Business

• From the California gold rush to Sydney Sweeney: How denim became the most enduring garment in American fashion - The American blue jean was created in 1873 by tailor Jacob Davis, who patented the design with Levi Strauss, founder of the eponymous denim retailer
• Trump administration waives $11 million fine for Southwest Airlines' 2022 holiday meltdown - The Trump administration said it will forgive the last $11 million of a fine against Southwest Airlines that stems from the carrier's 2022 holiday meltdown.
• 'Terrifying': Why U.S. senator in top intel post wants more spying on Chinese companies - Chinese biotech BGI will pass Huawei in scale and threat, says Sen. Mark Warner. 'It's terrifying,' he said at CNBC event, pushing for more corporate spying.
• The regulatory path ahead for a Netflix and Warner Bros. deal could get dicey - Regulatory questions are already rising about Netflix's deal to combine its business with WBD's streaming service HBO Max and film studio Warner Bros.
• 'The Economy Is Quite Booming'—Dave Ramsey Shuts Down Caller Blaming The Economy For Her Struggles. 'The Economics At Your House Suck' - When a recent caller tried to blame the economy for her family's million-dollar debt, Dave Ramsey fired back that it’s not the economy’s fault. A 28-year-old caller named Heather recently phoned into “The Ramsey Show” to share that she and
• Southwest Airlines cuts earnings outlook on government shutdown demand hit - The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million.
• $208 million wiped out: Yieldstreet investors rack up more losses as firm rebrands to Willow Wealth - Yieldstreet is attempting to move past a troubled track record by rebranding to Willow Wealth while customers reel from a still-unfolding collapse of its funds.
• Nvidia partner Foxconn reports 26% revenue spike as AI boom continues - The Taiwanese company has increasingly moved into the AI infrastructure space in recent times
• Global websites back online as Cloudflare issues fix for dashboard issue - Shares of the company were down 4.5% in premarket trading after global websites went down and Cloudflare said it was investigating.
• Salesforce CEO calls AI a 'commodity feature', says the technology bolsters enterprise software - Salesforce CEO Marc Benioff told CNBC's Jim Cramer how his company uses AI.