's TV and cable channels. NBCU's various TV channels are tightly integrated, sharing back office functions and talent that would have to be untangled, for one.

Persons: Peacock, Mark Lazarus, BI's Peter Kafka, Mike Cavanagh, Michael Hodel, Morningstar, Bob Iger Organizations: Comcast, MSNBC, CNBC, NBC, Bravo, Syfy, Golf, Wall Street, Business Insider, Analysts, Disney Locations: USA

☆ Indian billionaire Gautam Adani indicted on bribery charges in alleged bribery scheme
▼ + stars: | 2024-11-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

AdvertisementIndian billionaire Gautam Adani has been charged in a massive bribery scheme. Adani and his executives convinced US investors to buy bonds on false promises, prosecutors allege. Prosecutors brought bribery charges against billionaire Gautam Adani, one of the richest people in India, alleging the business magnate and seven of his senior executives paid hundreds of millions of dollars in bribes to the Indian government and hid them from US investors. Gautam Adani, the founder and chairman of Indian conglomerate Adani Group, is estimated to be worth more than $85 billion, according to Bloomberg. Adani and his executives convinced US investors to buy bonds in one of the companies using false promises, prosecutors allege.

Persons: Gautam Adani, Adani, Sagar, Gautam, Sagar Adani, Sanjay Wadhwa Organizations: New, SEC, Adani, Bloomberg Locations: India, New York, SEC's

Leppard said his clients only spoke to the Ethics Committee after receiving a subpoena and would only testify in public "with a valid legal subpoena that requires them to speak." But he said he would prefer to get that information either through the House Ethics Committee report or from the Justice Department. But, he added, that getting a copy of the House Ethics Committee report would be “the right starting point, politically balanced and complete. Wild and other Democrats on the House Ethics Committee want the report released to the public — or at least sent to Senate Judiciary members for their review. “I have not dictated anything to the Ethics Committee.

Persons: WASHINGTON —, Matt Gaetz, Gaetz, Joel Leppard, Leppard, Donald Trump, rouser, haven’t, Trump, Mckenzie Lange, Dick Durbin, he’s, ” Durbin, Michael Guest, Susan Wild, Mike Johnson, “, I’ve, ” Johnson, “ I’m, ” Leppard, Sen, Richard Blumenthal, victimize, ” “, ” Blumenthal, JD Vance, Kevin Cramer, Cramer Organizations: NBC News, USA Today Network Senate, Justice Department, NBC, Trump, Judiciary, Committee, Senate Locations: Orlando, America, Richard Blumenthal of Connecticut

☆ Biden fades into the background at his final international summits: From the Politics Desk
▼ + stars: | 2024-11-19 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

In today’s edition, White House correspondent Mike Memoli files a dispatch from Rio de Janeiro on President Joe Biden's final international summit. Biden fades into the background at his final international summitsBy Mike MemoliRIO DE JANEIRO — President Joe Biden’s final international summits almost certainly would have played out differently had the elections back home gone as he had hoped. But President-elect Donald Trump cast a long shadow over a seemingly humbled Biden as he bid farewell to his counterparts here. Read more → 🥊 Democrats’ next fight: Minnesota Democratic Party Chairman Ken Martin became the second candidate to jump into the race to lead the Democratic National Committee. Read more →Minnesota Democratic Party Chairman Ken Martin became the second candidate to jump into the race to lead the Democratic National Committee.

Persons: Mike Memoli, Joe Biden's, Steve Kornacki, Biden, Joe Biden’s, Donald Trump, “, Trump, ”, Xi Jinping, Justin Trudeau, ” Trudeau, ” Biden, Joe Biden, Hillary Clinton, Clinton, It’s, Barack Obama, Dasha Burns, Dane, Kamala Harris, Steve, ️, edu, tim e Organizations: NBC, White House, Capitol, White, APEC, Canadian, Trump, “, NBC News, Democratic, Republican, Hialeah, voters, Gwinnett, Biden, Trump’s, ics Locations: Rio de Janeiro, JANEIRO, Brazil, Peru, China, Japan, South Korea, America, Lima, Rome, ”, Maricopa County , Arizona, Maricopa County, Maricopa, Phoenix, Maryvale, Miami, Dade County , Florida, Cuban, Venezuelan, Doral, Aventura, Gwinnett County , Georgia, The Atlanta, Atlanta, Norcross, Kent County , Michigan, Michigan, Trump, Washoe County , Nevada, Washoe County, Clark County, Erie County , Pennsylvania, Erie, Dane County , Wisconsin, Poli

The Cantor Fitzgerald CEO has led and been the public face of Trump’s transition. As co-chair of Trump's transition, Lutnick has been an outspoken advocate for Trump’s agenda, including explaining how he plans to use tariffs once in office. Lutnick is the CEO and chairman of financial services titan Cantor Fitzgerald. Adam Gray / Bloomberg via Getty Images fileLutnick has been at Cantor Fitzgerald since the early 1980s when he graduated from Haverford College in Pennsylvania with an economics degree. Lutnick was working at Cantor Fitzgerald when terrorists targeted New York’s World Trade Center towers on Sept. 11, the firm's headquarters.

Persons: Donald Trump, Howard Lutnick, Cantor Fitzgerald, Lutnick, Adam Gray, Trump, Lutnick's, Elon Musk, evincing Organizations: WASHINGTON, Commerce Department, The Commerce Department, Bloomberg, Getty, Haverford College, New, Trade, Punchbowl News, Trump, Treasury, Elon, ‘ Department, Government Locations: United States, New York, Pennsylvania

WASHINGTON — The administrator of the Federal Emergency Management Agency, Deanne Criswell, is set to face questions from House lawmakers on Tuesday about the federal government's response to Hurricanes Helene and Milton that caused catastrophic damage in the Southeast. “And FEMA leadership didn’t take action against this supervisor until the press exposed this discrimination," his remarks say. Florida Attorney General Ashley Moody filed a lawsuit against Criswell and Washington last week over the incident. More than 220 people died from Hurricane Helene in late September, which hit Florida, Georgia, Tennessee, Virginia, North Carolina and South Carolina. At least 17 people died during Hurricane Milton, which hit Florida hard in early October.

Persons: WASHINGTON, Deanne, Hurricanes Helene, Milton, Criswell, James Comer, Comer, Ashley Moody, Donald Trump's, Trump, Biden, Hurricane Helene Organizations: Federal Emergency Management Agency, Hurricanes, Transportation, House Republicans, FEMA, Trump, Fox News, House Homeland Security Committee, Criswell, Hurricane Milton Locations: Florida, Marn’i Washington, United States, Ky, Highlands County , Florida, Washington, Hurricane, Georgia , Tennessee, Virginia, North Carolina, South Carolina

☆ Trump expected to nominate Howard Lutnick for Commerce secretary: reports
▼ + stars: | 2024-11-19 | by ( Geoff Weiss | John L. Dorman | ) www.businessinsider.com time to read: +1 min

AdvertisementTrump is expected to nominate Howard Lutnick for Commerce secretary, according to the WSJ and CNN. Lutnick had previously been viewed as a frontrunner for the position of Treasury secretary. President-elect Donald Trump is expected to tap billionaire finance executive Howard Lutnick as his next Commerce secretary, according to the Wall Street Journal, CNN, and Axios. Commerce secretary will be a pivotal role in the Trump administration, given economic concerns played a key role in fueling Trump's victory. He's known Trump for decades, and has hosted fundraisers for the president-elect and appeared on TV as a surrogate.

Persons: Howard Lutnick, It's, Lutnick, Donald Trump, Linda McMahon, Trump, Cantor Fitzgerald, Elon Musk's Organizations: Trump, Commerce, WSJ, CNN, Wall Street Journal, WWE, World Trade Locations: New York, Commerce

☆ Watch CNBC's full interview with the former Google CEO Eric Schmidt
▼ + stars: | 2024-11-19 | 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 EmailWatch CNBC's full interview with the former Google CEO Eric SchmidtEric Schmidt, former Google chairman and CEO, joins 'Squawk Box' to discuss Schmidt's most recent book, if Google needs to divest part of its business, and if the whole antitrust game will change under Trump.

Persons: Eric Schmidt Eric Schmidt Organizations: Google, Trump

Comcast is moving forward with the spinoff of its cable network channels, a person familiar with the matter told CNBC's Julia Boorstin on Tuesday. The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the person said. The company had announced during its quarterly earnings in October it was considering a split of the cable networks. Other networks apart of the spinoff include E!, Syfy, Golf Channel, USA and Oxygen, a person close to the matter said. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

Persons: CNBC's Julia Boorstin, Bravo, Mark Lazarus Organizations: Comcast, Wall Street, Syfy, Golf, Oxygen, MSNBC, CNBC, NBC News Locations: USA, Comcast's

☆ Former Google CEO on the company's antitrust battle with the DOJ
▼ + stars: | 2024-11-19 | 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 Google CEO on the company's antitrust battle with the DOJEric Schmidt, former Google chairman and CEO, joins 'Squawk Box' to discuss Schmidt's most recent book, if Google needs to divest part of its business, and if the whole antitrust game will change under Trump.

Persons: DOJ Eric Schmidt Organizations: DOJ, Trump

☆ China's top financial officials set to speak at Hong Kong summit
▼ + stars: | 2024-11-19 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

GUANGZHOU, CHINA - APRIL 6: Chinese Vice Premier He Lifeng prepares for a meeting with U.S. Treasury Secretary Janet Yellen on April 6, 2024 in Guangzhou, China. Chinese Vice Premier He Lifeng and several other top financial policymakers are scheduled to speak Tuesday at a global financiers summit in Hong Kong. Hosted annually by the Hong Kong Monetary Authority, the third Global Financial Leaders Investment Summit will hold its main events throughout the day, after hosting guests at a welcome dinner on Monday evening. He, who oversees a top-level economic and financial policy-making body, would be delivering an opening keynote speech at the summit, according to South China Morning Post. Li Yunze, minister of China's National Financial Regulatory Administration, along with with Wu Qing, Chairman of China Securities Regulatory Commission and Zhu Hexin, deputy governor of People's Bank of China, are scheduled to discuss mainland China's financial developments in a panel, according to HKMA's agenda of the summit.

Persons: Lifeng, Janet Yellen, Li Yunze, Wu Qing, Zhu Hexin, Daniel Pinto, Morgan Stanley, Ted Pick, Jane Fraser, Goldman Sachs, David Solomon Organizations: U.S, Treasury, Hong Kong Monetary Authority, Global Financial, Investment, China Morning, Financial Regulatory Administration, China Securities Regulatory Commission, People's Bank of China, JPMorgan Chase, Citigroup Locations: GUANGZHOU, CHINA, Guangzhou, China, Hong Kong, Beijing

☆ Comcast to spin off its cable channels, including MSNBC and CNBC, into separate company
▼ + stars: | 2024-11-19 | by ( Brian Stelter | ) edition.cnn.com time to read: +2 min

New York CNN —Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan. The spinoff is expected to be formally announced on Wednesday. The Wall Street Journal, which first reported the impending announcement on Tuesday evening, said the involved channels also include USA, Oxygen, E!, Syfy and Golf Channel. While observers may view the spinoff as an attempt to shed cable channels that are losing value in the streaming age, the channels still contribute strong profits to Comcast’s bottom line. Wall Street analysts are predicting further consolidation of major media companies in the years ahead.

Persons: Mark Lazarus, Mike Cavanaugh, Craig Moffett, MoffettNathanson, ” Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Street, Syfy, Golf, Bravo, NBC, NBC Sports, NBCUniversal Media, Wall Street, NBCUniversal News Locations: New York, USA

☆ Investors and CEOs will wait for clarity from new admin to commit capital, says Peter Kraus
▼ + stars: | 2024-11-19 | 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 EmailInvestors and CEOs will wait for clarity from new admin to commit capital, says Peter KrausPeter Kraus, Aperture Investors chairman and CEO, joins 'Squawk Box' to discuss hurdles to market growth, what to expect from the Federal Reserve going forward, and much more.

Persons: Peter Kraus Peter Kraus Organizations: Investors, Aperture, Federal Reserve

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