[ad_1] There’s trouble ahead for AT & T as it competes with Verizon , according to MoffettNathanson. Analyst Craig Moffett downgraded AT & T to underperform from market perform, saying it’s time to sell the stock ahead of 2023 after its outperformance this year. Shares of AT & T are …
Read More »AST SpaceMobile deploys BlueWalker 3 satellite antenna
[ad_1] A view from onboard the satellite, captured after deploying the 693-square foot array. AST SpaceMobile Satellite-to-smartphone connectivity venture AST SpaceMobile announced Monday that the wide antenna of its recently launched test satellite deployed successfully — a critical milestone in the company’s development of a global network to provide 5G …
Read More »Comcast (CMCSA) earnings Q3 2022
[ad_1] Comcast on Thursday reported third-quarter earnings that beat analyst estimates, despite seeing revenue slightly decline and continued softness in broadband customer growth. Shares jumped 8% in premarket trading. Here’s how Comcast did in the third quarter of 2022 compared with what Wall Street was anticipating, based on a survey …
Read More »CNN job cuts coming as CEO Chris Licht concludes business review
[ad_1] Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN CNN CEO Chris Licht started conducting a business review of the news network when he agreed to take the job in April. That evaluation wrapped up last week, according to people familiar with the matter, and CNN employees are …
Read More »Cramer’s lightning round includes a fintech ‘on the road to redemption’
[ad_1] PayPal (PYPL): “PayPal did very well today. They are already on the road to redemption.” MicroVision (MVIS): “It’s a $3 stock. It’s a dice roll. It could go down $3. Stocks stop at zero. It is losing a lot of money. So therefore, it’s not my cup of tea.” …
Read More »Nation’s 12 largest employers laid off thousands during the pandemic
[ad_1] The nation’s largest employers collectively laid off more than 100,000 workers during the pandemic, according to a report released Tuesday by a House subcommittee. Hourly workers were hit particularly hard. Not only were they more likely to get fired in 2019, 2020 and 2021 than salaried employees, but they …
Read More »These 13 companies’ earnings helped drive markets higher
[ad_1] CNBC’s Jim Cramer on Monday offered investors a list of companies whose solid quarters he believes have helped the market rally recently. Here is his list: Bank of America Johnson & Johnson Goldman Sachs Lockheed Martin Netflix Procter & Gamble IBM Tesla AT&T Tractor Supply CSX SLB American Express …
Read More »Raymond James upgrades AT&T to strong buy, says telecom giant can surge 40%
[ad_1] AT & T ‘s prospects keep getting better, according to Raymond James. Analyst Frank G. Louthan upgraded shares of AT & T to strong buy from outperform, saying the telecommunications company’s return to its core business has improved the stock. “We believe this stronger rating is appropriate given AT …
Read More »Space race to connect satellites to phones with Apple, SpaceX, AT&T
[ad_1] The race to provide high-speed internet from satellites is well underway – but another, more ambitious competition, to connect directly from space to devices like smartphones, began in earnest earlier this year. The potential untapped market — which hinges on, but extends beyond, sending a text via space — …
Read More »Snap, American Express, Verizon, Twitter and more
[ad_1] Check out the companies making headlines in midday trading. Snap — Shares of the Snapchat parent company cratered 28.1% after it missed revenue estimates and saw its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest …
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