AT&T Inc.’s stock presents the best “risk-adjusted upside” as the big wireless companies prepare to report earnings, according to Wells Fargo. Analyst Eric Luebchow is upbeat about AT&T’s T, +0.78% potential to issue a “solid” forecast “across the board” when it reports reports Wednesday morning. Namely, he’s optimistic about what the company will share on expectations for this year’s wireless service revenue growth, free cash flow and net additions. Read: AT&T’s stock has been a massive laggard, but this n ...

Earnings season hasn’t gotten off to a great start so far, but Wall Street should be thankful for the big technology companies that are preparing to report. Specifically, Nvidia Corp. NVDA, +0.27%, Amazon.com Inc. AMZN, -0.36% and Meta Platforms Inc. META, -0.44% could help save a grim reporting period from being a whole lot worse. S&P 500 SPX earnings are expected to fall 1.8% in the fourth quarter, according to FactSet estimates as of Friday, but that decline would be twice as large if you excluded projec ...

Tesla Inc.’s price cuts have led Wall Street to lower estimates for the electric-vehicle maker’s profit, and to question its prospects. On Wednesday, investors will have a chance to see just how much the cuts have mattered in a larger context for Tesla TSLA, -1.59%, which is scheduled to report fourth-quarter earnings then. “With the increased competition around the world, Tesla’s profit margins are definitely under threat,” said Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solu ...

General Electric Co. is scheduled report fourth-quarter results before the market opens on Tuesday, which could be the last report before the final breakup of the 150-year-old company.GE’s stock GE, +1.07% has been on fire leading up to the latest results. After having its best year on record in 2023, the stock is up another 3.1% year to date through Monday afternoon, to outperform the S&P 500 index’s SPX 1.7% gain.Helping fuel the gains, the stock has rallied on the day that the past two quarterly reports ...

Before ESPN allowed Pat McAfee, Stephen A. Smith, and Peyton Manning to produce their own content, there was “The Decision.”In the summer of 2010, super agent Ari Emanuel pitched ESPN exec John Skipper on a TV special where LeBron James would announce where he was headed in NBA free agency. When the special aired that July, it took about 20 questions over 30 minutes for a dawdling Jim Gray to ask the one query fans wanted to know: Where was James headed after seven seasons with the Cleveland Cavaliers? “Thi ...

OpenAI is in the crosshairs of antitrust investigators at the Justice Department and Federal Trade Commission, according to a Politico report Monday. The agencies are in discussions over which will probe the ChatGPT creator and its involvement with Microsoft Corp. MSFT, -0.61%. The software giant has poured more than $10 billion into OpenAI. The FTC started talks with the Justice Department months ago to figure out which one can review the matter, according to three people with knowledge of the matter Poli ...

Morgan Stanley no longer considers Nvidia Corp. its No. 1 chip pick, and is now turning to a different part of the sector for its latest top endorsement. Morgan Stanley analyst Joseph Moore has elevated Western Digital Corp.’s stock WDC, +5.08% to his No. 1 recommendation, bumping Nvidia’s stock NVDA, +0.53% down to second place. While artificial intelligence is the hot theme in chips these days, Moore isn’t calling out AI so much as cheering the potential for more than 25% upside in shares of Western Digit ...

These yogis are stretching the patience of America’s biggest oil company.Natasha Lamb and Farnum Brown founded and run Arjuna Capital. The decade-old sustainable-investment firm, whose mission is to push major corporations into adopting more socially conscious policies, has found itself at the center of a lawsuit by Exxon Mobil Corp. XOM, +0.02% that seeks to block a shareholder proposal on climate change.With a mantra of “divest from old problems; invest in new solutions,” Arjuna says its goal for clients ...

Investment giant BlackRock Inc. BLK, -0.91% is making what it calls one of its strongest strategic calls of the moment: Inflation is likely to stay closer to 3% as the world increasingly splits itself into competing blocs. Attacks by Yemen's Houthi militants on Red Sea vessels, followed by a U.S.-led response, are prompting a rerouting of tankers and cargo ships which is driving up shipping costs. Meanwhile, Taiwan's Jan. 13 election of a new president whose party supports a separate identity for the island ...

Google parent Alphabet Inc. GOOGL, +0.39% GOOG, +0.46% is eliminating dozens of jobs from its X technology lab and seeking more outside funding, according to a Bloomberg report, citing people familiar with the matter. The staff reduction comes on the heels of several rounds of layoffs at the company. Astro Teller, who leads the division, told Bloomberg the division was looking to collaborate with “a broader base of industry and financial partners” as it looks to spin out more projects with market-based fun ...