Nov 7, 2018 - Technology

Comcast to create streaming box for broadband-only customers

Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images.

Comcast is planning to release a product sometime next year for broadband-only customers to pick and choose certain streaming services, such as Netflix and Amazon Video, CNBC reports.

Why it matters: The preliminary plans show Comcast is placing a stake in the cable-free audience against Roku and Apple TV. The streaming box is expected to run like a cable box, but would allow customers to rent programming and easily upgrade to another Comcast video package. The price of the unit has not been disclosed.

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Alayna Treene
7 mins ago - Politics & Policy

Trump floats executive action even if stimulus deal is reached

Photo: Samuel Corum/Getty Images

The White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart, and it's leaving the door open for President Trump to use them even if a deal is reached that doesn't encompass all of his priorities, two administration officials tell Axios.

What we’re hearing: “I wouldn't be surprised that, if something gets left off the table, we’d be like ‘we can take this executive action too and be able to win on it anyway,’” one official said.

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Axios
13 mins ago - Technology

TikTok responds to Trump executive order: "We are shocked"

Photo: Jakub Porzycki/NurPhoto via Getty Images

TikTok said Friday that it was "shocked" by President Trump's executive order that will ban Americans from dealing with ByteDance, its China-based owner, in 45 days.

Why it matters: TikTok argued that Trump's move "risks undermining global businesses' trust in the United States' commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth."

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Courtenay Brown
49 mins ago - Economy & Business

U.S. economy adds 1.8 million jobs in July

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. added 1.8 million jobs last month, while the unemployment rate fell to 10.2% from 11.1% in June, the Labor Department said on Friday.

Why it matters: The labor market continued to recover but the pace of job growth slowed significantly from June’s 4.8 million job gain, suggesting a stalled improvement as coronavirus cases surged and states pulled back on reopening plans.

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