Thompson, who is a senior writer for ESPN.com and ESPN The Magazine, didn’t talk about sports coverage or marquee events. “It confirms our commitment to great storytelling irrespective of platform,” said Rob King, senior vice president of SportsCenter and news told CNBC. It’s an ESPN experience that allows us to do a presentation of a story that is unique.” But it drove home ESPN’s emphasis on bridging their digital, print and broadcast presence. Starting in January 2018, viewers won’t get to a

The ACLU reports that Arizona lost $141 million from canceled conventions in the year following the passing of SB1070. Additionally, the effect from the lost revenues resulted in $250 million in lost economic output, and almost $10 million in lost tax revenue. Governor Gregg Abbott needs to look deep into the heart of Texas and recognize the ripple effect he is creating with the passing of this racial profiling law. The measure required law enforcement, education and health officials to inquire

Trump to Coast Guard grads: ‘No politician in history’ has been treated worse than me 2 Hours Ago | 01:09President Donald Trump initially avoided his administration’s scandals at a commencement ceremony Wednesday. Trump pumped up Coast Guard Academy graduates by outlining the “path of service” they chose and their role in bringing “law and order” to the waters around the United States. No politician in history — and I say this with great surety — has been treated worse or more unfairly,” he said

Google announced on Wednesday that its partners will launch standalone virtual reality headsets later this year. Standalone headsets allow a user to experience virtual reality without requiring a computer or a smartphone to power the experience. Google said its partners, including HTC and Lenovo, are building the new headsets, which will launch later this year. HTC already sells the Vive, a high-end VR headset that requires a PC to operate. The new headsets will operate on Google’s “Daydream” pl

The odds for tax reform have been waning as more and more controversy swirls around the Trump White House. Daniel Suzuki, equity strategist at Bank of America Merrill Lynch, does not expect a major correction from the latest events. “Even if we were to get a correction, we’d be buyers of that dip or correction. Stone said the market will be looking for reassurance from Congress and other officials that the tax plan is still a top priority. While stocks edged to highs, the Treasury market had mov

Google Photos is making it easier for both Android and iOS users to share photos — even in print. Google’s photo repository app has hit half a billion monthly active users, Anil Sabharwal, who helps run product at Google, said on Wednesday. Soon the app will help users eliminate blurry photos and duplicates, and will release shared libraries. A shared library could be used to, for example, automatically recognize pictures of a user’s kids and share them with both parents. “A home for all your ph

Hedge fund managers’ most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble pulled in nearly $2.7 billion in hedge fund cash during the first quarter, nearly double the next most popular stock, according to figures released this week from S&P Global Market Intelligence. The huge flows came even though the company has fallen short compared with the broader ma

A quartet of tech heavyweights — Apple, Microsoft, Amazon and Facebook — collectively make up more than 10 percent of the S&P 500. Some strategists say that weighting makes the market precariously top-heavy, while others say investors have little to worry about. “Each of these stocks has an individual positive result, and what it’s telling you is that the rest of the market doesn’t have a good story. The S&P 500 does not get rebalanced; the better-performing stocks become bigger parts of the ave

Investors should buy Amazon stock because its share of the U.S. e-commerce market will rise significantly in the next two years, according to JPMorgan, which reiterated its overweight rating on the internet company. “We believe Amazon is well positioned as the market leader in e-commerce, where it’s still early days with U.S. e-commerce representing ~12% of adjusted retail sales (ex-gas, food, and autos),” analyst Doug Anmuth wrote in a note to clients Wednesday. “We believe Amazon continues to

Within a minute, we spotted three weakly encrypted Wi-Fi networks. We identified two open Wi-Fi networks that anyone could join without a password. As both the U.S. and French presidential campaigns showed, hackers increasingly exploit weaknesses in internet security systems in an effort to influence elections and policy. Even after spending millions of dollars on security, the White House admitted in 2015that it was hacked by Russians. After the hack, the White House replaced all its computer s

There’s one problem with the growing drumbeat to oust President Donald Trump from office: it’s being led by Democrats. We’ve seen this before when it comes to the unique political fortunes of Donald Trump. As another very reluctant Trump-backer, House Speaker Paul Ryan, put it last summer: “It’s a binary choice… it’s either Donald Trump or Hillary Clinton.” And it turned out almost every Republican hated Hillary Clinton more than they loathed Donald Trump. Getting back to the Democrats, their

It’s freaking us out — it’s affecting our business; it’s limiting our sales,” said Glenn Kelman, CEO of Seattle-based Redfin, a real estate firm. Kelman started Redfin more as a technology company and touts his ability to track closely the more than 80 metropolitan markets it covers. He blames the lack of inventory on a new dynamic in housing. Inventory of homes for sale fell about 7 percent nationally in March, compared with a year ago, according to the National Association of Realtors. “There

President Donald Trump plans to meet with four candidates for FBI director on Wednesday, including former Democratic Sen. Joe Lieberman and acting FBI chief Andrew McCabe. The four potential choices Trump will talk to Thursday are McCabe, Lieberman, former Oklahoma Gov. Trump fired ex-FBI Director James Comey last week as the bureau was investigating alleged Russian meddling in the 2016 election, including any possible ties between Trump campaign associates and the Kremlin. McCabe joined the FBI

Trump laughs at quip from Homeland Security boss to use saber ‘on the press’ 26 Mins Ago | 00:21Somebody thinks the sword is mightier than the pen. President Donald Trump’s head of Homeland Security joked “use that on the press, sir,” after the president was presented with a ceremonial saber during the U.S. Coast Guard Academy commencement Wednesday afternoon. “Yeah, that ”s right,” Trump laughed in response to Department of Homeland Security Secretary John Kelly’s caustic quip about the sword

Former FBI Director James Comey may have been building a case against President Donald Trump before he was fired, a former Justice Department official said. News that Comey wrote a memo in February detailing how Trump urged him to stand down on an investigation into fired national security advisor Michael Flynn has stunned the White House, Capitol Hill and much of the public. But the existence of the document should come as no surprise to those who know the career law enforcement officer, accord

As a result, some traders worried that the latest political developments could prevent Trump’s proposed tax reforms, deregulation and infrastructure spending from being implemented. However, most technical analysts noted the magnitude of the drop did not mark the beginning of a significant sell-off yet. “For the most part we really do see this contained,” said Sameer Samana, global quantitative strategist at Wells Fargo Investment Institute. “If we do get that bigger pullback [to] 2,200, 2,280,

The allure of colored diamond earrings Wednesday, 17 May 2017 | 4:18 AM ET | 02:08A pair of fancy colored diamond earrings sold for a whopping $57.4 million at auction Tuesday, setting a new record. The buyer snatched up “The Apollo Blue” earring for $42.1 million, and “The Artemis Pink” diamond for $15.3 million. The Apollo stone is a 14.54-carat blue diamond, while the nearly identical Artemis stone is a 16-carat pink diamond. The auction house had estimated that the pink diamond would sell fo

Amazon is hiring a business lead to figure out how the company can break into the multibillion-dollar pharmacy market. For the last few years, Amazon has held at least one annual meeting at its Seattle headquarters to discuss whether it should enter the pharmacy business, says two people familiar with the company’s plans. Two people said that it’s not a done deal that Amazon will move into this space, given the complex web of established players. Another person said Amazon has started to recruit

On the Wednesday evening halfway through the month of May each year, investors, analysts and biotech reporters all sit glued to their computer screens. ET on the dot, the American Society of Clinical Oncology will release thousands of data sets ahead of its annual conference on June 2-6 in Chicago. This year it’s about 5,020. The “abstract drop” reveals the progress being made in attacking cancer and, inevitably, moves stocks both large and small. Here’s what to keep an eye on Wednesday evening

“If there’s one belief the filthy rich have shared for centuries, it’s this: everything’s better once it’s dipped in our favorite inert element” — gold, says Robert Torti, host of CNBC’s “The Filthy Rich Guide.” On an upcoming episode, the show highlights some of the craziest things millionaires and billionaires have covered in gold. Saudi billionaire Turki Bin Abdullah — who’s worth around $28 billion — frequently boasts his fleet of gold cars on Instagram. His collection includes a Rolls Royce