Young pro athletes often burn through big money contracts, but Philadelphia 76ers phenom Michael Carter-Williams is going to an extreme to protect himself.» Read More
We're reporting all day from Nike's Olympic Innovation Summit in Beaverton, Oregon. Tomorrow on Squawk Box we will bring you an exclusive one on one sitdown with Los Angeles Lakers guard Kobe Bryant on the new Hyperdunk shoe, which Bryant will wear at the Olympics.
We've been reporting all day from Nike's Olympic Innovation Summit in Beaverton, Oregon. Check out our rundown of their most interesting shoes and check out our interview with Charlie Denson.
Derrick Rose might not have been happy when he heard that he would be forced to pick a college for a year as part of being the second class to endure the NBA's new 19-year-old draft rule. But we here at CNBC SportsBiz have calculated that Derrick Rose will be gratified to know that his one year at the University of Memphis was probably worth at least $10 Million...
Sentimental people might have been hoping for Davidson to pull out the upset last night, but CBS really wanted to Kansas. Why? Because Cinderellas don't draw. We have the proof.
This student investment club manages millions and beats the market every year. But do they have what it takes to get their stocks blessed by the King of Cramerica?
Winners: 1. Stephen Curry: After scoring 40 against Gonzaga and 30 against Georgetown, total non-shaver Stephen Curry has his Davidson Wildcats in the Sweet 16. He has the perfect Cinderella story.
Stocks closed higher Thursday, boosted by a late-breaking Federal Reserve announcement, a better-than-expected regional manufacturing report and an upbeat analyst note on financials. Oil prices were back above $100 a barrel.
For the short week ending Thursday, March 20, 2008 the US Markets ended up. Market moving events include the JP Morgan Chase takeover of Bear Stearns and a Fed rate cut of 75 basis points. The Dow gained 420 points on Tuesday, only to give back 293 points the next day. A rally today kept the Dow, S&P, and NASDAQ up 3.43%, 3.21%, and 2.06% for the week, their best performance in 7 weeks. Next week, the markets will watch for the economic data including Durable Goods, GDP, and Personal Income numbers. Earnings from Lennar (LEN) will give another read on the housing sector.
Four years ago, I was going through the uniform rosters of all the NCAA Tournament teams and I found “Sports Belle” next to then No. 1 seed St. Joseph’s. I had never heard of this company. So I called them up. And found out the team that had just finished a perfect regular season was paying to wear the jerseys and shorts from this small manufacturer out of Knoxville, Tenn.
Stocks turned sharply higher Thursday after a closely-watched regional manufacturing report came in better than expected. Commodity prices continued to recede.
Wall Street was poised to open slightly higher on the last day of trading of the week before the Easter break, as investors hoped for a little breather.
Dollar rallying again today, up 1.7 percent since the close on Monday. The bold analyst call of the day (week, month, year?) goes to Punk Ziegel's Richard Bove, who last night titled his piece, "The Financial Crisis is Over," calling the Bear Stearns sale the watershed event, and concluded by saying "this is a once in a generation opportunity" to buy financial stocks.
Plunging commodities combined with weakness in energy and basic materials dragged down the Dow as well as the broader stock market. What's the word on the Street?
Stocks declined Wednesday amid profit-taking from the prior session's rally, a sharp drop in crude prices and lingering concerns about credit.
Nike delivered great earnings after the bell Wednesday. Can FedEx join Nike and dodge the bullets of higher fuel costs and a weakening U.S. economy?
Nike, the world's largest maker of athletic footwear and apparel, reported a third-quarter profit that easily beat expectations, helped by strong international sales of shoes and clothing buoyed by a weak dollar.
Enough with the brokerage earnings. This afternoon, Nike tells us how the sporting goods biz is doing.
Nike is hoping global growth will power earnings as domestic sales go swoosh. Here’s how to play the stock ahead of its report Wednesday.
In Friday’s Web Extra the traders reveal their best plays for the week ahead. See what they have to say about crude oil, Fedex, GameStop and Nike.
So let's say you're a 14-year-old kid. And you want to be the next LaDainian Tomlinson. So you start to look into how he trains. You notice that LaDainian is part of Nike's new SPARQ training campaign. Then you're doing some research online and you find out that Todd Durkin, Tomlinson's trainer, has a web site and his web site is sponsored by Under Armour.