business

4/22/25

Verizon slumps after postpaid phone subscribers fall by more than anticipated

Shares of Verizon sank 4% in premarket trading after its first-quarter results showed a drop of 289,000 postpaid phone subscribers. Analysts had been anticipating a decline of 185,471.

For the quarter, Verizon reported total operating revenue of $33.5 billion, up 1.5% year over year, slightly better than the FactSet analyst consensus of $33.2 billion.

Earnings per share came in at $1.19, beating consensus estimates of $1.15. Net income for the quarter was $5 billion.

Management also reaffirmed their full-year guidance, but with a big caveat: the outlook “does not reflect any assumptions regarding the potential impacts of the evolving tariff environment.”

Last month the company cautioned that weaker sales could ding Q1 2025 numbers, and they were right.

Total postpaid phone net additions (new monthly subscriptions, less lost customers) were down 289,000, compared to a loss of 114,000 for the same period in 2024.

Verizon expects to close on its $20 billion purchase of Frontier at the end of the year, adding 2.2 million new fiber subscribers.

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As tariffs take root, August new vehicle prices climb by the most in more than 2 years

According to data from Cox Automotive, 17 vehicle brands raised prices of their new vehicles by more than 3% in August.

Ford Issues Recalls On Some Of Its Mach-E Mustangs And Aviators

Netflix taps Amazon to sell streaming ads in new partnership

Starting this fall, brands will be able to access Netflix’s premium ad slots using Amazon’s buying tech.

Netflix Headquarters

Bank branches are still closing at breakneck speed in the US

Institutions like Chase and Wells Fargo closed 76 locations in just six weeks over the summer, per the OCC.

Indianapolis - March 2016: Chase Bank III

business

9/9/25

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

9/9/25

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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