Category Archives: CNN – Business

Oil watch; Huawei bargain; Theresa May quits

1. Oil watch: Investors will be keeping a close eye on oil Friday after it suffered its worst day since Christmas Eve on Thursday. After starting the day above $61, US oil prices nosedived nearly 6% to a 10-week low of $57.91 a barrel. Chevron and ExxonMobil fell 2%, while oil drillers like Hess plunged…MORE

What does Julian Assange’s new indictment mean for journalists?

A new batch of charges against WikiLeaks founder Julian Assange has alarmed free speech advocates who say it threatens to criminalize legitimate journalistic practices. Prosecutors on Thursday accused Assange of 17 additional charges, including “unlawfully obtaining” and disclosing classified information in violation of the federal Espionage Act. This case, potentially more so than the first…MORE

Endeavor media company files for IPO

A media conglomerate that includes a talent agency famously led by Ari Emanuel is going public. Endeavor, which owns the mixed martial arts league UFC and talent agency William Morris Endeavor, announced Thursday it is filing to raise $100 million, a figure that could change at a later date. The company said it will list…MORE

With protesters at the gates, McDonald’s talks up its success story

McDonald’s annual shareholder meeting on Thursday was short and controlled, and made little mention of the criticism the chain has faced this week. Business continued as usual inside the meeting room at a hotel in Dallas, even as tension mounted elsewhere. Fight for $15, a workers advocacy group, organized a series of protests across several…MORE

Oil gets clobbered as trade war fears mount

A deepening trade war between the world’s two largest economies is bad news for the oil business. US oil prices plummeted nearly 6% to a 10-week low of $57.91 a barrel on Thursday as fears about the US-China trade standoff intensify in global financial markets. Crude, which started the day above $61, suffered its worst…MORE

Memorial Day gas prices remain stubbornly high

For much of the country, gas prices will be lower this Memorial Day weekend than they were a year ago. But they are still a long way from being cheap. Although the national average of $2.85 a gallon is about dime cheaper than a year ago, gas is still significantly more expensive than every other…MORE

Esquire’s top editor steps down after just three years

Esquire’s top editor said Thursday he is stepping down just three years after assuming the post. Jay Fielden, who was hired as the men’s magazine’s editor-in-chief in 2016, made the announcement in an Instagram post, saying the decision came “after a lot of long and careful thinking.” “There is no greater joy—or honor—than the camaraderie…MORE

Lee and Wrangler stock rises 4% after public debut

The owner of Lee and Wrangler jeans looked like it was going to have a tough day as a separate company on the New York Stock Exchange on Thursday. But shares rallied at the end of the day to finish about 4% higher. The stock had dropped 7% earlier on an admittedly rough day for…MORE

Playlist