Business

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Business

Business and tech leaders react to ICE killing of Alex Pretti in Minneapolis

Federal immigration officers shot and killed Alex Pretti, 37, in Minneapolis on Saturday — the second fatal shooting of a US citizen by ICE in the city this month, Businessinsider reported. The killing drew sharp responses from business and tech leaders and renewed street protests. More than 60 CEOs of Minnesota-based

Business

Trump’s Davos visit calms some, leaves business leaders uneasy

President Trump’s appearance at the World Economic Forum in Davos was met with both relief and anxiety after he announced a “framework” for an agreement over the future of Greenland and the Arctic and walked back threats of military action and tariffs; some attendees texted one another “Taco!” after,

Business

Davos shifts from globalist virtue signaling to a business-first gathering

At the World Economic Forum in Davos, Katrin Bennhold spoke with her colleague Peter Goodman, a longtime attendee, who said the meeting’s pretense of being gathered “to improve the state of the world” has largely disappeared and that the event now reads more like a business conference. Goodman traced

Business

Personal Consumption Expenditures up 2.8% year‑over‑year in November, Fed gauge shows

Consumer prices rose moderately in October and November, the Federal Reserve’s preferred gauge for inflation showed, with the Personal Consumption Expenditures price index up 0.2 percent in both months and 2.8 percent year over year in November, the data released on Thursday said. The reading, while far

Business

Some full-time prediction-market traders report seven-figure gains

A small cohort of full-time traders on prediction-market platforms such as Kalshi and Polymarket are reporting sizable profits, sometimes into the millions, according to a recent profile. One example is Joel Holsinger, 26, who quit his job as a corporate C.P.A. to trade full time and was two

Business

Mississippi Delta farmers left with unsold rice as prices tumble

Farmers across Mississippi’s Delta are struggling to sell harvested rice after prices fell below production costs, and some have even considered letting the grain rot. Jack Westerfield of Merigold said he could not sell 2.2 million pounds of rice and has contemplated dumping it. Rice futures declined about

Business

Hemp-derived THC drink sales surge as new federal cap could remove products from shelves

Sales of beverages made with hemp-derived THC have surged in mainstream retailers, but a new federal limit on THC per drink could push many products off shelves. At a Stew Leonard’s store in Paramus, N.J., stacks of hemp-infused drinks occupy prominent space in the liquor department as retailers

Business

1907 Crocker‑McMillin mansion in New Jersey listed for $19 million in bankruptcy

Businessinsider reports the 1907 Crocker‑McMillin mansion in Mahwah, New Jersey, is up for bankruptcy sale, listed at $19 million after the property was forfeited to the bankruptcy estate of Miles Guo in 2024. The 50,000‑square‑foot, 75‑room estate features extensive wood and marble carvings and its

Business

Trump sues JPMorgan in Florida, seeks $5 billion over 2021 account closures

President Trump filed a lawsuit in Florida on Jan. 22, 2026, alleging that JPMorgan Chase stopped doing business with him for political reasons after the Jan. 6, 2021, attack on the Capitol and seeking $5 billion in damages. The suit also names JPMorgan chief executive Jamie Dimon as a defendant.

Business

Oracle, MGX and Silver Lake take major stakes in new U.S. TikTok venture

ByteDance has spun out an American venture to operate TikTok in the United States, the company announced on Jan. 22, 2026, as part of an effort to comply with a 2024 federal law aimed at separating the app from its Chinese parent on national security grounds. Under the arrangement, non-Chinese

Business

ByteDance splits TikTok into U.S. and global units to preserve U.S. access

On Jan. 23, 2026, ByteDance officially split TikTok into separate entities for the United States and the rest of the world — a move the article said marked a final capitulation for the app’s survival in the United States after a six-year fight. The outcome highlights the dilemma facing Chinese

Business

Trump sues JPMorgan and CEO Jamie Dimon for $5 billion over alleged debanking

President Trump filed a $5 billion lawsuit against JPMorgan Chase and its chief executive, Jamie Dimon, accusing the bank of “debanking” political conservatives — a development that landed at the World Economic Forum in Davos, Switzerland. In the suit, Mr. Trump alleged that JPMorgan had closed some of his and his

Business

Workers 50+ earning over $150,000 must place 2026 401(k) catch-up contributions in Roth accounts

Starting in 2026, employees aged 50 and older who earned more than $150,000 in 2025 and who make contributions beyond the standard limit must deposit those extra 401(k) catch-up contributions into a Roth 401(k), meaning no upfront tax deduction and potentially lower take-home pay, tax experts say.

Business

Traders wager on how much snow New York City will get this weekend

Businessinsider reports traders are betting on how much snow New York City will get this weekend as Winter Storm Fern barrels through the US. Traders on Kalshi had bet almost $900,000 as of Saturday afternoon on whether more than 12 inches of snow will fall in New York City

Business

Economists warn a Trump-controlled Fed could bring short-term boost, long-term pain

President Trump has signaled he wants the Federal Reserve to lower short-term interest rates, and New York Times columnist Jeff Sommer warns that cutting rates beyond what economic conditions warrant could create a short-term boom while producing longer-term problems such as higher inflation and damage to the Fed’s credibility.

Business

ByteDance to Spin Out U.S. TikTok; American Users Keep Same App

ByteDance agreed to spin out a U.S. TikTok entity under an arrangement in which non‑Chinese investors will own about 80 percent and ByteDance will keep 19.9 percent. A spokeswoman for the new venture said the app’s 200 million American users will be able to keep their

Business

Trump seeks U.S. private investment in Venezuela amid extensive sanctions

President Trump is pressing to restart U.S. private investment in Venezuela while the administration retains tight control over which companies may operate there, but extensive U.S. sanctions remain in place and complicate that effort. According to an analysis of Treasury Department data, Venezuela is subject to more than

Business

Minnesota retailers turn stores into aid centers amid ICE protests

Businessinsider reports that small businesses in the Minneapolis area are shifting from retail to community aid as heightened ICE activity and large protests roil the city, including a second fatal shooting by federal officers during a downtown demonstration. Owners say January — normally a slow month for restocking and taxes — has

Business

Washington Post will not send a contingent to the Winter Olympics in Italy

The Washington Post notified more than a dozen journalists that it will not send a contingent to cover the Winter Olympics in Italy, according to an email from managing editor Kimi Yoshino reviewed by The New York Times. Ms. Yoshino wrote, “As we assess our priorities for 2026, we have

Business

Ubisoft shares hit lowest level since 2011 after company announces major reset

Pcgamer reports Ubisoft announced a "major reset" of its organisational hierarchy and game development plans, and its shares fell to their lowest price since 2011. The overhaul included a fundamental shakeup to internal studio structure, the cancellation of six projects including the Prince of Persia: The Sands of

Business

Experts warn power problems may follow storm as snow and demand strain grids

Energy experts warned that the worst electrical problems from the winter storm may occur after the storm has passed in areas including Texas and the Mid-Atlantic, as snow and ice accumulate on trees and power lines and electricity demand rises. As snow and ice collect on tree branches and power

Business

U.S. law school applications jump as costs and A.I. cast doubt on returns

Applications to U.S. law schools for the 2026 cycle have surged, rising an estimated 17 percent from last year and 44 percent from two years ago, according to data from the American Bar Association compiled by the Law School Admission Council. That increase comes as rising tuition, new federal

Business

Heir doubts inheriting Slovakia childhood home will be worth the trouble

Businessinsider spoke with Katarina Polonska, a 36-year-old Vancouver-based relationship scientist who lives in Canada and is set to inherit her two-bedroom, one-bath childhood home in Slovakia. Polonska said the apartment is old and needs extensive work — she estimates the property is worth maybe $80,000 CAD and that selling would

Business

Canada will cut tariffs on a limited number of Chinese cars, worrying U.S. automakers

Canada has agreed to let a limited number of Chinese-made cars into its market at a lower tariff, a move announced on Jan. 16 in Beijing by Prime Minister Mark Carney. The plan would cut the tariff to 6.1 percent for up to 49,000 Chinese-made vehicles a year,

Business

US airlines cancel thousands of flights as 2,000-mile winter storm nears

Businessinsider reports US airlines are canceling thousands of flights this weekend as a major winter storm moves eastward, stretching roughly 2,000 miles from New Mexico to Maine and threatening almost 180 million people, the National Weather Service said. The NWS said early Saturday that much of the south-central US