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Warner Bros. Discovery sinks, Market turmoil continues: Yahoo Finance

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Shares of Warner Bros, Discovery (WBD) are deep in the red this morning after the media giant reported a nearly $10 billion loss that includes a $9.1 billion...

) are deep in the red this morning after the media giant reported a nearly $10 billion loss that includes a $9.1 billion write-down on its TV networks. Investors are searching for safety after four or the previous five trading days ended in the red. Wall Street has been in a seesaw since last week’s disappointing jobs data raised alarms about the Fed’s recent decisions on interest rates. On the earnings front, this morning, we heard from top names, including Eli Lilly stock.

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