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From coffee to electricity, latest CPI report shows where inflation is hitting the middle class the most

WESTON BLASI

Cost of living rose in December, and these households are feeling the pinch

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.

‘I’m at a crossroads’: I have $35K left on my mortgage at 3% interest. Do I dip into my $700K IRA to pay it off?

QUENTIN FOTTRELL

“Over the last year, my two retirement accounts averaged a 15% gain.”

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.

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.

Exxon Mobil’s stock hits a new high. Its CEO’s call on Venezuela may be helping.

CLAUDIA ASSIS

President Donald Trump has threatened to cut Exxon Mobil out of oil deals in Venezuela, but that hasn’t derailed the rally in the energy giant’s shares.

‘I will soon turn 65’: My son wants to live in my investment property for less than market rent. Do I say yes?

QUENTIN FOTTRELL

“I would like to quit working.”

China's December exports sharply beat estimates, imports also top expectations

China's exports growth in December sharply beat expectations, catapulting the annual trade surplus to a record high.

Big Tech is poaching energy talent to fuel its AI ambitions

Hires of energy-related talent by Big Tech was 30% higher in 2025 than pre-AI levels.

European markets head for mixed open as focus shifts to Greenland talks

European stocks are expected to open in mixed territory as investors in the region focus on a meeting between U.S. and Danish officials to discuss Greenland.

What's at stake as Greenland and Denmark prepare for a White House showdown

The high-stakes meeting comes shortly after Greenland and Denmark's leaders portrayed a united front against Trump's takeover threats.

Saks Global files for bankruptcy. Here’s how luxury retail went out of style

BILL PETERS

The Chapter 11 filing announced on Wednesday for the iconic, century-plus-old retailer — which oversees Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman and Saks Off 5th — could ripple through to other parts of the industry

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.

BP doesn’t wait for new CEO to take big write-off of renewables business

STEVE GOLDSTEIN

BP isn’t even waiting for its new CEO to start before taking a big charge over its push into renewable energy.

Tariffs and AI's downside pose top global risks for business, World Economic Forum says

The report captures a shifting landscape where geoeconomic confrontation leaps to the top spot on the list of business worries over the next two years