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It announced a fresh round of store transitions and employee cuts.

Verizon Communications is cutting around 3,000 more jobs, reducing the number of company-owned retail stores, and realigning its structure as the nation’s largest wireless carrier continues to cut costs under new CEO Daniel Schulman. Verizon will lay off 2,500 retail workers and 500 corporate employees, and will sell 274 of its corporate-owned stores to bring the overall number down to about 1,000, the company told Barron’s Thursday. Barron’s reported earlier this week that Verizon would announce layoffs on Thursday.

The latest trading day saw Verizon Communications (VZ) settling at $43.88, representing a +2.45% change from its previous close.

The 3,000 affected employees will no longer be on Verizon’s payroll, according to a report from Bloomberg.

Consumer stocks were higher late Thursday afternoon, with the State Street Consumer Staples Select S

The company is growing, and its dividend yield is quite high and well-covered.

The company will retain roughly 1,000 corporate-owned stores after the divestiture, which takes effect Aug. 16

The company plans to divest itself of 274 of its retail stores to franchise owners. Most of Verizon’s layoffs would come from the retail-store divestiture.

Investing.com -- Verizon Communications Inc. announced today that it will lay off about 3,000 employees in corporate-owned retail stores as the company moves 274 locations to independent ownership.

U.S. wireless carrier Verizon ‌said it ‌will sell 274 company-owned ​retail locations and cut about 500 corporate jobs as ‌part of ⁠its ongoing restructuring. In total, the ⁠moves will impact about 3,000 ​retail and ​corporate ​employees. Verizon ‌will own 1,000 stores after the sale effective Aug. 16.

AST SpaceMobile stock has fallen 27% in the past three months and its latest debt offering isn't helping.

Verizon trades at a discount to peers, with a forward price-to-earnings ratio of 8.6x, compared with 9.1x for AT&T and 15.9x for T-Mobile US.

Why would Nvidia invest $2 billion in a company that helps customers build alternatives to its own technology? Marvell's unusual position across custom AI chips, NVLink, UALink, copper, and optical networking may reveal how Nvidia plans to compete as AI infrastructure becomes more modular.

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Equinix will distribute Lin’s responsibilities among senior leaders and plans to name a chief product officer soon. The filing did not identify a direct replacement.

AAPL stock was downgraded by KeyBanc, citing aggressive price hikes on Apple products.

Verizon's July 24 earnings report is shaping up as more than a routine quarterly update, and investors who understand what is quietly building beneath the surface may want to position before the open.

Verizon shares have dipped on fears that SpaceX could compete against it in the mobile space.

Verizon Communications stock is coming off a strong three year run, with the share price up 60.9%. However, its current checks still suggest the market may be pricing it at a discount. Over the past three years, Verizon Communications has returned 60.9%, which puts more focus on whether the recent share price now reflects its fundamentals. Partnerships such as the new 5G connectivity deal for BMW vehicles can support expectations for future cash flows. At the same time, cost cutting moves...

In its IPO prospectus, SpaceX said that Starlink accounted for just over 60% of its $18.7 billion in revenue last year.

BMW Group has launched new connected vehicle technology in the U.S. in partnership with Verizon and KDDI. The collaboration brings 5G and IoT connectivity directly into newly manufactured BMW vehicles for telematics and infotainment services. The move marks a shift toward more integrated, software centric car services for Bayerische Motoren Werke customers. Bayerische Motoren Werke, traded as XTRA:BMW, is rolling out this connected vehicle platform as its shares trade around €57.32. The...

SpaceX shares fell back to Earth following their blockbuster initial public offering. T-Mobile has fallen slightly since SpaceX’s IPO in mid-June and is down 8% this year, partly due to worries about competition from Starlink. Shares of Verizon and AT&T as well as cable companies Comcast and Charter Communications have all slid since SpaceX went public.

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Verizon is preparing to announce another round of staff layoffs this Thursday as CEO Daniel Schulman targets $5 billion in operational budget cuts.

These stocks offer a good mix of dividends, growth, and long-term stability.

Wireless carrier Verizon will announce the reorganization plan Thursday morning. The company has been seeking to reduce costs under its new CEO.

Social Security's 2026 cost-of-living adjustment barely keeps pace with a grocery bill, but three dividend stocks have been outpacing it for decades with yields that range from nearly 4% to almost 7%.

San Francisco makes passive income math unforgiving. SmartAsset’s 2026 comfort-salary study estimates that a single adult needs about $134,950 in pretax income to live comfortably in the city, among the highest figures in the country. Turning that paycheck into dividend income is not just a yield exercise. The yield an investor reaches for changes both ... A Dividend Portfolio That Can Cover the Cost of Living in San Francisco

Recently, Zacks.com users have been paying close attention to Verizon (VZ). This makes it worthwhile to examine what the stock has in store.

Telecom stocks have been sinking recently on worries that Starlink could pose a threat to their businesses.