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The major averages rebounded strongly this week as quarterly earnings came in largely better than expected and interest rates fell on softer economic data. The Dow Jones Industrial Average rose more than 5% for its best week since October 2022. The big theme next week is earnings and the four portfolio companies delivering their quarterly results. Here's the full rundown of all the important domestic data in the week ahead as we consider a number areas of our portfolio for trades next week. ET: Treasury budget statement for October (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)
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NEW YORK, May 10 (Reuters) - A U.S. bankruptcy judge on Wednesday blocked the NBA's Phoenix Suns from moving ahead with a television and streaming rights deal for its basketball games, saying the team violated the rights of its current broadcast partner, the bankrupt Diamond Sports Group. The Phoenix Suns last month announced they would broadcast future games to television and online streaming through a partnership with Gray Television Inc (GTN.N) and video technology startup Kiswe. The Suns' attorneys argued that its TV deal with Diamond expired with the end of the 2022-2023 regular season, and that the new deal would not interfere with Diamond's rights under its existing contract. "The Suns are saying one thing outside the court and another thing inside it," Lopez said. Financial terms of the Phoenix Suns' contracts with Diamond Sports and with Gray TV were kept sealed in bankruptcy court.
[1/2] Apr 18, 2023; Phoenix, Arizona, USA; Phoenix Suns forward Kevin Durant (35) with guard Devin Booker (1) against the Los Angeles Clippers during game two of the 2023 NBA playoffs at Footprint Center. Mandatory Credit: Mark J. Rebilas-USA TODAY SportsApril 28 (Reuters) - The NBA's Phoenix Suns and WNBA's Phoenix Mercury announced a new television and streaming rights deal for their basketball games on Friday, over the objection of the bankrupt U.S. sports broadcaster that currently televises Suns regular-season games. "Cord cutters, cable subscribers, fans with an antenna – everyone will be able to watch Suns and Mercury games," Ishbia said in a statement. The Phoenix Suns current television broadcast partner Diamond Sports Group said it would oppose the deal. The Suns and Mercury did not disclose financial terms of the new broadcast deal or the terms of the current Diamond Sports contract.
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