Investing

Rupert Murdoch will step down from News Corp and the Fox Corp. after decades at the helm of the right-leaning news giant.

Rupert described his eldest son as a “passionate, principled leader” in a statement naming his successor.

Murdoch’s eldest son Lachlan will take over in November.

Australian hospitality tech platform Ordermentum has acquired food marketplace Foodbomb and raised $16 million in a bid to accelerate its national growth strategy and to further digitise the food and beverage industry.

Instacart’s three cofounders cashed in about $100 million from the IPO while firms who bought into InstaCart’s 2021 funding round dealt with a near 70% unrealized loss.

New York-based footwear and apparel retailer Foot Locker Inc. reported weaker than expected second-quarter earnings amid elevated promotional activity and weak consume…

An Australian retail analytics platform has expanded into fashion hotspots New York and London after a significant Series A raise.

The new home of the mixed martial arts UFC and wrestling’s WWE – inside a company known as TKO Group Holdings – went public this week to great fanfare, but there is massive debt that needs to be refinanced by 2026. TKO Group Holdings, the newly merged business operations of UFC and WWE that began […]

The targeted strike won’t involve all of the union’s nearly 150,000 members and marks a “new approach” to industrial action.

The largest IPO in 22 months, Arm opened with a $54.5 billion market capitalization.