Sarnoff will take over one of the most storied studios in Hollywood, second only to Walt Disney.
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"Some of this is a long time coming," said one international trade expert.
"I’m not happy with his actions, I don’t think he’s done a good job,” Trump said of his appointee.
Despite the fact that Federal Reserve Chairman Jerome Powell struck a generally positive tone about the economy, Wall Street remains in a holding pattern ahead of crucial trade negotiations between the U.S. and China.
Hyundai and its Genesis and Kia brands had six individual winners in the annual quality survey, more than any other manufacturer.