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☆ Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more
▼ + stars: | 2024-10-22 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

General Motors — The stock jumped more than 9% after the automaker posted better-than-expected third-quarter results and raised its full-year forecast. Verizon Communications — The telecommunications giant dipped 4% after posting third-quarter revenue of $33.33 billion, which came in below the $33.43 billion analysts polled by LSEG had expected. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts polled by LSEG estimated $9.02 billion. Meanwhile, adjusted earnings per share of $1.15 beat consensus forecasts by just 1 cent. Philip Morris International — The tobacco company popped nearly 9% after reporting third-quarter results that beat expectations.

Persons: FactSet, General Motors, LSEG, Philip Morris, Lockheed Martin —, Lockheed Martin, Zions, Sherwin, Williams, —, Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim Organizations: General, GM, Verizon Communications, GE Aerospace, LSEG, Philip Morris International, Lockheed, Citi, U.S, Global, Diagnostics, Norfolk Southern

☆ Tech execs from Salesforce and Qualcomm share their best practices for implementing AI in the workplace
▼ + stars: | 2024-10-15 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Tech execs discussed AI's role in the workplace at the trade show MWC Las Vegas. "And where I'm seeing a little bit more hesitation and where people really need to invest in their red-teaming efforts, really need to invest in their evaluation frameworks, is those large external-facing use cases that are actually going to touch millions of customers," Williams added. AdvertisementOthers cautioned about companies getting swept up in the AI boom and implementing AI just for the sake of it. In her keynote, Salesforce's Goldman concluded with the importance of "making sure that we're leveraging AI in service of human strengths." "To make AI work for our businesses, we have to first make sure it works for the people our businesses serve and the people our businesses employ," she said.

Persons: —, We've, Durga Malladi, Shankar Arumugavelu, Arumugavelu, Paula Goldman, Salesforce's, Goldman, Julian Williams, Williams, Piers Sanders, Salesforce's Goldman Organizations: Tech, MWC, Vegas, Service, Mobile, Congress, Verizon, Qualcomm, Verizon Global Services, AI, VC, MWC Las Vegas, Sand Technologies Locations: Anthropic

☆ How AI is changing business at telecom giants, according to Nvidia and Verizon execs
▼ + stars: | 2024-10-12 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

"There has never been a better or exciting time to be in the telecommunications industry," said Ronnie Vasishta, senior vice president of telecom at Nvidia. "AI will revolutionize telecommunications, and telecommunications will revolutionize AI." Verizon is using AI to "plan, build, and run our network; deliver differentiated customer and employee experiences; optimize internal processes; drive operational efficiencies," said Arumugavelu. AdvertisementOne way it's implementing the tech is by using AI computer vision, which allows computers to analyze and identify subjects in photos and videos, for geospatial intelligent cell site planning. Related storiesVerizon is also building a fully automated supply chain digital twin, which helps with monitoring inventory levels, Arumugavelu said, and using AI in workforce planning.

Persons: Execs, —, Ronnie Vasishta, Shankar Arumugavelu, Nvidia's Vasishta, Arumugavelu, Nvidia's Organizations: Telecommunications, MWC, Vegas, Service, Nvidia, Verizon, Mobile, Congress, Verizon Global Services

☆ Verizon's network down for thousands of users, Downdetector shows
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Verizon logo displayed on a laptop screen and a smartphone are seen in this illustration photo taken in Krakow, Poland on February 22, 2024. Verizon Communications' network was down for thousands of users on Monday, according to outage tracking website Downdetector.com. There were more than 100,000 incidents of people reporting issues with the telecom operator's services, according to Downdetector, which tracks outages by collating status reports from a number of sources, including user-submitted errors on its platform.

Organizations: Verizon, Verizon Communications Locations: Krakow, Poland

☆ Stocks making the biggest moves premarket: C3.ai, Tesla, JetBlue and more
▼ + stars: | 2024-09-05 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in premarket trading: C3.ai — The technology stock tumbled 19.2% after posting weaker-than-expected subscription revenue during the company's fiscal first quarter. C3.ai posted $73.5 million for the top line, while analysts polled by FactSet had penciled in $79.2 million. JetBlue said to expect somewhere between a loss of 2.5% and a gain of 1% relative to the same period a year ago. Verint earned an adjusted 49 cents per share on $210 million in revenue, while analysts surveyed by LSEG had anticipated 53 cents in earnings per share and $213 million in revenue. The company also announced it would be cutting 15% of its workforce and guided for fiscal third-quarter revenue much below analysts' forecasts.

Persons: FactSet, Tesla, Topgolf Callaway, Topgolf, Verint, LSEG, ChargePoint, Copart, Dick's, StoneCo, Morgan Stanley, —, Samantha Subin, Lisa Han, Sarah Min Organizations: Verizon, Frontier Communications, Frontier, JetBlue —, JetBlue, Callaway, Hewlett Packard Enterprise, Systems, Management, Dick's, Goods, JPMorgan Locations: Europe, China

☆ The 'crazy' fix for Google's monopoly that investors are whispering about
▼ + stars: | 2024-08-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

The idea is that the US would require Google to make its Search index publicly available for anyone to use. AdvertisementBots and indexesA Search index is created by a bot crawling the web and collecting keywords and other information from sites. Related storiesGoogle's Search index is the biggest in the world. The Search index as part of the public commonsWouldn't this be taking something that belongs to Google, though? In the same way Bing powers DuckDuckGo, Google's open index could power other rival search engines that could offer different approaches to Google's search engine.

Persons: —, It's, wouldn't, it's, Amit Mehta's, Bing, DuckDuckGo Organizations: Service, Justice Department, Business, Google, Rivals, Mobile Virtual Network, Verizon, DOJ

☆ Verizon sees early success using generative AI to answer questions from business customers
▼ + stars: | 2024-07-30 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +6 min

Verizon uses generative AI to reduce the workload from its high volume of business-related calls. Debika Bhattacharya, the chief technology-solutions officer at Verizon Business, said Verizon received 170 million calls from business and individual customers every year. Last year, the company added generative AI as another layer to help reduce the demands on customer-service agents and answer clients' questions faster. AI in actionIncorporating generative AI into its business-to-business customer-service strategy helps agents answer questions and resolve issues faster, Bhattacharya said. Bhattacharya said it's too early to share data about how generative AI was improving Verizon's business customer service.

Persons: —, Debika Bhattacharya, Bhattacharya, it's Organizations: Verizon, Service, Verizon Communications, Fortune, Verizon Business, hyperpersonalization, Telecom Locations: New York City

☆ Why the current job market has been such a bad match for the college degree and recent grads
▼ + stars: | 2024-07-14 | by ( Kevin Williams | ) www.cnbc.com time to read: +8 min

While searching for a job, Wells landed an internship in OSU's career services department, which helped her build a specialty in the niche field of counseling job seekers. A new bifurcation in strong labor market"What we are experiencing now is a bit of a bifurcation of the labor market. Schelling says the 2024 job market for grads is strong, but focusing too much on degree attainment alone is a mistake. Some labor market experts see burdensome application requirements among the undercurrents roiling an already difficult job market for grads. In the end, he says a grad's job market's prospects will vary depending on where they are, what they are applying for, and what they want.

Persons: Sean Astin, Jenny Flora Wells, Wells, grads, Rachel Sederberg, Sederberg, Cindy Meis, Meis, Christina Schelling, Schelling, Justin Marcus, Marcus Organizations: College of Arts and Sciences, UCLA's, Ohio State University, Stonehill College, Tippie College of Business, University of Iowa, Employers, grads, Big Locations: Los Angeles

Morgan Stanley hiked its price target on Nvidia to $144, implying upside of 16.5%. It also lifted its 12-month price target to $167 from $143, corresponding to 22% upside. Analyst Krisztina Katai stood by her buy rating for the retail giant but upped her price target to $77 from $71. Analyst James Schneider assigned the stock a 12-month price target of $50, which corresponds to a 21% increase from its Friday closing price. — Lisa Kailai Han 5:47 a.m.: Morgan Stanley hikes its Nvidia price target Nvidia should continue rising as its next generation of chips arrives, according to Morgan Stanley.

Persons: Morgan Stanley, Goldman Sachs, Alexander Blostein, Blostein, Lisa Kailai Han, Krisztina Katai, Katai, — Lisa Kailai Han, James Schneider, Schneider, Moore, Joseph Moore, Blackwell, Hopper, Nvidia's, BIRK, ramping, Jay Sole, Fred Imbert Organizations: CNBC, Nvidia, UBS, Exchange, Intercontinental Exchange, Nat Gas, ICE's Energy, Nat, ICE, Deutsche Bank, Walmart Deutsche Bank, Walmart, Verizon, Birkenstock Locations: Friday's, Asia

☆ AST SpaceMobile partners with Verizon, adding to AT&T coverage deal for satellite internet to phones
▼ + stars: | 2024-05-29 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Satellite-to-phones service provider AST SpaceMobile announced a partnership with Verizon on Wednesday, adding to the company's recent deal with AT&T to provide remote coverage across the United States. AST SpaceMobile is building satellites to provide broadband service to unmodified smartphones, in the nascent "direct-to-device" communications market. The company's chairman and CEO, Abel Avellan, touted AST's agreements with Verizon and AT&T as "essentially eliminating dead zones and empowering remote areas of the country with space-based connectivity." Verizon's deal effectively includes a $100 million raise for AST, as well, in the form of $65 million in commercial service prepayments and $35 million in debt via convertible notes. The companies said that $45 million of the prepayments "are subject to certain conditions" such as needed regulatory approvals and signing of a definitive commercial agreement.

Persons: Abel Avellan, Kalapala Organizations: AST, Verizon, AT Locations: United States

☆ Telecom firms say 5G is transforming industries from farming to manufacturing as they build in security from the start
▼ + stars: | 2024-05-24 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +8 min

With 5G, organizations now have faster internet speeds, expanded capabilities, and an additional avenue of connectivity. Telecom companies can also provide private 5G networks to businesses, offering them low latency and high bandwidth to transfer large volumes of data securely. For example, NTT, a Japanese telecom company, offers 5G services to consumers and private 5G services to businesses, particularly in the manufacturing and automotive industries. Increasingly, more cellular and Internet of Things devices are being connected to organizations' 5G networks, which means more opportunities for hackers if organizations don't properly manage their security. In the future, more security companies could focus on 5G security for cars, airplanes, medical devices, and more.

Persons: —, Christine Gadsby, Chris Novak, Novak, Shahid Ahmed, Gadsby, Casey Ellis, he's, Bugcrowd, Ellis, We're, Matsubara Organizations: RSA, 5G, Service, cybersecurity, Business, BlackBerry, Telecom, Verizon Business, NTT, Mobile Locations: San Francisco, Japanese, cybersecurity, China

☆ Verizon reports fewer quarterly subscriber losses on flexible plan demand
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: +2 min

It lost 68,000 monthly bill-paying wireless phone subscribers between January and March - a seasonally soft period for the industry after the holiday quarter. Verizon has also partnered with streaming services to attract customers. Verizon's consumer business saw its best first-quarter performance since 2018, with 158,000 wireless retail postpaid phone net losses, compared with 263,000 losses a year ago. The firm reported revenue of $33 billion for the quarter, compared with an LSEG estimate of $33.24 billion, as phone upgrade levels continued to drift lower. Excluding items, the company reported a profit of $1.15 per share, beating an LSEG estimate of $1.12 per share.

Persons: Max, Hans Vestberg, Verizon's Organizations: Verizon Communications, Netflix, Warner Bros, The, Verizon Locations: The New York

☆ Sweeping AT&T outage leads customers across the US to wake up without cellphone service
▼ + stars: | 2024-02-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

AT&T is experiencing a cell service outage in the US. Advertisement"Some of our customers are experiencing wireless service interruptions this morning," AT&T said in a statement to BI. Reports of service issues spiked on the outage-reporting website DownDetector around 8 a.m. Frustrated AT&T customers took to social media to complain to the company — or share memes about the outage. ^NiaM — AT&T (@ATT) February 22, 2024Some government services have also been impacted by the outage.

Persons: —, Lauren Schulz, Schulz Organizations: Service, Verizon, Mobile, Twitter, New York Police, CNN, NYPD Locations: San Francisco

☆ Top Wall Street analysts pick these 3 dividend stocks for the long haul
▼ + stars: | 2024-02-11 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Investors ought to consider the insight of top Wall Street pros as they hunt for dividend stocks with solid fundamentals. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Overall, he thinks that the company offers a compelling investment opportunity, given its high dividend yield and industry-leading position that enables it to benefit from long-term telecom trends. (See EPD Insider Trading Activity on TipRanks)MPLX LPOur third dividend pick is another midstream energy player, MPLX LP (MPLX). The analyst expects a cash distribution of $3.57 per unit in 2024 and $3.84 per unit in 2025.

Persons: Wall, Ivan Feinseth, TipRanks, Selman Akyol, Akyol, EPD, Elvira Scotto, Scotto Organizations: Verizon Communications, Tigress, Verizon, Enterprise Products, Enterprise Products Partners, Enterprise, MPLX, RBC Capital Locations: unitholders

☆ Verizon CEO: Building customized networks for the NFL and adding stadium capacity
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVerizon CEO: Building customized networks for the NFL and adding stadium capacityVerizon CEO Hans Vestberg joins 'Money Movers' to discuss why it's a good idea to buy a Super Bowl ad despite the high cost, Verizon's network capacity, and the goals of the new chief marketing officer.

Persons: Hans Vestberg Organizations: Verizon, NFL

☆ Companies can now help workers pay off student debt while saving for retirement—these 3 already offer the benefit
▼ + stars: | 2024-02-06 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

Over 43 million Americans currently have federal student loan debt. Offering a 401(k) match is a popular benefit: 98% of employers that offer 401(k) plans match some level of employee contributions, according to a 2013 survey of over 400 plan sponsors. At least three large employers — Abbott, Verizon and Chipotle — currently offer 401(k) matching for employees making student loan payments. The company recently created a blueprint detailing the advantages of offering a student loan repayment benefit and guidance for other organizations to design their own programs. Verizon: Secure Your FutureVerizon recently introduced a student loan payment match to help support its employees.

Persons: they're, — Abbott, Chipotle —, Abbott, We've, Mary Moreland, We're, Kevin Cammarata, Cammarata Organizations: Allianz Life, Verizon, Chipotle, Internal Revenue Service, Abbott, Employees, CNBC

Analyst Oliver Chen also maintained his buy rating for Ulta stock, simultaneously lifting his price target to $580 from $570. Deutsche Bank: Reiterate buy rating and $450 price target, implying 10% upside. Kallo's price target of $300 implies that Tesla stock could rally more than 56% from its Tuesday closing price. Citi analyst Christopher Danely also stood by his buy rating on the stock while lifting his price target to $192 from $136. Analyst Jeffrey Adelson downgraded the company to underweight from equal weight and cut his price target to $6.50 from $7.

Persons: Morgan Stanley, TD Cowen, Ulta, Oliver Chen, ULTA, Chen, — Lisa Kailai Han, Goldman Sachs, Kash Rangan, Baird, Tesla, Ben Kallo, Elon Musk's, Toshiya Hari, Hari, Christopher Danely, Vivek Arya, Danely, Arya, Harlan Sur, Kannan Venkateshwar, Venkateshwar, Eric Sheridan, Sheridan, Justin Post, Ross Sandler, Sandler, Ronald Josey, Josey, Morgan Stanley downgrades, Jeffrey Adelson, Adelson, SOFI, SoFi, Fred Imbert Organizations: CNBC, Google, Microsoft, SoFi Technologies, Deutsche Bank, Citi, Barclays, Tesla, Devices, Wall Street, AMD, Bank of America, Barclays downgrades Verizon Barclays, Verizon, Venkateshwar, Bulls, Morgan Stanley downgrades SoFi Locations: Ulta

☆ The CEO of Verizon's mobile unit has a bold ambition for salespeople and call centers in 2024
▼ + stars: | 2023-12-21 | by ( Josée Rose | ) www.businessinsider.com time to read: +7 min

He became the CEO of Verizon's consumer group, which includes its flagging mobile unit. As he took on his new role, Sampath worked at Verizon stores and one of the company's overseas call centers. There's uncertainty about the economy. There's uncertainty with elections looming, and it's going to be massively polarizing. AdvertisementYou will have companies that attract certain talent and companies that don't attract certain talent, and that's going to have long-term consequences.

Persons: —, Sampath, it's, what's, We'd, I've, there's, you've, They're Organizations: Service, Verizon, Business Locations: America

Though Apple's store only has a gift card promotion right now, several other retailers are offering much better Cyber Monday iPhone deals. The best Cyber Monday Apple iPhone deals come straight through carriers like AT&T and Verizon. It's worth noting that most Cyber Monday Apple iPhone deals aren't just a straight discount on the iPhone itself. To help, we've rounded up the best Cyber Monday iPhone deals below, as well as the stipulations some of them require. The best Cyber Monday Apple iPhone dealsSome Cyber Monday trade-in deals lead to huge discounts on iPhones, and many let you get an iPhone entirely for free.

Organizations: Verizon, Apple

☆ Black Friday Apple iPhone deals: Get a free iPhone 15 model with trade-in
▼ + stars: | 2023-11-24 | by ( Antonio Villas-Boas | John Lynch | ) www.businessinsider.com time to read: +2 min

However, that doesn't stop other retailers from having their own Black Friday Apple iPhone deals. The best Black Friday Apple iPhone deals come from carriers like Verizon and AT&T. Black Friday Apple iPhone deals from any retailers, including carriers, aren't typically a straightforward discount on an iPhone. The best Black Friday Apple iPhone dealsThe reward of going through one of these hurdles can easily be worth it. The free Apple Watch and iPad is incredibly generous, but the data plan requirement for each is a catch to consider.

Organizations: Apple, Verizon, AT, T, Apple Watch

☆ Case Study: Verizon's Data-Driven Succession Planning
▼ + stars: | 2023-11-20 | by ( Morgan Brennan | ) www.cnbc.com time to read: 1 min

To achieve Verizon's business imperatives and deepen bench strength, the telecom giant set out to evolve its approach to executive talent management. Verizon partnered with Censia using their pioneering AI driven, talent intelligence platform to apply an "external lens" and provide insights that informed strategic talent plans and opportunities. Verizon's SVP & Chief Talent & Diversity Officer and WEC member, Christina Schelling, and Censia President of Executive Intelligence, Monica Bua, join us to discuss how over the last 12 months, executing their new data-driven strategy, Verizon has successfully delivered the leadership foundation for competitive advantage and sustained growth.

Persons: Christina Schelling, Monica Bua Organizations: Verizon, Censia, SVP, Chief Talent, Diversity, WEC, Executive Intelligence

☆ Comcast revenue and profit top estimates as Universal theme park sales soar
▼ + stars: | 2023-10-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Comcast topped both revenue and profit estimates in the third quarter, but the largest U.S. internet provider lost high-speed broadband customers and NBCUniversal advertising revenue slumped. NBCUniversal's flagship streaming service Peacock added 4 million subscribers and revenue increased 64% to $830 million, stemming the subscription service's quarterly loss to $565 million. Revenue rose 0.9% compared to the prior year period. U.S. broadband revenue rose 3.8% to $6.4 billion even as subscribers fell due to higher rates. Wireless revenue rose 16% to $917 million in the quarter on a net addition of 294,000 customers.

Persons: Peacock, Read Organizations: NINTENDO, Universal Studios Hollywood, Comcast, LSEG, Sky, Sky . Revenue, Super Nintendo, U.S Locations: Universal City , California, Sky .

☆ Verizon raises free cash flow forecast as subscriber additions top estimates
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

The company now expects annual free cash flow (FCF) to be higher than $18 billion, at least a $1 billion increase from its prior forecast. Its third-quarter FCF of $6.7 billion beat estimates by more than $1.3 billion, according to Visible Alpha. Shares of the New York-based telecom company, which has benefited from price increases and customers migrating to higher-tiered unlimited plans, rose more than 4% in premarket trading. Rival AT&T (T.N) raised its annual FCF forecast last week and trounced Wall Street estimates for subscriber additions. Verizon's revenue fell 2.6% to $33.3 billion in the three months to September, but was in-line with analysts' average estimate of $33.25 billion, according to LSEG data.

Persons: Brendan McDermid, Samrhitha, Vinay Dwivedi Organizations: Verizon, REUTERS, U.S, Alpha, Wall, Mobile, Thomson Locations: New York City, U.S, York, Bengaluru

☆ Meet the candidates in the running to replace James Gorman as Morgan Stanley's CEO
▼ + stars: | 2023-10-20 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

Morgan Stanley CEO James Gorman plans to retire by May 2024, leaving big shoes to fill. AdvertisementAdvertisementSuccession has traditionally been a bloody sport on Wall Street with the losers leaving and taking their lieutenants with them. Morgan Stanley CEO James Gorman, who plans to retire by May 2024, wants the buck the trend so the bank can hold onto all three candidates. "Wall Street has had a history of that not happening," said Gorman in a July earnings call. With Morgan Stanley at the top of its game, breaking up this well-oiled team could be disastrous.

Persons: Morgan Stanley, James Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, —, Gorman, Morgan, Ted, He's, Tony James, Morgan Stanley's, Pick, Simkowitz, Dodd, Frank, Fannie Mae, Freddie Mac, Dan, Andy Saperstein Saperstein, Merrill Lynch, Bloomberg, Hayley Cuccinello Organizations: Service, Archegos Capital Management, Washington , D.C, Federal Reserve, Treasury, General Motors, AIG, Citigroup, McKinsey, Staten, Disney, Hamptons Locations: Washington ,, hcuccinello@insider.com

☆ Verizon's CEO has been tracking his mood out of 10 in a spreadsheet every day since 2009, and if he gives himself less than 3, he works alone for the day
▼ + stars: | 2023-09-26 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Verizon's CEO Hans Vestman ranks his mood from one to 10 every day to get into the right mindset for work. "If you want to lead other people, you need to start with yourself," Vestman said at a Fast Company event. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementVerizon's CEO revealed that he adopted an unusual strategy to stay at the top of his game at work, including tracking his daily mood in a spreadsheet for over a decade.

Persons: Hans Vestman, Vestman, —, Stephanie Mehta, Vestberg Organizations: Verizon, Service, Mansueto, CNBC, Ericsson Locations: New York

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