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Comcast Plunges As CFO Warns Broadband Subscriber Bleeding Won't Stop
Comcast Plunges As CFO Warns Broadband Subscriber Bleeding Won't Stop
Comcast shares tumbled after CFO Jason Armstrong warned at the Goldman Sachs Communacopia + Technology Conference that broadband subscriber losses would not improve this quarter from a year earlier.
Bloomberg first reported Armstrong's comments, which sent shares down as much as 8.1% around 11:16 a.m. ET, their largest decline in months.
Armstrong told the audience at the conference in San Francisco, California, today that he still expects broadband subscriber losses to improve for the full year, although quarterly results will vary. He...
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Jun 8, 2026 / Tyler Durden
Sam Bankman-Fried 'Absolutely' Wants A Presidential Pardon
Sam Bankman-Fried 'Absolutely' Wants A Presidential Pardon
From inside a federal prison cell, disgraced crypto mogul Sam Bankman-Fried is making a direct bid for a White House lifeline. In a phone interview with FOX Business, the former FTX founder said he "absolutely" wants a presidential pardon from President Donald Trump.
"Absolutely. It would be obviously, you know, ultimately up to the president, not up to me," he said.
Bankman-Fried declined to confirm whether his family is currently lobbying the administration on his behalf, saying only, "I can't speak for them."
In March 2024,...
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Sep 18, 2026 / Tyler Durden
Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls On Hormuz Ships
Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls On Hormuz Ships
Via Decrypt.co,
The U.S. Treasury has sanctioned BitBank, naming the Iranian exchange it says carried the Bitcoin that shipping companies paid for safe passage through the Strait of Hormuz.
Since June, the Office of Foreign Assets Control said, the Hormuz Safe Marine Services Authority has used BitBank to pass the payments it collects on to the Iranian regime. That authority was the body charging vessels in Bitcoin for transit rights, a scheme Treasury designated in July.
Today, as part of Operation Economic...
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Mar 20, 2026 / Tyler Durden
Tax Season Will Bring Record Refunds. Use Them Wisely
Tax Season Will Bring Record Refunds. Use Them Wisely
Authored by Marc Cadin via RealClearMarkets,
Affordability is the defining economic challenge for millions of Americans. A recent poll found that 70% of Americans report that the cost of living is no longer affordable where they live, a concern that was highlighted in the most recent elections. From rising housing costs to the grocery aisle to the electricity bill, families are struggling to stay afloat.
This year, however, many households will finally get relief thanks to a new federal policy.
Signed into law this summer, the Working Families Tax...
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