Charter Communications Inc

Trumzz | Istock | Getty ImagesOver the past two years, millions of low-income U.S. households have received broadband internet at a discount through two consecutive government programs.But they could soon lose that benefit. More than 16 million U.S. households are currently enrolled in the federal government's Affordable Connectivity Program, or ACP, which offers a $30 discount on broadband services to qualifying low-income households. Funding for it is expected to run out next year."In 2024, or when the money runs out,…

Comcast on Thursday reported fourth-quarter earnings that topped analyst expectations despite persistent softness in broadband subscriber growth and mounting losses from its streaming service, Peacock. The company's top-line growth was fueled by higher revenue from its broadband and wireless businesses, as well as its theme parks segment. Here's how Comcast performed, compared with estimates from analysts surveyed by Refinitiv:Earnings per share: 82 cents, adjusted, vs. 77 cents expectedRevenue: $30.55 billion vs. $30.32…

In this photo illustration, the Cox Communications logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesCox Communications is ringing in the new year with the official launch of its mobile business. The privately held cable and internet operator plans to announce the national launch of Cox Mobile Thursday at the Consumer Electronics Show in Las Vegas. Cox has trailed peers like Comcast, Charter Communications and Altice USA, which started offering mobile service to their…

In this photo illustration, a hand holding a TV remote control in front of the Disney Plus logo on a TV screen.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesMedia stocks got rocked this year, with companies losing billions of dollars in market value, as streaming subscriber growth waned and the advertising market worsened. The pain is likely to continue in the first half of 2023, according to media executives and industry analysts. Disney and Warner Bros. Discovery, two companies undergoing transitions,…

Delta Airlines Embraer ERJ 170-200 flying above Los Angeles International Airport on Oct. 2, 2022 in Los Angeles, California.AaronP/Bauer-Griffin | Gc Images | Getty ImagesCheck out the companies making the biggest moves midday:SoFi Technologies — The fintech stock jumped more than 7% after a filing showed CEO Anthony Noto bought $5 million in common stock. The purchase was done through multiple trades from Friday to Tuesday, the filing said.Charter Communications — Charter Communications dropped more than 13% after CEO…

The streaming platform VUit is bulking up with newscasts from Paramount Global's owned and operated local CBS TV stations as the fledgling service looks to take a bigger foothold in the sprawling U.S. local news market. The streaming newscasts from CBS's 13 owned and operated stations, two of which are in the major markets New York and Los Angeles, and CBS entertainment programs like "Inside Edition," are being added to the free, ad-supported platform. related investing news"We've been in this kind of soft launch mode for…

Charter Communications Chief Executive Officer Tom Rutledge will be stepping down as the company's CEO on Dec. 1. He will remain as executive chairman until November 2023, when his contract expires.Rutledge referred to his decision to leave as "retirement," but the almost 70-year-old executive, who has been in the industry for 50 years, told CNBC in an exclusive interview he isn't ready to leave the business completely.When Rutledge took over Charter in 2012, the company had just emerged from bankruptcy. At the time, it…

Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022.Andrew Kelly | ReutersCheck out the companies making headlines in midday trading.Apple – Shares of Apple jumped 8% after the technology giant beat both top and bottom line estimates when it reported earnings results for its latest quarter.Intel – The chip stock popped 10% after surpassing analysts' estimates for the recent quarter and outlining a plan to reduce costs by $10 billion over the next three…

Comcast on Thursday reported third-quarter earnings that beat analyst estimates, despite seeing revenue slightly decline and continued softness in broadband customer growth.The company's shares closed 1.5% higher Thursday.Here's how Comcast did in the third quarter of 2022 compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:Earnings per share: 96 cents, adjusted vs. 90 cents expectedRevenue: $29.85 billion vs. $29.65 billion expectedThe company said it added 14,000 broadband…

CNBC's Jim Cramer on Wednesday warned investors to avoid the stocks in the Nasdaq 100 and highlighted the worst-performing stocks during the third quarter."These seven biggest losers from the third quarter are simply representative of the House of Pain the index has become. By the way, if you're living in a house of pain, you should move," he said.Cramer acknowledged that there are a few stocks in the index that he believes are still great, but maintained that the index is ultimately filled with "woe and hurt."Here are…