Altice to Buy Cablevision in 17.7 Billion Deal
Altice of the Netherlands agreed to acquire Cablevision Systems Corp for 17.7 billion dollars including debt. The deal aims to expand Altice’s U.S. presence after purchasing Suddenlink and pursuing Time Warner Cable. Completion is expected in the first half of next year pending regulatory approval.
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Fed Keeps Rates Steady as Yellen Signals Gradual Hikes Ahead
Federal Reserve maintains near zero policy and signals gradual rate increases. Chair Janet Yellen says policy will stay highly accommodative for some time, with a first hike likely this year. The decision, 9-1 with dissent from Jeffrey Lacker, updates projections for inflation and unemployment.
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Fed rate hikes could lift loan costs and affect stocks
Over time, higher rates would raise monthly payments on homes and autos and push up borrowing costs. The end of ultra-low rates might pressure stocks, though a growing economy could sustain gains by signaling strength and supporting investor demand.
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