Verizon wireless subscriber growth hits 5-yr high, profit view weak
By Harshita Mary Varghese (Reuters) -Verizon Communications on Friday reported its best quarterly wireless subscriber growth in five years, fueled by robust demand for its customizable myPlan, Black Friday deals and trade-in offers for the AI-powered iPhone 16 series. The strong growth
US existing home sales rise to 10-month high in December
By Lucia Mutikani WASHINGTON (Reuters) – U.S. existing home sales increased to a 10-month high in December, but further gains are likely to be limited by elevated mortgage rates and house prices, which are keeping many prospective buyers on the sidelines. Home
Meta to spend up to $65 billion this year to power AI goals, Zuckerberg says
(Reuters) -Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said on Friday, joining a wave of Big Tech firms unveiling hefty investments to capitalize on the technology. As
AT&T secures $850 million from sale-leaseback of real estate to Reign Capital
(Reuters) -AT&T said on Friday it has secured $850 million through the sale-leaseback of its underused central office facilities that house its legacy copper networks to real estate development firm Reign Capital. The U.S. telecom major is planning to exit
More rate hikes likely coming in Brazil as inflation overshoots forecasts
SAO PAULO (Reuters) – Brazil’s annual inflation rate slowed less than expected in early January, official data showed on Friday, cementing the likelihood that the central bank will hike interest rates by 100 basis points at its meeting next week. Consumer