Wal-Mart announced it would raise its starting wage to $11 an hour, thanks to the newly passed tax reform. And South Korean regulators say they may ban trading in Bitcoin, sending the price of cryptocurrencies plunging. Plus the latest from CES, as Samsung teases its new Galaxy S9 phone, and China's Huawei comes under fire from U.S. regulators. And ICE agents raiding 7-Eleven stores around the country to crack down on illegal immigrants. That as the deadline for Congress to pass legislation protecting "Dreamers" from deportation looms large.

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Musk loses crown as world’s richest to software giant Larry Ellison
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.
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