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Dish Network

Dish Network is now in the wireless business, having closed its $1.4 billion purchase of Boost Mobile and other prepaid assets from T-Mobile.

Why it matters: The deal was a condition for regulatory approval of T-Mobile's Sprint purchase and is part of an effort to create a fourth national wireless carrier.

How it works: Dish will operate Boost, but utilize T-Mobile's network while it builds its own 5G network.

  • Boost is reviving an option where customers' bills go down over time if they pay them on time. A new "$hrink-It!" plan starts at $45 per month for 15 gigabytes of data, but goes down by $5 per month after three on-time payments and by an additional $5 after six on-time payments. (Boost offered a similar plan until 2014.)
  • A separate option will offer 10GB of data and unlimited text and talk for $35 per month.

Go deeper: Dish Chairman Charlie Ergen says history will vindicate him on 5G

Go deeper

Ina Fried, author of Login
Aug 5, 2020 - Technology

Samsung debuts Note 20, new foldable smartphone

The Galaxy Note 20 Ultra. Photo: Samsung

Samsung unveiled its crop of new mobile devices Wednesday, including two versions of the Note 20 smartphone, an updated foldable device, two tablets and a watch.

Why it matters: The new devices aim to give Samsung an early start in the second half of the year, with products aimed at parents buying fresh gear for the back-to-(home)school season.

Trading platforms curb trading on high-flying Reddit stocks

Major trading platforms including Robinhood, TDAmeritrade and Interactive Brokers are restricting — or cutting off entirely — trading on high-flying stocks like GameStop and AMC Entertainment.

Why it matters: It limits access to the traders that have contributed to the wild Reddit-driven activity of the past few days — a phenomenon that has gripped Wall Street and the country.

2020 was the economy's worst year since 1946

Source: FRED; Billions of chained 2012 dollars; Chart: Axios Visuals

One of the last major economic report cards of the Trump era lends perspective to the historic damage caused by the pandemic, which continued to weigh on growth in the final quarter of 2020.

By the numbers: The U.S. economy grew at a 4% annualized pace in the fourth quarter, a sharp slowdown in growth compared to the prior quarter. For the full year, the economy shrank by 3.5% — the first annual contraction since the financial crisis and the worst decline since 1946.

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