The NHL wants you to believe that it's on the upswing as a television property, and its biggest selling point is the Stanley Cup Final. Last year's Game 7 between the Bruins and Canucks was the most-watched NHL game in 38 years, a broadcast that drew 8.4 million U.S. viewers and jumped seven percent from the final game of the Stanley Cup of 2010, which saw the Blackhawks defeat the Flyers in six games.
updated: Wed Nov 09 2011 21:57:00
Brian Todd reports on what Herman Cain's known accusers will do now - and has background on the accusers.
It's been an ugly few weeks on Wall Street. Stocks have fallen far and fast. But all the panic selling has created a sweet buying opportunity for some companies, according to investment experts.
CNN said Friday that it has hired CNBC's Erin Burnett to serve as an anchor and chief business and economics correspondent.
The popular website ChannelSurfing.net has been shut down and its owner charged with distributing pirated TV shows, first-run movies, and sporting events protected under copyright laws.
There are family reunions, high school reunions, sports team reunions -- and then there are investment banker reunions. As in, be afraid. Be very afraid.
The financial crisis wiped out almost $7 trillion in stock market value in 2008. It destroyed iconic American companies like AIG, Bear Stearns, Lehman Brothers, and nearly broke GM, costing tens of thousands of workers their jobs. It pushed millions out of their homes. And that's just in the U.S. -- forget the fallout still raining down on Europe and the rest of the globe. So where are the jail terms, or at least the perp walks, for those who oversaw it all? Cue the crickets.
Whether you're speaking the language of Wall Street or just plain English, you know the "bottom line" is what's supposed to matter most. And corporate America's bottom line, otherwise known as profit, is shaping up nicely.
Gold has risen 40% since the beginning of 2009, and set new record-breaking highs just this week, rising to $1,250 per ounce. Yet it almost goes without saying that plenty of investors have looked at the rally with just one question: when is it all going to end?
updated: Fri Apr 09 2010 07:00:00
It's practically naked, but you won't see any buns on this monster of a sandwich. CNN's Jeanne Moos has the taste test.
Journalism is often called the first draft of history. The credit crisis has presented an unusually large share of professional scribes a chance to make their marks for posterity.
Welcome to the Olympics of investing. Unfortunately, you are not a spectator. The S&P 500 index of large-cap stocks has lost more than 40% since November 2007, and about $2 trillion in value has disappeared from investors' 401(k)s and IRAs, according to the Center for Retirement Research.
At 6 p.m. on the Monday evening after J.P. Morgan Chase offered $2 per share for Bear Stearns, CNBC headquarters pulsed. In two hours the news team would go live with a special documentary cobbled together that day. The script was nearly written, and someone had laid out a spread of pasta, salad, and chocolate-covered strawberries on a conference table.
Billionaire Warren Buffett said Monday that the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet
U.S. stocks were poised to kick the week off with gains Monday, as hopes for a rescue of bond insurer Ambac kept investors upbeat.
Investing has a few simple rules that everyone knows are true yet most people find amazingly hard to live by. Diversify; don't chase hot returns; don't think you can outsmart the market. If you did nothing more and nothing less, your success would be all but ensured.
After years of watching stocks go almost straight up, it became pretty easy to forget how temperamental the market can be. Until mid-July, when the subprime mess gave Wall Street its worst scare in nearly five years, stocks were basking in the glow of the second-longest uninterrupted bull run in history.
On an October afternoon sticky enough to pass for midsummer, Rebecca Gomez, a veteran Fox News correspondent, and her co-star Cody Willard, a former hedge fund trader who bears a passing resemblance to Shaggy from Scooby-Doo, belly up to the bar at the Bull & Bear in Manhattan's Waldorf-Astoria Hotel. The regulars look up from their martinis when Gomez shouts, "Ten minutes, everyone. This is the first hit of FBN."
It doesn't look to me as if there will be a recession - at least not a major recession - from the subprime problems or the credit crunch or any of that panic on Wall Street. But there are effects rippling all over the place right here and now, and some of them are not what you might expect (though some are).
Most investors think too much and end up making the wrong moves. Follow these 8 guidelines and make the right ones.
The overall U.S. banking system is in very good shape and well-capitalized, Federal Deposit Insurance Corporation Chairman Sheila Bair said Thursday.
Rupert Murdoch's News Corp. said on Wednesday it would launch on Oct. 15 its new Fox Business Network, a cable channel that aims to rival General Electric Co.'s CNBC.
As audacious as Rupert Murdoch's $5 billion offer for Dow Jones was, News Corporation's internal plans to launch Fox Business Channel to go head-to-head with CNBC are surprisingly cautious.
No CEO dares say it, yet it must be said: The shaming is over. The 5 1/2-year humiliation of American business following the tech bubble's burst and the Lay-Skilling-Fastow-Ebbers-Kozlowski-Scrushy...
Want to get a glimpse of hedge fund psychology and strategy? How to drive a stock down to make your short bet pay off? Then you've got to check out a particular video on TheStreet.com.
If you were scripting a Wall Street movie, what kind of characters would you include? Perhaps a perfectly tanned, hard-charging executive with a reputation for wearing his ambition on his sleeve, o...
If you were scripting a Wall Street movie, what kind of characters would you include? Perhaps a perfectly tanned, hard-charging executive with a reputation for wearing his ambition on his sleeve, or a struggling CEO stuck in the shadow of his predecessor, or a glamour-puss anchorwoman who worked her way from cloakroom girl to worldwide celebrity, or a Saudi prince, or a billionaire media magnate plotting a new power play? Add a corporate jet and whispers of shenanigans at 35,000 feet, and you've got a certified blockbuster.
In a wide-ranging speech Thursday morning, News Corp. Chairman and Chief Executive Officer Rupert Murdoch discussed plans for a new cable business channel, the growth opportunities for social networking site MySpace, the 2008 presidential race and why he liked "Borat" so much.
You might think that someone like Dana Telsey, who can't wait to check out the latest line of clothing at Anthropologie and Banana Republic and Burberry, whose idea of a perfect Saturday is a visit...
I've noticed something about the financial advice that seems to register with Americans these days: It's getting louder.
Media mogul Rupert Murdoch's News Corp. may be close to a deal with Time Warner Inc.'s cable division to carry a Fox News business channel that would rival General Electric's CNBC, according to a published report Monday.
CNBC is canceling "Dennis Miller" in an attempt to revive the network's struggling primetime, according to Variety.
In hindsight, NBC Universal's big bet on the Athens Olympics isn't looking so risky after all.
If getting rich is supposed to make you feel good, why are so many investors so agitated so much of the time -- even when the market goes up?
The May 12 announcement that the NBC/Vivendi Universal Entertainment merger is final marks a historic shift: The Peacock is moving away from its network roots. NBC CEO Bob Wright forecasts a shift ...
With a mystery, you know someone has to die and someone has to be the killer. For an amateur writer, it's not a bad thing to start writing in a genre that has fairly well-defined rules. It gives yo...
"I now have a short position against the dollar because I listen to what the Secretary of the Treasury is telling me" --George Soros, famed financier, on CNBC
Suze Orman is on a mission. She says she's out to "change the way America thinks, acts, and talks about money." Not many people in the finance world would define their own lives, in public and with...
New age financial guru Suze Orman turned her name into a powerful brand by dishing out objective money-management advice in six bestselling books, a show on CNBC, and a column in Oprah's magazine. ...
Bank of America recently traded its slogan "Embracing Ingenuity" for "Higher Standards," which, while duller, is more in tune with this era of corporate scandal and diminished expectations. But we'...
It wasn't so long ago that on college campuses briefcases were the new backpacks, and Meeker the new Madonna. But with the market's current sorry state, you might expect educators to scale back on ...
The economy is humming again, and it looks like we're finally into a new bull market. But I'm confident that this time around we're going to do things differently. The Enron debacle and two consecu...
"Who Can You Trust?" asks a special report on CNBC, and most other business media have raised the same question. Trust is the topic of the moment, thanks to Enron, Andersen, Global Crossing, Tyco, ...
I
Not long ago, I was watching CNBC and realized that something looked different. Two of the three guests were economists; the third, a journalist who writes about economics. In fact, it has begun to...
A former member of the Indian Parliament, Jain now runs a news and current affairs satellite TV channel that reaches 26 million homes in India, as well as 36 other Asian countries.
I was finishing breakfast at the Regency Hotel in New York City, enmeshed in a rather wild conversation with a veteran hedge fund trader and a young hedge fund manager. The trader believed the U.S....
Last year we rated MSN MoneyCentral as the top financial destination on the Web. Its high-powered portfolio tracking and screening tools plus step-by-step planning guides meant no single site could...
When terrorists struck New York City and Washington, D.C., in September, business people were on the frontlines. As a nation, we will struggle to properly memorialize the thousands who have perishe...
Auto racing Jeff Gordon NASCAR star
Trying to spot the moment when the market has truly bottomed out has become America's favorite parlor game. Some say it has happened; others are skeptical. We at MONEY think you might as well try p...
The dark days are here again, and so the need for euphemism is once more upon us. You have noticed it. In good times people speak plainly. There is no looming shadow with sharp little teeth beneath...
ART HOGAN Chief Market Analyst Jeffries & Co.
It's a truism of the New Economy that information is inherently good--and that more is even better. But is there such a thing as too much? The graph shows market volatility growing coincident with ...
Picture this: First, a Maria Bartiromo stand-up outside the Fed. Mark Haines follows by grilling the City of Tulsa Comptroller on whether a new transfer station will speed up the rate at which tras...
1. Stop talking about it. This is easier than it sounds. People are often at a loss for things to talk about, and in the past several years many have found it expedient, in situations where once th...
Stanley Kubrick's 2001: A Space Odyssey will be rereleased on New Year's Eve. With the help of CNBC's Richard Hart, FORTUNE compares Kubrick's vision of 2001 with life as the year approaches.
Humans have a remarkable ability to detect patterns. That's helped our species survive, enabling us to plant crops at the right time of year and evade wild animals. But when it comes to investing, ...
When the history of the e-finance revolution is written, whose names will be included? Morgan Stanley analyst Mary Meeker? Definitely. E-Trade CEO Christos Cotsakos? Most assuredly. But to the list...
In the small town of Mediaville, Howard Kurtz is the chief of police. The longtime media reporter for the Washington Post, Kurtz has fashioned a career--quite a nice career, actually--out of exposi...
NICK ANGILLETTA Global Head, Salomon Smith Barney Trading Group
I've just had dinner at Windsor Castle. Two weeks earlier, it was at the Palace of Versailles. Last fall I had dinner at the Great Hall of the People in Beijing. A few years ago I even had dinner a...
My sister called me for investing advice a few days ago. How important was it to her, I asked, to beat the market? "I don't care about that," she said. "All I want is to pay for my kids' college an...
Over the past two years, I've used this space to write about many changes at MONEY: our full redesign 20 months ago, the launch of our Money.com section, the arrival of top-name writers. Making the...
You never hear of a business journalist becoming a morning talk show host. But then there's never been a business journalist like CNBC's Maria Bartiromo. We were secretly cheering Bartiromo when we...
Though you'd be hard-pressed to find it on Travelocity, there's one vacation package that allows participants to journey back in time. Men's Week at the Golden Door is a high-priced sleep-away camp...
When I was 12, my dad gave me 10 shares of IBM. Pointing to the columns of tiny numbers in the business section of the Sacramento Bee, he explained that at $66 a share, the total cash value of my "...
Being a market celebrity these days has its price. For bond fund manager Bill Gross, it was half a day's work. That's how long it took him to drive from his office in Newport Beach to a TV studio i...
There are about 20 minutes to go before the stock market closes, and I'm standing next to 24-year-old Adam Mesh in the sprawling offices of Tradescape, a Manhattan day-trading firm. "Hey, check out...
The Internet's the perfect medium for business news. So it's no wonder that traditional outlets like the Wall Street Journal and CNBC and upstarts like TheStreet.com and the Motley Fool are all cla...
If you listen to CNBC, market websites, your lunch pals--sometimes even magazines like MONEY--you might think the whole point of investing is to beat the market. In my experience, many investors fe...
Jeffrey Rayport is a faculty member on leave from Harvard Business School and directs the e-commerce research unit for Monitor, a strategy advisory firm.
It was a simple concept but a daunting task: scour the Internet to find the leading sites in every major personal-finance category. A team of six reporters spent two months doing exactly that.
The mayor is talking about his money. "What I've tried to do," says the mayor, "is put together a balanced portfolio that will meet my long-term objectives. I like the funds," he continues. "Vangua...
Scott Servais, catcher for the San Francisco Giants, started trading stocks seven years ago at the suggestion of his college buddy, now a director at MacKay Shields, a money management firm. The fi...
Have you seen that TV ad for an online brokerage in which this vivacious blond woman clicks away on her PC while extolling the joys of trading online? In the end she jumps up, pets her dog, and gus...
Where Net Buyers Chat
How did I become a CNBC junkie? I don't know; I just sort of got hooked. But I do know my habit has become a real jones lately. Here's a typical day:
The Fed chairman says global markets are calming. Two European drug companies are in merger talks. Several U.S. firms announce stock splits, and the Dow's up 132 to close at 8915. It's time to wrap...
I grew up in a planned economy. Bureaucrats didn't run everything: Small-business men were more or less free to buy and sell as they saw fit. But those who controlled the economy's "commanding heig...
Jack Welch, CEO of GE, on the network that will soon become his most profitable media property:
Okay, he understands the markets. He radiates enthusiasm. He's got presence.
Hey, remember the Decoder Circuitry Act of 1993? No? Well, thanks to this little-known law you can follow Friends while on the treadmill or track CNBC in a busy office. The act mandated that all TV...
I've been feeling increasingly irrelevant lately, and can you blame me? I attempt to write a regular column based on traditional fundamentals in a world in which traditional fundamentals no longer ...
Visit us online and check out our advanced investing tools, complete market data, and no-holds-barred analysis and news. You can pick stocks like a pro with Power Search, the most powerful stock sc...
They call her the "Money Honey," and lots of guys on Wall Street apparently daydream about an idyllic life with CNBC's pouty anchorwoman, Maria Bartiromo. Well, they can stop now. Maria, best known...
When Tim Heffernan was a sophomore at St. Anthony's High School in Huntington, N.Y., he read the standard high school fare. You know, the classics. Catcher in the Rye. 1984. One Up on Wall Street. ...
I was sitting around the other day doing what all ex-hippies do--watching the CNBC ticker--and my pal Barbeau called. "What the hell is going on with the market?" he said peevishly, echoing the que...
Who wants a boring stock market? Not CNBC. When the Dow goes wild, more viewers tune in. June's tumultuous action was no exception. Powered by its Wall Street coverage, the nine-year-old cable netw...
Every Friday, Louis Rukeyser checks into the same fustily elegant Baltimore hotel. From there he heads to the low-slung Maryland public-television-station building in Owings Mills, Md., where he's ...
ON-AGAIN, OFF-AGAIN IPOS
TRADERS
Xybernaut Corp. isn't the sort of stock we generally recommend to MONEY readers. The company, which has been peddling a prototype of a "portable" computer that you can attach to your belt, lost nea...
Now that keeping tabs on the stock market is America's favorite pastime, business television is big business, with three networks devoted to financial news. CNBC, the home of Squawk Box, had cash f...
If you really think about it, there are plenty of things as certain as the old standbys, death and taxes. Like that annoying vehicle emissions test. If you're like me, you usually forget about it u...
I was sitting at my desk yesterday, but what else is new. This young fellow who works for me was sitting on the other side of it, but so what. And I was putting a paper clip at the top of a sheaf o...
There was one clear winner when the Dow dropped 554 points in October: CNBC. The eight-year-old financial-news network provided such sharp coverage of the turmoil that it has become the buzz of the...
Monsanto CEO Bob Shapiro leans across his black marble desk in Creve Coeur, Missouri, and extols that ultimate hierarchy buster, E-mail. "I love it," he says. "I'm directly connected with 25,000 of...
Most Americans are wimps when it comes to negotiating. But Stephen M. Pollan, who resolves consumer complaints on CNBC's daily Money Tonight segment and is co-author of The Total Negotiator (Avon, ...
When the CNBC cable-TV network merged with the Financial News Network in May , -- more than doubling CNBC's potential audience to 42 million cable households -- Ken and Daria Dolan came a step clos...
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