Business
- GM tops earnings expectations, announces dividend increase and stock buyback program - GM recorded $7.2 billion in special charges for the fourth quarter of 2025, largely related to its pullback in electric vehicles and restructuring in China.
- Puma shares surge 20% after Anta Sports buys stake for $1.8 billion - Shares of Puma surged after China's Anta Sports said it would acquire a 29% stake in the German sportswear company for 1.5 billion euros.
- Big Tech’s AI data center push is spawning a new heat economy - AI’s energy problem may also be its solution, as cities are increasingly exploring opportunities to repurpose excess heat from data centers.
- Microsoft's plans for 15 more data centers win approval at former Wisconsin Foxconn site - Microsoft intends to expand in a place where it's been welcomed, months after backing down on a rezoning attempt in an adjacent village when residents objected.
- 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,