The Rundown Broadcom Surges Past $1 Trillion Market Cap, Google Raises Price of YouTubeTV
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Dec 13, 2024 In a recent stock market update, major indices faced declines while President-elect Trump visited the New York Stock Exchange. Google raised YouTube TV prices, leaving subscribers frustrated as they weigh the cost against traditional cable. Meanwhile, Costco thrives with strong earnings, while Broadcom's stock soars thanks to its innovative AI chip initiatives. The decline of BuzzFeed is highlighted, reflecting on its fall from digital stardom and the shifting landscape of online media.
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Market Downturn
- The stock market couldn't maintain its rally, with major indices like the S&P 500, NASDAQ, and Dow all down about 0.6%.
- The Dow Jones has dropped for six consecutive trading days.
Potential Bank Regulation Changes
- Trump's team is considering significant changes to bank regulations, including potentially eliminating or merging the FDIC.
- They are also considering merging the OCC with the Federal Reserve.
YouTube TV Price Hike
- Google is raising the price of YouTube TV to $83/month, upsetting Zaid Admani and other subscribers.
- Streaming services' rising prices make them less competitive with cable.