Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by British asset manager Janus Henderson. The Global Dividend Index report, published … Read more

Telcos are barely done rolling out 5G networks — and they’re already talking about ‘5.5G’

You probably remember mobile operators raving about the promise of 5G several years ago. Now, they’re getting excited about a new upgrade: 5G Advanced. Angel Garcia | Bloomberg | Getty Images BARCELONA, Spain — Telecom operators haven’t yet finished rolling out 5G wireless mobile networks. And yet bosses of major carriers are already talking about … Read more

AT&T CEO says some customers will receive credits for outage

A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC The CEO of AT&T on Sunday apologized for the widespread cellular outage that knocked out service for thousands of customers, saying some accounts will receive credits to compensate for the incident.  “For the portion of consumer and small business … Read more

5 things to know before the stock market opens Friday

Here are the most important news items that investors need to start their trading day: 1. Rocketing to records 2. To the moon As the new space race rolls on, Thursday brought another historic moment to the final frontier. Intuitive Machines became the first company to land on the moon when its IM-1 mission touched … Read more

AT&T cellular outage in United States disrupts vital services

A worker climbs on a cellular communication tower in Oakland, California. Justin Sullivan | Getty Images A cellular outage early on Thursday hit thousands of AT&T users in the United States, disrupting calls and text messages as well as emergency services in major cities including San Francisco. About 70,000 incidents were reported around 10:00 a.m. … Read more

New sports streaming platform: What to know

Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024. Jevone Moore | Icon Sportswire | Getty Images The U.S. media world was rushing — or panicking? — Wednesday to try to figure out … Read more

How the Apple iPhone changed the world

When Apple announced the iPhone in 2007, Steve Jobs called it a “revolutionary product” in a handset category that he said needed to be reinvented.  Now, nearly two decades and 42 models later, the iPhone is one of the world’s most popular phones. Apple has sold over 2.3 billion units of the iPhone and has … Read more

Company to start share buybacks

Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023. One of the world’s largest mobile network equipment makers, Nokia posted … Read more

Stock market today: Live updates

NEW YORK, NEW YORK – JANUARY 22: Traders work on the floor of the New York Stock Exchange during afternoon trading on January 22, 2024 in New York City. The Dow Jones and S&P both hit all time highs with the Dow Jones closing over 38,000 points for the first time ever as stocks continue … Read more

The S&P 500 tops a record high that ‘clears the charts’ of resistance

The S & P 500 surged to a new all-time high on Friday, confirming the stock market is in a bull market and suggesting the rally has further to go in 2024, ahead of a big week of earnings and inflation data. The S & P 500 rallied more than 1% on Friday, above both … Read more