AT&T, Verizon Raise Prices and Test Consumer Budgets
AT&T, Verizon Raise Prices and Test Consumer Budgets
Telecommunications equipment
Blackberry stock slips after results top Street view
BlackBerry Ltd. shares ticked lower in the extended session Thursday after the cybersecurity and IoT company posted a slight beat to Wall Street expectations. BlackBerry BB, +0.94% shares declined 1.5% after hours, following a 0.9% rise in the regular session to close at $5.37. The company reported a first-quarter loss of $181 million, or a … Read more
Apple Boosting Pay Budget for Workers Amid Tight Labor Market
Apple Inc. AAPL 0.11% is boosting pay for workers amid rising inflation, a tight labor market and unionization pushes among hourly store employees. The iPhone maker on Wednesday told employees in an email that the company is increasing its overall compensation budget. Starting pay for hourly workers in the U.S. will rise to $22 an … Read more
Apple Looks to Boost Production Outside China
TOKYO— Apple Inc. has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said. India and Vietnam, already sites for a small portion of Apple’s global production, are among the countries getting a closer look from the … Read more
Why Cisco’s Earnings Are Causing Networking Stocks Juniper and Broadcom to Sink
Text size A weak sales forecast from Cisco sends shares of other networking companies tumbling. Justin Sullivan/Getty Images Shares of Cisco Systems were sharply lower Thursday after the networking gear maker issued a weak sales forecast for its current quarter. The warning sent stocks of other networking companies tumbling. Cisco (ticker: CSCO) said it expects … Read more