VZ - Verizon Communications Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
57.58
+0.39 (+0.68%)
At close: 3:59PM EDT

57.58 0.00 (0.00%)
After hours: 4:06PM EDT

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Previous Close57.19
Open57.29
Bid57.54 x 1400
Ask57.55 x 2200
Day's Range57.19 - 57.80
52 Week Range50.05 - 61.58
Volume9,996,806
Avg. Volume13,458,554
Market Cap238.134B
Beta (3Y Monthly)0.51
PE Ratio (TTM)14.87
EPS (TTM)3.87
Earnings DateAug 1, 2019
Forward Dividend & Yield2.41 (4.21%)
Ex-Dividend Date2019-07-09
1y Target Est59.71
Trade prices are not sourced from all markets
  • GlobeNewswire6 hours ago

    Verizon and Ericsson first in the world to introduce cloud-native technology in a live wireless core network environment

    In a proof-of-concept trial in a live network environment, Verizon and Ericsson have introduced cloud native, container based technology on the core of Verizon’s active network.  This trial, the first container-based wireless EPC (Evolved Packet Core) technology deployment in a live network in the world, introduces a much more efficient way to deliver operational applications that run the network.  It is a solution that will increase agility and enable deployment at scale for new services in 4G and 5G. “The pace of technological advancement is rapid and is exponentially increasing.  By evolving our core network past simply using virtualized machines and instead changing our underlying software architecture to run on cloud-native technology, we are able to achieve new levels of operational automation, flexibility and adaptability,” said Bill Stone, Vice President of Technology Development and Planning for Verizon.

  • GlobeNewswire8 hours ago

    Verizon to redeem select Verizon InterNotes® due 2022-2029

    NEW YORK, July 15, 2019 -- Verizon Communications Inc. (NYSE, NASDAQ: VZ) today announced that it will redeem the following outstanding notes (the “Notes”) on August 15, 2019.

  • GlobeNewswire22 hours ago

    As network performance stands strong, Verizon expands and extends unlimited calling, text and data for customers impacted by Hurricane Barry

    While the rain continues to fall and waters rise, Verizon continues to keep loved ones and first responders connected with strong network performance at typical non-storm levels. As anticipated, flood waters are impacting the entire area and commercial power is out in many places throughout Louisiana, but back-up generators are running, providing power to our cell sites, and we have begun to refuel those generators to ensure facilities continue operating normally. Verizon is extending unlimited calling, texting and data to our postpaid, prepaid and small business customers impacted by the storm in the following 12 parishes through Friday, July 19: Assumption, Jefferson, Lafourche, Orleans, Plaquemines, Saint Bernard, Saint Charles, Saint James, Saint John the Baptist, Saint Martin, Saint Mary and Terrebonne.

  • U.S. Antitrust Boss Playing Kingmaker in T-Mobile’s Deal for Sprint
    Bloomberg2 days ago

    U.S. Antitrust Boss Playing Kingmaker in T-Mobile’s Deal for Sprint

    (Bloomberg) -- Makan Delrahim, the U.S. Justice Department’s antitrust chief, is trying to shape a deal combining T-Mobile US Inc. and Sprint Corp. that he can pitch as a win for consumers. Here’s how he may do it.If the $26.5 billion deal is approved, it’s likely to include conditions that give satellite TV provider Dish Network Corp. enough airwaves, prepaid customers and network access to emerge as a new national wireless competitor.That would allow T-Mobile and financially struggling Sprint to merge and create a stronger No. 3 rival to AT&T Inc. and Verizon Communications Inc. Dish’s role would satisfy the government’s longstanding demand that there be four national mobile-service companies remaining.“The right deal could be a genuine win for consumers, and if Delrahim structures it right, the facts and history will stand by him,” said Jonathan Chaplin, an analyst with New Street Research LLC.The Justice Department is nearing a final decision. While the broad outline of an accord has been established, key issues are still being debated -- including possible limits on Dish’s ambitions as a wireless carrier. The company owns billions of dollars in unused airwaves that could be tapped to create an even more formidable competitor if it’s free to obtain sufficient outside investment to build its own network, according to people familiar with the matter.Under that broad outline, Sprint’s airwaves would land in more financially stable hands. The No. 4 U.S. carrier has the most mobile-phone spectrum in the U.S. but has limited ability to build a network given its years of losses and financial constraints. Combining with No. 3 T-Mobile would solve those problems.Opponents LurkEven if Delrahim gives his blessing, he’ll still have to convince opponents that consumers won’t see higher prices and fewer choices. One point he’ll likely to highlight is that the deal provides a path to putting Dish’s trove of airwaves to work. The department declined to comment.Skeptics point out that the track record for competitors created by divestitures has been dismal. French communications firm Iliad SA became Italy’s fourth carrier last year after buying assets divested by two larger rivals that merged. Iliad had an initial surge in subscriber growth, followed by a slowdown across the sector.“The premise that this deal will be good for everyone may be a little overly optimistic,” said Phil Berenbroick of Public Knowledge, a consumer advocacy group in Washington. “It’s obvious how harmful they think the deal is if they have to create a remedy as extravagant as this.”New KidThe shift to wireless will be a challenge for Dish, which is better known as the second-largest U.S. satellite TV provider. Dish has no experience selling phones or operating a mobile service. As part of the deal taking shape, the company would take over fewer than 9 million prepaid customers from Sprint to get its wireless business started. But that’s a tiny runway to competing against incumbent carriers with 10 times more subscribers.The future looks better for T-Mobile. With Sprint’s spectrum, it will have nearly twice the wireless capacity of any other carrier. The company’s cost per gigabyte, a measure of how expensive it is to deliver service, will be cut in half, Chaplin said.“If that isn’t a recipe for lower prices and share gains, I don’t know what is,” he said.Judgment DayThe merger has already won a nod from the chairman of the Federal Communications Commission, provided the combined company divests its Boost prepaid business, freezes prices and deploys a 5G network that would cover 99% of the U.S. population within six years.If the Justice Department approves, T-Mobile and Sprint would gain an important ally as they fight a lawsuit challenging the merger brought in June by 13 states and the District of Columbia. The states argue the tie-up will harm competition and lead to higher prices.Chaplin said investors may provide a crucial clue when the Justice Department announces its now-expected approval.“Watch what happens to the stock price of AT&T and Verizon on the day the deal is announced,” he said. “That will be the best litmus test of whether the deal is good for consumers, or not. If their stock prices fall, it is probably a good deal for consumers.”\--With assistance from Todd Shields.To contact the reporters on this story: Scott Moritz in New York at smoritz6@bloomberg.net;David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire3 days ago

    Verizon provides unlimited calling, texting and data to customers impacted by Tropical Storm Barry in Louisiana

    Verizon Foundation makes $25,000 donation to Louisiana's Rapid Relief Fund **Editor’s Note: To access images and b-roll of past storms, Verizon equipment, recovery efforts and.

  • GlobeNewswire3 days ago

    Verizon is ready to keep first responders, businesses and people, connected as Tropical Storm Barry approaches the Gulf Coast

    As the first major tropical depression of the season makes its way toward the Gulf Coast, the region is bracing for the direct impact of the storm.  Whether stocking up on food and water, sandbagging property, reviewing evacuation routes or preparing communications plans, residents and first responders are readying for the weather, and so are we.  We are committed to keeping consumers, first responders, public safety teams and enterprise customers connected to loved ones and emergency resources when they need us most.

  • Stock Showdown: AT&T Stock and Verizon Are Both Risky Plays
    InvestorPlace3 days ago

    Stock Showdown: AT&T Stock and Verizon Are Both Risky Plays

    When it comes to finding great dividends, the telecoms can't be beat. Thanks to their stable demand and fixed operating costs, the major telecommunication providers have long been able to provide their investors with a steady income and high yields. That's certainly been true for giants AT&T (NYSE:T) and Verizon (NYSE:VZ) over the last decade or so. And, as a result, both VZ and T stock have become staples of many retirees' portfolios.Source: Shutterstock However, growth at both AT&T and Verizon has slowed in recent years. Wireless saturation is near 100% and upstarts like T-Mobile (NASDAQ:TMUS) have driven down prices for wireless and data plans. That hit T & VZ right in their wallets. To compensate for that, each telecom took a similar, yet different path to finding future growth.The question now is: which of the two major telecom stocks -- AT&T or Verizon -- makes more sense for your portfolio today?InvestorPlace - Stock Market News, Stock Advice & Trading Tips VZ & T Stock Make Some Big MovesThese days, investors can't think of Verizon or AT&T as strictly old-fashioned telecoms. It's no secret that landline usage has fallen off the map. Meanwhile, new wireless subscriber growth has basically flatlined. At this point, everyone has a smartphone and perhaps a secondary device hooked up to wireless networks. Moreover, thanks to fungibility among carriers and price wars, consumers are able to switch with ease. Because of this, the major U.S. telecoms like T and VZ have had to look elsewhere for growth. * 10 Stocks to Sell for an Economic Slowdown For AT&T, that meant becoming a media powerhouse. Cable television provider Comcast (NASDAQ:CMCSA) set the trend when it purchased NBCUniversal. T followed a similar playbook by adding exposure to cable with its buyout of DirecTV. These gave the ability to offer triple-play services as well as wireless service to its consumers. Like CMCSA, AT&T then added content origination with its mega-sized buyout of Time Warner. This acquisition gave T ownership of HBO, Turner Broadcasting as well as Warner Bros. entire movie catalog. The idea was that AT&T could now bundle original content with its own private network of mobile/wireless video and satellite services.Verizon is playing in the same sandbox, albeit it's building a different castle. VZ decided to go hard into web properties. This included buying AOL and Yahoo. The idea was that the firm could become a major player in digital advertising and the mobile web. The firm also beefed its other tech operations with Telogis and Fleetmatics Group. These cloud operations allowed businesses to take advantage of fleet operations software that can be used on VZ's wide and high-speed wireless networks. Not What VZ Stock & T Stock Bargained ForAs you can see, the shift in both AT&T and Verizon was designed to offer tangential services using their huge networks. T was setting itself to be an all-in-one media and content provider. It would make the movies and then distribute them over its satellite and mobile video operations. And there would be some exclusivity in that. AT&T recently unveiled its plans for its own streaming service to accomplish this goal. VZ went hard into the lucrative world of digital advertising, data mining and cloud services.Unfortunately, neither operation has proved too fruitful for either T or VZ.The combination of AOL and Yahoo is basically worthless for Verizon. At the end of last year, the firm wrote down the goodwill of the deals by just under half -- or a whopping a $4.6 billion. And the hits kept coming. Verizon Media showed a big 7.2% decline in year-over-year revenues. The company specifically blamed lower ad revenues for the dip.Things haven't been great for AT&T either. It turns out providing cable services is just as sticky as providing wireless ones. People continue to cut the cord at a fevered pace and adopt streaming instead. That's hurt DirecTV in a big way. The firm has lost nearly 1.3 million video subscribers over the last two quarters. It's streaming service -- DirecTV Now -- has lost nearly 20% of its total net subscribers in the last 6 months. This is a huge issue if your entire M.O. was getting people to watch your produced, movies and T.V. shows on your exclusive networks. The firm continues to bleed traditional cable subscribers -- via its U-Verse business -- as well.So, neither transition is working out the way AT&T and Verizon planned. To make matters worse, both stocks are now heavily indebted because of the buyouts, mergers and plans to change their business model. At the end of March, T had more than $169 billion in debt on its balance sheet. Verizon is doing a tad better at $113 billion. That's a major problem for both stocks if these efforts don't pan out. Should You Buy T Stock or VZ Stock?Given the struggles at both AT&T and Verizon, neither one makes a compelling purchase right now. Those debt loads are pretty scary considering the assets used to make them aren't performing as planned. Honestly, I'd be worried about their dividends -- the reason why people buy them in the first place -- if things don't improve.But if I had to make the decision today, I'd most likely go with Verizon. The firm has at least acknowledged that its move in advertising was a poor choice and has removed the Band-Aid on these operations. The write-downs, layoffs and cost-cutting efforts will make it much easier for the firm to bounce back. And these brands -- like Tech Crunch and the Huff Po -- are valuable to someone, if it decides to sell them. Meanwhile, it's gone gung-ho on its 5G network services. * 7 Stocks to Buy for Monster Growth in the Second Half of 2019 On the flip side, AT&T has decided to double-down on its problems -- launching four different streaming services in a bid to regain customers.In the end, both major telecoms have plenty of warts and may not be big buys at all. But if investors were looking at them both, VZ stock gets the slight nod over T stock.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. The post Stock Showdown: AT&T Stock and Verizon Are Both Risky Plays appeared first on InvestorPlace.

  • Benzinga4 days ago

    Verizon CEO Talks 5G, China, Trade And More In CNBC Interview

    Verizon Communications Inc. (NYSE: VZ ) CEO Hans Vestberg spoke with CNBC's Julia Boorstin from the sidelines of the Allen & Co. Conference in a conversation touching on issues affecting the telecom space. ...

  • Exclusive: Verizon sought buyers for Yahoo Finance - sources
    Reuters4 days ago

    Exclusive: Verizon sought buyers for Yahoo Finance - sources

    While the U.S. wireless carrier never launched an official sales process, it quietly solicited interest in Yahoo Finance even as it was revamping its media division, previously named Oath and recently renamed Verizon Media. Yahoo has emerged as the centerpiece of Verizon Media's plans to rescue the once-dominant collection of internet assets which has been in decline since the late 2000s. "We do not comment on rumors and speculation," Verizon Media said in a statement on Thursday.

  • Alibaba Stock Cools, but July’s Loss Likely to Prove a Blip
    InvestorPlace4 days ago

    Alibaba Stock Cools, but July’s Loss Likely to Prove a Blip

    Alibaba (NYSE:BABA) closed on Wednesday at $166.93, slipping 1.11% on the day. That continues a downward trend for the past week, but investors shouldn't be overly concerned.Source: Shutterstock Since the start of June and into early July, Alibaba stock has been recovering from a miserable May. Even with yesterday's loss, BABA stock price is up nearly 11% compared to where it was May 31. * 10 Stocks to Sell for an Economic Slowdown There are more positives to look forward to over the next month or so, including an earnings report in August that's expected to deliver good news for Alibaba investors.InvestorPlace - Stock Market News, Stock Advice & Trading Tips May Was a Wretched Month for Alibaba StockAfter starting the month with modest growth, BABA stock slipped over the past week. Wednesday's 1.11% slide contributed to an overall drop nearing 5% compared to the $175.45 Alibaba stock closed at on July 2. However, this has been a minor setback compared to the 21% plunge investors faced through the month of May.At that point, tensions between the U.S. and China had escalated. The trade war between the countries was threatening to heat up with new rounds of tariffs. Online commerce is Alibaba's core business, and the fear that a full-blown trade war would hurt economic growth in China -- and therefore impact spending by Chinese consumers -- was a big concern. Nervous investors dumped BABA stock.Adding to the situation in May was fallout from the Verizon (NYSE:VZ) and Yahoo deal. On May 15, the fund created to hold Yahoo's Alibaba stock announced it would begin selling off those shares on May 20. The prospect of a flood of shares hitting the market only added to the BABA stock price downward spiral that month. Positives for Alibaba Stock and InvestorsWhile several factors combined to hit Alibaba stock hard in May -- knocking it back 21% in the month -- investors have seen more positives in the company since then and there should be more good news on the horizon.Midway through June, BABA stock got a boost following confirmation the company was filing for a listing on the Hong Kong stock market. The move will allow mainland Chinese investors to buy shares in the company, and it's expected it could put $20 billion in the company's coffers. Not quite as spectacular as Alibaba's record setting $25 billion IPO on the New York Stock Exchange, but enough to inspire investor confidence.In addition, the company will report earnings in August and it is expected that there will be positive news for investors. When the company last reported earnings in March, revenue was up 52% year-over-year, with both revenue and EPS significantly exceeding analyst expectations. In addition, the company's cloud computing unit saw 76% growth on the quarter and grew its share of the Asian market -- while Amazon's (NYSE:BABA) AWS lost ground in the region.Last August, Alibaba caught analysts off guard with a mixed earnings report that included 61% growth in revenue, but an earnings miss. As a result Alibaba stock dropped over 2%. This time around (BABA is expected to report earnings on August 22), analysts are looking for big revenue growth, continued strength in that cloud computing business and $1.13 EPS, compared to the $0.66 EPS the company delivered last August.So long as Alibaba hits those numbers in August and there are no sudden escalations in the trade war between the U.S. and China, there's a good chance that the BABA stock slide of the past week will turn out to be a blip. And Alibaba stock will continue to climb back toward the year-high $195 level it hit at the end of May.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post Alibaba Stock Cools, but July's Loss Likely to Prove a Blip appeared first on InvestorPlace.

  • Trump's Daughter-in-Law to Lead Outreach to Female Voters: Campaign Update
    Bloomberg5 days ago

    Trump's Daughter-in-Law to Lead Outreach to Female Voters: Campaign Update

    (Bloomberg) -- President Donald Trump is hoping his daughter-in-law can help shore up his standing with female voters.Lara Trump -- wife of the president’s son, Eric Trump -- will launch the “Women for Trump Coalition“ aimed at aiding the president’s re-election campaign. It will debut next Tuesday at a casino in suburban Philadelphia, where she will be joined by Republican National Committee Chairwoman Ronna McDaniel, former White House communications aide Mercedes Schlapp, and Kimberly Guilfoyle, the ex-Fox News personality who is dating Trump’s eldest son.“The Women for Trump coalition will be a national effort to mobilize and empower women who support President Trump to help get the message of ‘Promises Made. Promises Kept’ into their communities across America,“ Hannah Castillo, director of coalitions for the Trump campaign, said in a statement.Trump, who has frequently come under fire for his past treatment of women, has consistently struggled to win the approval of female voters, with 52% of women surveyed earlier this month by Gallup saying they believed the president should be impeached. Trump won 41% of the female vote in 2016.‘Antichrist’ Sanders Lists Hit Parade of Haters (2:51 p.m.)Bernie Sanders published a list of “anti-endorsements” on his presidential campaign website with quotes from JPMorgan Chase CEO Jamie Dimon, former Goldman Sachs CEO Lloyd Blankfein, former Federal Reserve Chairman Alan Greenspan and other luminaries of Wall Street and beyond.“Bernie Sanders, in my opinion, doesn’t have a clue,” Leon Cooperman, a former partner at Goldman Sachs, is quoted as saying.“It has the potential to be a dangerous moment,” Blankfein said of Sanders’s campaign.“In 2016 I saw Bernie Sanders and the kids around him. I thought: ‘This is the antichrist!”’ said Home Depot Co-Founder Kenneth Langone.Sanders, a Vermont senator and avowed democratic socialist, is running a campaign focused on taking on the billionaires and Wall Street elite. The web page approvingly quotes Franklin Roosevelt -- “I ask you to judge me by the enemies I have made” -- and Frederick Douglass.In a statement Sanders said of the business leaders quoted: “we welcome their hatred.”Other quotes listed include:“The senator’s uninformed views are, in a word, contemptible” -- Lowell McAdam, former Verizon CEO.“If Bernie Sanders became president, I think stock prices should be 30% to 40% lower than they are now” -- Stanley Druckenmiller, hedge fund manager. -- Emma KinerySteyer Kicks Off Spending on National TV Ads (2:22 p.m.)Billionaire Tom Steyer is on a roll. Two days after announcing his presidential candidacy, he has already spent $1.4 million on TV ads in the key first nominating states of Iowa, New Hampshire, South Carolina and Nevada.The ads also will run nationally on CNN and MSNBC for two weeks.Steyer, 62, hinted at a run a 2020 run early this year, but showed up in Des Moines, Iowa, in January only to announce he had decided against it. The hedge fund manager, who has been focused on impeaching President Donald Trump, announced his candidacy in a video message on Monday.Few candidates have done a single TV ad yet, and none has spent as much money as Steyer has. Senator Kirsten Gillibrand of New York launched ads Tuesday targeting Trump in Pennsylvania, Ohio and Michigan, where she will be traveling this week. Representatives Tulsi Gabbard of Hawaii and Seth Moulton of Massachusetts ran TV ads in June. Former Maryland Representative John Delaney, the first to join the race, bought a TV ad during the 2018 Super Bowl. -- Emma KinerySenate Leaders Clash Over Election Security (1:23 p.m.)Senate leaders clashed on the chamber floor about how Congress could prevent foreign interference in the 2020 elections, as the Trump administration was scheduled Wednesday to give lawmakers a long-awaited briefing about its efforts to prevent a repeat of Russian meddling in 2016.House and Senate lawmakers will be briefed by a group of top administration officials including FBI Director Christopher Wray, Director of National Intelligence Dan Coats and acting Homeland Security Secretary Kevin McAleenan. They will appear after Senate Minority Leader Chuck Schumer pushed for months for the meetings, with Majority Leader Mitch McConnell only recently getting on board.Still, the two top Senate leaders continue to spar over whether any further legislation addressing election security will be needed this year. McConnell made no promises.Instead, the Republican took to the Senate floor to blame former President Barack Obama for being too soft on Russia, which he said paved the way for the 2016 election meddling. He insisted that under the Trump administration there has been “greater success” including the indictment of 28 Russian nationals and entities by Special Counsel Robert Mueller and passage of $380 million in funding to help states combat potential hacking.Schumer insisted Republicans “fought tooth and nail” against that funding and that top GOP leaders continue to show little interest in measures that would help protect state voting systems and combat foreign influence through social media. -- Laura LitvanDe Blasio Seizes Upon Women’s Soccer Parade (11:13 a.m.)New York Mayor Bill de Blasio, who’s been traveling across the U.S. trying to ignite interest in a long-shot campaign for the Democratic presidential nomination, seized upon the Women’s World Cup parade in his city to tout his progressive credentials.He kicked off the parade on Wednesday vowing that as president he would “pursue executive action” if necessary to “guarantee equity in resources and pay for women’s and men’s national sports teams.” Team members have sued the U.S. Soccer Federation over the issue.The mayor addressed the crowd, saying, “The equality of women must be guaranteed in this nation,” as thousands chanted, “Equal Pay USA.”The event featured the women’s team waving to tens of thousands of people as they made their way on the back of a truck up the “Canyon of Heroes,” a half-mile stretch that fans packed on both sides of lower Broadway. Shredded recycled paper floated down from office towers above.The event was bound to take on political significance after Megan Rapinoe, one of the team’s stars and leaders, rejected any possibility that the team would visit Trump’s White House. Trump posted messages on Twitter attacking Rapinoe. -- Henry GoldmanWarren Asks Companies to Disclose Climate Risk (10:30 a.m.)Senator Elizabeth Warren on Wednesday reintroduced legislation requiring publicly owned companies to disclose their exposure to climate-related risks.The measure is cosponsored by three fellow Democratic presidential contenders, Senators Kamala Harris of California, Kirsten Gillibrand of New York and Amy Klobuchar of Minnesota, along with New York Representative Alexandria Ocasio-Cortez.Climate change is a top issue for Democratic voters in polls. Warren’s bill is the second legislation on the topic offered by a 2020 candidate this week. Senator Bernie Sanders, one of the top-tier competitors for the 2020 nomination, unveiled a resolution calling for “massive” federal action to reverse the effects of global warming that is also cosponsored by Ocasio-Cortez.Warren’s Climate Risk Disclosure Act requires companies to disclose to the Securities and Exchange Commission “critical information” about exposure to climate risks like greenhouse gas emissions and a company’s total amount of fossil-fuel related assets. The bill aims to encourage companies to more quickly switch to more efficient energy sources. Warren originally introduced the bill last year. -- Emma KineryHarris, Warren, Sanders Boost Staff Diversity (5 a.m.)Top 2020 Democratic presidential candidates this year bolstered the share of staffers in their Senate offices who are women and minorities, according to a report obtained by Bloomberg News.Warren, Harris and Sanders all hired more diverse staffers in their congressional offices. Women and minorities are key constituencies for the Democratic nomination and the general election against President Donald Trump next year.Harris hired the most racially diverse workforce of the presidential candidates, with 70% of her office identifying as nonwhite this year, compared with 66% in the same period of 2018 and 61% in 2017. Almost two-thirds of her staff was female, according to the report.The share of Sanders’ team that identified as a racial minority rose to 28% this year from 18% in 2018. Since 2017, more than 60% of his staff has been women. On Warren’s staff, 48% identified as nonwhite, compared with 36% last year and 34% in 2017. Women represented 59% of her staff this year, compared with 51% last year.By contrast, Gillibrand saw a slight decline in the share of staffers who are racial minorities. In her office, 46% identified as nonwhite this year, compared with 53% in 2018 and 48% in 2017. She tied with Sanders in hiring women workers, with 63% of the workforce identifying as female.The majority of New Jersey Senator Cory Booker’s staff -- 61% -- are people of color, though that represents a slight decline from last year. Booker increased the share of women in his office from last year. Klobuchar increased both the share of racial minorities and women on her team, but she still has less than 50% in both categories.The annual survey by Senate Democrats offers a snapshot of the diversity of lawmakers’ offices as of June 30. -- Naomi NixHarris Joins Forces With Ocasio-Cortez on HousingHarris and Ocasio-Cortez of New York are teaming up to introduce legislation to remove barriers that prevent people with criminal records and their families from obtaining federal housing.Harris, who’s vying for the 2020 Democratic presidential nomination, has been criticized for her past work as a prosecutor and for not being as progressive as contenders like Warren or Sanders. Working with the young star of the progressive left to address criminal justice reform could help remedy that perception. Sanders and Ocasio-Cortez already have teamed up on two measures.The Fair Chance at Housing Act would remove the “one-strike” policy, which calls for tenants to be evicted for a single instance of criminal activity, and the “no-fault” policy, where entire families can be evicted because of the actions of a single member.The bill raises the standard of evidence public housing authorities need when determining whether to screen or evict a tenant. It also bars the use of “suspicion-less drug and alcohol testing” by landlords and public housing authorities. Harris over the weekend announced another housing proposal of a $100 billion program to help African-Americans buy homes. -- Emma KineryThird Democratic Debate Will Be in HoustonThe Democratic presidential candidates will meet in Houston on Sept. 12 and 13 for the third debate of the 2020 campaign season. Their hosts will be ABC News and Univision, ABC said in a statement on Tuesday night, which added that the format, venue and moderators had yet to be announced.The first debate, in Miami last month, was in a swing state, as will be the next one, in Detroit on July 30 and 31. Texas, however, remains a solidly red state despite Democratic aspirations to at least turn it purple. Democratic National Committee Chairman Tom Perez, in a statement announcing the Houston debate, hailed Democratic “victories all across the state.”But a popular Texas Democrat, Beto O’Rourke, failed to unseat Republican Senator Ted Cruz last November. O’Rourke, of course, is now running for president. -- John HarneyComing Up Wednesday:Most of the Democratic presidential candidates are off the trail. Self-help author Marianne Williamson will be in Charlotte, North Carolina; Entrepreneur Andrew Yang will be in Manchester, New Hampshire.Here’s What Happened Tuesday:Tom Steyer, the billionaire hedge fund manager turned liberal activist, announced Tuesday that he is entering the crowded race for the 2020 Democratic presidential nomination. Steyer, 62, has two trademark issues: impeaching Trump and climate change. He hinted at a run a 2020 run early this year, but showed up in Des Moines, Iowa, in January only to announce he had decided against it. In his first day as a presidential candidate, Steyer already spent $1.05 million on TV ads placed in key states, like Nevada, South Carolina, and Iowa, as well as Boston.Democratic presidential front-runner Joe Biden and his wife, Jill Biden, earned more than $15 million during their first two years out of the White House, according to a financial disclosure. The bulk of the income came from payments for the memoirs they’ve each written. The couple’s total income in 2017 was $11 million and nearly $4.6 million in 2018. Their net worth is between $2.2 million and $8 million, according to a separate financial disclosure filed Tuesday that doesn’t include their real estate holdings. By contrast, Biden’s disclosure with the federal Office of Government Ethics for 2016, his last year at the White House, showed the couple’s assets were worth between $303,000 and $1 million and they had liabilities between $560,000 and $1.2 million.\--With assistance from Naomi Nix, John Harney, Emma Kinery, Henry Goldman and Laura Litvan.To contact the reporter on this story: Justin Sink in WASHINGTON at jsink1@bloomberg.netTo contact the editors responsible for this story: Joe Sobczyk at jsobczyk@bloomberg.net, Laurie Asséo, Max BerleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Verizon Unveils Solution to Better Manage Customer Networks
    Zacks5 days ago

    Verizon Unveils Solution to Better Manage Customer Networks

    Verizon's (VZ) Virtual Network Services solution makes it easier for customers to manage their global network resources and collaborate worldwide.

  • AT&T to Roll Out HBO Max Streaming Service in Spring 2020
    Zacks5 days ago

    AT&T to Roll Out HBO Max Streaming Service in Spring 2020

    With its commercial debut, AT&T's (T) HBO Max will offer about 10,000 hours of premium content, leveraging an extensive collection of exclusive original programs and the most sought-after shows from WarnerMedia.

  • A Fourth U.S. Wireless Competitor Would Keep Prices Low
    Motley Fool6 days ago

    A Fourth U.S. Wireless Competitor Would Keep Prices Low

    But it could have a disproportionate impact on this big carrier.

  • Dow Jones Today: Averting Catastrophe, but Nothing to Brag About
    InvestorPlace6 days ago

    Dow Jones Today: Averting Catastrophe, but Nothing to Brag About

    If not for some bullish tidings in the technology sector, the largest sector weight in the S&P 500, today's losses likely would have been more substantial. As it was, the Nasdaq Composite, which closed higher by 0.54% was the only one of the major U.S. benchmarks to close higher today.Source: Shutterstock The S&P 500 added 0.12%, averting a third consecutive day of declines while the Dow Jones Industrial Average lost 0.08%. Overall, these were not bad losses by any stretch. But the recent scuffling by stocks indicates there is some level of importance around Federal Reserve Chairman Jerome Powell's congressional testimony, which kicks off tomorrow."Focus this week will be on Fed chief Jerome Powell's remarks at his two-day testimony before the Congress, starting Wednesday," reports Reuters. "Also due on Wednesday is the central bank's June policy meeting minutes."InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs has been noted in this space, market participants are pricing in the following Fed facts: no interest rate cut this month and no cuts totaling 50 basis points this year. Hope burns eternal for a rate reduction of 25 basis points, but Powell's two-day testimony and the June meeting minutes could indicate otherwise.In late trading, just 12 of the Dow's 30 components were in the green and none of that dozen had gains in excess of 1%. Tuesday's big winner was Merck (NYSE:MRK), which added 0.98% after the Food & Drug Administration (FDA) "accepted for review six supplemental Biologics License Applications (sBLAs) to update the dosing frequency for KEYTRUDA, Merck's anti-PD-1 therapy, to include an every-six-weeks (Q6W) dosing schedule option," according to a statement. * 10 Best Stocks for 2019: A Volatile First Half The company is seeking "KEYTRUDA indications in melanoma, classical Hodgkin lymphoma, primary mediastinal large B-cell lymphoma, gastric cancer, hepatocellular carcinoma and Merkel cell carcinoma," it said in the release. One More Ray of SunshineAgain, Dow winners were hard to come by Tuesday, but Cisco Systems (NASDAQ:CSCO) traded modestly higher after the company said it will acquire optical semiconductor maker Acacia Communications (NASDAQ:ACIA) for $2.6 billion in cash.Acacia's products "are designed to transform communications networks through improvements in performance, capacity and cost," according to Cisco.Cisco has one of the tidier balance sheets and one of the larger cash hoards in the technology sector, so it can easily absorb an acquisition of this size. Troublemakers on Dow Jones Today3M (NYSE:MMM), already one of the Dow's worst-performing components this year with a double-digit loss, was one of the index's worst offenders Tuesday, sinking 1.99% following an analyst downgrade. RBC Capital Markets cut its rating on 3M to "market perform" from "outperform" while slashing its price target on the industrial conglomerate to $176 from $207.Verizon (NYSE:VZ), which was one of the Dow's worst performers yesterday, continued that ominous trend today, shedding 1.52%. The stock's year-to-date gain has all but withered while shares of primary rival AT&T (NYSE:T) are higher by almost 18%. Bottom Line: Fed Help and EarningsPowell's aforementioned testimony could bring some near-term relief for stocks, particularly if a valid takeaway is that rate cuts are still on the table following the strong June jobs number. There are also some glimmers of hope, be they faint, on the earnings front."During the second quarter, analysts lowered earnings estimates for companies in the S&P 500 for the quarter. The Q2 bottom-up EPS estimate (which is an aggregation of the median EPS estimates of all the companies in the index for the second quarter) dropped by 2.6% (to $40.42 from $41.46) during this period," according to FactSet.As the research firm points out, "the average decline in the bottom-up EPS estimate during a quarter has been 3.3%."Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post Dow Jones Today: Averting Catastrophe, but Nothing to Brag About appeared first on InvestorPlace.

  • Dish is in a ‘win-win’ situation even if deal between T-Mobile and Sprint approved: analyst
    MarketWatch6 days ago

    Dish is in a ‘win-win’ situation even if deal between T-Mobile and Sprint approved: analyst

    Cowen & Co. analyst Gregory Williams reiterated his bullish view of Dish Network Corp. shares on Tuesday, writing that the satellite-TV company is “generally in a win-win situation” regardless of whether T-Mobile US Inc.’s deal for Sprint Corp. ultimately gains approval.

  • Dow Jones Paces Weak Start; Netflix Stock Surges, Cisco Snaps Up Acacia
    Investor's Business Daily6 days ago

    Dow Jones Paces Weak Start; Netflix Stock Surges, Cisco Snaps Up Acacia

    The Dow Jones industrials led a weak start Tuesday, as Virgin Galactic moved toward an IPO and Netflix stock jumped toward a new buy point.

  • FCC goes after international robocallers and spam texts
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    FCC goes after international robocallers and spam texts

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  • AT&T (T) Invests in West Virginia Networks to Extend Reach
    Zacks6 days ago

    AT&T (T) Invests in West Virginia Networks to Extend Reach

    Building upon its planned investments in West Virginia, AT&T (T) continues to extend the reach and improve the capacity of the FirstNet communications platform.

  • GlobeNewswire6 days ago

    Verizon Business Group launches new network optimization solution to easily support rich media data transmission

    NEW YORK, July 09, 2019 -- Verizon Business Group today announced Virtual Network Services (VNS) – Wide Area Network (WAN) Optimization with ONEx, a first-of-its-kind network.

  • Markit6 days ago

    See what the IHS Markit Score report has to say about Verizon Communications Inc.

    Verizon Communications Inc NYSE:VZView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for VZ with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting VZ. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $4.32 billion over the last one-month into ETFs that hold VZ are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Telecommunications Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. VZ credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Verizon Communications (VZ) Dips More Than Broader Markets: What You Should Know
    Zacks7 days ago

    Verizon Communications (VZ) Dips More Than Broader Markets: What You Should Know

    Verizon Communications (VZ) closed the most recent trading day at $57.90, moving -0.7% from the previous trading session.

  • Nasdaq Today: Google-Dish vs. T-Mobile, AT&T and Verizon?
    InvestorPlace7 days ago

    Nasdaq Today: Google-Dish vs. T-Mobile, AT&T and Verizon?

    The stock market began to sell off on Friday, but a lack of sellers on low volume meant there was little follow through. Investors were a little on edge with the Nasdaq today, with a notable downgrade on Apple (NASDAQ:AAPL), weakness in many semiconductor stocks and investors' worries about whether the Federal Reserve will actually cut interest rates now. As a result, the Nasdaq slipped 78 basis points, closing near the key 8,100 level at 8,098. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsBefore Friday's better-than-expected labor report, the market had been pricing in as much as a 50-basis-point cut in the Fed Funds rates. Consensus expectations still call for a 25 bps cut. In any regard, all but removing the hopes for a 50 bps cut -- there's still a ~6% chance this month -- is denting equities. Worth mentioning though is that the market is 100% pricing in some form of a cut. We detailed why this is important for tech stock specifically on Friday. We won't rehash that conversation. However, we will just say that, should the Fed opt to not cut rates -- and remember, this is the same Fed that was way too hawkish in Q4 2018 -- stock market investors will throw a tantrum. Google-Dish to Battle the New "Big Three?"Typically used in reference of Detroit's three largest automakers, the "Big Three" of telecom very well could become AT&T (NYSE:T), Verizon (NYSE:VZ) and T-Mobile (NASDAQ:TMUS), assuming the latter is able to close on its acquisition of Sprint (NYSE:S). * 7 A-Rated Stocks to Buy for the Rest of 2019 However, part of getting the T-Mobile/Sprint deal approved requires divesting enough assets for a fourth large carrier to emerge. Short of working out a few of the details, it seems that Dish Networks (NASDAQ:DISH) will be the emerging player. Rumors that Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is considering teaming up with Dish were quickly squashed by the company. But it brings up an interesting point. Surely investors will boo GOOGL getting involved in a capital-intensive business like telecom, no matter how strong its balance sheet is or how much free-cash flow such a business generates. Capital-intensive businesses generally come with a high valuation and dividend yield (which makes the Big Three of telecom and auto more similar than just the nickname). Want more? Rumors say former Ford (NYSE:F) CEO Alan Mulally is negotiating for Google in these alleged talks. Speculation and potential coincidences aside, I don't know that I believe GOOGL is considering such a move. That's even with its Android operating system and its line of Pixel smartphones. But it wouldn't be the worst way to pump life into its handset/smartphone business, even if it is capital intensive. In any regard, shareholders would have a fit and the c-suite knows it. Tesla TodayTesla (NASDAQ:TSLA) made headlines -- when is that not the case? -- when its CEO Elon Musk opened up further about the automaker's self-driving car plans. One Twitter (NYSE:TWTR) user asked, "Do consumers have limited time left to buy a Tesla car since prices would have to go up severalfold to balance supply & demand once you solve FSD?"Musk's answer: Yes. Of course, the next question then turns to solving FSD (full self-driving). Level 5 autonomous driving is no easy feat, and it's hard to imagine that it will come into play to the point where consumers have to worry about how much time they have left to buy a Tesla vehicle near today's prices. Musk also said the company is working on launching new self-driving chips for older Teslas by the end of the year. Last but not least regarding Tesla, Morgan Stanley analyst Adam Jonas stuck with his full-year vehicle deliveries forecast of 347,000. That's below the company's estimate of 360,000 to 400,000 and despite its second-quarter results of 95,200 came in ahead of consensus. Jonas also lowered his revenue estimates for Q3 and Q4, while maintaining a $230 price target and an equal-weight rating. Other News in the Nasdaq TodayApple was also in the analyst spotlight Monday, catching a downgrade to "sell" from "hold" at Rosenblatt Securities. The analyst has a $150 price target, implying about 25% downside. He believes that iPhone and iPad revenue will be disappointing in the second half. Apple fell 2.06% on the day.Finally, Broadcom (NASDAQ:AVGO) is apparently making progress on its deal for Symantec (NASDAQ:SYMC). The company is also apparently considering a purchase of the privately held Tibco, but the deal will be "sidelined" if the SYMC deal moves forward. That seems to be the case on Monday, with AVGO reportedly making progress on securing the financing for the deal. An announcement could come later this month. In any regard, investors still aren't happy about the news, pushing AVGO down 2.72% to roughly $275 on the day. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long GOOGL, T, AAPL and AVGO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post Nasdaq Today: Google-Dish vs. T-Mobile, AT&T and Verizon? appeared first on InvestorPlace.

  • Yahoo! U: how do foreign exchange rates work?
    Yahoo Finance Video3 days ago

    Yahoo! U: how do foreign exchange rates work?

    Yahoo Finance's Brian Cheung explains how foreign exchange rates work.