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Investing.com -- U.S. wireless stocks tumbled Tuesday after SpaceX signaled plans to build a full-fledged mobile service, raising the prospect that Starlink could eventually compete directly with Verizon, AT&T and T-Mobile.
Traditional U.S. wireless carriers are bracing for aggressive competition as SpaceX plans to expand beyond satellite coverage to build a full-scale terrestrial mobile network.
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
According to a new Morningstar research report, Verizon Communications stock has a fair value estimate of $54, implying an upside of more than 23% from its last close.
Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber ga
Telecommunications giant Verizon (NYSE:VZ) fell short of the market’s revenue expectations in Q2 CY2026, with sales flat year on year at $34.25 billion. Its non-GAAP profit of $1.30 per share was 2.7% above analysts’ consensus estimates.
Verizon Communications (VZ) is in the middle of a broad reset, selling 274 company-owned stores, cutting jobs, relying more on franchises, and promoting new products such as the Gizmo Watch 4 as quarterly earnings approach. See our latest analysis for Verizon Communications. Against this backdrop of store sales, cost cuts and new product launches, Verizon Communications' share price has moved to $44.29, with a 7 day share price return of 3.41% but a 90 day share price return that declined...
Verizon is discontinuing a customer support option it has offered for 18 years, a move that comes after recently announcing a series of layoffs. The carrier has undergone a transformation under new CEO Dan Schulman in recent months as it works to slow customer losses in its wireless business. This ...
T-Mobile stock fell despite its Q2 earnings beat. Management rejected an expanded Starlink partnership, saying it would not create value.
AT&T just posted its fifth straight earnings beat while adding over a million new accounts, yet its stock sits near a multiyear low as Starlink looms. CEO John Stankey says satellite competitors are decades too late to matter, but Wall Street analysts are not so sure.
Wall Street stocks looked set for a weaker open on Wednesday as investors lock in profits in technology stocks ahead of crucial earnings from Google owner Alphabet and Tesla, while escalating tensions in the Middle East push oil prices to six-week highs. Dow Jones futures were down 0.2%,...
Verizon will sell 274 stores and cut 500 office jobs as it shrinks its retail footprint and continues a broader restructuring.
All of these underlying businesses have one obvious thing in common.
AST SpaceMobile has announced a $1 billion convertible offering triggering dilution concerns among investors.
US equities (^DJI, ^IXIC, ^GSPC) closed Friday's session in negative territory — led by the Nasdaq Composite's 1.4% drop — all three of the market indexes seeing weekly losses amid the recent sell-off in semiconductor stocks. Yahoo Finance Markets and Data Editor Jared Blikre examines the day's market moves, taking a closer look at the losses in semiconductor stocks and the gains seen across the software landscape.
The news comes several months after Verizon laid off 13,000 workers at the end of last year, signaling major strategy shifts for CEO Dan Schulman.
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 company will retain roughly 1,000 corporate-owned stores after the divestiture, which takes effect Aug. 16
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.
Apple Faces Rare Underweight Rating as Price Hikes Raise Demand Fears
Verizon is preparing to announce another round of staff layoffs this Thursday as CEO Daniel Schulman targets $5 billion in operational budget cuts.
Wireless carrier Verizon will announce the reorganization plan Thursday morning. The company has been seeking to reduce costs under its new CEO.
Bernstein cut price targets on AT&T, T-Mobile and Verizon on views Elon Musk's Starlink poses a competitive threat. SpaceX stock fell.
VZ's broadband gains, AI initiatives and convergence strategy support long-term growth, but can the recent share decline offer a buying opportunity?
US markets are set for a mixed open on Tuesday, with technology stocks expected to come under pressure after Samsung delivered record quarterly profits that still failed to satisfy investors, raising fresh questions about AI valuations. Nasdaq futures were down 1.1% ahead of the opening bell,...
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