Business
- Tariffs and AI's downside pose top global risks for business, World Economic Forum says - The report captures a shifting landscape where geoeconomic confrontation leaps to the top spot on the list of business worries over the next two years
- 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.
- JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table' - Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
- Orsted jumps 6% after U.S. judge rules firm can resume wind project halted by Trump - The move comes shortly after a U.S. judge cleared the company to resume work on its nearly finished Revolution Wind project.
- Trump says Microsoft will make changes to ensure consumers don't pay for power used in AI buildout - President Trump said in a social media post that Microsoft will "make major changes beginning this week" to make sure Americans don't see rising energy costs.
- Wallace: Crypto Volumes Not Large in DIFC But Growing - Dubai's financial regulator is rolling out major updates to its crypto-token framework to bolster & regulate its digital asset environment. Elisabeth Wallace, Associate Director of Policy & Legal at the Dubai Financial Services Authority sp
- Trump threatens to sideline Exxon from Venezuela's oil: 'They're playing too cute’ - His comments come shortly after Exxon CEO Darren Woods said the Venezuelan market is "uninvestable" in its current state.
- Allegiant to buy rival budget airline Sun Country in $1.5 billion cash and stock deal - Budget airlines in the U.S. like Allegiant and Sun Country have faced a surge in costs following the pandemic and the increase in domestic capacity.
- Walmart teams up with Google's Gemini to make it easier for shoppers to find and buy products - The retail giant also has a similar deal with OpenAI's ChatGPT and has its own AI-powered chatbot, Sparky.
- Boeing's airplane deliveries are the highest in 7 years. Now it's about to pick up the pace - Boeing is set to outline its production increase plans later this month after it's expected to post its best year for deliveries since 2018.