Business news
- Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection - Saks Global, which also owns Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection after running out of cash.
- What's at stake as Greenland and Denmark prepare for a White House showdown - The high-stakes meeting comes shortly after Greenland and Denmark's leaders portrayed a united front against Trump's takeover threats.
- Big Tech is poaching energy talent to fuel its AI ambitions - Hires of energy-related talent by Big Tech was 30% higher in 2025 than pre-AI levels.
- China's December exports sharply beat estimates, imports also top expectations - China's exports growth in December sharply beat expectations, catapulting the annual trade surplus to a record high.
- South Korea's special prosecutor seeks death penalty for ex-president Yoon over martial law bid - If Yoon is sentenced to death, it will be the first execution South Korea has carried out in almost 30 years.
- Meta's VR layoffs, studio closures underscore Zuckerberg's massive pivot to AI - Meta began laying off employees in its Reality Labs division focused on virtual reality and shut down several VR studios as it pushes resources towards AI.
- Japan's Nikkei 225 set to hit another high as Asia markets look past geopolitical worries - This comes as Japan's ruling LDP under new Prime Minister Sanae Takaichi is expected to call an election likely in February.
- Oil prices rise more than 2% after Trump cancels meetings with Iran, tells protesters help is on the way - President Donald Trump has repeatedly threatened to intervene if the Islamic Republic kills protestors.
- A major development in Trump's Fed feud is set to happen next week in the Supreme Court - Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank's quest to maintain independence.
- Warren Buffett was still searching for that elephant in his final months as Berkshire CEO - Warren Buffett, who handed over the CEO reins to Greg Abel at the start of 2026, made it clear that size is not the constraint, opportunity is.