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Showing posts with the label ATTInc

TV giants clash over NBA, NHL, MLB games as local rights go up for grabs

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[ad_1] Christian Petersen | Getty Images Sport | Getty Images Tensions 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. Broadcast station owners including E.W. Scripps Co., Gray Television, Nexstar Media Group and Sinclair have been in discussions with leagues and teams about potential deals to carry games on free over-the-air channels, according to people familiar with the matter, as long-held media rights for teams on regional sports networks unravel. Regional sports networks have owned almost all local sports rights for decades, but their viability is in doubt after tens of millions of Americans have been canceling cable TV in recent years. A shift to a model revolving around broadcast stations and direct-to-consumer streaming would upend the business that saw teams and leagues reap hefty fees. It would also boost broadcast station owners leverage in carriage negotiations — and potentially ac...

Cramer's lightning round: I like Juniper Networks

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[ad_1] AT&T Inc : "It's not as bad as it used to be." Plug Power Inc : "[CEO] Andy Marsh has promised us profitably for a very long time. ... My bountiful patience is beginning to get tried." Devon Energy Corp : "Keep buying." Disclaimer: Cramer's Charitable Trust owns shares of Devon Energy. Jim Cramer's Guide to Investing Click here to download   Jim Cramer's Guide to Investing  at no cost to help you build long-term wealth and invest smarter. [ad_2] Source link https://worldnews2023.com/business/cramers-lightning-round-i-like-juniper-networks/?feed_id=293300&_unique_id=65fe472c5df52

Dow rises for a 7th day, gaining 300 points after better-than-expected earnings: Live updates

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[ad_1] Traders on the floor of the NYSE, July 17, 2023. Source: NYSE The Dow Jones Industrial Average was higher Tuesday as traders digested better-than-expected corporate earnings. The Dow added 335 points, or 1%, aided by a 4.4% jump in Microsoft . The Nasdaq Composite climbed 0.4%, while the S&P 500 gained 0.5%. The Dow was headed for a seventh straight day of gains. Bank of America  reported better-than-expected earnings for the second quarter,  thanks to higher interest rates . The bank stock added 4.7%. Bank of N.Y. Mellon's earnings also exceeded expectations, helping lift shares 5%. Morgan Stanley stock added 6.5% after a beat on both revenue and adjusted earnings per share thanks to record revenue in its wealth management segment. PNC Financial , added 1.2% on the back of mixed second-quarter numbers. J.B. Hunt is slated to report after the bell. Overall, the earnings season is off to a strong start. Of the S&P 500 that have reported, 84% exceeded profit ...