Stocks jumped Wednesday as investors shrugged off a weaker-than-expected reading on the services sector and cheered an improvement on the jobs front.
Traders have been talking about the upcoming Fed statement for days now, because even a subtle tilt in the Fed's posture on interest rates could unhinge the popular "risk on" trade, where investors bet against the U.S. dollar and throw money into risky assets such as stocks and commodities.
The job market and the Fed are likely to be at the center of Wall Street's focus Wednesday, following a volatile session which saw the major averages end not too far from where they started.
The Lightning Round is extended in this CNBC.com exclusive feature.
Traders are eager to hear from the media titans this week. But will they say what the Street wants to hear?
Viacom kicks off a barrage of media giant earnings when it reports before the bell Tuesday morning.
Here's yet another piece of news in the ongoing decline of the movie studios' "specialty" film business: the head of Disney's Miramax Films is being pushed out of the company.
Viacom and its Paramount studio, Lionsgate and MGM broke off from CBS' Showtime last spring when they couldn't strike new distribution deals, so they decided to launch their own premium movie channel.
Shares of CBS have fallen 16 percent in the last week, but option traders were bullish on the network yesterday.
DreamWorks Animation showed some "Monster" strength in the third quarter, beating Wall Street projections with better than expected DVD sales and the ongoing performance of "Monsters vs. Aliens."
The day Michael Jackson fans from around the world have been waiting for is finally here. "This Is It" - the much debated, controversial and expensive concert-documentary film, compiled with footage of Jackson's final rehearsals - starts playing tonight, in 3500 theaters in the U.S. and simultaneous premiers in 16 cities across the globe.
The move by Bloomberg LP to buy out the red-ink-stained wretches and assets of BusinessWeek reveals some painful truths about the ailing print media industry its future. If it has one.
The likely corporate marriage of Comcast and NBC Universal is not likely to do any better than the merger of AOL and Time Warner, says the New York Times.
Verizon is facing some major challenges, and it's looking for some new growth drivers.
Time WarnerInc's magazine division Time Inc plans another round of job cuts as advertising declines erode revenue, a source familiar with the unit said on Thursday.
The best stock-market rally since 1935 has pushed 93% of the stocks in the S&P 500 above their 200-day moving averages. As upward momentum builds on the market, could some of the laggards be poised to pop?
It's been a major media Monday -- Wall Street analysts have been upgrading media conglomerates left and right. The stocks have been benefiting, gaining more today than the major indices.
Verizon is being very savvy about marketing to cash-strapped consumers as we head into the holiday shopping season. Consumers who sign up for Verizon's new fiber network—FIOS—get a $150 pre-paid Visa card.
Of the world’s biggest media companies, the one that might seem in the best position to ride out the recession is Vivendi, whose headquarters in the shadow of the Arc de Triomphe oversees a sprawling empire of music, pay television, video game and mobile phone businesses.
Hollywood loves a familiar brand — there's a reason why nearly every blockbuster is based on a comic book, TV series, or book, or old movie. An established brand has built-in awareness, making it easier to market as a film movie.