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T, TMUS, VZ Stocks Plunge After-Hours As SpaceX Buys 800 MHz Spectrum For Starlink Mobile
Stocktwits ·
Stocktwits reports: Telecom shares fell after hours on Thursday after SpaceX (SPCX) said it had agreed to buy a nationwide low-band spectrum portfolio, a step the company said would let Starlink Mobile compete as a major U.S. mobile carrier. AT&T (T), T-Mobile US (TMUS), and Verizon (VZ) sank about 7% in post-market trading. Comcast (CMCSA) slipped about 2%. SPCX shares rose 3% after hours, while its closest rival in satellite-to-phone service, AST SpaceMobile (ASTS), slipped 3%. SpaceX…
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Higher bond yields are raising the bar for stocks: Stan WongRead story summary
For much of this year, “higher for longer” was a warning. Now it is a market reality. With the U.S. 10-year Treasury yield above 5.25 per cent and touching a two-decade high, borrowing costs are becoming harder for markets to ignore. Bonds also compete more directly with equities for investor capital. The implications for equity valuations are significant. ...
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