AT&T beats profit estimates as phone discounts diminish
AT&T Inc. is getting a profit boost thanks to an industrywide shift, led by smaller rival T-Mobile US Inc., away from selling phones below cost.
April 24 (Bloomberg) -- More Americans than forecast filed applications for unemployment benefits last week as the Easter holiday period made it more difficult to adjust the data for seasonal variations.
April 24 (Bloomberg) -- Orders placed with American factories for durable goods such as cars and computers rose more than forecast in March, pointing to faster production that will help spur the economy.
April 24 (Bloomberg) -- U.S. stock-index futures advanced and technology shares rallied in pre-market trading as better- than-estimated earnings from Apple Inc. and Facebook Inc. boosted optimism equity gains will continue.
April 24 (Bloomberg) -- West Texas Intermediate traded near the lowest in more than two weeks as crude inventories increased to the highest level in 83 years in the U.S., the world’s biggest oil consumer. Brent was steady in London.
Qualcomm Inc., the world’s largest maker of mobile-phone chips, forecast fiscal third-quarter sales and profit that may miss analysts’ estimates as handset makers sell fewer phones based on older technology.
AT&T Inc. is getting a profit boost thanks to an industrywide shift, led by smaller rival T-Mobile US Inc., away from selling phones below cost.
Watching “House of Cards” on Netflix is about to get more expensive, and investors are cheering.
Editor’s note: This story previously appeared in the 2014 edition of Young Influentials.
April 24 (Bloomberg) -- Orders placed with American factories for durable goods such as cars and computers rose more than forecast in March, pointing to faster production that will help spur the economy.
April 24 (Bloomberg) -- U.S. stock-index futures advanced and technology shares rallied in pre-market trading as better- than-estimated earnings from Apple Inc. and Facebook Inc. boosted optimism equity gains will continue.
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