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Comcast Shares Jump Most Since 2008 On Plans To Separate Units
Comcast Shares Jump Most Since 2008 On Plans To Separate Units
Comcast shares jumped the most in nearly two decades on news that it plans to split NBCUniversal and Sky into a separate publicly traded company through a tax-free spin-off.
The transaction, expected to close in about one year, would leave Comcast shareholders owning stakes in both.
Comcast would remain centered around broadband, wireless, business services, and entertainment platforms, backed by a network that reaches more than 65 million homes and businesses.
NBCUniversal, which will also include Sky, will house Universal’s film...
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Aug 14, 2026 / Tyler Durden
Your Grandfather's Military Is Dead
Your Grandfather's Military Is Dead
Authored by Byron King and Sean Ring via DailyReckoning.com,
You may have already seen some of what I’m about to share in The Daily Reckoning. But given what we’re focused on here and the sheer amount of money now moving into this corner of the defense industry… I think it deserves a second look.
The drone itself is only part of what’s happening here. Building a military around unmanned systems requires an enormous industrial ecosystem underneath it like chips, sensors, batteries, rare-earth magnets, software, machine tools and, most...
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Jun 1, 2026 / Tyler Durden
Foreign Cargo Ship Struck By 'Massive Projectile' Just Off Iraq
Foreign Cargo Ship Struck By 'Massive Projectile' Just Off Iraq
A commercial cargo ship navigating the Arabian Gulf was struck by an unidentified projectile, triggering a "large explosion," according to the United Kingdom Maritime Trade Operations (UKMTO).
The maritime strike took place approximately 65 nautical kilometers (40 miles) southeast of Umm Qasr, Iraq. At this time, the UKMTO noted that it is unaware of any environmental damage resulting from the blast.
Source: UKMTO
Initially Iraqi media reported the blast was due to "mechanical failure" - but soon after other regional media said it was...
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Mar 25, 2026 / Brendan Brown
The Iran War Brings More Inflation and New Strength to the Yuan
Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, with no real change to the US regime’s commitment to easy money.
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