Fox Corp
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Communication Services : Media | Mid Cap Value
Company profile

Fox Corporation is a news, sports, and entertainment company. The Company operates in three segments: Cable Network Programming, Television and Other, Corporate and Eliminations. The Cable Network Programming segment produces, and licenses news and sports content distributed through traditional cable television systems, direct broadcast satellite operators and telecommunication companies (traditional MVPDs), virtual multi-channel video programming distributors (virtual MVPDs) and other digital platforms, primarily in the United States. Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising supported video-on-demand (AVOD) service TUBI, 29 full broadcast television stations, including 11 duopolies, and other digital platforms, primarily in the United States. Other, Corporate and Eliminations segment consist of the FOX Studio Lot, which provides television and film production services and Credible Labs Inc.

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Bank stocks resume their slide

10:12 am ET March 10, 2023 (MarketWatch)

Bank stocks posted their second day of steep losses in early trades on Friday as investors feared a cash crunch in the sector on the heels of a liquidity challenge at SVB Financial (SIVB). Dow Jones Industrial Average components JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) fell 1.8% and 3.9% respectively, while the DJIA dropped 0.5%. Bank of America Corp. (BAC) fell 4.7%, Citigroup Inc. (C) moved down by 2.4%, Morgan Stanley (MS) fell by 2.2% and Wells Fargo & Co. (WFC) dropped 3%. The KBW Bank Index moved lower by 6.5%, while the Financial Select SPDR ETF (XLF) fell 2.7%. Signature Bank (SBNY) is down 26% and PNC Financial (PNC) is lower by 3.4%. SVB Financial is halted. First Republic (FRC) was also halted after its stock fell by 21.5%.

-Steve Gelsi


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(END) Dow Jones Newswires

March 10, 2023 10:12 ET (15:12 GMT)

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