Finance News & Latest Business Headlines

- CNN Business
  Who is Lachlan Murdoch, the new chairman of Fox and News Corp?
  Read the full story
CNN Business7 hours ago
Rupert Murdoch steps down as Fox and News Corp. chairman, sending shockwaves
Rupert Murdoch, the powerful right-wing media mogul who built and oversaw one of the world’s most influential news empires, announced Thursday that he will step down as chairma…
Business Insider19 hours ago
China's attempts to boost markets and investor confidence have flopped
Key gauges of Chinese stocks have hit their lowest levels in about 10 months.
Yahoo Finance12 hours ago
Microsoft debuts AI-powered Copilot platform, new Surface hardware
Microsoft debuted its AI-powered Copilot platform and new Surface hardware during an event in New York on Thursday.
Reuters18 hours ago
Eight big banks must face US cities' bond collusion claims
A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bo…
Fortune20 hours ago
Elon Musk is attempting to enlist Taylor Swift’s help to boost traffic on his X platform
Few users offer Musk the star power of the music sensation, who attracts Super Bowl-level attention to whichever city her concerts play.
Yahoo Finance20 hours ago
Housing economist warns of 8% mortgage rates after home sales disappoint
Sales of previously owned homes declined 0.7% in August from the month prior to an annualized rate of 4.04 million.
Reuters7 minutes ago
Fed is cutting staff after more than a decade of payroll growth
The U.S. Federal Reserve system is cutting about 300 people from its payroll this year, a small but rare reduction in headcount across an organization that has grown steadily s…
Yahoo Finance19 minutes ago
The Fed's 'plausible' economic outcome leaves little margin for investors
Investors are left in a tough situation after an illuminating press conference where Fed Chair Jerome Powell poured cold water on optimists.
Business Insider13 minutes ago
Billionaire investor Bill Gross warns of more pain for bond investors with fixed-income on track for unprecedented 3-year slump
"Bond King" Bill Gross underscored inflation and an increasing national deficit as reasons for his bearishness on fixed-income assets.
CNN Business25 minutes ago
Britain says may clear restructured Microsoft-Activision deal
Microsoft’s restructuring of its proposed $69 billion acquisition of Activision Blizzard “opens the door” to the biggest ever gaming deal being cleared, Britain’s antitrust reg…
Business Insider13 minutes ago
Cathie Wood says Ark Invest avoided Arm's blockbuster IPO because valuation was on 'high side'
Arm's IPO was the biggest stock market debut for almost two years, but the Ark CEO told CNBC that other companies had "much more exposure to AI."
Business Insider50 minutes ago
Indeed's CEO says college students might be learning skills that could go 'obsolete' once they graduate — all because of AI
Will everything you learned in college be replaced by ChatGPT? The CEO of job site Indeed says it's not out of the question.
Reuters1 hour ago
US finalizes rules to prevent China from benefiting from $52 billion in chips funding
The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to pose Ameri…
Business Insider18 minutes ago
Airstream unveiled a new off-road Mercedes-Benz Sprinter camper van for nearly $200,000 as RV shipments continue to slump
Thor Industries has seen a 37.1% dip in sales compared to the same time in 2022. Maybe Airstream's new camper van can help soften the blow.
CNN Business54 minutes ago
Another top Silicon Valley investor is splitting off its China business as pressure mounts
GGV Capital, a prominent Silicon Valley venture capital firm, has become the latest big investor to break up its US and China operations into separate companies as tensions bet…
CNN Business54 minutes ago
Unions in Australia call off strikes at Chevron’s LNG plants
Union workers have called off strikes at liquefied natural gas facilities belonging to Chevron in Australia, ending a standoff that could have affected about 7% of global LNG s…
Reuters1 hour ago
Toyota to speed up EV production, aims for over 600,000 vehicles in 2025 - Nikkei
TOKYO (Reuters) -Toyota Motor will speed up production of electric vehicles of its Toyota and luxury Lexus brands, the Nikkei newspaper reported on Friday. Toyota declined to c…
Associated Press22 minutes ago
Microsoft's revamped $69 billion deal for Activision is on the cusp of going through
British competition regulators gave preliminary approval Friday to Microsoft’s restructured $69 billion deal to buy video game maker Activision Blizzard, easing a final global …
Reuters18 minutes ago
Euro zone recession risks grow as rate hikes bite-PMI
The euro zone economy is likely contract this quarter and won't return to growth anytime soon, a survey showed, as the dampening effect of central banks' long campaign of inter…
Business Insider2 hours ago
Billionaire investor Bill Ackman's answer to the RTO pushback is to let employees work from anywhere in July and August
"We've experimented with that for two years and that's worked well, people like the balance, and it works for our business," Akman told the New York Post.
CNN Business3 hours ago
China relaxes capital controls to entice badly needed foreign investment
China is allowing foreigners in Shanghai and Beijing to move their money freely into and out of the country, in a significant move toward relaxing its strict capital controls a…
Reuters4 hours ago
India's Wipro slides after CFO Dalal resigns in latest high-profile exit
BENGALURU (Reuters) -Shares of Wipro slid almost 3% on Friday, a day after long-serving CFO Jatin Dalal resigned in a surprise move, the latest senior level exit at the fourth-…
Reuters4 hours ago
Murdoch Family Trust: The real battle over succession has yet to begin
When Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp Thursday, the announcement put to rest immediate questions about wh…
Associated Press1 hour ago
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Shares in Europe were mostly lower Friday after mixed trading in Asia following a broad retreat on Wall Street driven by worries over interest rates. The future for the S&P 500…
Business Insider4 hours ago
Sam Bankman-Fried's parents are embroiled in the crypto exchange's troubles. Here's what we know about the Stanford Law professors.
Barbara Fried is a poet, biographer, and short-story writer. Joseph Bankman spent time working on charitable projects at FTX.
CNN Business5 hours ago
Studios and striking writers end ‘marathon session’ of negotiating with no deal, source says
The striking writers and heads of the four big Hollywood studios have concluded a “marathon session” of negotiations, which lasted more than ten hours, without reaching a deal …
Business Insider50 minutes ago
The biotech CEO who's trying to reverse aging swears by a strict diet, and spoiler alert, it involves a 'blended mush'
"I no longer have arousal from eating junk food," biotech CEO Bryan Johnson told Insider in a separate interview.
CNN Business6 hours ago
Studio Ghibli sold to Nippon TV after finding no successors for Hayao Miyazaki
The iconic Japanese animation company Studio Ghibli, which created internationally beloved films including “My Neighbor Totoro” and “Spirited Away,” has been sold to Nippon TV …
Business Insider7 hours ago
In case you missed Facebook's incredibly subtle logo change, Meta has a 1,600-word explanation for you
Facebook just updated its logo to a design it says is "bolder, electric, and everlasting."
Reuters5 hours ago
Stocks slide as higher-for-longer sinks in; yen drops on BOJ
Stocks eyed their worst week in a month on Friday and Treasuries hit decade lows as investors hunkered down for U.S. interest rates to stay high for some time, while the yen wa…
Reuters8 hours ago
Apple's iPhone seen gaining market share in India as Pro model demand rises
Apple is expected to gain a larger share of India's smartphone sales, with the high-end iPhone 15 Pro and Pro Max models accounting for more of its shipments. The company is pr…
CNN Business9 hours ago
Cisco taps new M&A firm Tidal for $28 billion Splunk acquisition deal
A new mergers and acquisitions advisory firm launched last year by former Centerview Partners dealmakers has scored a big win by advising Cisco Systems on its $28 billion acqui…
NBC Universal9 hours ago
Rudy Giuliani snubbed judge’s order in defamation case, election worker says
Rudy Giuliani has failed to comply with a federal judge's order to turn over evidence and pay legal fees to election workers he defamed, according to a new court filing.
USA TODAY11 hours ago
Biden aims to remove medical bills from credit scores, making loans easier for millions
Vice President Kamala Harris said the Biden administration is taking the first steps toward removing medical bills from people's credit scores.

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Who is Lachlan Murdoch, the new chairman of Fox and News Corp?

Why would Disney want to sell ABC?

What striking workers get wrong about automaker profits

Starbucks to face lawsuit alleging its Refresher fruit drinks are missing fruit

US stocks tumble amid surging bond yields and potential government shutdown

Sam Bankman-Fried to stay in jail, appeals court rules

Rupert Murdoch steps down as Fox and News Corp. chairman, sending shockwaves

China's attempts to boost markets and investor confidence have flopped

Microsoft debuts AI-powered Copilot platform, new Surface hardware

Eight big banks must face US cities' bond collusion claims

Elon Musk is attempting to enlist Taylor Swift’s help to boost traffic on his X platform

Housing economist warns of 8% mortgage rates after home sales disappoint

Fed is cutting staff after more than a decade of payroll growth

The Fed's 'plausible' economic outcome leaves little margin for investors

Billionaire investor Bill Gross warns of more pain for bond investors with fixed-income on track for unprecedented 3-year slump

Britain says may clear restructured Microsoft-Activision deal

Cathie Wood says Ark Invest avoided Arm's blockbuster IPO because valuation was on 'high side'

Indeed's CEO says college students might be learning skills that could go 'obsolete' once they graduate — all because of AI

US finalizes rules to prevent China from benefiting from $52 billion in chips funding

Airstream unveiled a new off-road Mercedes-Benz Sprinter camper van for nearly $200,000 as RV shipments continue to slump

Another top Silicon Valley investor is splitting off its China business as pressure mounts

Unions in Australia call off strikes at Chevron’s LNG plants

Toyota to speed up EV production, aims for over 600,000 vehicles in 2025 - Nikkei

Microsoft's revamped $69 billion deal for Activision is on the cusp of going through

Euro zone recession risks grow as rate hikes bite-PMI

Billionaire investor Bill Ackman's answer to the RTO pushback is to let employees work from anywhere in July and August

China relaxes capital controls to entice badly needed foreign investment

India's Wipro slides after CFO Dalal resigns in latest high-profile exit

Murdoch Family Trust: The real battle over succession has yet to begin

Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St

Sam Bankman-Fried's parents are embroiled in the crypto exchange's troubles. Here's what we know about the Stanford Law professors.

Studios and striking writers end ‘marathon session’ of negotiating with no deal, source says

The biotech CEO who's trying to reverse aging swears by a strict diet, and spoiler alert, it involves a 'blended mush'

Studio Ghibli sold to Nippon TV after finding no successors for Hayao Miyazaki

In case you missed Facebook's incredibly subtle logo change, Meta has a 1,600-word explanation for you

Stocks slide as higher-for-longer sinks in; yen drops on BOJ

Apple's iPhone seen gaining market share in India as Pro model demand rises

Cisco taps new M&A firm Tidal for $28 billion Splunk acquisition deal

Rudy Giuliani snubbed judge’s order in defamation case, election worker says

Biden aims to remove medical bills from credit scores, making loans easier for millions

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