U.S. Markets close in 16 mins
  • S&P 500

    4,591.66
    +78.62 (+1.74%)
     
  • Dow 30

    34,733.41
    +711.37 (+2.09%)
     
  • Nasdaq

    15,433.38
    +179.32 (+1.18%)
     
  • Russell 2000

    2,206.27
    +58.85 (+2.74%)
     
  • Crude Oil

    67.29
    +1.72 (+2.62%)
     
  • Gold

    1,767.80
    -16.50 (-0.92%)
     
  • Silver

    22.40
    +0.06 (+0.27%)
     
  • EUR/USD

    1.1307
    -0.0015 (-0.1357%)
     
  • 10-Yr Bond

    1.4480
    +0.0140 (+0.98%)
     
  • Vix

    28.12
    -3.00 (-9.64%)
     
  • GBP/USD

    1.3305
    +0.0028 (+0.2089%)
     
  • USD/JPY

    113.1430
    +0.3630 (+0.3219%)
     
  • BTC-USD

    57,239.34
    +61.97 (+0.11%)
     
  • CMC Crypto 200

    1,451.31
    +12.43 (+0.86%)
     
  • FTSE 100

    7,129.21
    -39.47 (-0.55%)
     
  • Nikkei 225

    27,753.37
    -182.25 (-0.65%)
     

U.S. will launch $3.2b temporary broadband subsidy May 12

·1 min read

WASHINGTON, April 29 (Reuters) - The Federal Communications Commission said it will launch on May 12 a temporary $3.2 billion program to provide lower-income Americans with discounts on monthly internet service and on purchasing laptops or tablet computers.

The discounts, which were funded by Congress, are worth up to $50 a month for internet service, and up to $75 on Tribal Lands. Consumers can get a one-time discount of up to $100 to purchase a device from participating providers if they contribute more than $10 and less than $50 toward the price. The FCC said earlier it had approved more than 300 companies, including AT&T Inc, Verizon Communications, T-Mobile and Comcast Corp -- to participate. (Reporting by David Shepardson)