CNBC News

Media magnate Oprah Winfrey is raking it in on her stake in Weight Watchers. The company’s shares were up nearly 20 percent Tuesday after the diet company reported better-than-expected earnings and raised its outlook, bringing Winfrey’s potential profit to roughly $300 million over two years. Weight Watchers stock is up […]

Media magnate Oprah Winfrey is raking it in on her stake in Weight Watchers. The company’s shares closed up more than 13 percent Tuesday after the diet company reported better-than-expected earnings and raised its outlook, bringing Winfrey’s potential profit to roughly $300 million over two years. Weight Watchers stock is […]

President Donald Trump‘s election led to a boom in the stock market and a resulting surge of money into the investment funds. In fact, since the Republican’s victory — Wednesday will mark the one-year anniversary — assets under management for mutual and exchange-traded funds surged about 16 percent, or $2.9 […]

Goldman Sachs expects bitcoin will hit new records, despite a roughly $600 drop in the digital currency from all-time highs. “The market has shown evidence of an impulsive rally since breaking above 6,044,” Sheba Jafari, vice president on the bank’s FICC Market Strats team, said in a Sunday note. “Next […]

A potential media mega-deal involving Walt Disney buying some of the key 21st Century Fox assets is the talk of Wall Street right now. CNBC reported Monday 21st Century Fox has been holding talks to sell most of the company to Disney, leaving behind a media company tightly focused on […]

Oil prices surged to their highest levels since the summer of 2015 on Monday as a major political shakeup in Saudi Arabia underpinned a rally fueled by geopolitical risk, analysts said. Crude futures hit the new highs overnight after the powerful Saudi Crown Prince Mohammad bin Salman coordinated the arrest […]

Wall Street is buzzing over Broadcom’s blockbuster unsolicited $70 per share offer to buy Qualcomm, which values the chipmaker at more than $130 billion including debt. If completed ,the deal would be the largest technology acquisition on record, according to Dealogic. The size of the deal also ranks as the […]

Soaring small business optimism is translating into big gains for larger, publicly traded companies as Main Street hopes for even more deregulation and hotly-anticipated tax reform, Goldman Sachs said. Shares of big companies that get their revenue from small businesses have rallied 38 percent since the election, while “the Russell […]

The so-called corruption crackdown in Saudi Arabia over the weekend may be the beginning of a bigger power struggle by the heir apparent to the throne which destabilizes the region for a time and keeps oil prices elevated. Following the creation of an anti-corruption committee by current King Salman, security […]

Thor’s battle with the goddess of death in “Thor: Ragnarok” looks poised to breathe new life into a franchise that has garnered lukewarm reviews and underwhelming ticket sales. The threequel marks the thunder god’s first standalone film since 2013’s moody “The Dark World” failed to excite critics and moviegoers. Disney […]