Core Insights - Telecom operator Claro, owned by Mexico's America Movil, is in advanced negotiations to acquire Brazilian internet provider Desktop [1] Company Summary - Claro is a telecom operator that is part of America Movil, a major player in the telecommunications industry in Latin America [1] - Desktop is a Brazilian internet service provider that is currently being considered for acquisition by Claro [1] Industry Context - The acquisition reflects ongoing consolidation trends in the telecommunications sector, particularly in the Brazilian market, as companies seek to enhance their service offerings and market presence [1]

We recently published 10 Stocks Investors Are Dumping. Verizon Communications Inc. (NYSE:VZ) is one of the worst performers on Monday. Verizon dropped its share prices by 5.11 percent on Monday to close at $41.44 apiece as investors digested leadership changes in the company, with former PayPal chief Dan Schulman taking the CEO position effective immediately. Schulman is set to replace Hans Vestberg, who led Verizon Communications Inc. (NYSE:VZ) for more than eight years. He will remain as special adviso ...

Core Insights - Millicom has completed the acquisition of 100% of Telefónica Móviles del Uruguay S.A. for an enterprise value of USD 440 million, marking its entry into the Uruguayan market and strengthening its presence in South America [1][2] Company Strategy - The acquisition is a significant step in Millicom's growth strategy, aimed at establishing a presence in Uruguay, a country recognized for its stability and digital transformation vision [2] - Millicom plans to invest in infrastructure, foster innovation, and create new opportunities to drive long-term digital growth in Uruguay [2] Financial Impact - The transaction is expected to generate synergies across networks, operations, and commercial services, diversifying Millicom's sources of value creation in a market with solid macroeconomic fundamentals [2] - Integration of the acquired company is projected to positively contribute to free cash flow for shareholders starting in 2026 [2] Market Position - By adding Uruguay to its footprint, Millicom enhances its coverage across South America, solidifying its position as one of the region's principal telecom operators [3] - The move aligns with Millicom's mission to accelerate digital inclusion and contribute to sustainable development across Latin America [3] Company Overview - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, offering a range of digital services and products [4] - As of June 30, 2025, Millicom employed approximately 14,000 people and served over 46 million customers, with a fiber-cable footprint covering over 14 million homes [4]

Market Overview - U.S. stocks closed mixed, with the Nasdaq up 0.7% to 22,941.67 and the S&P 500 gaining 0.36% to 6,740.28, while the Dow Jones Industrial Average slipped 0.14% to 46,694.97 [1] Company Highlights - **Advanced Micro Devices, Inc. (AMD)**: - AMD shares surged by 23.71%, closing at $203.71, with an intraday high of $226.71 and a low of $203.01. The stock's 52-week range is $76.48 to $226.71. In after-hours trading, the stock gained an additional 1.5% to $206.84 [1][2] - The surge was attributed to a significant agreement with OpenAI to utilize up to 6 gigawatts of AMD Instinct GPU power for AI infrastructure, starting with a 1-gigawatt rollout in 2026 [2] - **AppLovin Corp (APP)**: - AppLovin's stock dropped 14.03%, ending at $587, with a high of $687 and a low of $545. The 52-week range is $137.20 to $745.61. In after-hours trading, the stock fell nearly 2.3% to $573.57 [3] - The decline followed reports of an SEC investigation into the company's data-collection practices, which may breach partners' service agreements [3] - **Trilogy Metals Inc (TMQ)**: - Trilogy Metals saw a modest increase of 0.48%, closing at $2.09, with an intraday high of $2.21 and a low of $2.08. The stock's 52-week range is $0.47 to $2.48 [4] - The rise was due to news that the U.S. government plans to acquire a 10% stake in the company to access critical minerals in Alaska [4] - **Nike Inc (NKE)**: - Nike's stock fell by 1.06%, closing at $71.17, with an intraday high of $72.39 and a low of $71.01. The 52-week range is $52.28 to $84.76 [5] - The company demonstrated resilience by overcoming a $1.5 billion tariff impact, showcasing its turnaround strategy [5] - **Verizon Communications Inc. (VZ)**: - Verizon shares decreased by 5.11%, closing at $41.44, with a high of $43.38 and a low of $41.35. The stock's 52-week range is $37.58 to $47.36 [6] - The decline followed the announcement of a CEO transition, with Dan Schulman, former PayPal CEO, taking over the leadership role [6]

Market Overview - Australian shares are expected to see a modest rise with ASX 200 futures indicating a +0.07% gain as New South Wales and Queensland resume trading after a public holiday [1] - The S&P 500 and Nasdaq composite both reached new records on the first day of Week 41, despite the ongoing U.S. government shutdown [2] Company Developments - AMD is in discussions to develop AI infrastructure with OpenAI, with OpenAI potentially acquiring a 10% stake in AMD, which anticipates making billions from this deal [3] - Commonwealth Bank has transitioned its core banking system to an Amazon-owned cloud-based system, resulting in 40% of Australian transactions being processed through Amazon data centers [4] Stock Movements - The Brisbane Broncos saw a significant stock increase of +40% following their NRL final victory [5] - Westpac is set to release its consumer confidence report today [5] Commodity and Forex Updates - The Australian dollar is trading at 66.1 U.S. cents [6] - Iron Ore prices decreased by -0.2% to $103.75 per tonne, while Brent Crude increased by +1.5% to $65.50 per barrel [6] - Gold is priced at $3,968 per ounce, nearing the $4,000 mark, and U.S. natural gas futures rose by +2.3% to $3.40 per gigajoule [6]

Verizon has announced it has appointed Dan Schulman, the former CEO of PayPal, to be its chief executive officer. The transition is taking place immediately, according to an Oct. 6 news release from the company. Schulman is replacing Hans Vestberg, who has led the company since 2018. Vestberg is known for creating the company’s 5G network strategy. PayPal CEO Dan Schulman has been appointed the CEO of Verizon, replacing Hans Vestberg. The former CEO will continue at the company as a special adviser thro ...

Core Insights - Verizon has appointed Dan Schulman as its new CEO, succeeding Hans Vestberg, who held the position since 2018 [1][2] - Schulman has extensive experience in the telecommunications industry, having previously served as CEO of Virgin Mobile and held senior roles at AT&T and Sprint Nextel [2][3] - His notable tenure at PayPal saw the company's revenue grow from $8 billion to $30 billion, highlighting his capability in driving financial growth [3] Leadership Transition - Schulman has been on Verizon's Board of Directors since 2018 and was the Lead Independent Director before his appointment as CEO [1][2] - Vestberg is credited with creating a strong network and innovative culture at Verizon, including significant investments in 5G and broadband expansion [8] Vision and Strategy - Schulman emphasizes the importance of regaining leadership in both mobility and broadband markets, aiming to grow market share and exceed financial expectations [11] - He highlights the competitive advantage of Verizon's team and the need to focus on customer trust and satisfaction [12] - The company aims to finish Q4 strong and build momentum for 2026, indicating a forward-looking growth strategy [12]

Group 1 - Verizon Communications appointed Dan Schulman, former PayPal CEO, as the new CEO, effective immediately, replacing Hans Vestberg [1] - Vestberg is credited with architecting Verizon's 5G network and strategy, and he stated it was a good time to pass the baton to Schulman [1] - Schulman emphasized that Verizon is at a critical juncture and has an opportunity to redefine its trajectory by growing market share and improving key financial metrics [1] Group 2 - Following the announcement, Verizon's stock fell 4% to $41.92, dropping below its 200-day line [1] - Key rivals AT&T and T-Mobile also experienced stock declines, with AT&T slipping 3% to $26.24 and T-Mobile down 2.7% to $224.07 [2]

Verizon (VZ) is hoping its new boss can rewire its business. The telecom giant named former PayPal (PYPL) CEO Dan Schulman as its next chief executive on Monday, effective immediately. “The Board is thrilled to have Dan as Verizon’s next CEO, and embark on a new chapter of growth and sector leadership,” said Verizon board chair Mark Bertolini. “Dan is a seasoned and decisive leader with a unique set of experiences and a proven record of transformative leadership and operational excellence." Shares of Ve ...

Core Insights - Verizon Communications Inc. has appointed Dan Schulman, former head of PayPal, as the new Chief Executive Officer effective immediately, marking a new chapter for the company [1] - The Board expressed confidence in Schulman's leadership abilities to drive customer focus and financial growth [2] Leadership Background - Dan Schulman has been a member of Verizon's board since 2018 and has over four decades of experience in leadership roles at various companies including PayPal, American Express, and AT&T [3] - He is recognized for his commitment to global financial inclusion and is a life member of the Council on Foreign Relations [3] Education and Personal Interests - Schulman holds a BA from Middlebury College and an MBA from New York University's Leonard N. Stern School of Business, and he is also passionate about mixed martial arts [4] Awards and Recognition - Schulman has received numerous accolades, including being named one of Fortune's top 20 Businesspersons of the Year and securing third place in Fortune's list of the World's Greatest Leaders in 2021 [5][6] Vision as CEO - In his statement, Schulman emphasized Verizon's critical juncture and the opportunity to redefine its trajectory by increasing market share and improving key financial metrics [7] - He aims to maximize value propositions, reduce service costs, and optimize capital allocation to enhance customer satisfaction and ensure sustainable long-term growth for shareholders [7]