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UPDATED with closing numbers An escalation of the U.S.-China trade war Friday, with new tariffs eliciting harsh rhetoric from President Donald Trump, sent U.S. stocks tumbling as the media business kept a wary eye on the situation. The Dow Jones Industrial Average entered the final minutes of trading at 25,628.90…

The stock market finished a volatile week on the upswing Friday as virtually all media and tech issues managed to reverse their recent slides. The Dow Jones Industrial Average posted its second straight day of gains, rising 309 points to finish at 25,889.33, after an alarming 800-point dive Wednesday, the worst drop…

After the Dow Jones Industrial Average posted an 800-point loss on Wednesday, its steepest of 2019, the stock market stabilized Thursday and most media and tech shares saw their fortunes improve. It was not an upbeat day for the soon-to-merge CBS and Viacom, however. The two companies saw their stock prices drop for…

Shares of luxury exhibitor iPic, which operates 16 theaters in nine states including New York and California, jumped 19% on Friday on 10 times their normal trading volume. The rally isn’t likely to last, though, as word came Thursday from the SEC that the bankrupt company’s stock is set to be delisted next week from…

Stock markets in the U.S. slumped badly Monday, notching some of their worst single-day declines of 2019, during a global market correction spurred by increasing anxiety about U.S.-China trade relations. President Donald Trump has vowed to implement more tariffs on China. The nations are several months into a clash…

Shares in MoviePass parent Helios & Matheson began trading over the counter today after the beleaguered company was delisted by the Nasdaq. The ouster from the major stock market comes after several warnings relayed in SEC filings in recent months, given that companies cannot have their shares trade below $1 for…

Seeking new sources of cash, MoviePass parent Helios & Matheson Analytics has agreed to sell institutional investors some 333.3 million units of common stock and warrants. In a press release, the company said the registered direct offering would close “on or about” January 16 and generate $5.4 million in…

After enduring the worst Christmas Eve trading session on record, stock markets staged a record rally today as bulls triumphed over bears wary of the churning political climate around trade and U.S. fiscal policy. The Dow, which plunged 600 points two days ago, had its biggest one-day gain in history, rising 1,086…

The stock market took a dive after President Donald Trump’s tough talk on trade with China, dragging down media and tech shares along with many other sectors. The Dow Jones Industrial Average fell 799.36 points, or 3%. It is now just above the 25,000-point milestone. The damage was worse on a percentage basis for the N…

On another rough day for Wall Street, major stock indices lost more ground, with the Dow Jones Industrial Average, Nasdaq and S&P 500 all now below where they began 2018. The Dow skidded 2% to finish at 24,463.47, while the S&P swooned a shade less than 2% to settle at 2,641.88. The Nasdaq fell another 1.7% to…

The board of directors of MoviePass parent Helios and Matheson has canceled a shareholder vote on a reverse stock split, warning in an SEC filing that if it doesn’t manage to prop up its share price soon, it will face delisting by the Nasdaq. The company known for pioneering subscription moviegoing, whose shares once…

On a rough day for Wall Street, especially the Nasdaq, media and tech stocks were hit harder than many other sectors. A large swath of the industry endured stock drops of 5-10% on the day — for many companies, those single-day losses were among their steepest of 2018. AT&T, which delivered mixed earnings news this…