Business news

• Costco's quarterly beat isn't enough to knock out the bears — here's what could - The quarter looked pretty down the fairway, with beats across key line items — the membership renewal rate.
• Oracle's lease commitments jump by almost 150% as company builds out to meet AI demand - Oracle's lease commitments now total $248 billion, with $10 billion tied to cloud capacity.
• Trump signs executive order for single national AI regulation framework, limiting power of states - TechTrump signs executive order for single national AI regulation framework, limiting power of statesPublished Thu, Dec 11 20256:43 PM ESTJennifer Elias@https:/
• Costco tops Wall Street's sales and revenue expectations - Costco on Thursday surpassed Wall Street's quarterly expectations as its sales rose 8.2% year over year.
• Broadcom beats on earnings and revenue, says AI chip sales will double in current quarter - Broadcom stock is near an all-time high and has climbed 75% so far in 2025.
• Musk says SpaceX report of 2026 IPO is 'accurate' - Elon Musk ally Jared Isaacman looks set to be confirmed as the new NASA administrator after President Donald Trump renominated him for the role.
• Trump willing to seize more oil tankers off Venezuela coast, White House official says - The Trump administration has launched a major military buildup in the Caribbean as it escalates pressure on President Nicolás Maduro.
• The case for more Fed rate cuts could rest on a 'systemic overcount' of jobs numbers - There are indications that policymakers will be more inclined to cut further if the labor market stays weak.
• Home prices go negative for the first time in over 2 years — and may stay that way for a while - Home prices have not gone negative since mid-2023, a year after the Federal Reserve first brought rates up from zero, and mortgage rates moved sharply higher.
• Rivian announces new AI tech, in-house chip and robotaxi ambitions - The company has also developed AI models to power its Autonomy+ subscription, which it intends to roll out early next year for $2,500 upfront or $49.99 a month.