Money

By Jordan Valinsky, CNN Ousted Disney chief executive Bob Chapek is set to receive a hefty paycheck following his exit. The Walt Disney Company said the former CEO, who took over in February 2020 after longtime CEO Bob Iger retired, is eligible to take home a severance pay package worth roughly $20 million, according to

By Chris Isidore, CNN A four-year old tweet from Elon Musk has the Tesla CEO back in court starting Tuesday. Musk, Tesla and other Tesla directors are facing a shareholder lawsuit over his now-infamous 2018 tweet, which said that he was thinking about taking Tesla private at a price of $420 a share. If he

By Julia Horowitz, CNN Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession clouding the outlook and restraining investment. Now, cautious optimism is peeking through. That’s thanks in large part to China, whose sudden removal of strict coronavirus restrictions late last year is expected

By Anna Cooban, CNN Europe is scrambling to buy diesel fuel from Russia before a ban on imports comes into force in early February, but the frantic stockpiling is unlikely to prevent a new price shock for truckers, drivers and businesses. In the first two weeks of January, European countries snapped up almost 8 million

By Peter Valdes-Dapena, CNN Exactly 70 years after the very first Chevrolet Corvette was unveiled in January, 1953, General Motors revealed the first Corvette with an electric motor on Tuesday. The front wheels of the 2024 Corvette E-Ray are powered by a 160 horsepower electric motor, while a 495 horsepower V8 gasoline engine powers the

By Jeanne Sahadi, CNN After having surgery to remove a small cancerous tumor from his neck last year, Publicis Groupe CEO Arthur Sadoun decided to tell his employees, clients and shareholders of his condition. He still needed to undergo radiation and chemotherapy, and explained to them what that would mean for his work schedule. While

By Diksha Madhok, CNN India will overtake China this year to become the world’s most populous country. The likelihood of India passing that major milestone within a few months shot up Tuesday, when China reported that its population shrank in 2022 for the first time in more than 60 years. This shift will have significant

By Simone McCarthy, CNN China’s population shrank in 2022 for the first time in more than 60 years, a new milestone in the country’s deepening demographic crisis with significant implications for its slowing economy. The population fell in 2022 to 1.411 billion, down some 850,000 people from the previous year, China’s National Bureau of Statistics

By Laura He, CNN China’s economy expanded by just 3% in 2022, far below the government’s own target, marking one of the worst performances in nearly half a century. Growth was impacted heavily by months of widespread Covid lockdowns and a historic downturn in the property market. Still, the number came in slightly better than

By Michelle Toh, CNN Netflix is planning its largest-ever lineup of South Korean content, with 34 new and returning titles set to roll out this year. The streaming giant made the announcement Tuesday. It said that audience data showed “over 60% of all Netflix members” watched Korean titles last year. The nearly three dozen new