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Karat Packaging earnings beat by $1.00, revenue fell short of estimates

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Is T-Mobile Down Right Now? What to Know About Reported Outages and Service Issues This Thursday

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US wireless carrier T-Mobile revealed more details of a data breach that affected millions of customers

Some T-Mobile customers searching online Thursday for answers about spotty service are asking a familiar question: is T-Mobile down right now? Based on current outage-tracking data, the answer appears to be no, at least not on a widespread scale, though a normal background level of scattered user complaints continues to show up across monitoring services.

According to outage-tracking site StatusGator, T-Mobile is currently listed as operational, with 255 user-submitted reports of problems logged over the past 24 hours, a volume the service does not currently flag as indicating a broad outage. A separate tracking site, Outage.Report, similarly reported that T-Mobile appears to be working normally, with report volume falling within the typical range expected for this time of day, and noted that the last recorded T-Mobile incident occurred roughly six days earlier.

What the Data Shows

Outage-tracking services like StatusGator, Outage.Report and Downdetector work by aggregating user-submitted reports and comparing current complaint volume against each carrier’s typical baseline for a given time of day and region. When reports spike well above that baseline, these services flag a potential outage; when volume stays within the expected range, as appears to be the case for T-Mobile as of Thursday, the service is generally listed as operating normally.

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That said, individual users can still experience localized service disruptions even when no broad, carrier-wide outage is detected. Recent user reports collected by outage-tracking sites have included complaints ranging from slow or unusable Wi-Fi speeds in specific ZIP codes to intermittent loss of data signal in individual cities, issues that often reflect localized network congestion, tower maintenance or device-specific problems rather than a nationwide service failure.

If You’re Experiencing Problems

For T-Mobile customers currently dealing with connectivity issues despite the absence of a confirmed widespread outage, outage-tracking services generally recommend a standard troubleshooting sequence. Restarting the T-Mobile app, followed by restarting the device itself and then the home router if applicable, resolves many localized connectivity issues without requiring further escalation. If problems persist after those steps, checking whether other users in the same specific area are reporting similar issues, through outage-tracking websites or T-Mobile’s own service status tools, can help determine whether the problem is isolated to an individual account, device or location.

Users experiencing ongoing issues are also encouraged to submit their own reports through outage-tracking platforms, since anonymous, crowdsourced reporting is the primary mechanism these services use to detect emerging problems, often before a company issues any official acknowledgment.

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A Carrier With a History of Periodic Disruptions

While Thursday does not appear to represent a significant outage day for T-Mobile, the carrier, like its major competitors, has experienced periodic service disruptions in the past that have drawn national attention. In one previous incident, complaints to Downdetector jumped sharply within the span of an hour, climbing from roughly 82 reports to more than 700, with users in cities including Chicago, Los Angeles, Detroit, Seattle, Houston, Atlanta, Indianapolis, Charlotte and Minneapolis reporting problems. In that case, roughly half of the complaints centered on T-Mobile’s 5G Home Internet service, while a similar share involved difficulty connecting to a mobile signal on phones, and a smaller portion described vague “no signal” issues without further detail.

A separate previous outage saw complaint volume surpass 1,300 reports within a relatively short window, with the Los Angeles and Dallas areas emerging as the primary hot spots for user complaints. In that instance, Mint Mobile, a low-cost carrier that operates on T-Mobile’s network infrastructure, also experienced simultaneous service disruptions, illustrating how outages affecting T-Mobile’s core network can cascade to the various smaller carriers that lease access to its towers.

How to Verify Service Status Yourself

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Customers looking to check T-Mobile’s current service status have several options beyond general web searches. Third-party outage-tracking sites like Downdetector, StatusGator and Outage.Report continuously monitor user-submitted reports and display real-time status information, often including interactive maps showing which specific regions are experiencing elevated complaint volume. T-Mobile also maintains its own official channels, including customer service accounts on social media platforms, where the company has previously responded directly to individual customers experiencing service problems, typically requesting that affected users send details through direct message so a representative can review the specific issue affecting their account or location.

Distinguishing a Local Problem From a Broader Outage

For any customer unsure whether a connectivity problem reflects a personal device or account issue versus a broader network disruption, checking whether reports are clustering heavily in a specific city or region, as opposed to appearing scattered and isolated, can offer a useful signal. A genuine widespread outage typically produces a sharp, sudden spike in reports concentrated in particular geographic hot spots, as seen in past T-Mobile disruptions, rather than the steady, low-level trickle of complaints that outage-tracking services describe as normal background activity on any given day.

What to Watch For

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As of Thursday, available outage-tracking data does not indicate a significant, ongoing T-Mobile service disruption. Customers experiencing problems are more likely dealing with a localized issue tied to their specific device, account, home router or regional tower coverage rather than a broader nationwide outage. Should report volumes begin climbing sharply on tracking platforms like Downdetector or StatusGator later in the day, that would represent the clearest early signal of a genuine, more widespread disruption developing, at which point official updates from T-Mobile’s customer service channels would likely follow as the company works to identify and resolve the underlying cause.

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Caitlin Clark facing a rite of passage in WNBA

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Caitlin Clark facing a rite of passage in WNBA

Caitlin Clark of the Indiana Fever and Shaquille O’Neal.

Mike Lawrence | National Basketball Association | Rob Kim | Getty Images

NBA great Shaquille O’Neal told CNBC he thinks Caitlin Clark is facing a rite of passage that “all the greats went through” as the Indiana Fever guard navigates her third season in the WNBA.

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“Once she passes through that, the league will belong to her,” O’Neal said during a CNBC Sport interview on the set of his show, “Dunkman.”

Clark has been the target of some harsh fouls that include hip checks, eye pokes and a recent blow to the throat. That, combined with league officiating, has spurred national debate and even prompted some lawmakers to seek “accountability” from the league for its handling of behavior against Clark.

O’Neal said he experienced similar treatment during his playing days and that he watched the same take place with basketball legends such as Michael Jordan, Kobe Bryant, LeBron James and Magic Johnson and with boxer Muhammad Ali.

“All the greats have to go through what we call rites of passage. She’s a fabulous player, but we’re not giving you anything, ever. You have to earn it,” O’Neal said. “So for her, she needs to toughen up, take those licks, and show them that, ‘These licks don’t bother me.’”

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Three-time WNBA champion Diana Taurasi, who played 20 seasons in the league, recently disputed the idea that the game has become more physical.

“If you think the game is physical now, go back and watch the girls’ Finals 15 [or] 16 years ago,” she said, speaking at the CNBC Sport x Boardroom Game Plan Summit last month.

The physical play against Clark intensified on June 24, with a hit to the throat from Phoenix Mercury forward Alyssa Thomas. No foul was called on the play, but following widespread criticism, the league reviewed the play and Thomas received a one-game suspension for “recklessly making contact with her fist to the throat area.”

On July 3, Clark addressed the incident, saying the “reffing needs to be better” and the “league’s just gotta do better protecting players.”

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“Ultimately, the issues around Caitlin Clark are not largely about officiating,” NBA Commissioner Adam Silver said at the July Game Plan event. “She’s become a bit of a political football in this country, and I think that’s incredibly unfair to her.”

O’Neal said that Clark has to continue to prove herself to the other players in the league.

“There’s a lot of other girls with similar skills, who get no play, who get no mention, and there’s jealousy — professional jealousy,” he said.

The three-time All-Star has already become the fastest player to hit 1,000 points, 250 rebounds and 250 assists — in just 54 career games, breaking Taurasi’s previous record of 62 games.

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On July 17, she scored a career-high 45 points against the Seattle Storm.

“Keep doing that, and the rites of passage will start to open up, and they will invite you in and give you the throne,” O’Neal said.

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Louisville Ladder recalls 1.77 million ladders over potentially deadly fall risk

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Louisville Ladder recalls 1.77 million ladders over potentially deadly fall risk

Kentucky-based Louisville Ladder is recalling roughly 1.77 million attic stairway ladders after receiving reports that bolts can break while the products are being used, creating a potentially deadly fall hazard.

The recall involves certain Louisville, Featherlite, Lite and Century attic stairway ladders equipped with gas struts, according to a notice issued Thursday by the U.S. Consumer Product Safety Commission (CPSC).

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“The bolts on the attic stairway ladders can break while in use, posing a risk of serious injury or death from fall hazard,” the CPSC said.

RECALL ISSUED FOR DOG AND HORSE MEDICATION AFTER FIBERGLASS FOUND IN VIALS

The brand marking is shown on a recalled attic stairway ladder equipped with gas struts.

The recall involves certain Louisville, Featherlite, Lite and Century attic stairway ladders equipped with gas struts. (U.S. Consumer Product Safety Commission)

The company has received 11 reports of bolts breaking. One incident resulted in injuries to a consumer’s neck, head and back, according to the agency.

The affected aluminum- and wood-frame ladders include handrails and fold into attic openings. They were sold in several frame sizes, including widths of 22.5, 25.5 and 30 inches and lengths of 54 and 60 inches.

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The ladders were designed for ceiling heights ranging from 7 feet, 8 inches to 12 feet, the CPSC noted.

POPULAR WALMART NUT BUTTER RECALLED AFTER TESTING DETECTS SALMONELLA

A close-up shows the label plate and model number on a recalled attic stairway ladder equipped with gas struts.

The ladders were sold at Home Depot, Lowe’s, Do It Best, Orgill and other retailers nationwide, as well as on Amazon. (U.S. Consumer Product Safety Commission)

Consumers can find the brand name and model number on the inside of the attic door.

The ladders were sold at Home Depot, Lowe’s, Do It Best, Orgill and other retailers nationwide, as well as on Amazon, from November 2012 through July 2026, according to the notice.

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Prices ranged from approximately $170 to $600.

An additional 13,054 ladders were sold in Canada.

TARGET, KROGER, MEIJER FRUIT PURÉE POUCHES RECALLED OVER PLASTIC RISK: FDA

The spreader bolt location is shown on a recalled attic stairway ladder equipped with gas struts.

The Kentucky-based company has received 11 reports of bolts breaking. One incident resulted in injuries to a consumer’s neck, head and back, according to the agency. (U.S. Consumer Product Safety Commission)

Consumers are being urged to stop using the recalled ladders immediately and register for a free repair kit. 

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For more information about the recalled products, visit the CPSC’s website.

Louisville Ladder could not immediately be reached by FOX Business for comment.

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PureField Ingredients doubles down on sustainability

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PureField Ingredients doubles down on Kansas sustainability

Company opens carbon capture and sequestration facility, plans another expansion.

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Savers Value Village thrift store launches new AI tool to price items

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Savers Value Village thrift store launches new AI tool to price items

Savers Value Village is launching a new platform leveraging artificial intelligence to help optimize product pricing, the company told CNBC exclusively, as the tricky-to-price thrift segment gains traction around the world.

The new platform, called ThriftIQ, uses AI to reduce the work needed to price items across the men’s and women’s apparel assortment and bring more consistency.

“We’re getting clear sell-throughs, larger baskets, it’s helping our new stores ramp more favorably, and obviously there is the profitability improvements,” CEO Mark Walsh told CNBC.

The tool has already been deployed in 58 pilot stores, according to the company, pricing more than 25 million items. That number is expected to double by the end of the year, Walsh added.

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Savers, which had 375 stores at the end of the second quarter, said it processes more than 1 billion pounds of reusable goods every year. ThriftIQ was developed in partnership with data science and technology consulting firm Kaizen Analytix using Savers’ proprietary data sets, which the company has been developing for nearly two years.

“It’s not dynamic pricing, and once those garments are priced and tagged, that tag doesn’t change,” Walsh said.

The company’s goal with the new AI tool is to bring more predictable pricing for customers while also keeping average prices the same or lower, remaining between roughly 40% and 70% below traditional retail prices.

Savers said ThriftIQ marks the latest step in the company’s broader strategy to modernize and enhance its business operations. It will deploy the platform across more of its U.S. and Canadian locations through early 2028.

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Walsh said the tool is not meant to get rid of manual labor in stores, but rather make workers more productive.

“Savers is transforming thrift through innovation, and I couldn’t be more excited about the trajectory of the business,” he said.

The tool comes at a time when secondhand retail and thrift are seeing a surge, especially with the macroeconomic backdrop of higher inflation, lower consumer confidence and more price-conscious buyers.

“We are benefiting from some very powerful secular momentum in this space. Thrift has gone, and is continuing to go, mainstream in retail, and so we see that in the younger customers, in the more affluent customers, for example, that are adopting thrift,” Chief Financial Officer Michael Maher told CNBC. “But I think in addition to that, we are bringing investment, technology, innovation and execution to that.”

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Savers also reported its second-quarter earnings on Thursday, seeing a 7.4% increase in total net sales, which came in at $448.2 million. Comparable store sales increased 4.4%.

Savers reported net income of $21.6 million, or 14 cents per share, for the quarter, versus $18.9 million, or 12 cents per share, in the prior-year period.

Maher also said the company saw its third consecutive quarter of year-over-year growth in earnings before interest, taxes, depreciation and amortization.

The company incorporated the impact of ThriftIQ into its updated 2026 guidance, saying that it expects to return to a “high-teens adjusted EBITDA margin within the next three years.”

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“This is just the latest chapter of transformative innovation,” Maher told CNBC. “It is a core plank of our long-term strategic plan, and yes, we’re constantly looking at innovation.”

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Versant (VSNT) earnings Q2 2026

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Versant (VSNT) earnings Q1 2026

Versant Media Group raised its full-year guidance on Thursday, boosted by momentum in its digital brands like Fandango and GolfNow, as well as what executives referred to as “strength” in its overall business model.

The company now expects total revenue for 2026 of $6.2 billion to $6.45 billion and adjusted earnings before interest, taxes, depreciation and amortization of $1.9 billion to $2.05 billion.

This marks Versant’s third earnings report since it was spun out from Comcast’s NBCUniversal at the start of the year. The company, which includes a portfolio of pay TV networks including CNBC, MS NOW and The Golf Channel began trading as a public company in January.

Versant’s earnings once again showcased that live sports and news grab the most viewers and advertising dollars for traditional TV, despite ongoing pressure on the bundle as it loses customers to streaming alternatives.

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The company beat Wall Street expectations on the top and bottom lines. Versant shares were up more than 6% at the close of trading on Thursday.

Here’s how Versant performed for its second quarter, ended June 30, compared with Wall Street’s estimates, according to LSEG:

  • Earnings per share: $1.49 vs. $1.35 expected
  • Revenue: $1.64 billion vs. $1.62 billion expected

Revenue for linear TV, which also includes channels USA Network, Syfy, Oxygen and E!, was down 6.3% during the quarter to $954 million, due to subscriber declines.

CEO Mark Lazarus said in a release on Thursday the company completed carriage agreements “with two large distribution partners, one in the U.S. and one in Canada.” Many of Versant’s distribution deals were locked up when it was still under NBCUniversal’s ownership.

Versant executives have said they aim to diversify the company’s revenue base — with an eye toward achieving a revenue mix of 50% from its digital, platform, subscription, ad supported and transactional businesses. The aim is to be less reliant on the linear TV model. Currently more than 80% of Versant’s revenue stems from the pay TV business.

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Versant leadership has also said it would explore acquisitions of nontraditional media businesses to broaden its revenue streams and add growth.

This week the company closed its acquisition of golf simulation company Full Swing. Versant already owns digital media platform GolfPass and tee-time reservation company GolfNow. Earlier this year Versant bought StockStory, an artificial intelligence-powered tech platform that provides financial analysis, market insights and stock recommendations for CNBC.

Advertising revenue for the quarter was down 0.6% to $423 million, an improvement compared with the rate of decline during the same period last year due to higher ratings for its networks, which are heavily centered on news and sports.

Revenue for the platforms segment — which includes Fandango and GolfNow — was up 0.8% to $225 million for the quarter. Excluding the company’s divestiture of SportsEngine, platforms revenue was up 9.3%.

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The company attributed that increase in part to higher revenue at Fandango from movie ticket purchases and video-on-demand transactions as well as stronger bookings, payments and subscription revenue for GolfNow.

Versant has launched a free, ad-supported Fandango streaming service in a bid to increase its advertising and users for the platform. Versant’s USA Sports also recently announced a media rights deal with German soccer league Bundesliga, which brings live matches to USA Network and Fandango beginning in August.

Overall, Versant revenue declined 3.8% year over year to $1.64 billion.

Net income attributable to Versant declined 30% to $211 million, or $1.49 per share, from $302 million, or $2.09 per share a year earlier. The company attributed that drop to lower revenue, public company costs, interest expense related to the Comcast separation, and an increased tax expense largely due to the divestiture of SportsEngine.

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Adjusted EBITDA decreased 8.9% to $624 million. However, when compared with stand-alone adjusted EBITDA, a metric to more directly compare performance of the pre-spin portfolio companies to current results, adjusted EBITDA was up 3% year over year. Versant said the increase reflected lower programming expenses and reduced costs that offset revenue declines.

The company also declared a quarterly cash dividend for the third quarter in a row, again at 37.5 cents a share. The latest dividend is payable on Oct. 22 to shareholders of record as of the close of business on Oct. 1.

Versant said it completed a previously announced $100 million accelerated share repurchase agreement. The company repurchased nearly 2.4 million shares of Class A common stock with a remaining authorization of roughly $800 million as of June 30.

The company said it plans to enter into a similar stock repurchase agreement on Aug. 7 to repurchase $100 million of Class A stock, which it anticipates will close during the third quarter.

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Disclosure: Versant Media Group is the parent company of CNBC.

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US stocks: Dow, S&P slip as investors eye Mideast talks, earnings

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US stocks: Dow, S&P slip as investors eye Mideast talks, earnings
The Dow and S&P 500 indexes closed lower on Thursday, pausing after a strong start to the week, as investors digested the latest round of corporate earnings and looked for signs of progress toward a peace deal between the U.S. and Iran.

A robust earnings season, which has tempered some concerns about the massive spending by AI-related companies, and growing optimism over ‌the potential end ⁠of hostilities ⁠in the Iran war helped propel both the Dow Industrials and S&P 500 to record highs earlier this week. Oil prices rose, with U.S. crude settling up 2.75% at $77.29 ​a barrel and Brent settling at $82.49 per barrel, up 3.83%. Iran’s semi-official Fars news agency reported that an Iranian parliamentary committee is reviewing a ​preliminary bill that would bar U.S., Israeli and other “hostile” vessels from transiting the Strait of Hormuz.

“You’re seeing perhaps more muted response to macro news than you would otherwise see, probably due to the fact of the summer and a little bit of fatigue, there’s a ​little bit of headline fatigue, specifically around Iran,” said Robert Bernstone, head of trading at ⁠SummitTX Capital in ‌New York.

“Iran is having less of an impact right now, to be clear, I’m not saying it ​has no impact … ​tweets are something, headlines are something, but we really want to see the devil is in the ⁠details.”

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According to preliminary data, the S&P 500 lost 13.56 points, or 0.18%, to end ​at 7,709.99 points, while the Nasdaq Composite lost 10.99 points, or 0.04%, to 26,352.45. The Dow ​Jones Industrial Average fell 453.64 points, or 0.83%, to 53,895.48.


The recent indications of movement toward a peace deal helped push crude prices lower earlier in the week and, in turn, eased inflation worries and expectations for a rate hike from the Federal Reserve, which also served to push U.S. Treasury yields lower.
WESTERN DIGITAL, SANDISK DROP Data storage company Western Digital tumbled and memory chip maker Sandisk dropped in the wake of quarterly results. Both companies have surged this year, however, with Sandisk up more than 400% and Western Digital up about ‌160%. AppLovin plunged after the marketing platform missed Wall Street estimates for quarterly revenue, while Datadog plummeted after the cloud security firm said it expects revenue growth to slow in the third quarter. Both stocks were among the biggest ​drags on the ​benchmark S&P index.

Of the 382 companies ⁠in the S&P 500 that have reported earnings through Wednesday morning, 84.8% have topped analyst expectations, according to LSEG data, well above the 68% average beat rate since 1994.

SPACEX LOCKUP PERIOD ENDS

SpaceX shares erased losses from earlier in the session and closed higher, defying expectations that they would be pressured by insider selling, as the lockup period for early investors holding the stock expired. On the data front, the number of Americans filing claims for unemployment benefits increased slightly last week. The report came ahead of closely watched nonfarm payrolls figures for July due on Friday, which will shape expectations for the Fed’s path of interest rates at a time when Chairman Kevin Warsh has scaled back on forward guidance from the central bank.

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LARRY KUDLOW: Democratic Party socialism is unaffordable

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LARRY KUDLOW: No sock puppet — Kevin Warsh will bring a gust of fresh air to the Federal Reserve

It’s so interesting to me how these socialists who are taking over the Democratic party, are hiding behind the veil of affordability. They don’t want to tell you that their agenda is all about unaffordability, or in short wrecking the whole economy. 

Think of this, they will tax all manner of wealth and income. Indeed, take candidate Abdul El-Sayed and Mayor Zohran Mamdani, who basically want to liquidate any of your gains from successful wealth and work. And they say it all the time. In fact, Mr. Mamdani just yesterday talked about how in New York City apartments, it’s the people who live there who own it, not the owners who own it — that by the way is communism.

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And then there’s the Medicare for All idea which is nothing but a euphemism, not simply for the takeover of the healthcare system, but basically for an economy-wide takeover. They want the government to run the economy. Period. Full stop.

Of course they want to defund the police and ICE, and they want open borders, and rampant illegal immigration, and then the even nuttier stuff of abolishing the senate, changing presidential elections. The insanity grows the more you listen.

Back to affordability, though. The socialists had a leg up on their program during the Biden years. Don’t forget the Green New Deal, and the phony Inflation Reduction Act, and Covid spending long after Covid was gone. Their giant spending bills and their attempted regulation of the economy, led to a 9 percent inflation peek, the highest in four years. And overall, the consumer price index cumulatively rose by 21.4 percent. Okay.

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So Messrs. El-Sayed and Mamdani and Senators Bernie Sanders and Elizabeth Warren and Congresswoman Alexandria Ocasio-Cortez, they had their chance. They got about half the socialism during the Biden years that they would ever do if they won a national election, and look what they did. Is that affordability? Remember, 21 percent inflation. Real wages fell during their period, actually fell. That’s not affordability. So there’s a lesson to be learned here. 

Their affordability mantra is a coverup for a state-run economy and soaring inflation, which is by the way according to polls, working folks including average minority working folks are not voting for them. They went for Trump in 2024.

So that’s a lesson for the GOP. Hone in on the differences between free enterprise capitalism, which rewards success, and puts more money in your pocket, letting you keep more of what you earn, and that is real affordability. 

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By contrast, this new Democratic Party socialism will take money out of your pocket, will lead to rapid inflation from the government’s takeover of the economy, will rob you of your success, and devalue the human dignity of work, enterprise, and initiative.

Think of it this way, socialism is a discouragement to the individual, the economy, and the nation. And antisemitism is perhaps the driving force behind the entire socialist movement. Free market capitalism is an encouragement to the individual, the economy, and the nation. Those are the differences in affordability. Democratic party socialism is unaffordable. And free market capitalism is surely worth fighting for.

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Smith Douglas Homes Corp. (SDHC) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript