Critical tech policy issues likely tabled as Congress heads for recess

U.S. House Speaker Nancy Pelosi shakes hands with Senate Majority Leader Chuck Schumer at the start of a discussion with historians on how to “establish and preserve the narrative of January 6th” on the one-year anniversary of the attack on the Capitol in Washington, January 6, 2022. Al Drago | Pool | Reuters Congress is … Read more

Comcast and Charter may need new focus as broadband growth stalls

Brian Roberts, CEO of Comcast (L), and Tom Rutledge, chief executive officer of Charter Communications Drew Anger | Getty Images Comcast and Charter, the two largest US cable companies, have a broadband growth problem. As tens of millions of Americans canceled their cable TV subscriptions in the past decade, the cable industry focused on the … Read more

Bank of America downgrades Verizon, says 5G growth has yet to materialize

Verizon will continue to face near-term challenges around subscriber growth, as it waits for 5G to pay off, according to Bank of America. Analyst David Barden downgraded shares of Verizon to neutral from buy, saying in a Thursday note that the wireless network operator’s big bet on 5G has yet to pay off — as … Read more

Goldman says hide out in these stocks as dollar strength hits big international shares

Investors should hide out in companies that make most of their money domestically, as a strong dollar hurts multinational companies, according to Goldman Sachs. “Earnings results and euro/dollar parity have turned the focus of our recent investor conversations to the impact of US dollar strength on equities,” David Kostin, Goldman’s head of US equity strategy, … Read more

National Football League’s new streaming service NFL+ launches at $4.99 per month

Ja’Marr Chase #1 of the Cincinnati Bengals makes a catch over Jalen Ramsey #5 of the Los Angeles Rams during Super Bowl LVI at SoFi Stadium on February 13, 2022 in Inglewood, California. Gregory Shamus | Getty Images The National Football League now has its own streaming service. Premiering Monday, the NFL is launching NFL+ … Read more

Fund manager on tech selloff, investing in healthcare, communications stocks

Despite calls from some analysts to reconsider tech stocks, Deuterium Capital’s John Ricciardi says it’s not yet time to buy the dip. The tech sector has sold off massively this year as investors rotated into value from growth names, on the back of monetary tightening, recession and other risks. Ricciardi, lead fund manager and head … Read more

Verizon shares fall after company cuts full-year forecast

A Verizon store in San Francisco, California, US, on Tuesday, July 20, 2021. Bloomberg | Getty Images Shares of Verizon fell Friday after the company reported second-quarter earnings that fell shy of expectations and trimmed its financial forecast for the year. “Although recent performance did not meet our expectations, we remain confident in our long-term … Read more

Snap, American Express, Verizon, Seagate and more

Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines in midday trading. American Express — Shares of the credit card company climbed 2.9% as growth in travel and entertainment spending helped American … Read more

American Express, Verizon, Schlumberger and more

Check out the companies making headlines before the bell: American Express (AXP) – American Express rallied 4.5% in the premarket after beating top and bottom line estimates for the second quarter. Card members registered record spending, driven by a rebound in travel and entertainment. Verizon (VZ) – Verizon fell 4.4% in the premarket after adjusted … Read more