Business news
- Activist Elliott shakes up leadership at Lululemon. How the firm can help reinvigorate the athleisure giant - Elliott has amassed a stake of more than $1 billion in Lululemon, and it has brought along Jane Nielsen as a potential CEO candidate.
- What the Big Oil executives told Trump about investing in Venezuela - The CEOs of Exxon and Conoco are wary of returning to Venezuela. Chevron is ready to quickly ramp up production.
- Abel's $25 million Berkshire paycheck is in the same league as other S&P 500 CEOs - Greg Abel's $25M salary as Berkshire Hathaway's CEO is an enormous jump from Warren Buffett's famously small paycheck, but Abel still lags the nation's best paid corporate leaders.
- AI memory is sold out, causing an unprecedented surge in prices - Three primary memory vendors — Micron, SK Hynix and Samsung Electronics — make up nearly the entire RAM market, and they're benefitting from this shortage.
- Jim Cramer says don’t trade Apple and Nvidia as money rotates into overlooked stocks ahead of earnings season - Jim Cramer says a broad market rally is underway, with money rotating out of Apple and Nvidia and into overlooked stocks ahead of earnings season.
- Amazon plans first big-box retail store in Chicago suburb - Amazon has submitted plans for a large-format store near Chicago that would be larger than a Walmart Supercenter.
- Trump: ‘We are going to do something on Greenland whether they like it or not’ - President Donald Trump said his administration will take action on Greenland "whether they like it or not."
- OpenAI and SoftBank announce $1 billion investment in SB Energy as part of massive AI buildout - OpenAI and SoftBank agreed to invest $1 billion into a SoftBank-backed energy provider as the companies prepare for a massive buildout of AI data centers.
- Trump revealed some of Friday's jobs data early in post the prior day - The president indicated that private sector payrolls had expanded by 654,000, a total that would have included Friday's jobs count for December.
- Here’s what’s happening now with mortgage rates after Trump's latest push on housing affordability - President Donald Trump posted on social media Thursday that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds.