Business
- 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.
- Treasury cancels Booz Allen contracts after employee leaked Trump tax records - Booze Allen employee Charles Edward Littlejohn also had leaked tax records of Amazon's Jeff Bezos and Tesla chief Elon Musk to a news outlet.
- Nvidia set to supplant Apple as TSMC's top customer, signaling chip industry's 'changing dynamic' - The positional swap will mark a fundamental shift in the semiconductor industry, reflecting Nvidia's growing importance amid the AI infrastructure buildout.
- Alex Pretti killing: Minnesota CEOs, including UnitedHealth, Target, call for 'immediate deescalation' - The Trump administration has surged federal law enforcement to the city to enforce its immigration crackdown and pursue allegations of widespread welfare fraud.
- Auto executives are hoping for the best and planning for the worst in 2026 - Automakers are entering a new phase of uncertainty as they deal with affordability issues and slowing consumer demand.
- Nvidia director Persis Drell resigns with $26 million worth of stock after decade on board - Nvidia's board now has 10 directors, including CEO Jensen Huang,
- Shares of CSG, one of the world’s fastest-growing defense firms, jump 30% on debut - Shares of Czech-based defense firm Czechoslovak Group (CSG) soared over 30% on its stock market debut on Friday.
- What obesity drugmakers see next in the market: More pills, easier access and drug combinations - CNBC spoke to executives from Eli Lilly, Novo Nordisk, Pfizer and other drugmakers at the annual JPMorgan Healthcare Conference in San Francisco.
- Airlines cancel hundreds of flights as massive winter storm sweeps across U.S. - U.S. airlines canceled flights and waived change fees for travelers as a cold snap and massive winter storm were forecast to sweep across the country.
- Nvidia’s Huang to visit China as AI chip sales stall - Nvidia CEO Jensen Huang plans to visit China ahead of the mid-February Lunar New Year, two people familiar with the matter told CNBC.