Verizon Communications Inc

Image Source : FILE US faces major cellular outage, disrupting vital services A widespread cellular outage has been affecting thousands of AT&T users across the United States, leading to massive disruptions in calls, text messages, and even emergency services in major cities like San Francisco. Around 8:15 a.m. ET, there were more than 73,000 incidents which were…

Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024.Jevone Moore | Icon Sportswire | Getty ImagesThe U.S. media world was rushing — or panicking? — Wednesday to try to figure out the ramifications of Disney, Warner Bros. Discovery and Fox's new joint venture, an unprecedented move to work together in the years since media companies broke out their own competing streaming platforms.The service will…

Picture Alliance | Picture Alliance | Getty ImagesIt's the third act of the streaming wars. That's the time a hero, seemingly beaten and broken, rises up and saves the day. But Wall Street is worried that hero may never come for Hollywood.Legacy media companies including Disney, Warner Bros. Discovery, Comcast and Paramount Global are trying to figure out the solution to self-inflicted financial wounds, particularly big spending as they chased streaming subscribers to compete with Netflix.Companies have since slashed…

The GrinchSource: Universal Studios It's human nature for a new year to bring optimism and hope.For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint.Maybe that's too grinchy. Some things will get better. The actors' and writers' strikes are over. The 2024 U.S. presidential election should help boost advertising dollars as global TV ad revenue is on pace to decline 18% this year, according to media investment firm GroupM.Companies such as Warner Bros.…

SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 18, 2023. Joe Skipper | ReutersThe valuation of Elon Musk's SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed Wednesday.The company is discussing an agreement with investors to sell stock from insiders in a purchase offer at $97 a share, according to a person familiar with the discussions. The…

Shares of Verizon Communications Inc, AT&T Inc and T-Mobile US Inc declined on Friday after a report said Amazon.com Inc was in talks with the US telecom firms to offer low-cost wireless services to its Prime members. Bloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for $10 a month or lower to Prime members through the partnerships, including a possible tie-up with Dish Network. "We are always exploring adding even more benefits for Prime…

Comcast topped analyst expectations with its first-quarter earnings report Thursday, despite the cable and media giant's residential broadband business's slowing growth and mounting Peacock losses.Shares of the company closed 10% higher Thursday.related investing newsHere's how Comcast performed, compared with estimates from analysts surveyed by Refinitiv:Earnings per share: 92 cents adjusted vs. 82 cents expectedRevenue: $29.69 billion vs. $29.3 billion expectedFor the quarter ended March 31, Comcast reported earnings of…

A pedestrian walks in front of an AT&T location in New York.Scott Mlyn | CNBCAT&T shares jumped on Wednesday after the carrier reported fourth-quarter subscriber growth that exceeded Wall Street's estimates, shrugging off its rivals' lower pricing strategies.The U.S. phone service provider added 217 million total subscribers across all of its divisions for the fourth quarter, beating StreetAccount estimates of 215 million. New phone subscribers specifically, however, missed analyst expectations, coming in at…

A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California.Justin Sullivan | Getty ImagesCheck out the companies making headlines before the bell.Verizon — Verizon shares slipped 1.51% after the company posted mixed results for the 2022 fourth quarter. While earnings met analyst predictions, forward earnings fell short of a Refinitiv consensus estimate. .Bed Bath & Beyond — The meme stock gained 5.78%, building on its dramatic start to the year, even as the retailer warns of a potential bankruptcy.…

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…