Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
The declaration comes days after a case of the virus was confirmed in the Congolese city Goma, which borders neighboring country Rwanda.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
If you're looking for a sport to hook the audiences of the future, esports may be the best game in town, according to Peter Guber, co-owner of the Golden State Warriors, Los Angeles Dodgers and Los Angeles FC.
"I think it has all the tools to really go the distance and become something powerful," Guber, who is CEO of Mandalay Entertainment, told CNBC.
Esports' audience plays the games, making them not only participants but "passengers," Guber explained. It makes it easier to fill up stadiums in just 20 minutes for championships, and venues have been excited about hosting the events, he said. Guber is also co-owner of professional eSports organization Team Liquid.
"Here is an audience that's so effervescent, this whole young audience that's embraced the whole e-technology, the whole e-gaming and have for the last 12 years," Guber said.
"And it has had a straight-up trajectory," he said. "Esports and
In addition, the sport is extremely popular in Korea,
"You'll see that it's everywhere, and it isn't bound by geography," he said. "You don't use a stick or a bat to play, and you can play alone or with a whole group of people, play against the best."
Correction: Guber is the owner of the Golden State Warriors, not the California State Warriors as originally stated.