Comcast unveils five-year internet price lock to stem broadband losses

(Reuters) – Comcast unveiled a five-year price lock for its Xfinity Internet service on Tuesday, aiming to stem subscriber losses and bolster its broadband business as competition in the sector intensifies. WHY IT’S IMPORTANT Comcast has been losing broadband subscribers to wireless giants such as AT&T, T-Mobile and Verizon, which offer plans, bundling internet with…

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Meta’s Zuckerberg eyed Instagram spinoff amid antitrust scrutiny, document shows

By Jody Godoy and Katie Paul WASHINGTON (Reuters) -Meta CEO Mark Zuckerberg considered spinning off popular photo-sharing app Instagram in 2018 in anticipation of possible antitrust scrutiny, according to a document shown at a trial in Washington, D.C., on Tuesday. The document was shown during Zuckerberg’s second day of testimony at the high-stakes trial, in…

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DOGE staffer appointed as acting head of US State Dept foreign assistance office

By Humeyra Pamuk WASHINGTON (Reuters) – The administration of President Donald Trump has appointed a key member of billionaire Elon Musk’s Department of Government Efficiency as the acting head of foreign assistance at the State Department, according to a senior U.S. official and an internal email seen by Reuters. A senior State Department official confirmed…

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Bullish trade in Apple options reaps gains as shares jump on tariff exemption

By Saqib Iqbal Ahmed NEW YORK (Reuters) – An unidentified options trader’s multi-million dollar bet on a short-term rebound in Apple Inc.’s shares was set to reap a sizable profit as the iPhone-maker’s shares soared on Monday following the Trump administration’s weekend move to grant tariff exclusions for smartphones. On Monday, Apple shares rose as…

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