Money

With cameras banned, CNN sends sketch artist to White House briefing

Essay: Why is Trump keeping so many secrets? The White House has been prohibiting cameras at some press briefings, so on Friday CNN got creative and sent a sketch artist. Bill Hennessy, the network’s regular sketch artist for Supreme Court proceedings, headed over to the White House on Friday afternoon and drew Press Secretary Sean Spicer’s afternoon briefing. He didn’t have his usual easel, but he stood in the back of the briefing room to document the scene. Hennessy’s sketches aren’t exclusive to CNN; other news outlets may also use ...

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Al Jazeera: From global media player to bargaining chip

Al Jazeera: What you need to know News companies hate becoming the story. Unfortunately for Qatar’s state-backed media network Al Jazeera, it’s now the focus of a diplomatic crisis in the Middle East. The closure of the network and its affiliates is one of 13 demands made by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt for restoring diplomatic and economic ties with Qatar, according to multiple media reports. The coalition of countries led by Saudi Arabia broke off relations with Qatar earlier this month. They have accused the ...

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3-on-3 basketball is coming to a city near you

Ice Cube’s BIG3 is a blast from basketball’s past In the newest professional basketball league, the games are 3-on-3 and the stars are blasts from the past. And it’s only in town for a day. Big 3, a traveling summer league, is the brainchild of Ice Cube. It’s essentially a way for the rapper — and fans — to watch former NBA players handle the rock again. That includes Allen Iverson, Chauncey Billups and Mike Bibby, coached by stars like Dr. J, Clyde Drexler and Gary Payton. Roger Mason Jr., ...

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EU summit; Healthy banks; American Airlines

Click chart for more in-depth data. 1. EU summit: European Union leaders are meeting in Brussels on Friday. It’s been one year since Britain voted to leave the EU, and the country’s departure is at the top of the bloc’s agenda. Divorce negotiations officially kicked off on Monday. On Thursday, British Prime Minister Theresa May said that EU citizens will be given the opportunity to stay in the U.K., her first offer on a major issue that needs to be settled. How’s the British economy looking one year after the ...

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White House-media relations at breaking point as Spicer searches for replacement

Five months into Donald Trump’s presidency, White House-media relations are hanging by a thread. The White House is facing daily criticism from the news media over its decision to reduce the frequency of press briefings and hold some of those briefings off camera, depriving the public of a chance to see White House officials answering questions. Meanwhile, the White House has grown extremely critical of the media for what administration officials describe as biased and sensationalized reporting by grandstanding journalists. In the middle is an overstretched and understaffed communications team ...

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Boeing factory where Trump delivered jobs speech to lay off 200 workers

Trump: Air Force One looks great at 30 The South Carolina Boeing plant where President Trump gave a speech promising to protect U.S. jobs says it’s laying off workers. Boeing confirmed to CNNMoney Thursday that it’s cutting about 200 jobs at its plant in South Carolina. This is the first round of layoffs at the factorysince it began making the 787 Dreamliner there in 2009. Speaking at the plant in February, Trump promised a crowd of assembly workers, managers and executives that “jobs is one of the primary reasons I’m ...

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Stephen Colbert to appear on late night talk show in Russia

Colbert responds to Trump’s ‘no talent’ insult Stephen Colbert is in Russia this week and he’s scheduled to make an appearance on a late night Russian talk show. The official Instagram account for “Evening Urgant” posted a series of photos over the weekend that teased this week’s guest line-up. Eight swipes in is Colbert’s photo, which appears with text that reads “June 22.” It’s not clear if that is the date Colbert’s appearance will air or if that is when it will be taped. Host Ivan Urgant also posted a ...

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EpiPen maker's $98 million payout is just way too much, shareholders say

Mylan CEO grilled by Congress over EpiPen price hikes EpiPen maker Mylan got a rare scolding from shareholders who are fuming over a $ 98 million pay package for its former CEO. A majority of Mylan shareholders on Thursday rejected the drug company’s 2016 plan for paying its executives. Critics have blasted the plan as outrageous given the controversy over EpiPen price hikes. It’s highly unusual for investors to vote down “say-on-pay” proposals. The Mylan vote signals deep dissension over the $ 98 million in compensation awarded to former CEO ...

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Mark Zuckerberg explains why he just changed Facebook's mission

Zuckerberg: ‘We have a responsibility to do more’ Mark Zuckerberg has spent the last dozen years making sure you know what your friends’ babies look like and what your high school friends think about politics. And, of course, transforming media and politics by presenting news and opinion — true and fake — to billions of people around the world. Now the Facebook CEO is acknowledging that connecting people online isn’t enough. “We used to have a sense that if we could just do those things, then that would make a ...

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