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Dow Jones goes in hard on Verizon
TheStreet49d agoneutral
Dow Jones goes in hard on Verizon

Verizon joined the Dow Jones Industrial Average in 2004, when AT&T was removed and the index needed a new telecommunications name. It held that seat for 22 years. S&P Dow Jones Indices revealed on June 23 that the seat now belongs to someone else. Alphabet (GOOGL) will replace Verizon ...

How Much Of Your Dividend Income Do You Actually Get To Keep?
24/7 Wall St.49d agoneutral
How Much Of Your Dividend Income Do You Actually Get To Keep?

Dividend investors love clean numbers. A $1 million portfolio yielding 5% generates $50,000 a year, and it is tempting to treat that figure as spendable income. In reality, federal taxes, state taxes, Medicare premiums, and inflation all take their share before those dollars reach your checking account. Consider three retirees. Retiree A owns a $750,000 ... How Much Of Your Dividend Income Do You Actually Get To Keep?

SpaceX just put every US carrier on notice
TheStreet49d agoneutral
SpaceX just put every US carrier on notice

Every industry runs on a comfortable order, right up until someone from outside decides the rules do not apply to them. In US wireless, that order has held for a long time. Three companies, Verizon (VZ), AT&T (T) and T-Mobile (TMUS), control almost every phone in your pocket. They build the ...

Reuters50d agoneutral
Verizon bids $3.2 billion to win US spectrum licenses

Verizon ‌Communications successfully ‌bid nearly $3.2 billion ​for wireless licenses in a Federal ‌Communications ⁠Commission auction for mid-band ⁠spectrum, the agency said ​Friday. AT&T, ​T-Mobile ​and Space ‌X also won spectrum licenses in the auction that ‌raised ​about $3.5 ​billion. T-Mobile successfully ‌bid $278 million, ​T-Mobile $121 ​million and Space X $8.5 ​million, ‌the FCC ​said.

Musk's SpaceX targets US consumers with Starlink mobile service push, FT reports
Reuters50d agoneutral
Musk's SpaceX targets US consumers with Starlink mobile service push, FT reports

Elon Musk's SpaceX has ‌told investors ‌that it plans to ​launch a Starlink mobile service for U.S. consumers, the Financial ‌Times ⁠reported on Friday, citing people familiar ⁠with the matter. SpaceX was considering ​launching a ​Starlink ​retail product ‌and could build its own terrestrial U.S. mobile network, President Gwynne Shotwell told ‌investors during ​a recent ​IPO ​roadshow, according ‌to the FT ​report. Reuters ​could not immediately verify the report.

Alphabet, Google's Parent, Is Joining the Dow
The Wall Street Journal53d agoneutral
Alphabet, Google's Parent, Is Joining the Dow

Google parent Alphabet will be added to the Dow Jones Industrial Average beginning Monday, the index’s operator, S&P Global, said Tuesday. The company represents the fifth of the so-called Magnificent Seven growth stocks to enter the price-weighted index, which has historically been less vulnerable to tech swings than the Nasdaq Composite Index or the S&P 500. “Adding Alphabet will broaden and strengthen the DJIA’s exposure to these dynamic areas of the U.S. economy,” S&P said in a written statement.

This Is the Dividend Portfolio That Pays Off Your Kid’s Student Loans
24/7 Wall St.53d agoneutral
This Is the Dividend Portfolio That Pays Off Your Kid’s Student Loans

The average federal student loan borrower leaves school owing roughly $38,000, though balances of $50,000 or more are common among graduate students and many private-college graduates. Depending on interest rates and repayment terms, that debt can create a substantial monthly obligation just as a young adult is trying to rent an apartment, buy a first ... This Is the Dividend Portfolio That Pays Off Your Kid’s Student Loans

Verizon adds new offer that removes 2 major fees for customers
TheStreet58d agoneutral
Verizon adds new offer that removes 2 major fees for customers

Verizon is doubling down on efforts to win back cost-conscious customers with a new offer that lets them avoid two major fees. The move comes as the carrier faces elevated churn in its wireless business. During an earnings call in January, Verizon CEO Dan Schulman revealed that in the last ...

AST SpaceMobile just proved biggest skeptics wrong, for now
TheStreet59d agoneutral
AST SpaceMobile just proved biggest skeptics wrong, for now

AST SpaceMobile (ASTS) launched three satellites into orbit on Wednesday, 17th June, and the stock jumped 6% in response. The reaction looks like a simple relief rally after a clean mission. It is actually a direct rebuttal to the specific argument Wall Street’s bears have been making for the past ...

Reuters60d agobearish
Verizon targets wireless customers with new simpler plans, drops some fees

Verizon is aiming to attract customers by offering simpler plans, dropping activation and upgrade fees and unveiling a ‌new loyalty program offering discounts and perks. The U.S. company is aggressively ‌competing with AT&T and T-Mobile in the saturated U.S. telecoms market, where network providers have extended device ​subsidies, added plan discounts and increased network infrastructure spending. Verizon said its new program will offer customers 3% back on bills from July that can be used toward new phones or at consumer brands like Sephora, Hilton, Marriott and Starbucks.

The Dividend Strategy That Beats the 4% Rule by $400,000 Over 20 Years on a $1 Million Portfolio
24/7 Wall St.67d agobullish
The Dividend Strategy That Beats the 4% Rule by $400,000 Over 20 Years on a $1 Million Portfolio

A 65-year-old retiree with $1 million who follows the standard 4% rule withdraws $40,000 in the first year, then increases that amount over time to keep pace with inflation. A dividend-focused alternative starts slightly lower, at about $38,000 in annual income from a 3.8% blended yield, but does not require selling shares. Over 20 years, ... The Dividend Strategy That Beats the 4% Rule by $400,000 Over 20 Years on a $1 Million Portfolio

AST Rises. Space Stocks Are Volatile Ahead of the SpaceX IPO.
Barrons.com67d agoneutral
AST Rises. Space Stocks Are Volatile Ahead of the SpaceX IPO.

Case in point: AST SpaceMobile Shares were up 1.4% in early trading Tuesday, while the was down 0.3%. An announcement by the company that three of its communications satellites were slated to head to the stars on June 17, aboard a SpaceX rocket, seems to have catalyzed the gains. AST is building a communications satellite constellation that will be used by Verizon Communications AT&T and others to improve wireless service on Earth.

Get Paid Like an Indiana Police Officer With $5,000 a Month in Dividend Income After Taxes
24/7 Wall St.67d agoneutral
Get Paid Like an Indiana Police Officer With $5,000 a Month in Dividend Income After Taxes

Five thousand dollars a month in spendable dividend income works out to $60,000 per year after federal tax, roughly equivalent to the salary of a typical police officer in Indiana. The headline yield shown on a brokerage statement does not tell the full story. Taxes, the type of distributions received, and future dividend growth all ... Get Paid Like an Indiana Police Officer With $5,000 a Month in Dividend Income After Taxes

Verizon, AT&T suffer major customer data setback
TheStreet67d agoneutral
Verizon, AT&T suffer major customer data setback

Phone companies can collect some of the most sensitive information about their customers, such as their locations. That happens because cellphones repeatedly connect to nearby cell towers as they operate. The Supreme Court noted that each connection can register a phone’s location, giving ...