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 Comcast Lights Up WiFi Boost Delivering Gig Speeds to Xfinity Mobile Customers on Millions of WiFi Hotspots

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Free Feature Supercharges Xfinity Mobile and Comcast Business Devices with Gig Speed On the Go

PHILADELPHIA–(BUSINESS WIRE)–Xfinity Mobile and Comcast Business Mobile devices can now connect to millions of new Xfinity Mobile hotspots and receive Internet speeds over WiFi up to 1 Gigabit per second (Gbps). By delivering a faster connection over Xfinity’s WiFi network, Comcast is helping ensure customers can stream, game, chat, download and surf wherever they are.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240409929896/en/

Comcast delivers gig speeds to Xfinity Mobile and Comcast Business Mobile customers (Graphic: Business Wire)

Today 90 percent of the mobile data traffic on Xfinity Mobile devices travels over WiFi, not cellular. With more than 23 million WiFi hotspots giving customers a speed boost, Xfinity Mobile continues to deliver a better experience to support data-intensive applications when traditional cellular networks can’t keep up. Comcast has invested more than $20B over the past five years to upgrade and expand the Xfinity network and introduce new innovative features like WiFi Boost to support the constantly increasing number of connected devices consumers use both inside and outside of the home.

We’re supercharging hotspots to unlock the full potential of our customers’ mobile devices and give you the boost you need, when you need it, to download a large file, stream a live sporting event, or host an important video call, said Kohposh Kuda, senior vice president, Xfinity Mobile, Comcast. A billion devices connect to WiFi over our network because it delivers a superior experience. We’ve invested billions of dollars in a network that can support the massive growth in data consumption and our WiFi Boost upgrade is a huge win for our mobile customers.

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As consumers increasingly want to enjoy experiences on the go, Xfinity Mobile and Comcast Business Mobile are tapping into the nation’s largest and most powerful WiFi network to deliver their customers even more speed. The extensive availability of WiFi is a major reason why Xfinity Mobile and Comcast Business Mobile are the fastest mobile services1 in Comcast areas.

Powered by a World-Class Network
WiFi Boost is made possible by Comcast’s fiber-based network which has been built to deliver an exceptional Internet experience, ubiquitously, to the more than 60 million homes and businesses and across more than 23 million WiFi hotspots in Comcast’s footprint. It is a culmination of years of research, technological breakthroughs, and massive investments, including more than $20 billion since 2018 alone, in development and infrastructure.

Fast speed is an important feature of a comprehensive connectivity experience that also combines this powerful network with sophisticated hardware and software to deliver incredible benefits to consumers, including 99.99 percent reliability, advanced cybersecurity protection, low latency, access to streaming content, and more.

Unlimited Plans Designed for Savings
Xfinity Mobile offers unlimited data plans for its Xfinity Internet customers and now those data plans are simpler and more affordable than ever. As customers add more lines, the more they save. Customers on unlimited plans get free calling and texting to Canada and Mexico from the United States. Unlimited customers also receive calling, texting, and roaming free to the U.S. when visiting Canada and Mexico.

With free access to up to gig-speed WiFi through the Xfinity network, unlimited data plans designed to save money, and the most popular devices, Comcast has emerged as one of the fastest growing mobile providers in the country with Xfinity Mobile and Comcast Business Mobile. The services have combined to add more than 6.5 million lines since launching in 2017 and have a long runway for sustained growth ahead. Both are offered as a value-added benefit to Internet customers who regularly rank Xfinity among the leading mobile providers in customer satisfaction.

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For more information or to sign up for Xfinity Mobile, visit an Xfinity Store or www.xfinity.com/mobile.

About Comcast Corporation (NASDAQ:)
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

1 Based on consumer testing of mobile WiFi and cellular data performance from Ookla ® Speedtest Intelligence ® data in Q4 ’23 for Comcast service areas, including its WiFi footprint, verified by Ookla for Comcast’s analysis.

Media:
Joel Shadle
Comcast Corporation
Joel_Shadle@comcast.com

Source: Comcast Corporation

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US stocks slightly lower after Christmas holiday

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Investing.com– U.S. stocks were slightly lower on Thursday, though trading volumes were thin a day after the Christmas holiday.  

At of 12:58 ET (17:58 GMT), the  fell 0.10%, the was down 0.1%, while the declined 0.01% or 6 points.

Jobless claims in U.S. dip to one-month low

The weekly U.S. jobless claims data released before the market opened on Thursday and saw a one-month low dip. 

The Labor Department reported a decrease of 1,000 in initial applications for state unemployment benefits, bringing the seasonally adjusted figure to 219,000 for the week that ended on December 21. This figure is lower than the 224,000 claims that economists had predicted for the same week.

Meanwhile, the number of individuals receiving benefits after their first week of aid, which serves as an indication of hiring, increased by 46,000. This brought the seasonally adjusted total to 1.910 million for the week that ended on December 14, the highest since November 2021. Economists had previously anticipated the number of these continued claims to be 1.880 million. 

“We do not think that this week’s data will move the needle for any of them, but more prints in line with the tone of this week’s data may motivate the doves on the Committee to speak up,” Jefferies said in a recent note.

Tech stocks flat despite Apple upgrade   

The major tech giants were mostly down after the markets opened, with Apple marginally higher despite an upgrade from tech-bull Wedbush. 

Apple Inc (NASDAQ:) gained 0.2% affter Wedbush raised its price target on Apple to $325 from $300 banking on transformative AI-driven iPhone upgrade cycle poised to fuel growth into 2025. 

“We believe Apple is heading into a multi-year AI driven iPhone upgrade cycle that is still being underestimated by the Street,” Wedbush said in a recent note.

Crypto-related stocks slip as bitcoin skids, but KULR Technology surges on BTC purchase 

Crypto-related stocks including MicroStrategy Incorporated (NASDAQ:), Coinbase Global Inc (NASDAQ:), and Riot Platforms (NASDAQ:) followed bitcoin lower as the most valuable cryptocurrency fell more than 2%. 

KULR Technology jumped 30% after the space technology company bought about 217 bitcoin and detailed plans to allocate up to 90% of its excess cash to bitcoin.

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Lichen China Limited announces $2.8 million share sale

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XIAMEN, China – Lichen China Limited (NASDAQ:LICN), a company specializing in financial and taxation services, has announced a definitive agreement with several investors for a registered direct offering. The offering involves the sale of 20 million Class A ordinary shares, or pre-funded warrants as an alternative, at a price of $0.14 per share. This transaction is expected to yield approximately $2.8 million in gross proceeds for the company. The offering comes as the company maintains strong financial fundamentals, with InvestingPro data showing an impressive gross profit margin of 61% and a healthy current ratio of 17.55x.

The closing of the sale is anticipated on or about December 27, 2024, pending the fulfillment of customary conditions. Univest Securities, LLC is the sole placement agent for the offering, which is being conducted under an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on March 1, 2024.

Investors can access the final prospectus supplement and accompanying prospectus, detailing the offering’s terms, on the SEC’s website once filed. The offering is only valid in jurisdictions where it is lawful, and the securities cannot be sold in any jurisdiction where such an offer, solicitation, or sale would be illegal prior to registration or qualification under the applicable securities laws.

Lichen China, with over 18 years of experience, has established a reputation for providing professional and high-quality financial and taxation solutions in China. The company also offers education support services and software and maintenance services under the “Lichen” brand. Despite the stock’s significant decline of 89% year-to-date, InvestingPro analysis indicates the company is currently undervalued, with robust revenue growth of 25% in the last twelve months. Get access to 16 additional ProTips and comprehensive financial analysis with an InvestingPro subscription.

The company’s press release contains forward-looking statements that involve risks and uncertainties. While Lichen China believes the expectations reflected in these statements are reasonable, they caution that actual results may differ materially. Trading at a P/E ratio of 6.4x and with a market capitalization of $8.17 million, investors are encouraged to review factors that may affect the company’s future results in its registration statement and other SEC filings.

This news article is based on a press release statement from Lichen China Limited.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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2024 Year-End NAIC Designations  for STACR REMIC Trust, STACR Trust, and STACR Debt Notes

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MCLEAN, Va., Dec. 26, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: OTC:) today published on its website the National Association of Insurance Commissioners (NAIC) 2024 filing year designations for certain STACR REMIC Trust, STACR Trust, and STACR Debt Notes (collectively, STACR Notes).

Overall, of the 209 reviewed STACR Notes, all have achieved NAIC 1 Designation including all A1, M1 and M2 Notes offered through 2024 STACR transactions. In addition, 10 of the 2024 NAIC 1 Designations are upgrades from their 2023 NAIC 2 Designations. The below table details the upgrades:

CUSIPDeal Name2023 Year-End NAIC Designation2023 Year-End NAIC Designation Modifier2024 Year-End NAIC Designation2024 Year-End NAIC Designation Modifier
35564KB57STACR 2022-HQA2 M2B2B1E
35564KB65STACR 2022-HQA2 M22A1D
35564KE62STACR 2022-HQA3 M2B2C1F
35564KE70STACR 2022-HQA3 M22B1E
35564KP60STACR 2023-DNA1 M2B2C1E
35564KP94STACR 2023-DNA1 M22A1E
35564KT82STACR 2023-DNA2 M2B2C1E
35564KU31STACR 2023-DNA2 M22A1E
35564KY29STACR 2023-HQA1 M2B2B1E
35564KY37STACR 2023-HQA1 M22A1E

About Freddie Mac Single-Family Credit Risk Transfer

Freddie Mac’s Investment & Capital Markets Credit Risk Transfer (CRT) programs transfer credit risk away from U.S. taxpayers to global private capital via securities and (re)insurance policies, providing stability, liquidity and affordability to the U.S. housing market. The GSE Single-Family CRT market was founded when Freddie Mac issued the first STACR ® (Structured Agency Credit Risk) notes in July 2013. In November 2013, ACIS ® (Agency Credit Insurance Structure ®) was introduced. Today, the industry-leading and award-winning programs attract institutional investors and (re)insurance companies worldwide. For specific STACR and ACIS transaction data, visit Clarity Data Intelligence ®.

About Freddie Mac
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | LinkedIn | Facebook| X | Instagram | YouTube

MEDIA CONTACT:
Fred Solomon
703-903-3861
Frederick_Solomon@FreddieMac.com

INVESTOR CONTACT:
Christian Valencia
571-382-4236

Source: Freddie Mac

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