Rupert Murdoch’s decision to step down as chairman of Fox Corp. and News Corp. leaves his son, Lachlan Murdoch, with a daunting task — steering the family’s cable TV and newspaper companies around two troubled industries.
Apple Inc. is issuing smaller raises to its retail employees this year, marking a deceleration from atypically large pay hikes during the pandemic, according to people familiar with the matter.
Even billionaires’ scions are struggling to bridge the US-China rift.
A shift by India to a less onerous crypto tax regime may be two years away, according to one of the nation’s key digital-asset exchanges.
European classifieds company Adevinta ASA said it has received a takeover proposal from a private equity consortium that includes Blackstone Inc. and Permira for what would be one of the year’s biggest buyouts.
Sam Bankman-Fried’s request to be released from jail ahead of his Oct. 3 fraud trial was denied by a federal appeals court, hours after he lost a separate ruling that blocks him from calling expert witnesses for his defense.
Rupert Murdoch, one of the most influential and controversial figures in the media world, is stepping down as chairman of his Fox Corp. and News Corp. empire following a seven-decade career.
South Korea’s ambassador to Japan said “high-level” talks are underway for a three-nation summit with China poised to happen this year, and it wouldn’t affect ties with the US.
Just when investors looked set to embrace newly public tech companies, the Fed’s “hawkish hold” interrupted the romance.
Stocks fell the most since March, while Treasury 10-year yields climbed as the latest reading on the labor market just reinforced the case for the Federal Reserve’s higher-for-longer stance.
