U.S. computer giant Dell is reportedly considering a major shake-up, which could include an acquisition or an IPO. The board, under pressure to increase growth, will meet this month to explore its options. Talks for a potential IPO are still in the early stages.
Bill Ackman's Pershing Square Capital is betting big on Nike. The activist investor recently revealed that he took a passive stake in the sneaker company in October. Ackman reportedly isn't interested in changing the path Nike is on, but rather believes in the current strategy for the company.
President Trump delivers a speech in Davos, but will it be overshadowed by reports that Trump wanted to fire special counsel Robert Mueller last summer? Michael Harriot from The Root and Alayna Treene from Axios weigh in on the story, which Trump has since called "fake news." Treene says this new report raises questions about obstruction of justice.
Plus, celebrity divorce lawyer Laura Wasser talks about her new app "It's Over Easy," which aims to make divorce quicker and easier. Wasser has handled divorces for many prominent celebrities, such as Angelina Jolie and Kim Kardashian, but she's looking to corner a new market now.
Wasser explains the site is free for people to explore and makes the process of looking into divorce more anonymous. Wasser acknowledges "it's still going to be stressful," but she hopes her site can help.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
