EchoStar stock roared more than 80% higher on Tuesday after AT&T said it agreed to purchase certain wireless spectrum licenses from the telecom company for about $23 billion in an all-cash deal.The sale will add about 50 megahertz of mid-band and low-band spectrum to AT&T’s network, with the licenses covering more than 400 markets across the U.S., AT&T said. The deal is expected to close in mid-2026, pending regulatory approval.EchoStar said in a regulatory filing that the transaction is part of the company’s “ongoing efforts to resolve the Federal Communications Commission’s inquiries.”FCC Chairman Brendan Carr wrote in a May letter…
Author: usaeverydaylife
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesFrontier Airlines is going after customers of Spirit Airlines, whose financial footing has gotten so shaky in recent weeks that it warned earlier this month it might not be able to survive another year without more cash.Frontier on Tuesday announced 20 routes it plans to start this winter, many of them in major Spirit markets like its base at Fort Lauderdale International Airport in Florida. Frontier overlaps with Spirit on 35% of its capacity,…
Check out the companies making headlines before the bell. EchoStar — The telecommunications stock surged 66% after AT & T said it would buy some wireless spectrum licenses from EchoStar for $23 billion. AT & T said that the transaction should close sometime in mid-2026. Shares of AT & T were last trading less than 1% higher. Eli Lilly — The pharma giant rose 2% after the company’s weight loss pill, orforglipron, cleared another late-stage trial . The higher dose of the pill helped patients lose 10.5% of their weight on average at 72 weeks, compared to just 2.2% weight…
AMD still has room to run even after already registering robust gains for 2025, according to Truist. The firm upgraded the chipmaker to buy from hold and raised its price target to $213 per share from $173. Truist’s forecast calls for more than 30% upside from Monday’s close. Analyst William Stein tied his rating change to a more “constructive view from the field.” He pointed to hyperscale customers more regularly turning to AMD’s technology as an alternative to Nvidia. AMD YTD mountain AMD stock in 2025. “Over the last month or so, contacts have increasingly noted that hyperscalers are working…
Behind China's 'blind box' craze Source link
Here are the biggest research calls on Wall Street on Tuesday: CFRA reiterates Nvidia as buy CFRA raised its price target on the AI chipmaker stock and said it’s bullish on Nvidia heading into earnings on Wednesday after the bell. “We lift our target price to $206 from $196, on P/E of 29x our CY [calendar year] 27 EPS view.” Citigroup reiterates Broadcom as buy Citi said it’s bullish on the stock heading into earnings on September 4. “We expect AVGO to report results above Consensus, driven by continued AI strength.” Baird reiterates Tesla as neutral Baird said Tesla earnings…
U.S. Secretary of Commerce Howard Lutnick attends an interview, outside the White House, in Washington, D.C., U.S., June 11, 2025.Kent Nishimura | ReutersTrump administration military leaders are “thinking about” whether the U.S. should acquire equity stakes in top defense contractors such as Lockheed Martin, Commerce Secretary Howard Lutnick said Tuesday.The Cabinet secretary revealed the government’s interest in taking those stakes on CNBC’s “Squawk Box” days after the U.S. government acquired 10% of Intel stock in a roughly $9 billion deal.Lutnick was asked where the line is for the Trump administration to repeat that move with other companies that do business…
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersSince losing her 15-year-old son Riley to suicide following a sextortion scheme through Meta’s Messenger app, Mary Rodee has worked with advocacy groups to push for stronger protections for children online. “I hold them solely responsible,” Rodee said about Meta in an interview with CNBC. “They have a responsibility for the safety of their users.”Rodee is among a number of parents who are increasingly critical of organizations that are supposed to help…
A general view of production lines at the Mercedes-Benz assembly plant on June 4, 2025 in Rastatt, Germany.Florian Wiegand | Getty Images News | Getty ImagesA perfect storm of industry and economic challenges have weighed on Germany’s autos sector, which has shed tens of thousands of jobs over a one-year stretch to the end of June.Over that period, Germany’s autos industry, one of the European country’s largest sectors, has seen job cuts of close to 7% of the workforce, or around 51,500 positions, according to new analysis from EY based on data from the German statistics office Destatis.Overall job losses…
Baird is getting more optimistic on VF Corp. The firm upgraded the Vans parent to outperform from neutral and raised its price target to $20 from $14. Baird’s forecast calls for more than 46% upside from Monday’s close. Analyst Jonathan Komp said he is becoming more confident in VF Corp’s turnaround over a six-to-12 month horizon, noting he expects the Vans brand to reach an inflection point in the second half of next year. “While we do not see current signs of a new skate shoe trend broadly emerging (low profile, retro running styles remain strong within lifestyle), our late-July…
