Charter Communications (CHTR) spiked to the upside around midday Friday on reports that it has been aggressively reviewing potential acquisition targets. The company discussed the idea of a merger of equals with Time Warner Cable a few weeks ago.
Charter Communications finished Friday's session with a gain of 5.72 at $116.61. The stock climbed past the upper end of a 1-month range and set a new high for the year.
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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.