Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
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
"I'm expecting my contract to expire at the end of 2021," Iger said Thursday during Disney's investor day presentations. "And I was going to say 'and this time I mean it,' but I've said it before. I've been CEO since October of 2005 and as I've said many times, there's a time for everything and 2021 will be the time for me to finally step down."
Iger has extended his contract with Disney twice during his tenure. Once in 2018 and then through 2021, but it was contingent on the Fox deal closing. Since that merger has wrapped up, Iger will remain with the company as the head executive for the next two years.
"I've been engaged with the board for quite some time and there's discussion about a succession and they've been engaged in a succession process," Iger said. "And we continue to feel that they will be able to identify my successor on a timely enough basis so this company has smooth transition."
Iger has been instrumental in many of Disney's acquisitions, including Pixar in 2006, Marvel in 2009 and Lucasfilm in 2012. He has also pushed for the launch of Disney+, a streaming service filled with original movies and television shows as well as Disney's slate of classic animated and live-action content.
There were rumors last month that Disney's internal restructuring was setting up two top executives as potential successors to Iger.
Kevin Mayer, 55, the company's head of strategy, was named chairman of a new direct-to-consumer and international segment. And Robert Chapek, 58, head of parks, added consumer products to his oversight.
Former consumer products head James Pitaro, 48, was named as the head of ESPN, but is considered a long shot for the role of CEO.