AT&T, Verizon, and T-Mobile took a beating on Wednesday as investors braced for an orbital clash with Elon Musk. Shares of AT&T (NYSE: T) and Verizon (NYSE: VZ) both fell 4%, while T-Mobile (NASDAQ: TMUS) slid 2%, following a Semafor report that SpaceX is plotting a direct assault on the U.S. wireless oligopoly. The rocket titan is actively hunting urban-grade spectrum—either by snapping up rivals or crashing next year’s federal auction—to build out dense coverage in major cities. The selloff hi
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Dish DBS, the satellite TV and wireless subsidiary of EchoStar, filed for prepackaged Chapter 11 bankruptcy on June 30 in federal court in Houston. The filing ends months of speculation about the future of the industry's would-be fourth wireless carrier. More than 88% of Dish's bondholders ...
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The Federal Communications Commission’s first spectrum auction after a four-year hiatus. brought in upwards of $3.5 billion in total, the agency said.
Verizon Communications successfully bid nearly $3.2 billion for wireless licenses in a Federal Communications Commission auction for mid-band spectrum, the agency said Friday. AT&T, T-Mobile and Space X also won spectrum licenses in the auction that raised about $3.5 billion. T-Mobile successfully bid $278 million, T-Mobile $121 million and Space X $8.5 million, the FCC said.
A California agency said Thursday it has asked a U.S. court and the Federal Communications Commission to reject the request of AT&T to stop offering traditional copper wire phone service to new customers. The California Public Utilities Commission said AT&T's was trying to get out of its obligations as a carrier of last resort.
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -1.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.99%. June E-mini S&P futures (ESM26 ) fell -1.19%, and June E-mini Nasdaq futures...
Stocks slide as interest rates remain the same and Fed Chair Kevin Warsh starts writing a shorter song for the biggest central bank in the world.
The S&P 500 Index ($SPX ) (SPY ) today is down -0.15%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.30%. June E-mini S&P futures (ESM26 ) are down -0.17%, and June E-mini Nasdaq futures...
The U.S. Supreme Court backed the Federal Communications Commission's system for levying fines, ruling on Thursday against wireless carriers AT&T and Verizon in their challenge to the agency and handing a win to President Donald Trump's administration. At issue in the legal dispute was whether the agency's in-house proceedings for imposing the penalties deprived the companies of their right to a jury trial under the U.S. Constitution. Trump's administration defended the FCC's system for assessing financial penalties, known as forfeiture orders.
At the 24% federal bracket, a portfolio throwing off $40,000 in high-yield dividend income hands roughly $9,600 to the IRS every year when those shares sit in a taxable account treated as ordinary income. For investors in the gap years between retirement and RMD age 73, that drag compounds quietly until required minimum distributions force ... How to Maximize Dividend Income in Retirement Before RMDs Change the Math
June S&P 500 E-Mini futures (ESM26) are trending down -0.05% this morning as oil prices and bond yields climbed after the U.S. and Iran exchanged heavy fire in the Persian Gulf.
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Holding a high-yield dividend portfolio in a taxable account at the 24% federal bracket means writing the IRS a $14,400 check every year on $60,000 of income that should have been yours. It repeats annually, forever, on the same dollars you already earned. This series exists because most readers know what a Roth IRA is ... The Dividend Stocks That Generate $60,000 Tax-Free Inside a Roth (And What They Cost You in a Taxable Account)
EchoStar Corp (NASDAQ:SATS) shares are gaining Wednesday. Federal regulators cleared two large transactions that allow the company to transfer a significant block of its spectrum holdings to SpaceX and AT&T. Here’s what you should know. EchoStar shares are powering higher. Why is SATS stock surging? The approval removes the final regulatory barrier and confirms that EchoStar can now complete both sales, which together represent more than $40 billion in deal value according to the FCC. FCC Approv