Category Archives: CNN – Business

Cokie Roberts, broadcast journalism legend, dies at 75

Cokie Roberts, broadcast journalism legend, dies at 75

Veteran journalist Cokie Roberts, winner of three Emmys and a legend and trailblazer in broadcasting, has died at the age of 75, ABC News announced. Roberts worked in television, public radio and publishing for over 40 years. She began her tenure at ABC as a contributor for “This Week with David Brinkley” and later became…MORE

AT&T chief executive defends the company’s costly media acquisition strategy

AT&T chief executive defends the company’s costly media acquisition strategy

AT&T CEO Randall Stephenson on Tuesday deflected criticism that the company is too big and paid too much for its media businesses. Stephenson, speaking at the Goldman Sachs Communacopia conference for media and telecom companies in New York, said it still “makes sense” for the company to own both a big wireless network and content.…MORE

Stephen Schwarzman writes in new book about his role as Trump interlocutor with China

Stephen Schwarzman writes in new book about his role as Trump interlocutor with China

Billionaire dealmaker Stephen Schwarzman, the head of Blackstone Group, thought after the 2016 election that he could help Donald Trump navigate some of the most complex negotiations in history. Foreign government officials desperate to understand America’s new commander in chief flocked to Schwarzman, whose private equity firm has done deals worth billions of dollars globally,…MORE

Oil prices drop after report that Saudi production could be restored in weeks

Oil prices drop after report that Saudi production could be restored in weeks

Oil prices dropped sharply Tuesday, following Monday’s surge that sent shock waves around the world. US oil futures dropped 5.5% to $59.47 per barrel, following a Reuters report that Saudi Arabian oil production would return to normal within two to three weeks. Investors took that as a positive sign about the impact of the weekend’s…MORE

Chipotle adds a new meat to its menu for the first time in a year

Chipotle adds a new meat to its menu for the first time in a year

Chipotle is adding a new protein to its menu for the first time in a year. The restaurant is rolling out carne asada, a marinated steak, for a limited time at its more than 2,000 stores in the United States beginning Tuesday. It is Chipotle’s first new meat item since it reintroduced chorizo in 2018.…MORE

China will release 10,000 tons of pork from its national reserves

China will release 10,000 tons of pork from its national reserves

China will release 10,000 metric tons of pork from its central reserves this week in a bid to stabilize soaring pork prices and cope with a swine fever crisis that has wiped out roughly one third of its pigs. The frozen pork will be auctioned online on Thursday afternoon, China Merchandise Reserve Management Center, a…MORE

5 things we learned from Day 1 of the GM strike

5 things we learned from Day 1 of the GM strike

Nearly 50,000 General Motors employees across the United States walked out late Sunday night after GM and the United Auto Workers union failed to reach an agreement on a new four-year contract. Workers participating in the strike are spread across 31 General Motors factories and 21 other facilities in nine states. Here’s what you may…MORE

WeWork expected to postpone its IPO

WeWork expected to postpone its IPO

Happy Tuesday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. WeWork’s parent company is expected to delay an IPO that had been expected as soon as next week, according to The Wall Street Journal, which reported that the offering is…MORE

Oil prices are pulling back a little but investors remain wary

Oil prices are pulling back a little but investors remain wary

Oil prices pulled back slightly during Asian trading hours Tuesday as investors continue to watch for fallout from the weekend’s devastating attack on Saudi Arabia’s crude production. US oil futures retreated 1.5% and were last trading at $61.95 per barrel. The price settled nearly 15% higher on Monday — its biggest daily percentage increase in…MORE