Futures tumbled Wednesday after a report showed a much sharper drop in durable-goods orders than expected. Plus, a sharp selloff in China dragged on oil prices, which also weighed on the market.
The bulls are still in charge, for now.
An elite squad of guinea pigs has worked its own brand of magic at the box office, taking the No. 1 spot from boy wizard Harry Potter.
The bears were caught by surprise on Friday with the S&P 500 turning positive, despite rather disappointing earnings from Microsoft and weakness from Schlumberger.
Twitter is the talk of the Fortune Brainstorm conference. Everyone agrees it's a hot, powerful, popular new tool. But there's zero consensus about its profit potential.
While Technology is the topic of the Fortune Brainstorm TECH conference in Pasadena, Ca, where I'm reporting from today, media companies are front and center here.
Tim Armstrong has been CEO of AOL for more than 100 days now and he's starting to talk about his plans to transform the struggling division of Time Warner. (Last week I reported on his four main areas of focus).
Sony's movie studio has bid $50 million to acquire the worldwide distribution rights to a film based on rehearsal footage for Michael Jackson's "This Is It" comeback concert series.
Harry Potter continues to work box-office alchemy, turning his latest movie adventure into an overnight blockbuster.
Wizards and spies? Voldemort and Ernst Stavro Blofeld? Besides their accents, what do Harry Potter and James Bond have to do with one another? With the latest release of Harry Potter and the Half-Blood Prince, the young wizard's franchise is poised to surpass the Bond franchise in all time revenue. Here are the top 10 movie franchises of all time...
Harry Potter is some Wizard; he turns pretty much every business he touches into gold. The sixth movie in the franchise "Harry Potter and the Half-Blood Prince" opened at 12:01 Wednesday am with a record take; its 3,000 plus midnight shows brought in $22.2 million at the US box office. That's a solid ten million dollars more than the midnight gross from the previous Potter film. This puts the wizard on track for the biggest Wednesday to Sunday opening ever.
Cramer is having a hard time accepting that just one of this company’s franchises accounts for two-thirds of the market cap. Could Wall Street be wrong here?
Time Warner and Comcast's partnership to bring cable TV content to the Internet is adding more big brand-name partners.
I went out on a limb on Friday, suggesting that Social Networking is the technological emperor with no clothes since I haven't seen a single business model out there that actually generates any money. And it's certainly not for a lack of trying, along with some brilliant minds, who've had plenty of time to come up with something real.
Are we staring another dot com boom/bust right in the face? When it comes to social networking, that very well might be the case since it appears this emperor has no clothes.
Is it the next big thing or isn't it? That was one question discussed in the halls and around the lunch tables at the Allen and Company annual retreat in Sun Valley. Yes, there was plenty of talk about the economy and a big focus on healthcare, but when it comes to the next big thing, none of the startups here offer silver bullets for digital content monetization. The hot young things here are the there social media companies. In the spotlight: Mark Zuckerberg, CEO of Facebook, Evan Williams, CEO of Twitter, Mark Pincus, CEO of Facebook application company Zynga, and Sam Altman, CEO of Loopt.com.
The Wall Street vet has high hopes for housing, but Cramer isn’t so sure about the call.
While video game sales top Hollywood’s annual box office receipts these days, they still have a lot to learn from the movie industry.
I just landed in Sun Valley for the annual Allen & Co. conference in Sun Valley. There are only a handful of private jets in the airport right now, but in just a few hours it'll be packed with jets whose tail numbers tell the story of some of the richest men in America.
Several readers commented on the Kodak contest to identify "Rose Boy", the young man trying to hand a rose to actress Megan Fox.