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Shares in the conglomerate soared about 20% premarket after it said it plans to separate into two companies through a tax-free spinoff of NBCUniversal and Sky. If Comcast holds through those gains through today's session, it would notch its largest one-day percentage increase since 2008.

GameStop (NYSE:GME) shares rose 1. 4% in premarket trading to $22.

Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky. The planned move comes after Comcast announced in November 2024 that it was spinning off cable networks such as USA, Oxygen, E!, SYFY and Golf Channel, as well as CNBC and MSNBC into a new company. Like other cable companies, Comcast in recent years has shifted its business emphasis away from traditional cable toward streaming and other sources of revenue, such as its movie studio, theme parks and home wireless and internet services.

SEOUL, June 29 (Reuters) - South Korea announced three "mega projects" on Monday covering semiconductors, physical AI and AI data centres, with Samsung Electronics, SK Group and government ministries

Find insight on LG Display, Apple, SK Hynix and more in the latest Market Talks covering Technology, Media and Telecom.

Warsh’s words are already fighting inflation, Qualcomm diversifies from smartphones, Conagra has a new CEO, and more news to start your day.

Technology stocks were trading higher in premarket trading Monday as the looked set to finally snap its five-day losing streak. Semiconductor companies, other artificial-intelligence stocks, and the Magnificent Seven were among those rebounding to start the week. Microsoft jumped 2% ahead of the open, while Amazon Alphabet Nvidia Meta and Tesla were all up around 1%.

J.B. Hunt is expected to announce its second-quarter results shortly, and analysts are projecting double-digit EPS growth.

BlackRock is slated to announce its second-quarter results soon, and analysts expect its bottom line to grow at a single-digit pace.

Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its ‌cash-generating broadband arm from a media and entertainment business ‌under pressure from streaming rivals and industry consolidation. The latest U.S. media industry shake-up follows years of cord-cutting as legacy players chase scale to better compete with Netflix while Paramount Skydance's $110 billion deal for Warner Bros Discovery is ‌set to boost competition. Comcast, ⁠which leans on cable for much of its cash flow, is also losing broadband customers to fixed wireless ⁠offerings from T-Mobile and Verizon and to fiber rivals building out networks.

By Caroline Valetkevitch and Karen Brettell NEW YORK, June 29 (Reuters) - The U.S. economy and the U.S. stock market are starting to go their own ways. 

General Motors will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.

Northrop Grumman will release its second-quarter earnings next month, and analysts anticipate a single-digit profit dip.

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With SpaceX's historic initial public offering minting a small army of new millionaires overnight, the Southern California housing market market is bracing for a big wave of buyers looking to upgrade their residence or buy a second home.

Halliburton will release its second-quarter earnings next month, and analysts anticipate a low single-digit profit dip.

~ $2 trillion That's how much South Korean chipmakers Samsung Electronics and SK Hynix, along with affiliate companies and the country's government, plan to spend on creating new semiconductor and AI industry hubs in the years to come.

The world’s two largest memory-chip makers said their existing investments wouldn’t be enough to meet demand, amid a worldwide shortage.

ELG intends to grow its position in US multi-brand luxury retail through a model spanning physical stores, digital commerce and remote selling channels.

Concerns have been raised about companies pursuing more than $8.9 billion in federal support.

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The cigarette maker plans to cut about 5,500 jobs by the end of the year, on top of around 3,500 roles that it moved to outsourcing partners including Accenture.

U.S. stock futures were higher in early European trade as investors cautiously returned to risk at the start of a shortened trading week.

By Johann M Cherian and Tharuniyaa Lakshmi June 29 (Reuters) - European shares were steady on Monday, underpinned by gains in technology stocks, while investors mulled over the durability of an

(Bloomberg) -- US-listed Bitcoin exchange-traded funds are on pace for their worst month of withdrawals since launching two years ago.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardOil Pares Early Gains as US, Iran Halt Attacks After Flare-UpUS and Iran Agree to Halt Attacking Each Other Ahead of TalksAn Analyst’s Missed Remark Surfaced in Deadly Iran School Strike ProbeInvestors have pulled more t

EDF Power Solutions develops, builds and operates renewable plants, storage, EV charging infrastructure and microgrids across the US and Canada.

South Korea is launching a 1,350 trillion won ($880 billion) plan in corporate investments to build out critical AI infrastructure and cement its global dominance in the semiconductor market. President Lee Jae Myung called the sweeping mega-project a "national survival strategy" for the AI era. Bloomberg's Avril Hong breaks down the press conference, where President Lee was joined by the CEOs of tech giants Samsung and SK Hynix to outline the multi-year roadmap.

(Bloomberg) -- South Korean stocks recouped earlier losses as Samsung Electronics Co. and SK Hynix Inc. pledged massive investment during a government briefing that underscored the country’s commitment to AI development.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardOil Pares Early Gains as US, Iran Halt Attacks After Flare-UpUS and Iran Agree to Halt Attacking Each Other Ahead of TalksAn Analyst’s

South Korea will invest nearly $1.2 trillion -- equivalent to more than two-thirds of its GDP -- in a new chip-building hub and AI data centres over several years, as it seeks to profit from soaring demand while developing previously neglected regions.The government also announced a separate investment of a quadrillion won (around $650 billion) in AI data centres over the next 10 years.

The London-listed telecommunications operator said the 50:50 joint venture would serve more than 3,000 customers in around 180 countries.