Investors have been banking on a decline in the popularity of golf, with stocks that have exposure to the sport seeing an increase in short interest.» Read More
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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.
Those people who watch CNBC every day might have noticed that I spent most of the month of December off the air. The reason for this? I was taking trips like this: New York-Frankfurt-Singapore-Vietnam-Hong Kong-Los Angeles-Portland-New York. It was all for an hour documentary I am doing on Nike.
In the ultimate battle of men's magazine Super Bowl parties, Playboy beat out Maxim by perhaps the widest margin since the two began competing in 2001. That's at least my impression after looking over my scores from previous years.
Nike officials and Kevin Durant's agent Aaron Goodwin have confirmed to CNBC that the company has signed second overall NBA draft pick. "We are very pleased to have Kevin as part of the Nike basketball family," said Craig Zanon, the new vice president and general manager of Nike global basketball. "Kevin is an amazing talent both on and off the court and we are happy to be partnering with him as he starts his NBA career."
You might recall the whole ordeal that ensued when Cleveland Cavaliers guard LeBron James showed up at the first game of the ALDS between the Cleveland Indians and the New York Yankees in a Yankees hat.
Maria Sharapova trounced a resurgent Lindsay Davenport on Wednesday at the Australian Open. The drubbing gave Davenport only four games in a match that was deemed as an unfortunate second-round draw for the tennis world's most marketable star. Yes, folks, whether it's fair or not, Sharapova will pull in more dough off the court this year than Roger Federer will.
Kevin Garnett is the league's best selling jersey so far this year, according to sales at the NBA Store in Manhattan and on NBA.com. Garnett was traded from the Minnesota Timberwolves to the Boston Celtics this off season and since then sales of his jerseys have tripled since last year, as has sales of Celtics merchandise.
Kevin O'Marah, chief strategist at AMR Research, has developed a unique "supply-chain strategy" -- and uses it to compile a Top 25 stocks list that beat the 2007 market hands-down.
Not all tech stocks deserve to be down, Cramer says.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.
The first days of the New Year bring Citigroup's Citi Investment Research Top Picks: The bank polled each of its fundamental analysts on a single best money-making idea for 2008, with the option of an additional small-cap pick. Citi says its 2007 list produced an average share price return of 16.7 percent, well ahead of the Standard and Poor's 500 average of 4.2 percent.
After Tim Tebow won the Heisman Trophy, the University of Florida sent out cease-and-desist letters to at least seven web sites trying to profit off Tebow name. The university was interested of course, because they didn't want anything to compromise his eligibility.
Stocks closed higher as a rally in technology shares helped offset more uncertainty in the credit markets and troubling economic signs.
Bear Stearns reported its first quarterly loss ($854 million, or $6.90 a share) in its history. Writedowns of $1.9 billion on lower value of mortgage-related securities. Up fractionally. Nike beat, up 3 percent pre-open, and expects low double digit revenue in the second half of fiscal 2008.
Nike said Wednesday that quarterly profit jumped 10 percent, topping Wall Street estimates on strong U.S. demand for its footwear and robust growth overseas, sending shares up over 3 percent in after-hours trade.
Oracle's strong earnings could give some tech names a bounce Thursday though markets are again being haunted by credit worries, and another Wall Street firm is set to report earnings before the bell.
People who read this blog regularly know that I love lists. I also like to dissect them as evidenced by my criticism of BusinessWeek's Sports Power in September. Here's another list: SportsBusiness Journal's 50 Most Influential People In Sports Business In 2007.
Stocks staged a mini comeback Tuesday after a day that saw indexes seesaw on both sides of the unchanged line. The market once more fretted over the financial sector and could do the same on Wednesday.
It's that time of year again. That time of year to tell you what's going to happen next year in the sports business.
You might remember her name: Allison Stokke was a high school pole vaulter who turned into an internet sensation because of her good looks. But, after a Washington Post article that chronicled her apparently unwanted rise , the hits slowed down for Stokke. After the article, the unofficial Allison Stokke Web page even shut down for good.