April 20, 2017 / 10:27 PM / 7 months ago

Business Watch: A first for Verizon

Subscribers’ exodus

An advertisement for Verizon is seen at Times Square in New York, May 12, 2015. Verizon Communications Inc said on Tuesday it will buy AOL Inc for $4.4 billion, turning the biggest U.S. wireless carrier into a leading provider of content and video for the web and mobile phones. REUTERS/Shannon Stapleton

Verizon reported its first-ever quarterly loss of subscribers, even as it offered an unlimited data plan in an attempt to fend off smaller rivals like T-Mobile US and Sprint.

On the other hand, shares of Visa jumped after the world’s largest payments network operator says it expects full-year profit at the high-end of its forecast.

For more earnings news, click here.

Tesla pulls the brake

The luxury electric car maker announced it would recall 53,000 of its Model S and Model X cars globally to fix a parking brake issue.

Bubble-spotting is hard, and rare

The market probably isn’t in a bubble and your consideration of the matter sets you on a path to do more harm then good, writes Reuters columnist James Saft.

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