Business news
- TikTok uninstalls are up 150% following U.S. joint venture - TikTok's daily average U.S. app uninstalls have increased nearly 150% over the past five days compared to the previous three months, Sensor Tower told CNBC.
- 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.
- AI spending wasn't the biggest engine of U.S. economic growth in 2025, despite popular assumptions - The GDP value of AI is smaller than it might appear given that a lot of high-tech equipment is imported, according to a recent MRB Partners report.
- GameStop shares move higher after Michael Burry says he's been buying the stock - Burry said his investment is a long-term value play rather than a wager on renewed meme-stock speculation.
- 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.
- Trump sends Tom Homan to Minnesota to manage ICE after Alex Pretti killing - The killing of ICU nurse Alex Pretti by federal agents in Minneapolis, like the fatal shooting of Renee Good by an ICE officer, was caught on video.
- CoreWeave stock jumps 12% as Nvidia invests $2 billion to expand AI data center capacity - Nvidia purchased CoreWeave Class A common stock at $87.20 per share.
- USA Rare Earth shares jump 20% as Commerce Department takes equity stake - EnergyUSA Rare Earth shares jump 20% as Commerce Department takes equity stakePublished Mon, Jan 26 20267:11 AM ESTUpdated Moments AgoSpencer Kimball@spencekimb
- 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.
- U.S. natural gas prices hit $6 for first time since 2022 amid massive winter storm - U.S. natural gas prices surged above $6 for the first time since late 2022 on Monday as a massive winter storm sweeps across the country.