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The Labor Department's report showed the unemployment rate rose to 3.8% last month against expectations that it would remain unchanged at 3.5%, while wages advanced 0.2% on a monthly basis, moderating from a 0.4% rise in July. Nonfarm payrolls increased by 187,000 jobs in August, against expectations of 170,000 additions, according to a Reuters poll of economists. Data for July was revised to show 157,000 job additions instead of the 187,000 additions reported before. The payrolls report follows recent data showing a fall in job openings and softer-than-expected private employment growth, both of which signaled weakness in the labor market. Broadcom (AVGO.O) fell 4.5% as the chipmaker projected current-quarter revenue below expectations on softening enterprise demand.

Persons: Brendan McDermid, Nonfarm, Rick Meckler, salvos, Rosalind Brewer, decliners, Shristi Achar, Sruthi Shankar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Broadcom, Dell, Dow, Nasdaq, Federal, Labor, Data, Traders, Cherry Lane Investments, Fed, Institute for Supply Management, Dow Jones, Disney, Charter Communications, ESPN, Charter's, Dell Technologies, Walgreens Boots Alliance, NYSE, Thomson Locations: New York City, U.S, Bengaluru

Spectrum is the second largest U.S. cable provider, serving 14.7 million homes across large markets such as New York and Los Angeles. Shares of Disney dropped 2.65% to a three-year low while Charter lost 3.4%. Warner Brothers Discovery Inc (WBD.O) fell 10%, Fox Corp (FOXA.O) shed 6%, Paramount Global (PARA.O) dropped 8%, while Comcast Corp (CMCSA.O), the largest U.S. cable provider, was down nearly 3%. Charter said Disney rejected its proposal for a new distribution deal that takes into account the rise of competing low-cost streaming services, which has fueled cord-cutting among its customers. The cable provider said it pays Disney $2.2 billion in annual programming costs, excluding advertising.

Persons: Brendan McDermid, Hogan, Disney, Dennis Dick, Chibuike Oguh, Amruta Khandeka, Khushi Singh, Michelle Price, Richard Chang Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Fox Corp, Warner Brothers Discovery Inc, Disney, Charter Communications, ESPN, ABC, Hollywood, Charter, Paramount Global, Comcast Corp, U.S, Riley, Triple D, Thomson Locations: New York, U.S, Los Angeles, Hollywood, Bengaluru

☆ Spectrum owner Charter calls pay-TV model broken as it battles Disney over blackout
▼ + stars: | 2023-09-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

That resulted in Charter's customers losing access to its networks, including broadcaster ABC and pay-TV channels such as ESPN and FX. These sorts of battles, which can lead to so-called blackouts for pay-TV customers, are common in the industry. They said they pushed for a revamped deal with Disney that would see Charter cable customers receive access to Disney's ad-supported streaming services like Disney+ and ESPN+ at no additional cost. "The [traditional TV] model has been very good to Disney," Pitaro said at CNBC x Boardroom's inaugural Game Plan sports business summit. Disney said Thursday that it has been able to secure successful deals with other pay-TV companies and is still committed to reaching an agreement with Charter.

Persons: Disney, Chris Winfrey, Winfrey, Bob Iger, Iger, Jimmy Pitaro, nix, Pitaro, didn't Organizations: Cable, Charter Communications, Disney, U.S ., ABC, ESPN, FX, Fort, CNBC, ESPN –, Plan Locations: U.S, New York, Los Angeles, Dallas, Fort Worth and Atlanta

☆ Charter puts media companies on notice in bid to save pay-TV bundle
▼ + stars: | 2023-09-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesCharter Communications CEO Chris Winfrey wants the pay-TV bundle to live. For Charter, a company that doesn't produce content itself, the TV bundle is still a big part of its business, even as broadband grows. Disney also noted its multi-billion dollar investments in exclusive content for Disney+, ESPN+ and Hulu. Disney has said it's a matter of time before it offers ESPN outside of the pay-TV bundle. Long live pay-TV

Persons: Rafael Henrique, Chris Winfrey, Winfrey, Barry Diller, Tom Rutledge, —, Hulu —, Disney, Long Organizations: Communications, Getty, Charter, Disney, U.S ., Warner Bros, Discovery, Paramount Global, Comcast, Media, Paramount, ESPN, P Global Market Intelligence, Hulu Locations: U.S, Hulu

☆ Disney-owned networks go dark for Charter Communications customers
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney-owned networks go dark for Charter Communications customersCNBC's Julia Boorstin joins 'Halftime Report' to discuss the ongoing battle over contract fees between Cable giant Charter Communications and Disney.

Persons: Julia Boorstin Organizations: Disney, Charter Communications, Cable

Sealed Air has had a rough few weeks, with the stock down nearly 24% since the start of August. But the average price target implies shares could rally more than 31%, offering another reason to believe a bounce is on the horizon. Slightly more than half of analysts rate the stock a buy, with an average price target implying an upside of nearly 14%. Here's the full list: On the other hand, Charter Communications was the most overbought stock with an RSI of 81.57. The average price target implies shares could gain another 13.5% over the next year.

Persons: Joshua Spector, Morgan Stanley, downgrades, Wolfe, Peter Supino, Amgen, Michael Bloom Organizations: UBS, Investor, Fitch, Communications, Dow Jones Locations: U.S

☆ Traditional TV usage drops below 50% for first time ever
▼ + stars: | 2023-08-15 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The decline of traditional TV continues, even as the prices of streaming services rise. Total traditional TV usage — comprised of broadcast and pay-TV — dropped below 50% in July for the first time ever, according to Nielsen's monthly streaming report, The Gauge. Usage among pay-TV customers fell to 29.6% of TV, while broadcast dropped to a 20% share during the month. Many consumers left the traditional TV bundle due to its steep prices. Lackluster streaming subscriber growth hasn't helped much in their bid for profitability, Macquarie noted in its report.

Persons: —, Nielsen's, Tim Nollen, Max, Comcast's Peacock, Macquarie Organizations: Comcast Corp, Charter Communications, Comcast, Charter, Macquarie, Macquarie ., Nielsen, Netflix, Disney, Hulu, ESPN, Warner Bros, Warner Bros . Discovery, Paramount Locations: Macquarie

In this article SBGINXSTGTNSSP Follow your favorite stocks CREATE FREE ACCOUNTChristian Petersen | Getty Images Sport | Getty ImagesTensions are building among broadcast station owners and pay TV providers as the local rights to air NBA, NHL and MLB games go up for grabs. Pay-TV providers are also exploring alternatives to keep local games in the bundle. The NBA's Phoenix Suns and Utah Jazz recently reached deals to be be aired on local broadcast networks run by Gray and Sinclair, respectively. "The reality is that the issue people keep talking about is the rights fees. But the rights fees aren't necessarily the question," said Berke.

Persons: Christian Petersen, Sinclair, Diamond, Bill Morrow, RSNs, George Kubas, Lee Berke, There's, Gray, Brian Lawlor, Lawlor, Jeff Speer, —, Ion, Berke, David Peralta, Kole Calhoun, Starling Marte Organizations: Getty, NBA, NHL, MLB, Scripps Co, Gray Television, Nexstar Media Group, Diamond Sports Group, Warner Bros, Broadcasters, Comcast, Charter, DirecTV, Gray, Nexstar, Communications, Ohio, Bally Sports, Cincinnati Reds, Cleveland Guardians, Progressive, Diamond Sports, Diamond, Phoenix Suns, Utah Jazz, Clipper, Las Vegas Golden Knights, NHL Stanley, Scripps, Scripps Sports, Knights, Warnes Bros, Vegas Golden Knights, Florida Panthers, Mobile, — ABC, NBC, CBS, Fox, CW Network, Nexstar's CW Network, ACC, Nascar, Suns, Arizona Diamondbacks, Oakland Athletics, Chase Field, The Diamondbacks Locations: Cleveland, Los Angeles, Las Vegas, Las Vegas , Nevada, Phoenix , Arizona

☆ This video content stock could climb nearly 60%, Raymond James says
▼ + stars: | 2023-08-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Raymond James is growing more optimistic on Harmonic stock. The firm upgraded the broadband and video streaming stock to strong buy from outperform Thursday, coupled with a $16 per share price target. Raymond James' forecast implies 58.1% upside from Wednesday's $10.12 close. Harmonic stock soared more than 8% in midday trading Thursday. HLIT YTD mountain Harmonic stock has slipped more than 15% from the start of the year.

Persons: Raymond James, Simon Leopold, Leopold, Michael Bloom Organizations: Comcast, Charter Communications, Charter, Leopold, CNBC

☆ These are the top 10 U.S. cities where New Yorkers want to move—only 1 is in California
▼ + stars: | 2023-08-08 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

New York City is one of the most expensive American cities to live in, yet people from all around the world continue to flock there. Los Angeles is the only California city to make StreetEasy's list, while Florida had three cities rank in the top 10, including Tampa and Orlando. 1 U.S. city New Yorkers are moving to: Miami, FloridaMiami's popularity among New Yorkers continues to rise and the Florida city landed the top spot of cities residents are thinking about relocating to. Alexander Spatari | Moment | Getty ImagesTop 10 U.S. cities New Yorkers are moving toMiami, Fla. Philadelphia, Pa. Stamford, Conn. Atlanta, Ga. Tampa, Fla. Boston, Mass. It is considered the most significant financial district outside New York City, according to the city's Chamber of Commerce.

Persons: Douglas, StreetEasy, Goldman Sachs, Alexander Spatari, Sean Pavone, it's, Ned Lamont Organizations: New, Yorkers, Elliot Management, Fla ., Washington D.C, Philadelphia, Comcast Corporation, Toll, Burlington Stores, Burlington Stores . Philadelphia, Istock, Getty Images, Bloomberg, U.S . Postal Service, Charter Communications, city's Chamber of Commerce ., Getty Locations: Miami, Florida, New, New York City, Manhattan, The City, Yorkers, Los Angeles, California, Tampa, Orlando, U.S, United States, South Beach, Little Havana, . Miami , Florida, Fla . Philadelphia, Pa . Stamford, Conn, Atlanta, Ga, Fla, Boston, Mass, Fla . Los Angeles, Calif, Washington, East Stroudsburg, Pa, New York County, Kings County, Brooklyn, Queens County, Queens, Philadelphia, The Pennsylvania, Burlington Stores ., Getty Images Stamford , Connecticut, Connecticut, New York City for Connecticut, Stamford, city's Chamber of Commerce . Stamford , Connecticut

☆ Morning Bid: Bank of Japan excites, Dow unlucky, Intel jumps
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +4 min

Specifically, the central bank said it would offer to buy 10-year JGBs at 1.0% in fixed-rate operations, instead of the previous rate of 0.5% - tolerating the wider band for bond market borrowing rates. With July core inflation in Tokyo falling back to a 10-month low, the need for tightening may be ebbing anyway. Friday's data is expected to show another drop in the Fed's favoured core PCE inflation gauge in June. For markets more broadly, Friday seems a little scattergun so far after a heavy week of macro policy and corporate news. U.S. Treasury yields fell back from two-week highs hit after the punchy U.S. economy readouts and central bank moves, with the 2-to-10 year yield curve steepening as recession fears abate.

Persons: Mike Dolan, Dow Jones bluechips, T Rowe Price, Nick Macfie Organizations: Bank of Japan, Dow, Nikkei, Federal Reserve, European Central Bank, Treasury, ECB, Intel, U.S, Exxon Mobil, Chevron, Proctor, Gamble, Colgate Palmolive, Franklin Resources, Newell Brands, Church, Dwight, Charter Communications, Dallas Fed, University of Michigan, Reuters, Thomson Locations: U.S, Wall St, Tokyo, Wall, Asia, Centene, Franklin

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

☆ Telecom giant Charter is the most overbought stock on Wall Street. Here are the others
▼ + stars: | 2023-07-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The S & P 500 gained 2.4% amid a better-than-expected inflation reading and the early innings of second-quarter earnings season. CNBC Pro screened the S & P 500 for stocks in overbought territory, based on their 14-day relative strength index. A 14-day RSI above 70 means a stock is overbought and could be due for a reversal. Here are the S & P 500 stocks currently in overbought territory: Charter Communications is the most overbought stock in the S & P 500, with a gain of 1% this week and an RSI reading exceeding 99. These are the most oversold names in the S & P 500: Hershey is the most oversold stock of the group, with an RSI of about 13.

Persons: Phillips, Baker Hughes, Johnson Organizations: CNBC Pro, Communications, Williams Companies, Phillips, Hershey, RSI, Humana, Myers Squibb, Pfizer, Johnson Locations: overbought, Bristol

☆ Charter will offer a cheaper cable TV option without sports to reflect changing landscape
▼ + stars: | 2023-07-10 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

A change-up is coming to Charter Communications ' cable TV packages -- particularly for sports networks. The cable and broadband company said Monday that it plans to start offering a new, two-tier cable package system that will allow customers to select a cheaper, sports-free TV option. Diamond Sports Group, the owner of the largest regional sports networks portfolio, filed for bankruptcy protection earlier this year. But they're often considered expensive for consumers and could turn off potential streaming customers. Beginning in the third quarter, the company said its Spectrum-branded cable TV business will be relaunched as two new services.

Persons: That's, they're, Tom Montemagno, Dan Finnerty Organizations: Communications, Charter Communications, Diamond Sports Group, Disney, ESPN, DirecTV, — Spectrum SportsNet, SportsNet, Lakers, Time Warner Cable, Monday, Dodgers, Spectrum Networks Locations: U.S

☆ Biden administration details plans for $42 bln investment in US internet access
▼ + stars: | 2023-06-26 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

The $42 billion in federal funding under the Broadband Equity Access and Deployment Program is based on a newly released Federal Communications Commission coverage map that details gaps in access. Texas and California - the two most populous U.S. states - top the funding list at $3.1 billion and $1.9 billion, respectively. But other less populous states like Virginia, Alabama and Louisiana cracked the top 10 list for funding due to lack of broadband access. The administration estimates there are some 8.5 million locations in the U.S. that lack access to broadband connections. The lack of broadband access drew attention during COVID shutdowns that forced students into online schooling.

Persons: Joe Biden, Read, Joe Biden's, Jeff Zients, Zients, Franklin Roosevelt's, COVID, Biden, Anita Dunn, Mike Donilon, Jarrett Renshaw, Scott Malone, Chris Reese, Lisa Shumaker Organizations: Infrastructure Law, White, Broadband, Federal Communications, Congress, Verizon, Comcast, Charter Communications, Thomson Locations: Texas, California, U.S, Virginia , Alabama, Louisiana, America, Chicago

☆ Biden to detail plans for $42 billion investment in US internet access
▼ + stars: | 2023-06-26 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

Zients compared the broadband effort to President Franklin Roosevelt's efforts in 1936 to bring electricity to rural America. The administration estimates there are some 8.5 million locations in the U.S. that lack access to broadband connections. The lack of broadband access drew attention during COVID shutdowns that forced students into online schooling. The Biden administration will say how much of the $42 billion in funding each state will receive under the Broadband Equity Access and Deployment Program, based on a newly-released Federal Communications Commission coverage map that details access gaps. The advisers noted the economy has added more than 13 million jobs since Biden took office, including nearly 800,000 manufacturing jobs.

Persons: Joe Biden, Read, Jeff Zients, Zients, Franklin Roosevelt's, COVID, Biden, Anita Dunn, Mike Donilon, Jarrett Renshaw, Scott Malone, Chris Reese Organizations: Infrastructure Law, White, Congress, Verizon, Comcast, Charter Communications, Broadband, Federal Communications, Congressional, Thomson Locations: America, U.S, Chicago

☆ US FCC proposes to force cable TV operators to disclose full pricing
▼ + stars: | 2023-06-20 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The plan would require providers to disclose the total cost of video programming service - including broadcast retransmission consent, regional sports programming and other programming-related fees - as a prominent single line item on bills and in promotional materials. Major cable TV companies include Comcast Corp (CCZ.N), Cox Communications, Charter Communications (CHTR.O) and others. NCTA-The Internet & Television Association, an industry group representing the major cable TV companies, did not immediately respond to a request for comment. ACA Connects, which represents smaller video providers, said its members "are committed to transparency in their sales and billing practices." The rules require broadband providers to display, at the time of sale, labels that show prices, speeds, fees and data allowances.

Persons: Joe Biden, Biden, Jessica Rosenworcel, Anna Gomez, David Shepardson, Will Dunham, Chris Reese Organizations: U.S . Federal Communications Commission, Comcast Corp, Cox Communications, Charter Communications, Dish Network, Democratic, FCC, & Television Association, Democrats, Senate Republicans, Thomson

☆ Reddit API charges spark community outrage, dayslong blackout
▼ + stars: | 2023-06-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Steve Huffman, CEO of Reddit, delivers remarks on 'Redesigning Reddit' during the Web Summit in Lisbon, Portugal, Nov. 8, 2017. More than 6,000 Reddit communities have gone dark and are restricting access to protest the changes to the company's developer billing structure, beginning Monday morning. The blackout comes after Reddit told developers that it would begin to charge thousands of dollars for access to an application programming interface, or API. Among the concerns for the blackout organizers is allowing third-party apps to run advertising for the third-party developer's benefit. Developers use APIs to communicate directly with a website's software or infrastructure, and they allow Reddit's third-party developer ecosystem to build applications and services for users.

Persons: Steve Huffman, Reddit, Condé Nast, Elon Musk, Christian Selig Organizations: Advance Publications, Charter Communications, Warner Bros ., Twitter Locations: Lisbon, Portugal

[1/2] U.S. Supreme Court Associate Justice Clarence Thomas poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. REUTERS/Evelyn HocksteinWASHINGTON, June 7 (Reuters) - Conservative U.S. Supreme Court Justice Clarence Thomas, under scrutiny following revelations that he did not disclose luxury trips paid for by a billionaire Dallas businessman, has received an extension to file his mandatory annual financial disclosure, the court said on Wednesday. Some congressional Democrats have proposed imposing new ethics standards on the Supreme Court following reporting on conduct by some of the justices, in particular Thomas. Supreme Court justices are not bound like other federal judges by a code of conduct that includes avoidance even of the "appearance of impropriety." The three conservative justices appointed by former President Donald Trump drew additional income as law professors.

Persons: Clarence Thomas, Evelyn Hockstein WASHINGTON, Samuel Alito, Thomas, Harlan Crow, Crow, Frederick Douglass, Neil Gorsuch, Ketanji Brown Jackson, Jackson, Oprah Winfrey, Sonia Sotomayor, Sotomayor, John Roberts, Donald Trump, Gorsuch, Brett Kavanaugh, George Mason University's Antonin Scalia, Amy Coney Barrett, Roberts, Andrew Chung, John Kruzel, Will Dunham Organizations: U.S, Supreme, REUTERS, Conservative U.S, Judicial Conference, Politico, Liberal, Vogue, Random, Charter Communications, Texas, University of Notre Dame Law School, Thomson Locations: Washington , U.S, Dallas, Crow, Colorado, New York, Washington

☆ Reddit will charge hefty fees to the many third-party apps that access its data
▼ + stars: | 2023-06-01 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Application programming interfaces (APIs) have long been the way that third parties access the data from large internet companies and connect to their apps. Reddit has a thriving ecosystem of apps, plugins, and services created by amateur and professional developers. Users and developers were outraged when Twitter said it would charge $42,000 for 50 million requests. Apollo said it paid about $166 for the same number of API requests from the online-image sharing service Imgur. While many companies charge for API use, Reddit has historically derived the bulk of its income from advertising.

Persons: Baumgartner, Reddit, Conde Nast, Elon Musk, Twitter, Reddit didn't Organizations: Advance Publications, Charter Communications, Warner Bros ., Twitter

☆ MLB will broadcast San Diego Padres games after Diamond Sports stops payments
▼ + stars: | 2023-05-31 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Daniel Camarena of the San Diego Padres hits a grand slam during the fourth inning of a baseball game against the Washington Nationals at Petco Park in San Diego, July 8, 2021. The San Diego Padres have a new home base on TV. Major League Baseball will broadcast and produce the team's local games beginning Wednesday, after the owner of Bally Sports San Diego, its regional sports network for local in-market games, dropped the team. On cable TV, Padres games will be available through four providers: Charter Communications ' Spectrum, Cox Communications, DirecTV and AT&T U-verse. MLB said it would increase the reach of local Padres games from about 1.13 million homes to roughly 3.3 million homes.

Persons: Daniel Camarena, Diamond, Manfred, Noah Garden Organizations: San Diego Padres, Washington Nationals, Major League Baseball, Bally Sports San Diego, Diamond Sports, Bally Sports San, Padres, MLB, Diamond, Miami Marlins, Diamond Sports Group, Club, Communications, Cox Communications, DirecTV, Fox Sports, Disney, Fox, Bally Sports, Sinclair Broadcast Group, Sinclair, NBA, NHL, Arizona Diamondbacks Locations: San Diego, Bally Sports San Diego

☆ A buying force will give stocks a boost as soon as next week, especially these shares, Goldman says
▼ + stars: | 2023-05-02 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Corporate America's buying force should give the stock market a support as soon as next week, and some shares could see an outsized boost, according to Goldman Sachs. The Wall Street firm estimated that 75% of S & P 500 companies will be out of their blackout windows by the end of next week. To be sure, Goldman said the boost from buybacks may be particularly small this time around as companies tighten their purse strings amid an economic slowdown. Reported repurchases for the S & P 500 companies in the first quarter have fallen 21% year over year, Goldman said. "The outlook for corporate buybacks is less favorable and a slowdown is already in motion," Goldman said in a note.

☆ Futures dip as Amazon warns of slowdown in cloud segment
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +3 min

Amazon.com Inc (AMZN.O) shares slipped 1.1% in premarket trading as the company signaled its cloud growth would slow further, overshadowing its better-than-expected quarterly results. The weak updates followed stronger-than-expected earnings from big technology and growth companies this week including Alphabet Inc (GOOGL.O), Microsoft Corp (MSFT.O) and Meta Platforms Inc (META.O) which led analysts to improve first-quarter profit estimates for S&P 500 companies. The main U.S. indexes ended up sharply on Thursday, with the benchmark S&P 500 (.SPX) logging its biggest one-day percentage gain since early January. Analysts expect first-quarter earnings for S&P 500 companies to fall 2.4% year-over-year compared with a forecast for a 5.1% fall at the start of April. ET, Dow e-minis were down 105 points, or 0.31%, S&P 500 e-minis were down 16 points, or 0.39%, and Nasdaq 100 e-minis were down 48.75 points, or 0.37%.

☆ Stocks making the biggest moves midday: First Republic, Snap, Amazon, Intel and more
▼ + stars: | 2023-04-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Snap — The Snapchat parent company cratered about 18% after missing revenue expectations for the recent quarter. Intel — Intel shares rose more than 4% even after the company reported its largest quarterly loss on record and a 133% reduction year over year. Colgate-Palmolive — The consumer giant saw its stock rally 4% after the company reported quarterly earnings and revenue that topped expectations. The company reported 98 cents in earnings per share, above the 89 cents expected by analysts polled by Refinitiv. Newell Brands — Shares gained 2% even after the consumer goods company reported a wider-than-expected loss.

This week marked halfway point of the earnings season, with 50% of S & P 500 companies having now posted their quarterly results. The S & P 500 is up about 0.7% week to date through Friday afternoon trading. Here are of the stocks that saw the largest gains this week, and where analysts see them going forward. Almost 70% of analysts covering Hasbro are bullish on shares, according to FactSet dating. Meta shares rose 11.5% this week after the company reported its first sales increase in four quarters, as well as higher-than-expected quarterly earnings.

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