The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
See which stocks are posting big moves after the bell on July 16.Market Insiderread more
United Airlines' second-quarter profit tops estimates but questions about the 737 Max linger.Airlinesread more
Three civil rights groups filed a federal lawsuit on Tuesday challenging the Trump administration's new asylum rule, which bars asylum claims from most noncitizens who travel...Politicsread more
Google VP of policy Karan Bhatia started sweating early as hearing chair Ted Cruz brings out an internal presentation created within the company.Technologyread more
At a hearing with the House Judiciary subcommittee on antitrust, an Amazon representative disputed a key argument about how it users sellers' data.Technologyread more
Charles Evans spoke Tuesday at CNBC's @Work Human Capital + Finance Conference in Chicago. The Fed president said he is worried about low inflation and several other issues.At Workread more
Now that online binge-watchers can get more real-time content, both traditional media companies and streaming companies may have to compete with tech giants for viewers, according to technology investor Jason Calacanis.
"I wouldn't be surprised if in three, four, five years from now we'll be on this network talking about Facebook, Google, YouTube, even Twitter, not just having the live rights to clips, but having the rights to carry things like CNN or CNBC or even full NBA games, " Calacanis told CNBC's "Squawk Alley " on Wednesday. "That's where this is headed, because the monetization on those networks will be even better because they have all the data about their users."
Time Warner announced Wednesday a 10 percent stake in Hulu, which will allow online live, on-demand streaming of channels like TNT, TBS, CNN, Cartoon Network, Adult Swim, truTV, Boomerang and Turner Classic Movies. Time Warner's shares popped about 3 percent Wednesday, after it also reported earnings.
But Calacanis said social media platforms also offer an exciting alternative to traditional cable bundles.
Facebook, while not as focused on long-form content, signed a deal for a soccer match between English clubs Manchester United and Everton. And during a recent hackathon, Facebook employees devised a way to use professional broadcast equipment on Facebook Live. Instagram, too, is doubling down on real-time content in light of the Rio Olympics, Brandon Gayle, head of global sports partnerships at Instagram, told "Squawk Alley."
"There's three areas where live TV is super relevant: Obviously, news, here we are," Calacanis said. "Sports, obviously a huge category, and this real-time reality TV that unfolds weekly. Those are very strong categories, and live is pretty exciting on these new platforms like Facebook and Twitter."
Disclosure: Comcast, which owns CNBC parent NBCUniversal, is a co-owner of Hulu.
Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through the year 2032.