Futures tied to Dow Jones Industrial Average were higher Thursday night after strong gains in value areas of the market pushed both the 30-stock index and the S&amp;P 500 to fresh records. 
Dow futu… [+1943 chars]

Investors on Thursday poured into cyclical stocks that are considered more sensitive to the economy, a day after the Fed cut rates for the third time this year.

CNBC

Dow futures are higher after notching fresh records: Live updates - cnbc.com

A former crypto entrepreneur who was behind two digital currencies that collapsed and lost an estimated $40bn ($29.9bn) has been sentenced by a New York judge to 15 years in prison for an "epic" frau… [+1384 chars]

In August, Do Kwon pleaded guilty to conspiracy to defraud and wire fraud and apologised for his actions.

BBC News

Do Kwon: TerraUSD creator sentenced to 15 years in prison over $40bn crash - BBC

Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered a stock slide after its sales outlook for the red-hot market failed to meet investors lofty expectations.
The… [+394 chars]

Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered a stock slide after its sales outlook for the red-hot market failed to meet investors’ lofty expectations.

Bloomberg

Broadcom Gives Upbeat Forecast After AI Deals Fuel Growth - Bloomberg.com

The new directive for FSOC is the latest phase in Bessents campaign to rein in financial rules and command the independent agencies that write them. His department has increasingly taken the role of … [+3645 chars]

The Treasury secretary said the Financial Stability Oversight Council would shift focus from “prophylactic” policies to a more deregulatory approach.

Politico

Bessent resets financial watchdog with deregulatory mandate - Politico

COSTCO has made a shocking U-turn on its new store plans, meaning some members may have to wait to get a location near them.
CEO Ron Vachris said the warehouse retailer faced some minor challenges i… [+4407 chars]

Plus, the in-store policy that's resulted in 20% faster checkout times

The-sun.com

Costco CEO confirms shock U-turn on 35 new stores in 2026 - The US Sun

OpenAI and its largest financial backer, Microsoft, have been sued in California state court over claims that ChatGPT, OpenAIs popular chatbot, encouraged a man with mental illnesses to kill his moth… [+2969 chars]

The case, filed in a California court, is the first suit linking the chatbot to murder.

Al Jazeera English

OpenAI sued for allegedly enabling murder-suicide - Al Jazeera

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However, Apple can collect appropriate fees from external App Store links, says court.
However, Apple can collect appropriate fees from external App Store links… [+3757 chars]

Apple has lost its appeal of a massive ruling in its ongoing dispute with Epic Games, though a judge will have to look at how Apple could still charge fees for in-app purchases made via external links.

The Verge

Apple loses contempt appeal in Epic case - The Verge

What's inside: The guidance from the Office of Management and Budget states that agencieslooking to buy AI systemsmust determine whether the models comply with what it calls two "unbiased AI principl… [+2121 chars]

The Trump administration released guidance for federal agencies to try to ensure that the AI models they buy aren't spitting out "woke" responses.

Axios

White House issues federal agency guidance against "woke" AI - Axios

Google News

Costco tops Wall Street's sales and revenue expectations - CNBC

Lululemon announced Thursday its CEO Calvin McDonald will step down effective Jan. 31 following more than a year of underperformance at the athleisure company. 
The company's board of directors is w… [+4806 chars]

Lululemon's CEO Calvin McDonald will leave the athleisure retailer at the end of January as sales in its largest market sag and consumers flee to competitors.

Lululemon CEO Calvin McDonald to depart in January as retailer struggles to compete, woo shoppers - CNBC

Following a comprehensive review by the boards of directors of the regional Reserve Banks, and the unanimous concurrence of Federal Reserve Board members, the Federal Reserve on Thursday announced th… [+3067 chars]

Following a comprehensive review by the boards of directors of the regional Reserve Banks, and the unanimous concurrence of Federal Reserve Board members, the

Federalreserve.gov

Federal Reserve Board announces reappointment of Reserve Bank presidents and first vice presidents - Federal Reserve Board (.gov)

(FOX 5/KUSI) — California Gov. Gavin Newsom signed a slew of bills this past year that are set to take effect at the start of the new year, several of which will impact Californians in the areas of e… [+3628 chars]

The following is a breakdown of just some of the new laws that will have a major impact on Californians, effective in 2026.

fox5sandiego.com

New laws taking effect in California in 2026 - fox5sandiego.com

At the Fed's press conference, Fed Chair Jerome Powell acknowledged that many consumers are struggling with higher inflation. "We hear loud and clear" the concerns about affordability, Powell said.
… [+1209 chars]

The Federal Reserve cut interest rates by 25 basis points at its final meeting of 2025, with investors focusing on the outlook for 2026.

Yahoo Entertainment

Live coverage: Federal Reserve cuts interest rates by 0.25%, Powell warns there's 'no risk-free path' - Yahoo Finance

SpaceX intends to go public in 2026 and will seek a valuation of $1.5 trillion, according to media reports.
Elon Musk
's company has been private since its founding in March 2002. Over the past six… [+2999 chars]

The move will apparently help fund the buildout of orbiting data centers.

Space.com

SpaceX plans to go public in 2026, seeks $1.5 trillion valuation: reports - Space

Information in Investors Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. … [+1064 chars]

Google stock fell amid OpenAI's release of a new AI model, a Disney investment in OpenAI, and a pull back in AI stocks spurred by Oracle.

Investor's Business Daily

Google Stock Dips Amid OpenAI Model Upgrade In Leadership Battle - Investor's Business Daily

The Treasury Department is preparing to release a corporate tax workaround that would deliver large tax savings to companies including Salesforce Inc. and Qualcomm Inc.
The tax guidance, which could… [+231 chars]

The Treasury Department is preparing to release a corporate tax workaround that would deliver large tax savings to companies including Salesforce Inc. and Qualcomm Inc.

Trump Administration Plans to Boost Tax Break for Corporations - Bloomberg.com

Paramount’s bid to buy Warner Bros. has one of its stars curious about the economics of the possible deal.
On Monday, Paramount, led by CEO David Ellison, launched a hostile bid to buy Warner Bros. … [+1497 chars]

CBS cited cost concerns in July when it announced the show would end.

Hollywood Reporter

Stephen Colbert Wonders Why ‘The Late Show’ Was Canceled if Paramount Has $108 Billion to Offer for Warner Bros. - The Hollywood Reporter

McDonald’s has become corporate enemy number one after its hideous AI holiday commercial went viral across numerous social media platforms for all the wrong reasons.
TBWA and The Sweetshop the agenc… [+4168 chars]

McDonald's and its marketing contractors have had some bizarre responses to the backlash from their AI commercial.