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Fox Business

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Fox Business

AT&T Discovery taps David Zaslav as CEO: What to know

Mon, May 17, 2021

David Zaslav, the longtime chief executive of Discovery Communications Inc., will sit at the helm of AT&T Inc's WarnerMedia division and Discovery's combined media company....

Homebuilder confidence high despite growing concerns over price, availability of materials

Mon, May 17, 2021

According to the National Association of Homebuilder's (NAHB)/Wells Fargo housing market index, the reading for homebuilder confidence for newly built single-family homes for the month of May was 83, holding steady month-over-month. However, the NAHB notes that aggregate residential construction material costs are up 12% year-over-year and are expected to move even higher....

Stocks slip with AT&T, Discovery deal in focus and Tesla

Mon, May 17, 2021

U.S. equity markets were lower as traders digested the AT&T-Discovery mega-merger....

'Tesla has not sold any Bitcoin,' Elon Musk says

Mon, May 17, 2021

This is Musk's latest in a string of recent comments regarding Bitcoin, impacting the market price of the cryptocurrency....

AT&T, Discovery agree to merger of CNN, other media assets

Mon, May 17, 2021

AT&T Inc. has agreed to merge its WarnerMedia division with Discovery Communications Inc., creating a streaming giant behemoth to compete with Walt Disney Co.'s Disney+ and Netflix....

US stocks trending lower hours before Wall Street opening bell

Mon, May 17, 2021

U.S. equity futures were trading lower ahead of the release of earnings reports from the country's largest retailers....

Bright Machines nears SPAC deal to go public

Mon, May 17, 2021

Bright Machines is nearing a merger with a special-purpose acquisition company to go public in a deal that would value the manufacturing-automation business at about $1.6 billion, according to people familiar with the matter....

At Home Group’s biggest shareholder to oppose deal to take retailer private

Mon, May 17, 2021

The largest shareholder of home-furnishings chain At Home Group Inc. plans to oppose a deal to take the retailer private because it says the sale price is too low, according to a copy of a letter to the company’s board of directors viewed by The Wall Street Journal....

Coca-Cola tires on energy drink and will stop sales in North America

Sun, May 16, 2021

Coca-ColaCo said it would discontinue its energy drink in North America, a product it launched with fanfare last year as it pushed into new beverage categories....

Tax Day, Bill Gates appearance and Walmart, Target earnings top week ahead

Sun, May 16, 2021

Tax Day, a slew of retail earnings and a key White House semiconductor meeting top the week ahead....