Breaking News: Business
- 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.
- Warren Buffett was still searching for that elephant in his final months as Berkshire CEO - Warren Buffett, who handed over the CEO reins to Greg Abel at the start of 2026, made it clear that size is not the constraint, opportunity is.
- Data center REIT CEO says real estate ‘not in an oversupply state’ - Andy Power, CEO of Digital Realty says data center real estate is not oversupplied as hyperscalers like Nvidia, Amazon, Google and Meta announce more projects.
- 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.
- 2026 is the year of obesity pills. Here's how they could reshape the GLP-1 market - Patients can already access the first GLP-1 obesity pill from Novo Nordisk, and a rival oral drug from Eli Lilly is slated for U.S. approval later this year.
- 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.
- Why Trump is going after institutional homebuyers: They dominate markets like Atlanta, Jacksonville - Trump's message may be aimed at places like Atlanta and Jacksonville, metropolitan areas where investor ownership is more visible than elsewhere.
- Real estate agents say the housing market is starting to balance out - The latest housing survey shows agents slightly more optimistic about the new year, and shows a previously strong buyer's market becoming more balanced.