Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
Bob Bakish, the head of a newly combined CBS and Viacom, said he was "disappointed" by both stocks' reaction to the recent deal.The Faber Reportread more
Consumers could pay an average 15 to 20 cents more per gallon for unleaded gas by the end of the month following the attack on Saudi oil installations.Market Insiderread more
Elliott Management may not see John Stankey as a future leader at AT&T, but bailing on him before he executes his integration plan has the potential for disaster.Technologyread more
The White House directed Lewandowski not to discuss any of his post-election interactions with Trump beyond those already detailed in former special counsel Robert Mueller's...Politicsread more
Tension between the real estate start-up WeWork and SoftBank was not a central issue in the decision to delay an initial public offering, sources tell CNBC's David FaberThe Faber Reportread more
The service will debut in April with pricing to be announced closer to the launch data, NBCUniversal says.Technologyread more
"Jeopardy!" host Alex Trebek says he's had a setback in his battle with pancreatic cancer and is undergoing chemotherapy again.Entertainmentread more
Jim Cramer said Wednesday that ESPN's owner Walt Disney's deal shows a "foot race" between new initiatives such as streaming services and the decline in traditional linear TV.
The mass media giant announced Tuesday it would pay $1 billion for a 33 percent stake in BAMTech, the video streaming unit of Major League Baseball. BAMTech and ESPN will work together to create a standalone streaming service. Analysts said that although Disney has a strong relationship with cable companies, streaming is something consumers generally want and shows Disney making moves to compete in the future.
Cramer talked about the ESPN's subscriber base, citing a ESPN media press release back in February of 2011 that boasted the company had 100 million subscribers.
"They trumpeted it. They don't about those numbers anymore," Cramer told CNBC's "Squawk on the Street." "We know that Nielsen rates it about 88 million … that's a drop off. So what you have is this footrace between new initiatives and this decline in the traditional linear that is so important."
Disney posted Tuesday fiscal third-quarter earnings of $1.62 per share on $14.28 billion in revenue. Analysts expected the company to report earnings of $1.61 per share on $14.15 billion in revenue, according to Thomson Reuters estimates.
Shares of the company have been on the rise Wednesday after the open, rising more than 1 percent.