Verizon is sending free 4G flip phones to customers who are still using the company’s older 3G network, which it plans to retire by the end of 2022, according to the company’s support page. Verizon’s issuing the devices to people who have not yet upgraded to a 4G LTE phone. Anyone on the older network … Read more
Check out the companies making headlines in midday trading. Continental Resources – Shares soared 14% after the shale company announced an all-cash buyout proposal from the family trust of billionaire founder Harold Hamm. Continental Resources said it’s yet to review the offer that would take the company private in a $ 25.4 billion deal. FedEx … Read more
Take a look at some of the biggest movers in the premarket: Continental Resources (CLR) – The oil and natural gas producer’s stock rallied 7.4% in the premarket after receiving a $ 70 per share “take private” bid from Chairman Harold Hamm and his family. The company’s board will establish an independent committee to evaluate … Read more
Inmarsat CEO Rajeev Suri shares his career-defining lightbulb moment with CNBC’s “My Biggest Lessons.” Rajeev Suri had been a long-time Nokia veteran before he was tapped to become the Finnish telecommunications company’s CEO in 2014. However, the company he took the helm of was no longer at the top of its game. Nokia had lost … Read more
Mehdi Bennis is an associate professor at the University of Oulu in Finland researching 6G. Elizabeth Schulze | CNBC Nokia CEO Pekka Lundmark expects 6G mobile networks to be in operation by the end of the decade but he does not think the smartphone will be the most “common interface” by then. Speaking on a … Read more
Apple CEO Tim Cook Brooks Kraft / Apple Inc / Handout via Reuters An ongoing shortage of chips and other basic materials is forcing some of the world’s biggest tech and automotive companies to scale back their targets this year. Apple CEO Tim Cook warned Thursday that the company was “not immune” to supply chain … Read more
The indexes are generally holding Tuesday’s pop, rotating away from danger and for now keeping in place the idea that a "higher low" could be in place.
Here are the biggest calls on Wall Street on
Here are the biggest calls on Wall Street on
As inflation reaches record highs and oil prices surge, some economists say a recession could come as early as 2023, and the odds are growing.