Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.Marketsread more
A Ministry of Commerce spokesperson does not single out any U.S. action, but it's been a tense couple of weeks for the trade war.World Politicsread more
The e-mail's optimistic tone helped Tesla shares turn positive for the first time in seven days.Technologyread more
In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's...Politicsread more
Boost Mobile founder Peter Adderton said details of Boost's wholesale deal with a combined Sprint-T-Mobile would dictate if the brand can compete.Technologyread more
Amazon is reportedly getting into the wearables space. It would help the company learn more about customers, and potentially corner the market on a demographic of older,...Technologyread more
The Trump administration announced a $16 billion aid program for American farmers that includes a three-pronged package of aid for American farmers who have been hurt by the...Politicsread more
"This time, another temper tantrum, again. I pray for the president of the United States," Pelosi said. "I wish that his family or his administration or his staff would have...Politicsread more
"For them to say that they don't work with the Chinese government is false," Secretary of State Mike Pompeo tells CNBC.Politicsread more
Life insurance with cash value can be a valuable tool for clients — or a tax nightmare. The outcome depends on whether the advisor is properly maintaining the insurance...FA Playbookread more
The Walt Disney Company on Tuesday said that the success of Marvel's "Black Panther" helped drive 21 percent year-over-year revenue growth for its studio entertainment business.
Disney's studios saw $2.45 billion in revenue for the quarter. That figure bested Wall Street expectations for $2.19 billion in revenue, according to a StreetAccount consensus estimate.
In the current quarter, Marvel's "Avengers: Infinity War" had the biggest opening weekend of all time, both domestically and globally. The latest installment of the Avengers franchise crossed $1 billion at the global box office in just 11 days. That pace is faster than any other movie in history.
In a Tuesday call with analysts, Chairman and CEO Bob Iger said Disney "delivered nine of the top 10 biggest domestic box office openings of all time — all of them released within the last six years."
Here's what each business unit reported in revenue compared with what analysts expected, according to StreetAccount consensus estimates:
If completed, Disney would get Fox's television and film studios, regional sports networks, cable channels National Geographic and FX. The entertainment giant would also grow its international presence through Asian pay-TV operator Star India and a stake in Sky TV. It would also get Fox's stake in Hulu. That plus its existing position would give Disney a controlling stake in the streaming service.
On Monday, CNBC reported that Comcast plans to make an all-cash bid for Fox if the Justice Department approves AT&T's acquisition of Time Warner. Comcast's offer would top Disney's and include a full acquisition of Sky, sources said.
Iger declined to comment to CNBC on Comcast's reported plans, saying he didn't want to speculate on the matter. He said, however, that he's confident that Disney's deal with Fox will close.
Iger pointed out that Disney's offer received unanimous approval from the Fox board.
"They obviously believed not only in what we were paying but how we were paying for it," he said.
CNBC previously reported that fear of being outspent on content was one of the main reasons Rupert Murdoch decided to sell those Fox assets. Tech giants like Netflix and Amazon have poured money into their streaming services, making the content bidding wars increasingly competitive.
Disney's proposed acquisition of Fox assets would broaden the company's content portfolio, making it more competitive.
The company also posted better-than-expected earnings and revenue on Tuesday.
Here's how the company did compared with what Wall Street expected:
Shares of Disney initially gained more than 1 percent in after-hours trade. Shares of Disney have fallen about 6 percent so far this year.
Fox is slated to report earnings after the market close on Wednesday.
— CNBC's Michelle Fox contributed to this report.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com. Comcast is a also a co-owner of Hulu.