The proposed Comcast-Time Warner Cable and AT&T-DirecTV deals will be approved, Liberty Media CEO Greg Maffei tells CNBC. But he asks at what cost.» Read More
Despite a pull back in the U.S. equity markets last week, the S&P and Nasdaq Composite are having their best September since 1998 so far, while the Dow is on track for its biggest % gain in September since 2007. Even though September ranks as the worst month historically on average for all three indices, the Nasdaq Composite has traded up 12 sessions out of 19 as of Monday's close while the Dow and S&P have finished up 11 days of 19.
As we approach another quarter and month end, with just four days to go, the Dow is on track for its best third quarter since 1939, the S&P is on course for its biggest Q3 gains since 1970, and the Nasdaq Composite is having its best Q3 since 1997, based on September 24 closing levels. Will the markets continue to hold on to gains or sell off by the end of the year?
As CNBC spends the month examining the economic melt down one year ago and how far we've come, Michael Moore takes the one-year anniversary to release his new documentary, "Capitalism: A Love Story" which skewers the financial system. The documentary doesn't look at the big banks that failed, but at the people who suffered. And yes, the title is ironic: Capitalism is the bad guy.
As investors look ahead, following the Dow and S&P 500 best 6-month performance since 1933, here is a look at how both equity indexes performed 6-months and 12-months after a 6-month rally greater than 30%.
All major US indices break four weeks of consecutive gains, closing to the downside on Friday, after a drop in consumer sentiment data in August.
Liberty Media was up more than 5 percent yesterday with bullish options activity ahead of its earnings results today.
The Dow, S&P 500 and Nasdaq Composite are trading at levels not seen since the Fall of 2008. As the stock market gains steam, the following statistic may provide guidance to investors as per where the markets stand relative to previous levels.
Strong earnings from Apple after the closing bell yesterday, pushed the NASDAQ Composite to positive territory during Wednesday's trading session for the eleventh consecutive day. The last time the Nasdaq Composite had 11 days of consecutive gains was on September 20, 1996. Here is a look at the best performing companies during the current 11-day rally.
Time Warner and Comcast's partnership to bring cable TV content to the Internet is adding more big brand-name partners.
Shocking news out of Britain today: Queen Elizabeth II could run out of money by 2012 unless the government steps in and gives her a raise! But with a recession going on, it might behoove the queen to set an example for her subjects and get a real job. Here are a few suggestions for how the queen can make a buck—er, pound.
An interview with Liberty Media CEO Greg Maffei on Squawk Box had some interesting moments this morning. I asked Maffei whether he would be interested in taking the top job at Direct TV, which long time CEO Chase Carey recently departed to take the number two job at Newscorp.
Earth Day isn't just about environmentalism, it's also about leveraging consumers interest in green to make some serious green. Envrionmentally-oriented programming is generally a double win for media companies: people are increasingly interested in nature (and respecting the world around them) and it's a great boost for corporate image.
Sirius XM Radio's best source of business — new car sales — has effectively disappeared.
Stocks could sprint higher into the coming week, as a strengthening dollar and declining commodities prices encourage buyers hoping for a reprieve from inflation.
The Dow lost more ground Friday and posted its third straight decline. What's the word on the Street? Also an interview with Domino's Pizza CEO David Brandon.
Liberty Media's acquisition of News Corp's stake in DirecTV Group received antitrust approval on Tuesday, a day after U.S. communications regulators approved the deal.
This morning IAC/InterActive Corp posted its earnings, and while they were messy, Chief Executive Barry Diller seemed quite satisfied. IAC swung to a fourth-quarter net loss of $369.9 million, from a net income of $15.3 million a year earlier. But this actually was good news for Diller.
Liberty Media's John Malone, a longtime business partner of Barry Diller, took action Monday to oust Diller from the board of the IAC/InterActiveCorp Internet conglomerate.
The creature-feature "Cloverfield" became the first monster hit released in 2008, debuting with $41 million, a record opening for January, according to studio estimates Sunday.
This past weekend, I attended the annual SuperSaturday event in Water Mill, New York. Well-known in the fashion world and to vacationers in the Hamptons, this is essentially a high-end tag sale/sample sale of designer goods to raise money for the Ovarian Cancer Research Fund.