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NEWS ABOUT: CNBC

Stewart Ratings Soar With Cramer Takedown

Clip gets 1.5M views; week's site traffic surges

(Newser) - Jon Stewart’s attacks on CNBC host Jim Cramer have been ratings gold for the late-night satirist, Variety reports. An 8-minute rant has garnered 1.5 million views, Comedy Central says, and plenty of press attention. Unique usage for the Daily Show site has soared 65% this week amid a... More »

Stewart's Right: Screeching CNBC Is Whacked

Shouting heads are so very far off base

(Newser) - It should come as no surprise to fans of Jon Stewart, but CNBC is as hysterical as he says—and worse, Gabriel Winant writes in Salon. After 12 hours watching the network "I was huddled in the corner of my couch, wondering why the angry faces were yelling at... More »

Cramer Going on Daily Show Thursday

(Newser) - This should be interesting: CNBC's Jim Cramer has agreed to go on Jon Stewart's Daily Show Thursday, notes the Business Insider. Stewart has been roasting Cramer, along with his CNBC cronies, for their market boosterism prior to the downturn. Last night, for instance, Stewart played a series of clips showing... More »

'I Save a Lot of People Money': Cramer to Stewart

(Newser) - Jim Cramer is once again on the defensive, as Jon Stewart seemingly can’t stop finding damning Mad Money clips, Gawker reports. Appearing on this morning's Today show, Cramer was subjected to a CNBC snippet that ran on the Daily Show last night, from January 2008, where the host literally... More »

Gibbs Isn't Afraid to Throw Verbal Punches

Obama spokesman lets Limbaugh & Co. dig their own holes

(Newser) - Robert Gibbs has shown he’s not afraid to skewer the likes of Rush Limbaugh and cable-TV talking heads in his White House press briefings, but he also knows when the best tactic is standing aside. “If your enemies are fighting themselves, then don’t get in the way,... More »

Money Guru: None of Us Really Knows What to Do

Pundits should hedge their bets and speak with caution

(Newser) - Financial pundits don’t know everything, and don't trust those who act like they do, Joel Lovell writes in the Washington Post. The GQ money expert acknowledges anxiety over dispensing information that may not be true at all. “It makes me feel like a bit of a fraud,”... More »

Reporter's Rant Provokes White House Ire

(Newser) - The White House struck back at a CNBC reporter today for loudly dissing President Obama's housing proposal on the floor of the Chicago Board of Trade, the Wall Street Journal reports. Rick Santelli’s 5-minute tirade, an Internet hit and apparent paean to conservatives, received a cool welcome from Press... More »

Cramer Is Fun, Informative, and Mostly Wrong

(Newser) - With Wall Street in shambles, Jim Cramer’s ratings are higher than ever—which is fine as long as you ignore his stock picks, Bill Alpert writes in Barron’s. Cramer doles out thousands of buy/sell recommendations a year that consistently underperform the market. Alpert examined Cramer’s record from... More »

Media Feeds Markets' Frenzy

'Volatility news cycle' as bad for traders as it is for nervous investors

(Newser) - Is the media behind the rampant volatility gripping Wall Street? It can’t be helping, longtime observer Roger Ehrenberg writes for Information Arbitrage. CNBC, Fox Business, and others recycle countless talking heads, each with passionate and conflicting views. “Media is motivated to evoke a reaction,” Ehrenberg reasons, so... More »

Sorry, Guys, No Rivalry Between CNBC Babes

Rumors of feuding CNBC anchors greatly exaggerated

(Newser) - The “Money Honey” versus the “Street Sweetie” makes for great headlines, but reports of catfighting between CNBC anchors Maria Bartiromo and Erin Burnett are way overstated, Suzanna Andrews writes in Vanity Fair. “There is not a rivalry,” says Bartiromo, who suggests that the rumors may stem... More »

TV News Struggles to Explain Crisis Even as Ratings Surge

Networks see viewer interest in formerly esoteric financial instruments

(Newser) - TV news programs are grappling with explaining the financial crisis to an audience suddenly much more interested in business news, the New York Times reports. With CNBC seeing its highest ratings ever and CNN, Fox and MSNBC seeing bumps in recent weeks, news shows have put teams of business pundits... More »

LinkedIn, CNBC Buddy Up

Biz networking site shares content; channel taps new ad targets

(Newser) - CNBC and LinkedIn have announced an alliance in which the business cable channel gets content and tools from the professional networking site—and the ability to more efficiently target ads to LinkedIn’s 27 million users, the Financial Times reports. Though LinkedIn’s CEO says CNBC won’t get users’... More »

CNBC Focuses on Fresh Face of Biz News

Erin Burnett's network tests new formula for creating a star

(Newser) - Since Jim Cramer and Maria Bartiromo became breakout stars for CNBC, the network has been trying to cultivate more of the sort of talent that draws a devoted viewership. Erin Burnett, 32, has enjoyed one of those carefully crafted career trajectories, moving from writer to co-anchor in just weeks. The... More »

Fox Business Network Debuts

Aims to make biz news less 'Wall Street,' more 'Main Street'

(Newser) - Fox Business Network officially debuts this morning, launching a challenge to CNBC, the only other all-business network on the air. FBN officials say they're looking to make business news less "Wall Street" and more "Main Street," so they won't be aiming to take hard-core financial types directly... More »

Coulter Crossed the Line This Time, Critic Says

LAT columnist calls her latest salvo anti-Semitic and dangerous

(Newser) - Ann Coulter has gone too far this time, says LA Times media critic Tim Rutten. Reacting with outrage at the conservative firebrand's statements may be playing into her game, but after her remark on CNBC that Jews must be "perfected" into Christians, it's necessary, he says. Coulter's comment is... More »

Coulter: Jews Need to Be 'Perfected'

She's flamed again, this time for calling 'dream' nation Christian

(Newser) - After drawing fire last week for wishing women weren't allowed to vote, conservative provocateur Ann Coulter has struck a new nerve, saying that the nation should be Christian and Jews need to be "perfected." She made the comments on CNBC's "The Big Idea" with Donny Deutsch, who... More »

Ex-HP CEO Joins Fox Business

Fiorina will be on-air contributor when new network launches next week

(Newser) - Former Hewlett-Packard CEO Carly Fiorina will be an on-air contributor to the new Fox Business Network when it launches next week, FBN said today. Fiorina headed HP from 1999 to 2005 and oversaw its buyout of Compaq before scandal led to her ouster. She will be a general business contributor... More »

Fox Business Sets a Date

Dow Jones deal uncertainty won't keep upstart network from October launch

(Newser) - With 30 million potential viewers already lined up, News Corp. will launch its new Fox Business Network on October 15. The cable channel will make its debut whether or not the pending Dow Jones deal is done, the Motley Fool reports, with Neil Cavuto at the helm and the onetime... More »

Dow Makes Last-Ditch Play for New Offer

Board goes after alternatives to Murdoch sale

(Newser) - As Rupert Murdoch tries to finalize a deal to take control of Dow Jones, the company is making a last effort to find an alternate buyer, pushed by a holdout director, Leslie Hill, who's a member of the controlling Bancroft family. The Wall Street Journal reports that among those being... More »

GE, Pearson Bail on Bid for Dow Jones

CNBC, Financial Times parent companies back away, clearing path for Murdoch

(Newser) - General Electric and Pearson may yet work out an arrangement that takes advantage of their business-media assets, but their plans don't involve Dow Jones. The companies said today they won't pursue a deal with the Wall Street Journal publisher, brightening the outlook for News Corp.'s $5 billion offer, Pearson's... More »

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