Breaking News: Business
Costco tops Wall Street’s sales and revenue expectations
Customers walk in the parking lot outside a Costco store on Dec. 2, 2025 in Chicago, Illinois. Scott Olson | Getty Images Costco on Thursday surpassed Wall Street’s quarterly expectations and posted year-over-year sales growth of 8.2% as the retailer attracted more digital sales and opened new locations. The warehouse club does not share a […]
Read More
Lululemon CEO Calvin McDonald to depart in January as retailer struggles to compete, woo shoppers
Calvin McDonald, CEO of lululemon athletica inc., is interviewed by CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2023. Brendan Mcdermid | Reuters Lululemon announced Thursday its CEO Calvin McDonald will step down effective Jan. 31 following more than a year of underperformance at the […]
Read More
‘Spoof’ ship: Seized oil tanker Skipper hid location data, visited Iran and Venezuela
Skipper port calls in 2025 MarineTraffic The big crude oil tanker that U.S. forces seized Wednesday off the coast of Venezuela since 2024 has shown a “clear pattern” of spoofing its location to hide where it actually was, according to a leading energy consulting firm. And data suggests that the Guyana-flagged tanker identified as Skipper […]
Read More
VanEck turns online slang into strategy with ‘Degen Economy’ ETF
Key Points VanEck is renaming its gaming ETF (BJK) the “VanEck Degen Economy ETF.” “Degen,” short for “degenerate,” originated in gambling circles and later migrated into crypto and retail-trading communities. The change takes effect after the market close on April 8, resetting a fund launched in 2008 that has just $23 million in assets. Source
Read More
OpenAI announces latest AI model — GPT-5.2 — and says it’s better at professional tasks
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, Japan, on February 03, 2025. Tomohiro Ohsumi | Getty Images OpenAI on Thursday announced its most advanced artificial intelligence model, GPT-5.2, and said it’s the best offering yet for […]
Read More
Rivian announces new AI tech, in-house chip and robotaxi ambitions
Rivian debuted new tech at its first “Autonomy and AI Day” on Thursday in Palo Alto, California. Credit: Rivian Electric vehicle maker Rivian Automotive has developed a custom chip, car computer and new artificial intelligence models that will enable it to bring self-driving features to its forthcoming vehicles, the company revealed at its first “Autonomy […]
Read More
Trump says ‘I guess’ U.S. could keep seized oil tanker — but a sale appears likely
U.S. forces abseil onto an oil tanker during a raid described by U.S. Attorney General Pam Bondi as its seizure by the United States off the coast of Venezuela, Dec. 10, 2025, in a still image from video. U.S. Attorney General | Via Reuters After the U.S. military seized a large crude oil tanker off […]
Read More
Disney’s OpenAI stake is ‘a way in’ to AI and Sora will help reach younger audience, Iger tells CNBC
The Walt Disney Company’s $1 billion equity investment in OpenAI will serve as “a way in” to artificial intelligence, which will have a significant long-term impact on Disney’s business, Disney CEO Bob Iger told CNBC’s “Squawk on the Street” on Thursday. “We want to participate in what Sam is creating, what his team is creating,” Iger said. […]
Read More
Home prices go negative for the first time in over 2 years — and may stay that way for a while
A home is shown for sale in The Heights in Houston, Monday, Oct. 27, 2025. Kirk Sides | Houston Chronicle | Getty Images Home prices have finally come down compared with last year, though just fractionally, according to daily reads from Parcl Labs, which looks at high-frequency listing data on single-family homes, condos and townhomes, […]
Read More
Disney making $1 billion investment in OpenAI, will allow characters on Sora AI video generator
Disney CEO Bob Iger attends late US actor Chadwick Boseman’s posthumous Hollywood Walk of Fame Star ceremony in Los Angeles, California, on Nov. 20, 2025. Unique Nicole | AFP | Getty Images The Walt Disney Company on Thursday announced it will make a $1 billion equity investment in OpenAI and will allow users to make […]
Read More