"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Nineteen billionaires release a letter asking the 2020 presidential candidates to support a tax on America's richest families.Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
Home Depot CEO Craig Menear said the company aims to minimize any impact that potential tariffs will have on customers by cutting costs elsewhere in the supply chain. The...Retailread more
Shares of Bristol-Myers Squibb plunged Monday after announcing that the target closing date for the proposed acquisition of Celgene has been pushed back and that the deal will...Biotech and Pharmaceuticalsread more
These are the stocks posting the largest moves midday.Market Insiderread more
She takes the helm after Kevin Tsujihara was ousted in March after an investigation into sexual misconduct allegations.Entertainmentread more
The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran...Marketsread more
Cashin believes the Fed could slash interest rates by an aggressive 0.5% at its next policymaking meeting at the end of July.The Fedread more
Long-time Disney executive James Pitaro has been named president of ESPN and co-chair of Disney Media Networks, the company announced Monday.
Pitaro was an early favorite for the position and takes the helm as Disney readies its direct-to-consumer streaming service. He will report directly to Disney CEO Bob Iger.
"Jimmy is a talented and dedicated leader with the right strategic vision, relentless drive and passion for sports required to lead the stellar ESPN team at this incredibly dynamic time," Iger said in a statement.
Pitaro has led Disney's consumer products and interactive media division since 2016 and succeeds John Skipper who resigned in December to deal with substance abuse issues.
"As a passionate and lifelong sports fan, I am honored to be joining the ESPN team during such a pivotal time in its storied history," Pitaro said in a statement. "The appetite for quality sports content across platforms has never been greater, and I am looking forward to working with the talented ESPN team as we continue to redefine the future fan experience."
Pitaro previously held positions at Launch Media and Yahoo, lending experience to Disney's digital push.
The company's forthcoming streaming service could pose a challenge to incumbents in the space like Netflix, bolstered by ESPN's live sports offerings.