The State Of The US Consumer: AT&T Crashes As Americans Can’t Afford To Pay Their Phone Bills

Shares of AT&T fell on Thursday after CEO John Stankey said that customers are starting to put off paying their phone bills – which resulted in the wireless carrier cutting this year’s forecast for free cash flow by $2 billion, Bloomberg reports. ” … and do not harm the oil and the wine.” Rev:6 Shares fell as much as 11% in early trading, the company’s largest slide since 2022 which erased the stock’s YTD gains. A weakened consumer adds