Verizon Posts Worst Day Since 2002 as Starlink Plans Hit Telecom Stocks
Verizon fell 8.75%, its worst day since 2002, while AT&T and T-Mobile suffered historic losses as SpaceX’s Starlink mobile plans rattled telecom stocks.
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Latest News
Slush Unveils 20 Under 20, Spotlighting Teenage Founders and Career Paths
Slush’s debut 20 Under 20 cohort highlights young builders, while raising questions about education, startup funding and the timing of a career.
Netflix Stock in Focus as Puck Reports Planned 5% Job Cut
Netflix shares edged lower as Puck reported a planned 5% workforce cut, putting costs, margins and the October 20 earnings outlook in focus.
OpenAI Expects $70 Billion Revenue Run Rate by End of 2026
OpenAI reportedly targets at least $70 billion in annualized revenue by year-end, up from a roughly $50 billion pace at September’s close.
Nasdaq CEO Says Tokenization Could Free Tens of Billions in Capital
Adena Friedman sees a major opportunity in moving collateral more efficiently, but continuous markets will require new risk and settlement systems.
Apple Stock Slips as Nikkei Reports iPhone 18 Pro Order Cuts
Apple stock slipped about 0.8% in overnight trading as Nikkei reported cuts to iPhone 18 Pro and Pro Max component orders amid softer demand.
AT&T Drops 7.5% as Verizon and T-Mobile Slide on Starlink Mobile Plans
AT&T fell about 7.5%, while Verizon and T-Mobile lost around 6.6% after hours as SpaceX’s new spectrum deal raised U.S. mobile competition concerns.
SpaceX Advances Starlink Mobile Carrier Plans With FCC Satellite Approval
SpaceX’s Starlink mobile ambitions move closer after the FCC cleared 15,000 satellites and a waiver enabling service on company-controlled spectrum.
OpenAI Revenue Run Rate Nears $50 Billion, Below Earlier $70 Billion Reports
OpenAI’s annualized revenue neared $50 billion at September’s end, with partner-sales accounting explaining the gap from earlier $70 billion reports.
Chipotle Rises 6%, Starbucks Falls 4% on Takeover Report
Chipotle shares jumped while Starbucks slid as investors weighed a reported takeover, financing risks and Brian Niccol’s ties to both chains.
Justin Sun Predicts Traditional Banks Will Fade as Finance Moves Onchain
TRON founder Justin Sun predicts younger users will move away from banks, while lenders build blockchain payment systems of their own.
EA Bondholders Allege Default After $55 Billion Buyout
Creditors holding $1.4 billion of EA bonds are seeking repayment at 101% of face value, challenging a Treasury-backed alternative after the publisher’s buyout.