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Stocks rallied Tuesday as the euro gained against the dollar after a number of successful European debt auctions eased investor concerns about the euro-zone's solvency crisis. Techs and industrials led the advance.
Nintendo kicked off its big E3 event with America CEO Reggie Fils-Aime singing the praises of the Wii and the DS. But the keynote comes amid multiple threats to the Nintendo juggernaut, from the likes of Microsoft and Apple. And how Nintendo responds, and how quickly, will determine whether its best days are behind it, or still ahead.
After a disappointing Memorial Day weekend, Hollywood is still waiting for hit movies to energize ticket sales and box office receipts, reports NYT.
US stocks rose for the week, led to the upside by the Dow with a gain of 2.81%. Gold for August delivery hit a nominal record high of $1,254.5 during Tuesday's trading session, as investors sought refuge on the metal due to worries about Europe.
The fact that broadcast networks (and NBC in particular) are investing heavily in expensive content is appealing to advertisers. The networks have introduced 38 new shows, and 36 of those are scripted.
Sales of software titles are down 8 percent year to date—a shortfall of more than $200 million, according to the most recent numbers from the NPD Group, which tracks video game purchases.
ESPN 3D's launch Friday with World Cup coverage marks the beginning of a whole new 3D advertising business. The channel announced it's launching with 3D commercials from Disney/Pixar's Toy Story 3, (corporate synergy), plus Sony and Gillette.
The 400 amusement parks in the U.S. generate some $12 billion in annual revenue from more than 300 million annual visitors. Last year North American parks saw a one percent decline in attendance, but discounting prevented attendance from falling off further.
Sources tell me that ABC has finished its final upfront ad deals, and has secured 8 percent to 9 percent ad rates over last year. I don't have any details on the percentage volume increases ABC secured, but Disney's network has certainly sold closer to 80 percent of its inventory than the 65 or 70 percent the networks sold on average last year.
Stocks fell sharply after a late selloff Monday after a report showed consumer credit rose slightly. Industrials, financials and tech were the weakest links.
The euro fell below $1.19 for the first time in more than four years on Monday but recovered most of its losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency. Ashraf Laidi, chief market strategist at CMC Markets discussed his insights.
US stocks ended the week down almost 1.7% or greater, marking the worst June weekly debut since 2008 when the Dow lost -3.39%, the S&P fell -2.83%, and the NASDAQ declined -1.91% in the first week of June.
The Lightning Round is extended in this CNBC.com exclusive feature.
By Friday's close the S&P had fallen below 1,070, a level which had been considered support. How much farther is the S&P going to fall?
Advertising industry insiders tell me that Fox should wrap up its ad sales today and all the networks could complete their Upfront sales in a week. That's weeks earlier than the July 4 date expected, and months earlier than last year.
Stocks logged their third best day of the year Wednesday, led by energy and financials, as investors grabbed bargain shares beaten down in the prior session's selloff. A report showing pending-home sales hit a six-month high gave the market an extra boost.
Stocks remained higher Wednesday, led by energy and financials, as investors grabbed bargain shares beaten down in the prior session's selloff. A report showing pending-home sales hit a six-month high gave the market an extra boost.
The markets look choppy in the short-term but "there’s a feeling that we are forming a bottom" and there will be opportunities on the upside longer-term, said Richard Del Bello, senior partner at Conifer Securities. So where should investors put their money?
Hollywood's strong box office run so far this year came to a screeching halt Memorial Day weekend, as movies' theatrical performance fell off a cliff.
On a week that saw Apple surpass Microsoft in market cap, the BP oil spill continue to impact the ecosystem and drillers, Spain lose its AAA rating, and the worst May performance for the Dow since 1940, and the S&P since 1962, the major indexes managed to end the week on a positive note, except for the Dow which closed down slightly.