Time Warner Cable (TWC) broke out to the upside late Friday morning and extended its gains going into the close. The stock finished higher by 7.78 at $103.93, with volume at a 4 1/2 month high.
Time Warner Cable broke out past resistance and set a new high for the year. Charter Communications (CHTR) reportedly discussed the idea of a merger of equals with Time Warner Cable a few weeks ago.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.