In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
Stocks in Asia traded lower on Monday morning, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
The company said it saw fiscal fourth-quarter adjusted earnings of 45 cents a share on $6.65 billion in revenue. Wall Street expected Fox to post earnings of 37 cents on revenues of $6.68 billion, according to a Thomson Reuters consensus estimate.
Trader Guy Adami said that he prefers Viacom, which reports earnings Thursday morning.
"On valuation, it still trades at a percentage of the rest of the space. So on valuation alone, I think you get long Viacom," Adami said. He cautioned investors, however, "to see what happens."
"If Viacom doesn't sell off on the back of this Fox [news], maybe it all sort of goes well for the quarter tomorrow morning," he said.
Trader Dan Nathan said he is looking forward to Disney's earnings next week. The stock, which closed at $96.09 on Wednesday, is trading "relatively cheap compared to its history," he said. Shares of Disney hit an all-time intraday high of $122.08 last August.
Long stock AAPL, BAC, BMY, CSCO, DIS, DISCA, GE, KMI.A, KMI, KO, LUX, MRK, PEP, PFE, VIAB, long calls AAL, ABT, AKS, ANF, BSX, BZH, CHK, CIT, CNX, COP, DAL, DISH, DVN, FB, GILD, GPS, HALO, HOG, INTC, KGC, LLY, MCD, MPEL, MRO, MT, NEM, NGD, P, PG, PSX, SCHW, SLV, SLW, TMUS, TWTR, VLO, XLE, YELP and puts CS, EEM, MBLY, NLY
Steve Grasso is long BA, CC, EVGN, KBH, MJNA, MU, OLN, PFE, PHM, T, TWTR, GDX. Grasso's kids own EFA, EFG, EWJ, IJR, SPY. No Shorts. Stuart Frankel & Co Inc. and some of its Partners have a financial interest in LYB, MU, AAPL, LDP, WDR, AVP, CVX, FCX, ICE, KDUS, KO, MAT, MCD, MJNA, NE, NEM, OLN, OXY, RIG, STAG, TAXI, TEX, TITXF, URI, VALE, WDR, WYNN, ZNGA, CUBA, HSPO, ICE, AMZN, MJNA, TITXF, NXTD, SPY, QQQ, DIA, XLI
Dan Nathan is long JD Aug call spread, long TWTR, IWM long Sept put, XLF long Aug put spread, XLK long Sept Put spread, FXI long Aug put spread, SMH long Aug put spread, long PYPL call calendar, long C Aug put spread, XOP Sept put spread, TGT long Aug calls, TSLA long Aug put, BAC long Sept put, Long FEZ Nov put spread.
Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.