The daily business briefing: December 13, 2021

Chris Wallace leaves Fox News for CNN, Steven Spielberg's 'West Side Story' reboot makes disappointing box office debut, and more

Chris Wallace moderates a 2020 presidential debate
Chris Wallace moderates a 2020 presidential debate
(Image credit: JIM WATSON/AFP via Getty Images)

1. Chris Wallace leaves Fox News to join CNN streaming service

Fox News Sunday anchor Chris Wallace announced on his show that he is resigning after 18 years at the conservative cable network. "After 18 years — this is my final Fox News Sunday," Wallace said on his final airing. "It is the last time — and I say this with real sadness — we will meet like this." Wallace said he was leaving to start a "new adventure." CNN said he would be joining CNN+, a streaming service launching early in 2022. Wallace will have a weekday show in which he will interview newsmakers in business, sports, and culture, as well as politics, which was his bread and butter at Fox. "I look forward to the new freedom and flexibility streaming affords in interviewing major figures across the news landscape — and finding new ways to tell stories," Wallace said.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.