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TECHNOLOGY

White House announces spectrum auction to fuel 5G growth

The Trump administration on Monday unveiled plans to auction off 100 megahertz of midband spectrum previously dedicated to military purposes for commercial use starting in mid-2022, to ramp up fifth-generation network coverage in the United States.

IAC points to slowing growth in homeservices, shares fall

IAC/InterActiveCorp said on Monday sales growth in its homeservices unit slowed last month after jumping in May and June, and warned of extended volatility in monthly results due to the COVID-19 pandemic, sending its shares down 3% aftermarket.

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