SpaceX Valuation Eclipse to $180B as Company Prepares to Sell Existing Stocks at $97 per Share
SpaceX is now one of the most valuable private companies in the world with a scalable business in the Starlink satellite internet sector among others.
Verizon Reports Better-than-Expected Q3 2023 Results, VZ Shares Jump 9%
Verizon Communications closed the third quarter with 10.3 million broadband subscribers, a 21 percent increase YoY, thus representing its consecutive fourth quarter of net additions.
AT&T Stock Slumps to 30-Year Low amid Toxic Lead Cable Scandal
In response to a request for comment, AT&T Inc did not provide an immediate response to debunk the hanging fears from investors and users.
Yahoo Set to Make Comeback by Going Public via IPO
The tech industry has witnessed a surge in IPOs this year, reflecting the robust investor appetite for innovative and high-growth companies.
Verizon Q4 2022 Report Sees YoY Revenue Increase but Declines in Adjusted Share Earnings
By Tolu Ajiboye
Telecom giant Verizon saw a 3.5% revenue in Q4 2022 even as the company struggled with dwindling 5G equipment sales.
Stock Market Outlook Could Be Determined by Incoming Earnings Reports by Companies, Analysts Say
By Tolu Ajiboye
Analysts opine that expected earnings reports could impact investors’ reaction to the stock market after last week’s volatility.
Snap Forewarns of Bleak Financial Report for Current Quarter, Sends S&P 500, Nasdaq Lower
By Tolu Ajiboye
The revelation that Snap would not hit some of its own revenue and income forecasts caused drops in the S&P 500 and Nasdaq indexes.
Stock Futures Decline Ahead of Kickstarting Earnings Report This Week
Although analyst are expecting a majority of the S&P 500 companies to deliver better-than-expected results, fears on inflation and interest rate hikes are dragging stock down.
Dow Jones Hits Record High Crossing 35,600 Levels amid Strong Earnings Reports
With better-than-expected earnings reports from over 70 of the S&P 500 companies, the stock market continued to rally with the index registering a six-day winning streak. Analysts are hopeful of a further rally by the year-end.
VZ Stock Down, Verizon Q1 EPS and Revenue Beat Analysts Estimates
According to the Q1 earnings report, 70% of Verizon’s revenue came from wireless business.
DISCA Stock Up 1.79% as Discovery Joins Streaming World Competition
Discovery+ is available on Amazon Fire TV, Android TV, Apple TV, Chromecast, Roku and some Samsung gadgets. It can also be streamed on mobile, web and gaming consoles.
Apple’s iPhone 12 to Be Launched Today: Can Promises Made Be Kept?
There are concerns that the iPhone 12 proposed to be in the market anytime after the online event today may not meet people’s expectations.
Samsung Q3 Earnings to Beat Estimates as Firm Noted in Its Latest Guidance
Samsung’s consolidated sales for the third quarter rose by about 6.5% from a year ago coming in at 66 trillion won (Q3 2019 consolidated sales were 62 trillion won).
Samsung Signs $6.6 Billion Deal with Verizon to Supply Network Equipment
By Tolu Ajiboye
Samsung recently won a $6.64 billion order from Verizon to provide network solutions. The win will help Samsung expand services to more countries.
FB Stock Gains 2% while Big Companies Abandoning Facebook, Should We Worry?
Companies are continuing to sign onto a Facebook advertising boycott. Ford and Adidas are among the latest. So far, none of the advertisers are in the top spenders on Facebook this year. FB stock is in the green.