Business news
- South Korea's special prosecutor seeks death penalty for ex-president Yoon over martial law bid - If Yoon is sentenced to death, it will be the first execution South Korea has carried out in almost 30 years.
- Meta's VR layoffs, studio closures underscore Zuckerberg's massive pivot to AI - Meta began laying off employees in its Reality Labs division focused on virtual reality and shut down several VR studios as it pushes resources towards AI.
- Japan's Nikkei 225 set to hit another high as Asia markets look past geopolitical worries - This comes as Japan's ruling LDP under new Prime Minister Sanae Takaichi is expected to call an election likely in February.
- Oil prices rise more than 2% after Trump cancels meetings with Iran, tells protesters help is on the way - President Donald Trump has repeatedly threatened to intervene if the Islamic Republic kills protestors.
- A major development in Trump's Fed feud is set to happen next week in the Supreme Court - Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank's quest to maintain independence.
- 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.
- Trump attacks Powell again amid Fed independence fears: 'Incompetent' or 'crooked' - JPMorgan Chase CEO Jamie Dimon defended the Fed's independence amid the probe of Powell by Trump's DOJ, echoing Republicans' criticisms.
- Here’s the inflation breakdown for December 2025 — in one chart - The consumer price index was unchanged in December, and the inflation rate for some consumer staples like food and electricity remains elevated.
- JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table' - Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
- 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.