President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Warner Bros. Chairman and CEO Kevin Tsujihara has been ousted after an investigation into sexual misconduct allegations.
"Kevin has contributed greatly to the studio's success over the past 25 years and for that we thank him," WarnerMedia CEO John Stankey said in a statement Monday. "Kevin acknowledges that his mistakes are inconsistent with the company's leadership expectations and could impact the company's ability to execute going forward."
The company has yet to name a successor for Tsujihara.
Tsujihara was being investigated for allegedly promising acting roles in exchange for sex. The Hollywood Reporter was the first to report such allegations in early March.
THR's report included text messages between Tsujihara and British actress Charlotte Kirk going back to 2013. WarnerMedia had previously said that a prior investigation did not find any misconduct in Kirk's casting in films like "Oceans 8."
Some of these messages seemed to imply that Kirk believed she was used to help close a $450 million co-financing deal between Warner Bros. and RatPac Entertaintment, a production company owned by Australian billionaire James Packer and his business partner Brett Ratner.
RatPac Entertainment was a major partner of Warner Bros' films like "Justice League," "It" and "Kong: Skull Island."
"I emphatically deny any inappropriate behaviour on the part of Brett Ratner, James Packer, and Kevin Tsujihara, and I have no claims against any of them," Kirk said in her statement at the time. "Mr. Tsujihara never promised me anything."
Ratner was accused of sexual misconduct in 2017 by several women, which he denied. Warner Bros. cut ties with him and his company in 2018.
WarnerMedia, which is owned by AT&T, said it is continuing to work with a third-party law firm to complete its investigation with Tsujihara's cooperation.
Tsuijhara, 54, had been with the WarnerMedia unit for more than 24 years. He became CEO in early 2013 and became chairman position later that year. Tsuijhara, the first executive of Asian decent to head a major Hollywood studio, led Warner Bros. to have its most profitable year ever in 2017.
However, also under Tsuijhara's tenure, Warner Bros. struggled to produce DC superhero films at the same caliber of its counterparts at Disney and Marvel Studios. It wasn't until 2017's "Wonder Woman" that the studio found true success, taking in $821 million in ticket sales worldwide. A year later, "Aquaman" became the first DC film to cross the $1 billion mark.
After first announcing a deal to acquire Time Warner in 2016, AT&T closed the merger in June 2018. With Tsuijhara's departure, all of the management that joined AT&T from Time Warner is now gone. Jeff Bewkes, former CEO of Time Warner; John Martin, former CEO of Turner and Richard Plepler, former CEO of HBO, have all departed the company in the last year.
AT&T's stock remained relatively unchanged in midday trading.