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AT&T To Spin Off WarnerMedia, Merge It With Discovery


AT&T To Spin Off WarnerMedia, Merge It With Discovery
AT&T Inc. (NYSE:T) has confirmed a report that it was in talks to spin off WarnerMedia and merge it with Discovery Communications Inc. (NASDAQ:DISCA). Shares of both companies rose in early trading after the confirmation. Q1 2021 hedge fund letters, conferences and more AT&T to spin off WarnerMedia, combine with Discovery AT&T and Discovery announced […]
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This story originally appeared on ValueWalk
AT&T Inc. (NYSE:T) has confirmed a report that it was in talks to spin off WarnerMedia and merge it with Discovery Communications Inc. (NASDAQ:DISCA). Shares of both companies rose in early trading after the confirmation. ....

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Dow, S&P 500 and Nasdaq snap 2-day win streak as tech stocks slide anew


Dow, S&P 500 and Nasdaq snap 2-day win streak as tech stocks slide anew
MarketWatch
1 hr ago
MARKET SNAPSHOT
© Armando Babani/AFP/Getty Images
U.S. stocks closed modestly lower Monday, but off the session lows, extending a slump for equities after all three main benchmarks notched their worst week in about three months amid fears of rising inflation.
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The Dow Jones Industrial Average shed 54.34 points to end at 34,327.79, a decline of 0.2%.
The S&P 500 index fell 10.56 points, or 0.3%, closing at 4,163.29.
The Nasdaq Composite Index slumped 50.93 points to finish at 13,379.05, a retreat of 0.4%.
On Friday, the Dow, S&P 500 and the Nasdaq Composite Index all logged their steepest weekly losses since Feb. 26, with the Nasdaq also booking its lengthiest weekly losing streak, four straight, since Aug. 23, 2019. ....

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