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
The consumer discretionary sector has taken a beating recently, but a couple of top market professionals think it may be time for investors to move into the sector.
This is the post of the live blog I did today on the Apple iPhone event at Apple headquarters in Cupertino, California. Please enjoy reading it the first time or again if you were with me earlier today. It reads from my last posting at the top to the very first at the bottom of the page.
Thirty years ago, Pony was on fire. The brand, founded in 1972, was on the feet of Pele, Muhammad Ali, George Foreman and Reggie Jackson, among others. But as Nike, adidas and Reebok rose up, Pony fell behind the times and for decades has been bought out over and over and over again, with revivals failing every time.
Adidas's fourth-quarter net income rose sharply but was below analysts' expectations after sales at its Reebok brand fell and North America remained weak.
I like to think that we inspire some good debates on this blog. Sometimes I think I know what I'm talking about, like how well Will Ferrell's "Semi Pro" is going to do, and you show in the poll that plenty of you thought the movie would pull in less than $100 million gross. With the movie's measly take on opening weekend, look who's laughing now.
Amid a wave of mixed economic signals, CNBC asked the pros where they would invest.
There's plenty of negative economic news out there, but that doesn't discourage David Spika. The vice president and investment strategist at WHG Funds favors judicious buying by well-informed investors.
It was 31 months ago that adidas bought Reebok for $3.8 billion. What adidas was essentially doing was buying the U.S. market that had always challenged them. Reebok had a 20 percent share of that market and the combination of the two would lead, presumably, to a legitimate fight with Nike.
So we've just learned that Electronic Arts made a $2 billion bid to take over Take-Two last Tuesday. EA went public with the news Sunday after Take Two's board denied the deal. The notion of such a deal probably makes sports gamers cringe, much in the same way that trading card buffs feared Upper Deck's attempts at buying Topps last year
Readers of this blog know I'm not afraid to show my body. I created a stir when I had Nike send me a shirt that didn't look flattering on Tiger. For those who missed it, I've included the photo.
I can't recall an NBA All-Star Game where there were fewer shoes to buzz about. ...How does Dwight Howard win the dunk contest in a Superman cape and in what is essentially a generic Adidas shoe? I posed that question to Adidas spokesman Travis Gonzolez...
It's not easy for Sprint these days: It lost about 1 million customers last year and is readying to announce the amount of a huge write-off related to its Nextel merger. Then, just as it was ramping up for 2008, the first year in which the Nextel Cup Series would be renamed the Sprint Cup, the wrong driver's won the Daytona 500 on Sunday...
Fast Company Magazine is issuing its annual list of the world's 50 most innovative companies. Do you own a company on the list -- and should you? (PART 3)
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
So as many of you know, my one-hour documentary on Nike premiered on Tuesday. I received many nice notes from readers and a couple strange ones. The craziest group of notes were from people who brought up the fact that Nike actually wasn't a completely original name at the time Blue Ribbon Sports' employee Jeff Johnson came up with in 1971.
When the economy rebounds, where's your portfolio going to be? UBS says that's a question to answer right now. The bank released what it calls its "'New' Nifty Fifty," a list of 50 companies from around the world that can use today's troubling market conditions to position themselves to thrive when the economy rebounds. (PART 1)
Basketball shoe sales aren't that hot right now. Even Nike--which has 86 percent of the U.S. market--and has been up as the market has continued to decline, saw a double digit decline in the fourth quarter, according to analyst Matt Powell of SportsOneSource.
For my documentary on Nike, which premieres on Tuesday at 10 p.m. and 1 a.m. ET, I interviewed more than 30 people. One of them was Trevor Edwards, Nike's vice president of global category and brand management. Trevor and I focused on how advertising has changed
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
For my one-hour TV special on Nike (next Tuesday at 10 pm and 1 am ET), I sat down with Nike president Charlie Denson and talked to him about a variety of topics.