Comcast RISE Investment Fund Provides $16 Million in Grants to Support Small Businesses Hardest Hit By the COVID-19 Pandemic

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Comcast RISE Investment Fund Provides $16 Million in Grants to Support Small Businesses Hardest Hit By the COVID-19 Pandemic

Beginning on June 1, and through June 14, eligible businesses in Atlanta, Detroit, Pittsburgh, Philadelphia, and the Twin Cities can apply for a $10,000 grant at www.ComcastRISE.com. A total of 100 grants per city, or 500 grants overall, will be announced and awarded in July 2022. The Investment Fund is an extension of Comcast RISE, the multi-year, multi-faceted initiative launched in October 2020 to support small businesses and provide the resources and tools they need today and in the future.

Comcast RISE Recipients to Date

Comcast also announced the latest round of Comcast RISE recipients, which includes 1,317 small businesses owned by people of color and women, that will receive grants in the form of a TV campaign, production of a TV commercial or consulting services from Effectv or computer equipment, internet, voice or cybersecurity from Comcast Business, as well as access to Ureeka, an online platform

Comcast doubles Peacock spending as broadband business takes hit

Comcast is ramping up spending on its Peacock streaming service, executives said on Thursday, aiming to catch up to big media rivals in the global battle for viewers.

Unlike the majority of its rivals, Peacock offers a free, ad-supported version and two paid options: a $5-per-month tier with “light ads” and an ad-free version costing $10 per month.

In a call with investors on Thursday, Comcast Chief Executive Brian Roberts said the “vast majority” of Peacock’s paid subscribers choose the $5 tier over the $10 tier. Going forward, the company will focus its strategy around the ad-supported tiers.

It is doubling Peacock content spend to $3 billion in 2022 and plans to increase domestic content spend for Peacock to $5 billion over the next couple of years, an additional investment that will result in an earnings before interest, taxes, depreciation and amortization (EBITDA) loss of roughly $2.5 billion. It plans

Donating to Help Kentucky and Other Areas Hit by Tornadoes

Stocks hit records to wrap winning October

Third Bridge TMT global sector lead Scott Kessler says Apple and Amazon earnings fell below estimates due to supply chain issues.

U.S. stocks battled to record highs Friday as investors looked past the impact the supply chain crunch is having on Apple and Amazon.

The Dow Jones Industrial Average rose 89 points, or 0.25%, while the S&P 500 index and the Nasdaq Composite index inched higher by 0.19% and 0.33%, respectively. All three of the major averages closed at all-time highs.

The gains came after the Bureau of Economic Analysis said core personal consumption expenditures prices rose at their fastest annual pace in 30 years.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	35819.56	+89.08	+0.25%
SP500	S&P 500	4605.38	+8.96	+0.19%
I:COMP	NASDAQ COMPOSITE INDEX	15498.388494	+50.27	+0.33%

In stocks, Apple Inc. reported sales that fell short of estimates as supply chain bottlenecks cost the company an

Unique Amazon, Tata say Indian govt e-commerce guidelines will hit firms -sources

NEW DELHI, July 3 (Reuters) – Amazon.com Inc (AMZN.O) and India’s Tata Team warned governing administration officials on Saturday that strategies for more durable principles for on-line vendors would have a significant impression on their enterprise versions, four sources acquainted with the conversations advised Reuters.

At a assembly organised by the customer affairs ministry and the government’s expense advertising arm, Spend India, many executives expressed concerns and confusion above the proposed policies and questioned that the July 6 deadline for publishing feedback be extended, explained the resources.

The government’s difficult new e-commerce rules declared on June 21 aimed at strengthening protection for buyers, brought on problem amongst the country’s on the net stores, notably current market leaders Amazon and Walmart Inc’s (WMT.N) Flipkart.

New procedures limiting flash sales, barring deceptive ads and mandating a issues method, amid other proposals, could power the likes of Amazon and Flipkart to evaluate their