Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.40 | -0.40 | -0.40 | -0.50 | -0.50 | -0.05 | -0.04 | -0.50 | -0.60 | -0.50 | -0.50 | +0.11 |
9/11 freezes ad spending on top of the telecom bust
How this mood is scored ▾
Nortel Networks expects a record $19.2 billion quarterly loss due to devalued acquisitions and reduced customer spending, prompting 10,000 additional job cuts and dividend suspension. The telecom giant's collapse shakes the sector, dragging down rivals' stocks and signaling broader industry contraction amid declining internet traffic growth and eroding market confidence.
The world's top handset maker slashed growth forecasts, erasing tens of billions in market value across European tech. The warning confirmed the slowdown had spread from infrastructure to consumer devices.
Comcast and AT&T have agreed to merge AT&T Broadband with Comcast in a $72 billion tax-free transaction, creating AT&T Comcast Corporation, a leading broadband and media company with 22 million subscribers. The combined entity, majority-owned by AT&T shareholders, will expand broadband, voice, and data services across 41 states, with significant implications for competition in telecommunications and media markets.