Comcast CFO sends stern warning as broadband customers leave
Comcast’s CFO warned of intensifying competition and irrational fiber pricing as the company continues losing significant numbers of broadband customers despite price increases.
Comcast’s CFO warned of intensifying competition and irrational fiber pricing as the company continues losing significant numbers of broadband customers despite price increases.
Toast added 9,500 new restaurant locations in the second quarter, bringing its total to 180,000, while maintaining 25% year-over-year ARR growth and positive profitability.
Marvell Technology shares declined 6% despite beating revenue expectations and raising its fiscal 2028 outlook to $18 billion, as investors found the guidance insufficient.
Dell Technologies shares surged 9% in extended trading after reporting fiscal second-quarter results and lifting full-year guidance, driven by robust artificial intelligence server demand.
Palo Alto Networks exceeded quarterly expectations as demand for cybersecurity tools surged amid growing AI threats. The company posted 34% revenue growth and announced continued acquisitions to expand its AI security capabilities.
Rising US Treasury yields are pushing toward levels that could trigger a stock market correction, with survey respondents identifying 5% to 5.5% as potential tipping points for a 10% decline.