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Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute...Energy Commoditiesread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Yields slipped after Powell said the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations.Marketsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
Shares of MSG Networks fell more than 2% on Wednesday after the New York Knicks lost out on the coveted No. 1 pick in this year's NBA draft.
The Knicks received the third overall pick in for next month's draft at Tuesday night's NBA draft lottery, meaning they will likely miss out on projected No. 1 pick and Duke University phenomenon, Zion Williamson. Williamson was named the National College Player of the Year for 2019 and is widely considered the best prospect since superstar LeBron James.
Picking Williamson could have increased Knicks viewership along with revenue for MSG Networks, which broadcast the lion's share of the team's games. This could have also enticed free-agent superstars like Golden State Warriors forward Kevin Durant to sign with New York, helping them build a championship caliber team.
"The Knicks are still well under-monetized relative to their potential," wrote BTIG analyst Brandon Ross in a note earlier this week before the lottery results. "Overall, we estimate building a championship contender could have a $79mm revenue impact and $40mm [adjusted operating income] impact with annual top line growth of at least mid-single digits."
Ross notes that building a contender could lead the team to raise ticket prices as well as increase its sponsorship revenues. That just got a bit more difficult now.
Williamson will likely be drafted first overall by the New Orleans Pelicans on June 20.