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UPDATED with closing prices and additional details: Shares in Viacom and CBS both declined more than 8% Wednesday as investors absorbed the details of the companies’ long-awaited merger during a broader stock market retreat. CBS stock closed at $44.62, 8% lower, and Viacom at $26.72, down 8.5%. Worries about weak…

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…

The massive wave of consolidation that reshaped the media and entertainment sector in 2018 has crested, leaving companies to “muddle through” an extended period until a willing seller materializes. That was one of the more provocative conclusions of a quartet of analysts on the NATPE panel “How Wall Street Watches…

UPDATED with closing price. Apple stock plunged to its lowest point in almost two years today, falling 10% after the company warned it would fall short of its own holiday sales forecasts. CEO Tim Cook sought to place the blame for worse-than-expected sales on China’s slowing economy and President Donald Trump’s trade…

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…

UPDATED with closing stock prices. After a nearly two-year odyssey of waiting for its acquisition ship to come in, Tribune Media is getting full credit from Wall Street for finally finding a home with Nexstar Media. After the companies’ $4.1 billion combination was announced this morning, Tribune stock jumped nearly…

Apple’s stock fell 5% today, reaching its lowest level in nearly four months, after key suppliers cut their forecasts citing reduced orders from a major customer. Lumentum Holdings, a supplier for 3D sensors used in Apple’s Face ID technology, and screen maker Japan Display, both lowered their outlooks because of…

Stocks rose across the board as investors translated the outcome of Election Day into increased optimism about the U.S. economy. The Dow Jones Industrial Average had its best session in weeks, rising 2% to 26,180, while the Nasdaq gained 2.6% to end the day at 7,570. The S&P 500 also had its best showing since…

The reviews are in from Wall Street analysts, and acting CBS CEO Joe Ianniello has won a few raves and stands on solid ground after his first quarterly report in the top job. “Concerns over potential disruption following Les Moonves’ exit have significantly abated as Joe Ianniello has confidently stepped into the…

Reflecting the toll of a bruising news cycle, Facebook reported mixed third-quarter results, missing Wall Street estimates for revenue and monthly active users but easily beating profit forecasts. Net income of $1.76 per share climbed from $1.59 per share in the same quarter a year ago to cruise past the consensus…

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…

The U.S. stock market had its worst day since February, with major indices all plunging on rising interest rates and anxiety about tech investments, trade wars and the cost of Hurricane Michael. The Dow 30 dropped more than 800 points, or 3.1%, to finish at 25,608.03. The S&P also retreated more than 3%, while the…