Microsoft’s Kinect was a solid hit this holiday season, but the game console’s success alone may not be enough to boost the video game industry for next year, said Evan Wilson, entertainment analyst at Pacific Crest Securities.
Cramer looks at both sides and makes the call.
Stocks traded mixed ahead in lackluster trading, although the S&P 500 and the Nasdaq hit new two-year highs on thin gains amid a lack of economic news. Alcoa and 3M rose, while American Express fell.
Stocks traded narrowly mixed amid thin trading and a lack of economic news as stocks struggled to move beyond recent highs. 3M and Alcoa rose, while AmEx fell.
Stocks slumped after opening higher as the dollar rose, but trading was light at the start of a holiday week. AmEx and Boeing sank, while BofA rose.
The National Retail Federation raised its holiday sales forecast last week. Carl Icahn has built up a 5.8 percent stake in Chesapeake Energy. And American Express downgraded to hold from buy at Stifel Nicolaus:
U.S. stock index futures rose ahead of the open Monday, but trading was light at the beginning of the week before Christmas.
Ms. Winfrey is about to make history by ending her blockbuster, one-hour talk fest, “The Oprah Winfrey Show,” and starting OWN, short for the Oprah Winfrey Network, that will speak for her 24 hours a day. The New York Times reports.
With backings by Oprah Winfrey, Ellen DeGeneres and just about every gift guide the media has written, Kinect for the Xbox 360 has become the “must have” gift of the 2010 holiday season.
Stocks closed off session highs, yet the Dow still hit its highest level since before Lehman Brothers collapsed as Treasury yields soared in the wake of the Federal Reserve's reaffirmation of its decision to buy bonds to stimulate the economy. AT&T and Kraft rose, while JPMorgan fell.
Stocks trimmed some gains but remained mostly higher Tuesday after the Federal Reserve reaffirmed its decision to buy bonds to stimulate the economy and left short-term interest rates unchanged. Kraft and Microsoft rose, while JPMorgan fell.
After failing to do so yesterday, the Dow is seeking to close above 11,444 today. If it does, it’ll become the last of the major indices to hit a new multi-year high.
Stocks continued to trade higher Tuesday after a handful of mostly strong economic reports, and despite weak earnings from leading electronics retailer Best Buy, as investors await news from the Federal Reserve's meeting this afternoon. Boeing and Cisco rose, while JPMorgan fell.
The hit game is one of the unlikeliest pop-culture crazes of the year — and perhaps the first to make the leap from cellphone screens to the mainstream, the New York Times reports.
Last November, Activision’s annual “Call of Duty” release ruled the sales charts in a dominant fashion. This year, the story is set to repeat itself.
There's no question that Wall Street is a tough place; are stocks about to get beaten up by a menacing trio?
Liberty Media CEO Greg Maffei has been busy, between finalizing his swap with Diller's IAC, and planning ahead to when Starz contract with Netflix expires.
TV or not TV? On Madison Avenue next year, leading forecasters say, that is not likely to be the question. The New York Times reports.
Google's making a big play in the fast-growing $1 billion e-book market — its Google's long-awaited bookstore, ebooks.com, is up and running.
It takes guts to radically alter a game that has 12 million paying subscribers—but when the company doing the tinkering is Blizzard Entertainment, you generally won’t hear a lot of complaints.