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Stocks opened higher on Wednesday, following a rocky trading session yesterday that left the blue-chip index down 0.3 percent. How should investors be positioned? Ronald Weiner, president and CIO of RDM Financial Group and Charlie Smith, CIO of Fort Pitt Capital Group shared their market outlooks.
The stock market rallied as much as 400 points after last week's massive selloff, but will it be able to maintain those gains?
Comcast says NBC Universal will sell one of the three Los Angeles stations it owns as the cable TV company prepares to acquire NBC.
With a perfect storm of chaos hitting the markets this week—protests in Greece, a possible Greek debt default and a near-1,000 point selloff in the Dow Jones Industrial Average—how can jittery investors find the confidence to enter the market?
Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis. The Dow ended down about 350 points and the VIX was above 34.
Today Federal Communications Chairman Julius Genachowski laid out plans to establish the FCC's authority to regulate broadband. Genachowski wants to ensure an "open Internet" and prohibit "unreasonable discrimination" by broadband providers against certain websites. He's not issuing laws or mandating so-called net neutrality today -- at this point he's simply looking to secure the commission's direct authority.
Cable company stocks fell Thursday after a new policy was announced by the Federal Communications Commission, two analysts told CNBC.
My sources breakdown how the FCC plans to regulate broadband going forward.
The head of the Federal Communications Commission is pledging to apply only narrow regulations to high-speed Internet access to ensure the agency has adequate authority to govern broadband providers without adopting heavy-handed rules.
The FCC is set to announce whether they will allow cable companies to price according to bandwidth. This would benefit subscribers, but not the cable companies themselves.
Time Warner's stock is trading near an 18 month closing high ahead of its quarterly earnings report tomorrow morning.
The media industry may be going through some rough times, with the landscape changing day to day, but at least one aspect is business as usual: big paydays for the people at the top. The NYT explains.
Time Warner Cable's stock added over seven and a half percent Thursday on higher subscriber numbers for all three of its services: home Internet, home phone, and digital cable. The company earned 60 cents a share, up from 48 cents in the year-earlier period.
Stocks ended higher after the Fed left interest rates unchanged and kept the "extended period" language in its statement. Financials were the day's best performers, with JPMorgan and Bank of America leading the Dow.
Better subscriber numbers, higher revenue per subscriber, and higher advertising helped Comcast beat Wall Street expectations.
Plus, Cramer refutes the Ford downgrade, defends Sprint and talks up the under-the-radar spending taking place in telecom.
Stocks advanced Wednesday, with banks rebounding after a sharp selloff in the previous session after both Greece and Portugal had their debt ratings downgraded. Bank of America and JPMorgan were among the early leaders on the Dow. Dell skidded.
With Tuesday's 200-point drop in the Dow Jones Industrial Average breaking its upward run, the markets are due for a correction from their highs, said Scott Redler, chief strategic officer at T3live.com.
The 2-year Greek bond passed a 23 percent yield, which must surely be some kind of selling climax. National Bank of Greece (NBG) is up 10 percent. Meantime, the Greeks are boldly going to the heart of the problem: they have banned short selling of stocks for the next two months.
U.S. stock index futures pointed to a lower open Wednesday in the wake of a sharp selloff in the previous session caused by another Greek debt downgrade, but comments from the Federal Reserve could change momentum later.