Stocks wavered between gains and losses on Thursday amid a slew of quarterly earnings.» Read More
Kevin Divney, chief investment officer and portfolio manager for Putnam New Opportunities Fund, told CNBC’s “Squawk on the Street” that he believes there will be some second-quarter earnings surprises.
Stocks edged higher for the week, closing out a solid first half, but there was little to celebrate going into the July 4th holiday.
Let's just say there was probably some champagne passed around in the Silna family yesterday. That's because the Silna brothers, Ozzie and Dan, learned that they'll be paid some $ 136 million over the next eight years. The checks will be coming from the Denver Nuggets, the San Antonio Spurs, the New Jersey Nets and the Indiana Pacers.
Last night, I wrote that WWE Chairman Vince McMahon should have apologized for running a tribute of wrestler Chris Benoit, who we now know killed his wife and son and then killed himself. I questioned the timeline and said that I thought that the WWE must have knew hours before they ran the three-hour classic that Benoit was a suspected murderer. I understand the dilemma the WWE had--producing a three-hour special is not easy, especially in something like 10 hours. I wasn't sure what they could run and then it occured to me--how about some old WrestleMania? They surely have plenty of archives.
Nike shares rose about 4 percent Wednesday, a day after posting higher earnings for the fourth quarter and surprisingly strong future orders.
I swear I'm trying to stop writing about the WWE, but I can't. I'm now capitivated by the drama this has become. The unfortunate drama that this has become. Last night, we found that -- in the midst of Vince McMahon faking his own death -- that wrestler Chris Benoit and his family had died. So the WWE made the seemingly rationale decision to stop the Vince McMahon death stunt and make it into a three-hour tribute of Chris Benoit.
Nike posted higher fourth-quarter net profit Tuesday, beating Wall Street estimates and sending shares up 4 percent in extended trade, as strong sales of Nike-branded footwear helped offset overall challenges in the U.S. athletic shoe market.
Stock futures are perking up this morning after three sessions of selling. Housing starts for May are reported today and there are a few earnings reports to make headlines.
It has been a week since I questioned whether Vince McMahon’s fake death could lead to shareholder lawsuits since McMahon is so material to the organization’s business. Last Tuesday, the WWE said they had not received any calls from those holding WWE stock and then promptly named me a suspect in the death of “Mr. McMahon,” who they said was the character played by Vince McMahon. Well, this morning I walked into the office and received this statement in my e-mail box from the WWE...
Did the Bear Stearns hedge-fund blowup scare you out of the market? Here are some picks to get you back in.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.
Here’s the number one question I always get: Who’s the best endorser in sports? And the right answer is, there isn’t one. What people have to remember is that endorsements are a partnership and if the product doesn’t make sense with the athlete, then it doesn’t work. There’s also an economic threshold to endorsements that is never talked about. Athletes can affect purchasing decision, but only to a certain extent.
Many of you know of Allison Stokke by now. She's the 18-year-old high school pole vaulter who became an Internet phelnomenon after Matt Ufford at the popular blog With Leather. posted her picture. Today, this high schooler has 840,000 Google hits -- the "Alison" Stokke misspelling has 16,500 hits! -- and of course a "Allison Stokke Fans" MySpace page.
The man they call "The Duck," Angel Cabrera, was one of two players who finished under par after the first round of the U.S. Open on Thursday. But oddsmakers didn't respect the 37-year-old, who had a previous U.S. Open high of a seventh place finish in 2001 and missed three of seven cuts in PGA Tour events this year. That's why on Friday morning, if you had a hunch for Cabrera, you could have dropped $100 to won north of $2,500 on Sunday. Wanted to wait until Sunday morning?
It’s Skee-Daddy Day in Cramerica. So in honor of family investment teams across the land, Mad Money hosted a live studio audience for today’s show. In typical fashion, Cramer spent a lot of time talking to the fans, from celebrities to Home Gamers. 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.
A couple years ago, I was all about Mitchell & Ness retro jerseys. So I bought a couple at north of $200. Then I realized that there is so much great stuff on eBay. Game used stuff. One-of-a-kind. And, that it’s so much better of a conversation piece to walk around with real jerseys with random guys names on the back. How great is this Chicago White Sox red zipper front jersey.
Kudos to the Orlando Magic who told me today that they are willing to refund the money paid by any of the 200 season ticket holders, who bought seats after Billy Donovan was hired as head coach. Orlando Magic spokesman Joel Glass said that the team was in the process of contacting each of the new season ticket holders one by one. "So far we've had some people who said they are going to stick with us and others have said they will wait until free agency," said Glass, who noted that he didn't know of anyone who elected to cancel.
Imagine this. You live in the Orlando area and you’ve been thinking about buying tickets for some time. Late last week, you hear that University of Florida coach Billy Donovan is coming to coach the team. So you plunk down $3,600 for two seats for two seats behind the basket. Then, Donovan reverses course. What do you do? You might ask for a refund. The question is, would you get it? You might immediately say “Yes.”
Wherever Kobe Bryant is playing, he'll be wearing Nikes. Sources are telling CNBC that Nike has re-signed the guard to a multi-year extension. The exact length of the deal and the terms are unknown. It is also not clear whether Bryant's contract would vary depending on the market in which he is playing.
LeBron James one of the most marketable guys in all of sports and has a chance to be the league’s most marketable player -- hands down -- if he wins a championship with the Cleveland Cavaliers this month. But James is not a slam dunk for the companies he is working for at this point and I believe most of that fault lies with the companies who have signed him.
The 2008 Olympic games are in Beijing. The city alone is investing nearly $40 billion to put on China's best public face to the world. From subways to stadiums, water treatment projects to wireless systems, companies around the world are landing big contracts to help China make the best of its coming-out party. But one big question remains…is China actually fixing its problems - or just sweeping them under the rug until the world looks away?