Communications-services stocks fall on consumer spending fears
Updated
Updated · MarketWatch · May 8
Communications-services stocks fall on consumer spending fears
12 articles · Updated · MarketWatch · May 8
The sector slid as gasoline inflation raised worries about household demand, while Trade Desk dropped after weaker-than-expected first-quarter earnings and soft revenue guidance.
Disney's ABC also escalated its dispute with the Federal Communications Commission, alleging potential First Amendment violations over the regulator's investigation into talk show The View.
Separately, OnlyFans agreed to sell a minority stake to a US investment firm in a deal valuing the creator platform at $3.15 billion.
With regulators now targeting talk shows, is the future of broadcast political commentary at risk?
Can 'open web' advertising survive as privacy changes empower tech giants like Google and Meta?
As the Iran war drives record gas prices, which consumer industries will face the next downturn?