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Qualcomm CEO Cristiano Amon Shows How Company Will Grow: Jeff Kagan

Jeff Kagan | Equities.com |

Qualcomm CEO Cristiano Amon explained to investors how strong company growth would continue going forward. In fact, this strong news led Qualcomm to set a record high stock price in the days since. Let’s take a closer look at the changing industry, the changing technologies and the changing products and services. And let’s take a closer look at what that future holds for Qualcomm.

 

Qualcomm has been around for quite a long time, and they have con...


Dollar Tree To Raise Base Prices to $1.25

Kimberly Redmond | Equities.com |

Faced with the rising cost of goods and freight, discount retailer Dollar Tree Inc (Nasdaq: DLTR) plans to increase its baseline price from $1.00 to $1.25.

On Tuesday, the Chesapeake, Virginia-based chain said it has begun marking up merchandise at its 8,000 US stores, the latest sign that higher manufacturing and transportation costs are trickling down to consumers.


CVS Health To Close 900 US Stores Over Next Three Years

Kimberly Redmond | Equities.com |

CVS Health will close about 900 US stores over the next three years as part of a larger shift away from retail and toward healthcare services.

On Thursday, the Woonsocket, Rhode Island-based drugstore chain said its decision — which will ultimately impact 9% of its 10,000 stores nationwide — comes after “evaluating changes in population, consumer buying patterns and future health needs.”


Verizon FiOS Braces for Altice Optimum Market Entry: Jeff Kagan

Jeff Kagan | Equities.com |

It looks like we are getting ready to see another competitive battle. This time it is in New York and the tri-state market. Altice USA (ATUS) is getting ready to go into direct competition with Verizon (VZ) FiOS, according to Altice CEO Dexter Goei. Today, Altice reaches 1.26 million people and is planning on reaching 1.5 million by end of 2021. Goei says Altice is planning to move into the Verizon FiOS market area by expanding its network by another million next year.


Amazon Offering Greater Flexibility for Employees To Work Remotely

Kimberly Redmond | Equities.com |

Amazon.com Inc (Nasdaq: AMZN) is giving its tech and corporate employees more flexibility to work remotely even after the company begins to reopen its offices early next year.

On Monday, Amazon’s chief executive officer Andy Jassy said the company will leave it up to each individual team’s director to determine how often workers must come into the office. This marks a change from the company’s previous expectation that most employees would be back at their desks three days per week when offices fully reopen in January 2022.


How John Legere Saved T-Mobile US: Jeff Kagan

Jeff Kagan | Equities.com |

As a wireless analyst for more than thirty-years, I thought I had seen it all. I’ve commented on the success and failure, good moves and bad, of companies, products and services. Then John Legere suddenly entered the picture almost a decade ago as the CEO of T-Mobile US. He single-handedly saved T-Mobile, which at the time was the smallest of the major wireless carriers and was failing. Using some very unorthodox methods, he not only saved the company, but he turned it into a leader.


Walmart To Raise Hourly Wages by at Least $1 for 565,000 Workers Effective September 25

Reuters | Equities.com |

Walmart said on Thursday that it plans to raise wages for more than 565,000 store workers by at least $1 an hour, as the all-important holiday shopping season is set to kick off in the middle of a desperate labor crunch across the country.

With its third wage investment over the past year, Walmart's U.S. average hourly wage is now $16.40, Walmart U.S. Chief Executive John Furner said in a memo to staff.


Facebook's Most Viewed Article in Q1 Cast Doubt on COVID-19 Vaccine

Kimberly Redmond | Equities.com |

Facebook Inc (Nasdaq: FB) acknowledged that it held back from publishing a report about the most widely viewed posts on its social media platform from January through March 2021.

According to The New York Times, which obtained a copy of the report before Facebook released it, the most shared external link on Facebook during the first quarter of this year was a since-updated article that suggested a Florida doctor’s death was linked to the coronavirus vaccine.


Google Planning Hardware Manufacturing Hub in New Silicon Valley Campus

Kimberly Redmond | Equities.com |

Alphabet Inc’s (Nasdaq: GOOGL) Google LLC plans to set aside a significant amount of space to its hardware unit at a soon-to-be-developed office campus in Silicon Valley, a sign that the tech giant is getting more serious about its gadget business.

According to CNBC, the search giant is seeking approval from San Jose to redevelop five buildings in the northern part of the city into a pedestrian-friendly tech campus to house offices as well as a new hub for hardware.


Domino's Pizza Launches $50 Million Food Giveaway Promotion To Compete With Delivery Apps

Kimberly Redmond | Equities.com |

Domino’s Pizza Inc (NYSE: DPZ) is taking on third-party food delivery platforms that charge extra fees by giving away $50 million worth of free food to random customers across the US.

On Monday, the Ann Arbor, Michigan-based chain unveiled its “Surprise Frees” promotion, which Domino’s said is in response to the “surprise fees” charged by companies like Uber Technologies’ UberEats and DoorDash Inc.


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