News Formal

AT&T, Netflix, BuzzFeed: Stocks That Defined the Week

  • 📰 WSJ
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

AT&T, Netflix, Buzzfeed and other key stocks that defined the week

Some investors hung up on AT&T Thursday. The telecom heavyweight said it saw signs of businesses and consumers.

Corporate cost-cutting and layoffs are weighing on business demand for wireless plans, and some Americans—particularly those with lower incomes—are tightening their budgets and delaying upgrades. AT&T shares dropped 10% Thursday—the largest percentage decrease since Dec. 19, 2000—while Verizon Communications Inc. lost 3.7% and T-Mobile US Inc. fell 1.9%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BuzzFeed News Is Shutting Down, Company Laying Off 180 StaffersBuzzFeed is shutting down BuzzFeed News because it is not able to turn a profit, according to a memo CEO Jonah Peretti sent to company staff Thursday. The digital publisher is laying off 15% of its employees, or about 180 people, across BuzzFeed News and other divisions. Going forward, BuzzFeed will concentrate its news efforts […]
Source: YahooNews - 🏆 380. / 59 Read more »