Wall Street is getting off to a sluggish start after the S&P and Nasdaq hit fresh highs on Friday. Stock started the week in the minus column as investors shrugged off Emmanuel Macron’s widely expected victory in the French presidential election.
Here are some of the other stories the Yahoo Finance team is covering for you today.
Media Monday: deals and partnerships
It’s official: The biggest owner of local TV stations is getting even bigger. Sinclair Broadcasting (SBGI) is buying rival Tribune Media (TRCO) for about $4 billion in cash and stock. That translates to $43.50 per share. This comes just weeks after the FCC eased rules that limits the number of TV stations broadcasters can own.
Meanwhile, Comcast (CMCSA) and Charter Communications (CHTR) announced they’re teaming up to make inroads in the wireless space. The companies will cooperate on operating platforms and work with each other on wireless deals for a full year. Both Charter and Comcast have struck agreements with Verizon to offer customers wireless service.
The latest wisdom from Warren Buffett
We have all the highlights from the Berkshire Hathaway (BRK-A) annual meeting featuring Warren Buffett and his thoughts on his mistakes, Wells Fargo (WFC) and more.