Retail industry

• PepsiCo earnings beat estimates as drinks sales pick up around the world - PepsiCo reported fourth-quarter earnings and revenue that topped Wall Street's estimates.
• As American retail store anchors fade, private clubs are taking over more commercial real estate - Affluent consumers are key to retail centers as the K-shaped economy hits lower-end shoppers hard, and that's leading the private club concept to more cities.
• Bitcoin dips below $78,000 as market digests silver sell-off, Trump's Fed chair pick - Bitcoin and Ethereum plunged following wide swings in the commodities market.
• Big Food gets leaner with divestitures and breakups as consumers turn away from packaged snacks - Big Food has been selling off underperforming brands or even splitting up, as the industry faces weaker demand.
• GameStop's Ryan Cohen eyes 'very big' consumer megadeal that could increase company's value tenfold - Ryan Cohen wouldn't say whether he would sell GameStop's bitcoin to try to pull off a major acquisition.
• ‘Climate of fear’: ICE violence in Minnesota forces CEOs to weigh the risks of speaking out against Trump - Minneapolis has become the testing ground for when and how far corporate leaders will wade into escalating political tensions.
• Starbucks to unveil long-term outlook at investor day, as Niccol says turnaround is just beginning - Starbucks is expected to release a long-term forecast and share more details about how it plans to hit those financial targets at an investor presentation.
• Starbucks stock jumps as coffee chain's traffic grows for the first time in two years - Shares of Starbucks have fallen more than 3% over the last year.
• LVMH shares plummet 7% as fourth-quarter results lag competitors - LVMH shares plummeted Wednesday after the French luxury conglomerate reported mixed full-year earnings late Tuesday.
• Nike to cut 775 employees as it accelerates 'automation' at U.S. distribution centers - Nike is cutting 775 employees, primarily from jobs at distribution centers in Tennessee and Mississippi.