Disney gets approval from China for its Fox acquisition, sending shares of both companies up

Disney gets approval from China for its Fox acquisition, sending shares of both companies...

Chinese regulators approved Disney's proposed acquisition of Twenty-First Century Fox assets Monday, CNBC has learned, sending each company's stock higher. Shares of Disney rose roughly 1 percent, after initially trading lower Monday morning. Shares of Fox rose 3 percent. The deal still needs regulatory approval from several countries, but the unconditional Chinese approval marks a…
Amazon and other retail stocks typically beat the market during Black Friday week

Amazon and other retail stocks typically beat the market during Black Friday week

The shortened Thanksgiving trading week culminating in the big Black Friday shopping day is typically a good one for consumer stocks and certain retail names in particular, history shows. The consumer discretionary sector of the S&P 500 rose 1 percent, on average, and traded positively 71 percent of the time during the week of Thanksgiving,…
Mark Zuckerberg reportedly blamed Sheryl Sandberg as Facebook faced numerous scandals

Mark Zuckerberg reportedly blamed Sheryl Sandberg as Facebook faced numerous scandals

Earlier this year, with Facebook facing public scrutiny over its Cambridge Analytica scandal and subsequent public disclosures, CEO Mark Zuckerberg placed the blame on second-in-command Sheryl Sandberg, according to a report by the Wall Street Journal. Zuckerberg told Sandberg as much, the report says, in a conversation that rattled Facebook's chief operating officer. Sandberg, who…
Men will be the big spenders this holiday season

Men will be the big spenders this holiday season

Men, not women, are expected to be the big spenders this holiday season. Males are expected to head to the malls and browse the web, spending more than they have in the past, because they have more to choose from, and they're not afraid to open up their wallets a little wider — for others…
It won’t be because of politics, but more wealthy investors see the end of bull market coming

It won’t be because of politics, but more wealthy investors see the end of...

Investors think the end of the record bull run is almost here — but they aren't blaming the change of power in Congress. Those are among the takeaways of a new report by E-Trade, which found that only 9 percent of investors with at least $1 million in a self-directed brokerage account expect stock market…
APEC fails to reach consensus as US-China divide deepens

APEC fails to reach consensus as US-China divide deepens

Wang Xiaolong, a senior economic official with China's APEC delegation, said of the failure to agree on a joint statement that it was "not exactly a sticking point between any particular two countries". Most members affirmed their commitment to preserving the multilateral trading system and supported a robust and well-functioning WTO, he said. "Frankly speaking,…
Michael Bloomberg donates $1.8B to Johns Hopkins amid speculation of 2020 presidential bid

Michael Bloomberg donates $1.8B to Johns Hopkins amid speculation of 2020 presidential bid

Former New York Mayor Michael Bloomberg is donating $1.8 billion to his alma mater, Johns Hopkins University. Bloomberg and the Baltimore university said Sunday that the gift is the largest ever to any education institution in the U.S. University President Ronald Daniels is calling the gift "transformative." He says the contribution will allow Hopkins starting…
Cleveland Browns deny report that Condoleezza Rice is in the running for head coaching gig

Cleveland Browns deny report that Condoleezza Rice is in the running for head coaching...

Cleveland Browns general manager John Dorsey denied the team has discussed interviewing former Secretary of State Condoleezza Rice for the Browns' head coaching job on Sunday. Dorsey issued the statement after a report from ESPN's Adam Schefter said the team was hoping to interview Rice. "Former Secretary of State Condoleezza Rice is a great leader,…
Disney deepens its footprint in mobile gaming, teams up with game publisher Jam City

Disney deepens its footprint in mobile gaming, teams up with game publisher Jam City

Drew Angerer | Getty Images An image of Mickey Mouse, the official mascot of The Walt Disney Company, is displayed outside the Disney Store in Times Square in New York City.  Walt Disney entered a multi-year games development partnership with leading mobile gaming company Jam City, continuing the Mouse House's foray into gaming and heightening…
Why Federated Investors’ Phil Orlando just got a little less bullish

Why Federated Investors’ Phil Orlando just got a little less bullish

Even some of the biggest bulls on Wall Street are pulling in the reigns. Phil Orlando, Federated Investors chief equity market strategist, has moderated his optimism this year and next, reflecting a range of headwinds buffeting the stock market. He anticipates 2900 on the S&P 500 by the end of 2018, half the advance he…

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