People bought cheaper jewelry as holiday gifts, and Signet’s stock is tumbling

• Brown-Forman laying off 648 people as stock price hits 10-year low and sales decline

  Jack Daniels whiskey maker Brown-Forman Corp. said Tuesday it would cut 12% of its work force or about 648 jobs in the face of a 10-year-low in its stock price and four straight quarters of ...
  
  MarketWatch - 13h

• Moderna’s stock tumbles to post-COVID lows after revenue outlook disappoints

  Moderna’s stock tumbles after a disappointing outlook for revenue and the need to accelerate its cost-cutting plan.
  
  MarketWatch - 1d

• Lululemon’s stock jumps as strong holiday sales show demand is improving

  Lululemon’s stock rallies toward a 10-month high after guidance for profit, revenue and gross margin were raised.
  
  MarketWatch - 1d

• Nadella’s micro gift to India

  Also in this newsletter: the bull run in defence stocks, and the car industry’s software problem
  
  Financial Times - 5d

• 'It can’t be bought': Greenlanders respond to Trump's options for their country

  Nuuk residents said that Greenland could not be bought, after President-elect Donald Trump refused to rule out the use of force to take control of the Arctic island.
  
  NBC News - 5d

• European wind stocks tumble after Trump says he will stop new turbine construction

  The president-elect went on a lengthy attack against wind turbines during a news conference.
  
  CNBC - 6d

• Holidays and higher egg prices lift Cal-Maine’s results and stock

  Results reflected ‘seasonal boost leading up to the Thanksgiving holiday’ as well as higher prices due to bird-flu outbreak
  
  MarketWatch - Jan. 8

• U.S. Steel stock tumbles to almost half of what Nippon Steel offered after Biden rejection

  Investors were betting on a grim future for U.S. Steel after President Joe Biden used his legal authority to block the acquisition by Nippon Steel of Japan on Friday.
  
  MarketWatch - Jan. 3

More from MarketWatch

• SEC lawsuit against Elon Musk is a big political test for Trump administration

  Trump appointee Paul Atkins is set to face a major minefield upon taking over leadership of the SEC, given Musk’s close ties to the incoming president.
  
  MarketWatch - 3h

• This is Nvidia’s secret weapon and it’s likely to propel the stock in 2025

  Strength in data center GPUs, networking, services, and emerging products fortify Nvidia’s competitive ‘moat.’
  
  MarketWatch - 3h

• Companies are expected to post their best earnings growth in 3 years. The biggest gains won’t come from Big Tech.

  Financials should be the biggest profit gainers this earnings season — but as Trump returns, trends could be “much more volatile than Trump 1.0,” analyst says.
  
  MarketWatch - 3h

• ‘I’ve never been happier’: I married a wonderful lady from Ukraine. I have two successful kids. Do I put my wife on the deed to my home?

  “We are now looking to downsize and move to another home and I’m wondering if we should put the new property in joint names.”
  
  MarketWatch - 4h

• ‘How can you fit your life in a car?’ After Pacific Palisades fire, Malibu business owners face a grim new reality

  When your neighborhood is destroyed by fire, what do you take with you? And how do you face the future?
  
  MarketWatch - 4h

More in Business

• South Korea's President Yoon Suk Yeol arrested as agencies probe his short-lived martial law decree

  This was the second bid to arrest the impeached president, following a failed attempt on Jan. 3.
  
  CNBC - 1h

• New Zealand won't 'get rich' by focusing trade in the South Pacific alone, PM says

  New Zealand is the latest country to sign an economic partnership with the United Arab Emirates.
  
  CNBC - 2h
• 

  South Korea’s President Yoon arrested after stand-off with police

  Predawn raid on impeached leader’s compound marks latest twist in political crisis over failed martial law bid
  
  Financial Times - 2h

• SEC lawsuit against Elon Musk is a big political test for Trump administration

  Trump appointee Paul Atkins is set to face a major minefield upon taking over leadership of the SEC, given Musk’s close ties to the incoming president.
  
  MarketWatch - 3h
• 

  Cookies, Cocktails and Mushrooms on the Menu as Supreme Court Hears Bank Fraud Case

  In trying to find the line between false statements and misleading ones in the case of a Chicago politician, members of the Supreme Court posed colorful questions.
  
  The New York Times - 3h