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Comcast shares tumble as executive calls broadband ‘intensely competitive’
View from behind of Comcast truck parked on residential street in Lafayette, California, September 28, 2021. Smith Collection/gado | Archive Photos | Getty Images Comcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000 broadband subscribers during the fourth quarter as the market remains “competitively intense.” Comcast […]
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Banks hit credit card users with higher rates in response to regulation that may never arrive
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty Images Banks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response to an impending regulation that most […]
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T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports
A person walks by a T-Mobile retail store on May 28, 2024 in San Francisco, California. Justin Sullivan | Getty Images T-Mobile‘s network was among the systems hacked in a damaging Chinese cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with […]
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The Dow needs Nvidia to give chipmakers representation in index after Intel’s plunge
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images At around $23 a share, Intel is no longer a viable member of the Dow Jones Industrial Average. That was the conclusion of the S&P Dow Jones committee, which decides […]
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Comcast tops earnings estimates as Olympics propels the company
Comcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal’s revenue and Peacock’s subscriber count. Shares of Comcast gained 6% in premarket trading Thursday. Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG: Here is how Comcast is expected to perform, according to estimates from analysts […]
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Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more
Check out the companies making headlines in midday trading: Genuine Parts — Shares fell about 20% on the back of the company’s weaker-than-expected earnings for the third quarter. During the period, Genuine Parts earned $1.88 per share, excluding items, below the $2.42 per share that analysts polled by FactSet were expecting. It also slashed its […]
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Stock futures are lower as earnings season gains steam: Live updates
A trader works on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024. Michael M. Santiago | Getty Images Investor attention remains fixated on third-quarter earnings season, with about one-fifth of the S&P 500 slated to report results this week. Zions Bancorporation popped about 3% after the bell Monday […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Can stocks keep rising? U.S. stocks have carved out a winning streak. The S&P 500 and Dow Jones Industrial Average have posted six straight positive weeks. Both indexes closed at record highs on Friday. A busy week of earnings, […]
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Earnings next week will determine whether stocks still have further to run
Earnings next week will be key to where stocks head from here. There will be a significant jump in the number of companies set to report third-quarter results in the days ahead. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index plans to report […]
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China-linked security breach targeted U.S. wiretap systems, WSJ reports
People observe the scenery near Chinese national flags displayed for National Day celebrations on October 3, 2024 in Chongqing, China. National Day Golden Week is a holiday in China commemorates the founding of the People’s Republic of China in 1949. Cheng Xin | Getty Images U.S. broadband providers had their networks breached in a cyberattack […]
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