The ban on sales to Chinese company Huawei hurt technology stocks, and the FCC chairman endorsed the merger of T-Mobile and Sprint.
News & Analysis: Sprint
The FCC has signaled support, but what about the DOJ?
Markets were mostly lower Monday morning.
The FCC has signaled support for the proposed megamerger.
S earnings call for the period ending March 31, 2019.
Earnings season giveth, and it taketh away -- at least in post-market trading.
The pending merger between these two is up in the air. If you look at both companies' financial situations, however, the choice is clear.
The No. 4 wireless carrier has warned that its financial situation is worse than it appears to be.
Downbeat news from several sources hurt these stocks.
Investors saw dark clouds ahead for the pending merger with T-Mobile. A failed deal would be a crushing blow to this company and its stock.