The Madison Square Garden Co. Enters Oversold Territory

Harendra Ray
  • Oil went through the roof after a report that OPEC reached a deal to limit production
    Business
    Business Insider

    Oil went through the roof after a report that OPEC reached a deal to limit production

    Oil is going through the roof following a Reuters report citing sources that say OPEC has reached a deal to limit oil production, with the deal going into effect in November. Prices for Brent crude oil, the international benchmark, surged by as much 6.3%, to $49.44 per barrel, around 2:33 p.m. ET. "OPEC agreed on Wednesday to reduce its oil output to 32.5 million [barrels per day] from the current production levels of around 33.24 million bpd, two OPEC sources told Reuters.

  • 10 Worst College Majors for Your Career
    Business
    Kiplinger.com

    10 Worst College Majors for Your Career

    Going to college promises the opportunity to further your education, meet new people and get a taste of independence. It does not guarantee a lucrative career after graduation. While it's true that a worker with a bachelor's degree typically earns 67.7% more than someone with just a high school diploma, according to the U.S. Bureau of Labor Statistics, what you study can be a better indicator of your future employability and earnings potential. We analyzed data for 215 popular college majors, looking at the typical starting and mid-career salaries expected from each. We also examined recent online job postings seeking candidates with those majors, as well as long-term growth expectations for

  • Let's fill a toilet with 240 pounds of mercury and then flush it
    Science
    CNET

    Let's fill a toilet with 240 pounds of mercury and then flush it

    Mercury, both beautiful and potentially dangerous, is a heavy metal that's liquid at normal ambient temperatures. It can be poisonous and should be treated with care. So what do you do with several large flasks of the shimmery stuff? You flush it down a toilet, of course. YouTube channel Cody's Lab filmed that exact experiment for us all to watch with wonder. Related stories Flush a functional solid-gold toilet at the Guggenheim Museum Iron Throne toilet lets you rule the bathroom The Cody's Lab video, posted on Tuesday, kicks off by discussing just how hard it is to flush a dense lead bullet down a toilet. You need a super-sucker of a loo to get the job done. The bullet test prompted Cody to

  • Andrea Tantaros Refuses ‘Seven Figure’ Settlement Offer from Fox News to Drop Harassment Case
    Entertainment
    Variety

    Andrea Tantaros Refuses ‘Seven Figure’ Settlement Offer from Fox News to Drop Harassment Case

    The attorney for former Fox News Channel personality Andrea Tantaros said Wednesday the host had turned down a settlement offer in the  “seven figures” and would continue to press her case alleging harassment by senior executives at the 21st Century Fox-owned cable-news outlet. The legal development threatens to fan the flames of a controversy that the network and its parent hope to extinguish: Roger Ailes, the leader of the network and architect of its popular and influential programming, was ousted in July in the wake of a lawsuit filed by former Fox News anchor Gretchen Carlson alleging sexual harassment by the executive. “As has been widely reported, Fox News previously offered Ms. Tantaros seven figures to renounce her harassment claims against Ailes (and others) in exchange for her eternal silence,” said Judd Burstein, a lawyer representing Tantaros in the matter, in a statement.

  • Unhappy Target customers send strong message on pill bottles
    TGT
    Associated Press

    Unhappy Target customers send strong message on pill bottles

    Longtime customers of Target's pharmacies are finding a change in pill bottle design hard to swallow. After CVS began operating Target's drugstores earlier this year, distraught customers have been asking — in some cases begging — the drugstore chain to bring back the retailer's red prescription bottles, which came with color-coded rings, labeling on the top and prescription information that was easier to read. Vivian Ruth Sawyer went fishing through her trash to rescue the old Target bottles soon after opening her stapled prescription bag to find the dowdy, white-capped amber vials that are common in most medicine cabinets.

  • 4 in 10 Parents Saving for College Are Making This Really Expensive Mistake
    Business
    Money

    4 in 10 Parents Saving for College Are Making This Really Expensive Mistake

    Four in 10 parents say they’re using a checking account to hold their college savings, and six in 10 report using a plain old savings account, in Sallie Mae’s annual How America Saves for College report. In fact, more than 40% of all college-savings dollars are held in low- or no-return vehicles such as checking accounts, savings accounts, or certificates of deposit. Interest rates in those accounts are negligible—less than 0.1% for most checking accounts and less than 1% for savings accounts.

  • Report: DirecTV parent AT&T to phase out satellites in 3 to 5 years
    Technology
    Denver Business Journal

    Report: DirecTV parent AT&T to phase out satellites in 3 to 5 years

    AT&T Inc. – which is expected to premier its streaming service DirecTV Now later this year – reportedly will work to make streaming its primary TV platform by 2020. AT&T last year acquired satellite-TV service DirecTV, which has a large Colorado footprint. Under the timeline, as reported by Bloomberg, DirecTV set-top boxes and satellite dishes could be obsolete in three to five years. Bloomberg cites people familiar with the plans. Dallas-based AT&T (NYSE: T) has claimed no allegiance to satellite TV technology from day one of its $48.5 billion acquisition of DirecTV, but it hasn’t publicly provided any definitive answers or a timeline on a migration of its 25 million video subscribers toward

  • News
    CNBC Videos

    Cramer's Stop Trading: Apple

    CNBC's Jim Cramer explains why he is watching Apple.

  • Here’s Who the Betting Markets Are Saying Will Win the Election
    Politics
    The Fiscal Times

    Here’s Who the Betting Markets Are Saying Will Win the Election

    Anyone who missed last night’s presidential debate and turned to social media to try to determine how it went might have a difficult time figuring out whether Hillary Clinton or Donald Trump came away on top. Trump supporters and the candidate himself are busy declaring victory and promoting internet polls in which as many as 80 percent of respondents claimed that Trump won. Team Clinton, meanwhile, has also declared victory and is citing multiple analysts in the media who insist that Clinton won, either by virtue of Trump self-destructing or her superior preparation.

  • This OPEC deal shows that Saudi Arabia's oil strategy has 'backfired on them'
    Business
    CNBC.com

    This OPEC deal shows that Saudi Arabia's oil strategy has 'backfired on them'

    "The big takeaway is how into a corner the Saudis have backed themselves. This whole plan has backfired on them. They're going to be bearing most of the cutback if they pull it off, and they've had to really kowtow to the Iranians in this whole thing," Kilduff told CNBC's "Power Lunch." In April, OPEC members and Russia met in Doha, Qatar, to hammer out a deal to freeze production at January levels. But Saudi Arabia scuttled that plan when its regional rival, Iran, refused to participate. Ahead of the meeting in Agiers, Saudi Arabia softened its stance, reportedly offering to cut its own production if Iran agreed to freeze its current output at roughly 3.6 million barrels a day. On Tuesday, the

  • Sumner Redstone urges Viacom-CBS deal, rules out others
    News
    Reuters

    Sumner Redstone urges Viacom-CBS deal, rules out others

    Privately held National Amusements said in a letter to both companies' boards that a merger would bring significant savings, but it would not support a transaction that would cause it to surrender control of CBS, Viacom or a combined entity. CBS shares rose 3.1 percent to $55.82 in morning trading, while Viacom was up 1.1 percent at $36.97. When Redstone split CBS from Viacom 10 years ago, investors saw the mainstream broadcaster as a slow-moving company catering to an older audience, compared with the young, scrappy Viacom, whose networks include Nickelodeon and MTV.

  • Tyson Foods recalls chicken nuggets sold at Costco stores
    Business
    Reuters

    Tyson Foods recalls chicken nuggets sold at Costco stores

    Tyson said it got complaints from consumers saying they had found small pieces of hard, white plastic in the nuggets, prompting the recall. The plastic may have originated from a rod used to connect a plastic transfer belt, the U.S. Department of Agriculture's Food Safety and Inspection Service said, and classified it as a Class I recall. There have been no injuries associated with this recall, Tyson said.

  • BARC.L
    Bloomberg

    Credit Suisse, Barclays Said to Be in Mortgage-Settlement Talks

    Deutsche Bank AG isn’t the only lender wrestling with the U.S. to resolve an investigation into toxic mortgage bonds: Credit Suisse Group AG and Barclays Plc are also each in settlement talks with the Justice Department, according to people familiar with the matter. A Credit Suisse deal could be announced within several weeks, one of the people said. The people all asked not to be named because the negotiations are confidential. The talks bring to at least three the number of banks in active discussions to settle investigations into mortgage-backed securities dealings that sparked the 2008 financial crisis.

  • Business
    Reuters

    Ship shake: Hanjin woes may help float tech, data start-ups

    The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player South Korea's Hanjin Shipping Co Ltd , is slowly waking up to the redeeming potential of technology. While sensor-laden containers, smart ships and 3D printing have grabbed the headlines, the start-ups making the biggest inroads are those working on something more basic - streamlining the interaction between shippers, freight forwarders, and those actually transporting the goods. "This is way up there on the list of insanely complex systems with enormous impact on the global economy," says Trae Stephens of Founders Fund, which this week led a $65 million investment round in Flexport, a start-up focusing on providing logistics services and data.

  • U.S. approves Boeing, Lockheed fighter jet sales to Gulf: sources
    BA
    Reuters

    U.S. approves Boeing, Lockheed fighter jet sales to Gulf: sources

    The United States on Wednesday began notifying lawmakers that it has approved $7 billion in long-stalled sales of Boeing Co fighter jets to Kuwait and Qatar, and more than $1 billion in Lockheed Martin Corp jets to Bahrain, sources familiar with the decision said. The sales had been pending for more than two years amid concerns raised by Israel, Washington's closest Middle East ally, that arms sold to Gulf Arab states could be used against it, and criticism of Qatar for alleged ties to armed Islamist groups. U.S. officials began notifying lawmakers informally about the sale of 36 Boeing F-15 fighter jets to Qatar valued at around $4 billion, and 28 F/A- 18E/F Super Hornets, plus options for 12 more, to Kuwait for around $3 billion, the sources said.

  • Eddie Howe rules out England football job -- for now
    Sports
    AFP

    Eddie Howe rules out England football job -- for now

    Bournemouth boss Eddie Howe ruled himself out Thursday of replacing Sam Allardyce as England manager, although he said the "ultimate job" could tempt him later in his career. Allardyce's one-game career as England manager came to a humiliating end after just 67 days on Tuesday following controversial comments made to undercover reporters. The 61-year-old was secretly filmed giving advice on how to circumnavigate transfer rules and mocking England predecessor Roy Hodgson.

  • Citigroup becomes last big U.S. bank to join payments network
    C
    Reuters

    Citigroup becomes last big U.S. bank to join payments network

    Citigroup Inc on Wednesday became the last of the big U.S. banks to agree to allow customers to send instant payments by mobile phone over an industry network that is competing with upstart Venmo. Citigroup said in a statement that it will begin offering the service early next year over the clearXchange network. ClearXchange has emerged as the industry's rival to Venmo, a non-bank payment service of PayPal Holdings Inc, which is winning fans among young adults who use it to split apartment rents and dinner tabs.

  • News
    CNBC Videos

    Why investors should look at listed real estate

    The return and risk characteristics of listed real estate are exactly the same as real estate assets, says AMP capital's Charles Wong.

  • Business
    Reuters

    Anglo American eyes job cuts at Australian coal mine

    Global miner Anglo American (AAL.L) on Thursday said it had opened talks with workers and unions on a proposal to cut 90 jobs at its Capcoal coking coal mine in Australia, where industrial work stoppages have been underway since August. Anglo American, in the process of selling off its coal mining business in Australia to pay debt, said consultation was needed to "address a challenging commercial environment and unplanned delays to production", despite increases in coal prices. Coking coal prices have more than doubled since January, with traders on Thursday quoting spot prices of around $200 a tonne.

  • Business
    Reuters

    Fed, BOJ add shine to risk-parity strategy

    The Federal Reserve and Bank of Japan's actions last week have given a second wind to an alternative investment strategy that relies on cheap money and low market volatility to produce outsized returns. Risk parity trades, which involve borrowing to take long positions in both stocks and bonds, have been favoured by some big hedge funds and other institutional investors starved for yield by eight years of record low global interest rates. The funds had a rough 2015 when volatility spiked because of concerns about China's economy and tumbling oil prices, prompting investors to yank more than $2 billion (1.54 billion pounds) from risk parity portfolios, according to Morningstar.

  • Business
    Reuters

    AIG's ex-CEO Greenberg cites lawyers, accountants in fraud defense

    Maurice "Hank" Greenberg, the 91-year-old former chairman of former American International Group Inc , said at his fraud trial that he never would have considered doing a transaction that failed to pass muster with the insurer’s lawyers and accountants. Greenberg defended himself during his second day of testimony over two allegedly sham transactions. "The concept of converting underwriting losses to investment losses was intriguing," Greenberg said in the Manhattan courtroom on Wednesday.

  • Ex-Fox anchor's doctor backs sexual harassment claims against Ailes
    Business
    Reuters

    Ex-Fox anchor's doctor backs sexual harassment claims against Ailes

    An ex-Fox News anchor told her therapist that former network chairman Roger Ailes sexually harassed her, two years before she went public with the allegations that the company said she made up, a document filed in court on Wednesday said. Lawyers for Andrea Tantaros filed a statement in New York state court in Manhattan from the therapist, who said Tantaros spoke to her about the harassment in 2014. Tantaros sued Ailes and Fox News, a unit of Twenty-First Century Fox Inc in August.

  • U.S. Senate's top tax lawmaker targets corporate offshore profits
    Politics
    Reuters

    U.S. Senate's top tax lawmaker targets corporate offshore profits

    By David Morgan WASHINGTON (Reuters) - The U.S. Senate's senior Democratic tax law writer says he will rip up a root of corporate tax avoidance if his party wins Senate control in November, targeting trillions of dollars in tax-deferred profits being held abroad by U.S. companies. In an interview with Reuters, Oregon Senator Ron Wyden said he wants to put an end to a Kennedy-era law that lets U.S. corporations indefinitely hold profits from active business operations offshore without paying U.S. tax on them. Corporate tax avoidance is under trans-Atlantic assault.

  • Wells Fargo workers say they were fired for reporting 'gaming' of sales quotas
    WFC
    Reuters

    Wells Fargo workers say they were fired for reporting 'gaming' of sales quotas

    At least five Wells Fargo employees have sued the bank or filed complaints with regulators alleging that they were fired after reporting the opening of customer accounts without their permission, according to a Reuters review of lawsuits and complaints to the U.S. Labor Department. The suits and complaints, filed between 2010 and 2014, raise questions about how early Wells Fargo knew about such allegations and how it handled them. One of the fired employees was Birinder Kaur Shankar, a former Colorado-based customer sales representative who in July 2014 filed a complaint with the Labor Department's Occupational Safety and Health Administration (OSHA).

  • The 5 states where teachers earn the lowest salaries
    Business
    Business Insider

    The 5 states where teachers earn the lowest salaries

    Personal finance site WalletHub recently ranked the best and worst states to be a teacher, considering factors such as average starting salary, median annual salary, income growth potential, and average teacher pensions, as well as non-salary metrics like public school enrollment growth, school safety, and student-teacher ratio. The two lowest-paying states happen to be on opposite ends of the cost-of-living spectrum: While Hawaii is notoriously expensive, South Dakota often ranks as one of the cheaper places to live in America.