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.
‘Resource nationalism’ could propel gold to $5,000 and silver to $100 this year, investors say
Silver broke above $90 for the first time on Tuesday.
CNBC Daily Open: Worries over Iran and Fed independence weigh on markets
U.S. President Donald Trump said Tuesday that he had “cancelled all meetings with Iranian Officials.”
Trump says anything less than U.S. control of Greenland is ‘unacceptable’ ahead of crunch talks
The high-stakes meeting comes shortly after Greenland and Denmark’s leaders portrayed a united front against Trump’s takeover threats.
CNBC’s UK Exchange newsletter: The battle for Britain’s investment trusts
The investment trust sector in the U.K. is being targeted by one of Wall Street’s most famous activist investors — putting some well-known names at risk.
European stocks close higher as focus shifts to Greenland talks; BP warns of $5 billion impairment charge
European stocks ended higher on Wednesday as investors in the region focused on a meeting between U.S. and Danish officials to discuss Greenland.
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.
China’s annual trade surplus hits a record $1.2 trillion, even as exports to U.S. decline by 20%
China’s exports growth in December sharply beat expectations, catapulting the annual trade surplus to a record high.
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.
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.
