Money

By Oliver Darcy, CNN Business The Fox Corporation board has a huge mess on its hands — and it needs to work quickly to clean it up. That’s according to Jeffrey A Sonnenfeld, the renowned professor and senior associate dean for leadership studies at the Yale School of Management. Sonnenfeld told CNN on Tuesday that

By Nicole Goodkind, CNN The next generation of traders has blown the doors off an elitist Wall Street ritual, with Goldman Sachs, Chevron and Tesla all holding glitzy and widely publicized “investor days” this week in place of an intimate conference with shareholders. While Tesla’s investor day on Wednesday marks the first such presentation for

By Hanna Ziady, CNN UK house prices last month saw their biggest annual decline since November 2012, in the latest sign of the lasting pain that the ill-fated “mini” budget conceived by former Prime Minister Liz Truss inflicted on Britain’s property market. The average price of a house fell 1.1% to £257,406 ($310,000) in February

By Julia Horowitz, CNN Russian oil is still finding its way to buyers around the world. But even those who spend their days tracking its movement across oceans struggle to work out exactly who is ferrying it. As Western sanctions against Russia have escalated over its invasion of Ukraine, more ships have joined an existing

By Laura He, CNN The team of Communist Party officials running China’s economy is about to get a major makeover. Party elites have just finalized nominations for key government positions ahead of the annual gathering of the National People’s Congress, the country’s rubber-stamp legislature, which starts on Sunday. They include the four men tapped to

By Heather Chen, CNN Nestlé has announced that it will close its sole factory and head office in Yangon, Myanmar’s largest city, as it switches to a more “sustainable” business model amid ongoing turmoil in the country. Myanmar has been rocked by violence and instability since 2021 when a military coup ousted democratically elected leader

By Laura He, CNN China’s factory activity has expanded at the fastest pace in more than a decade, as the world’s second largest economy staged what economists are calling a “very rapid” rebound after reopening from zero-Covid. The government’s official purchasing managers’ index (PMI) for the manufacturing industry hit 52.6 in February, the highest level

By Allison Morrow, CNN Fox Chairman Rupert Murdoch said under oath that he made a business decision when allowing a conspiracy theorist to promote election lies on Fox News. “It is not red or blue; it is green,” he told lawyers in a deposition made public Monday. But spreading falsehoods about the 2020 presidential election